Every transaction you enter into the MYOB AccountEdge system must be assigned to one or more specific accounts. To reduce your data entry time and the possibility of mistaken assignments, AccountEdge was designed to automatically assign your transactions to the proper accounts at the time you record the transactions. These accounts are called linked accounts.
When you used the New Company File Assistant to create your company's company file, specific linked accounts were set up automatically for you. For example, an asset account was assigned to track all sales that result in money owed to you. Whenever you enter a sales transaction that's not fully paid at the time of the sale, the amount you're owed will automatically be added to that particular account's balance. This allows you to avoid the effort of selecting the correct account every time you enter a sale.
As mentioned earlier, your AccountEdge linked accounts are automatically set up for you when you create your company file. However, you might want to use different accounts to track your transaction activity.
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