If you've used an MYOB product in the past, thank you for upgrading to MYOB AccountEdge! We're sure you'll enjoy AccountEdge's ease of use, coupled with the power and flexibility of network computing.
Before you begin using AccountEdge with an existing company file, you need to perform a simple procedure called upgrading. Upgrading creates a new file using the information in your existing company file, which was created and maintained with your previous MYOB product, so it can be used with the most recent version of AccountEdge. The upgrade process usually takes only a few minutes; very large company files, however, may take an hour or more to upgrade.
Note: Company file concepts
When you upgrade your file to AccountEdge 2004 (v4), your original company file remains in your system in its original location. The upgraded file -- which can be used with AccountEdge 2004 (v4) -- will be in a location you specify during the upgrading process.
If you're using AccountEdge on a peer-to-peer network, your company file is in a location that can be accessed by all workstations. Since all users are accessing the same company file, you'll need to upgrade the company file (and any other company files you may have created) only once. You should run the Upgrade Assistant on the workstation where the company file is located.