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MYOB AccountRight Live Plus is an accounting and inventory solution designed specifically for small businesses. Learn everything you need to know about the features of AccountRight in this course, from navigating the Command Centre to invoicing customers and processing payments. Author Elizabeth Haverfield shows you how to add opening balances, create supplier and customer records, design a service form for invoices or purchase orders, process payments, pay bills, and back up your data.
In this case study, there are no outstanding purchases, but we would need to complete similar steps to enter the historical balances for suppliers, as we've previously done for customers. You would go to set up on the menu bar, and then click on to Balances, and come down to supply balances. We can see that there is nothing out of balance, so we don't need to enter any transactions. Let's click close to return to the command center. Otherwise, if you did have a balance you would need to enter every single bill against each supplier, up to the conversion month being January 2015.
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