Pre-conversion checklist: MYOB AccountRight

This article outlines the specific pre-conversion steps for MYOB AccountRight. 

We expect that you have already covered the general pre-conversion steps and you can simply go ahead with the remaining ones on this list.

Click here for the general pre-conversion checklist.

Step 1 - Do your GST reports for the remaining quarter (Mandatory)

If you use Cash-basis accounting, we advise you to migrate directly after the close and reconciliation of a GST (goods and services tax) period. Otherwise, the post-conversion work in QuickBooks Online can be a lot of work (considering partially paid invoices). Whether you are using either accrual or cash-basis GST reporting, please do take note of the following:

Ensure all GST reports and reconciliations are updated before migration.

Check GST Closing balance is correct for that period.

Export GST Reports at the date of migration, as well as Receivables w/ Tax, Payables w/ Tax,  Sales-Customer Summary, and Purchases-Supplier Summary, for post-migration checks.

Step 2 - Extract post-conversion check data (Mandatory)

After the conversion is done you need to be able to check the results. Therefore, we need to extract the following reports from your system:

  • Profit and loss for the period ending at conversion date
  • Balance Sheet as of conversion date
  • Trial balance for the period ending at conversion date
  • Bank Account balances as of conversion date
  • A list of outstanding invoices of your customers and suppliers as of conversion date

Step 3 - Keep your backup for audit purposes (Mandatory)

Make sure you keep the backup of the MYOB AccountRight in a safe location for any auditing purposes. Please check this page on how to create a backup file.

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