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How to share / transfer MYOB file with the new business owner

pandasaigon

Hi,

We are using MYOB AccountRight Live Plus.

The business is going to be sold to a new ower.

This will an asset sales only, this means the new onwer will have to obtain a new ABN.

We still keep our ABN but our company will not have any new transactions after the sales is done. We may still have some update on account receiable when the

We would need to share / or transfer all of our histoty record on MYOB to the new owner as part of the sales agreement.

Could you please advise the best solution to do this transfer?

I have read an advise by Gavin about MYOX Clone service as the link below, however it states that It would not clone any transaction which means our new owner will not be able to view the sales / purchase's history which is not good with our case:

https://community.myob.com/discussions/accounting_software_general/data-migration-after-company-restructure/850839/replies/850853

So I do hope for a best solution from you

Thank you very much in advance

Cynthia King

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Accepted answers

Isaiah_C

Hi @pandasaigon,

Thanks heaps for the extra info and you're absolutely right, that ownership form only works when the ABN stays the same, so good call picking that up! Since you're keeping your ABN and the customer will be using a new one, what you'll need is a serial number removal from your file. That way, it can be transferred over to the customer's existing serial number instead.

Easiest way to get that sorted is by jumping on quick chat with our live chat support team via MOCA, our virtual assistant, or submit a case via MyAccount.

Regards,

Sai

All comments

Isaiah_C

Hi @pandasaigon,

Easiest way to get that sorted is by jumping on quick chat with our live chat support team via MOCA, our virtual assistant, or submit a case via MyAccount.

Regards,

Sai

pandasaigon

Dear Shella,

Thanks for your reply below, however it is not the right answer because the link advised that the Ownership form is only used when the same ABN is used. it states clearly "Don't use this form if the ABN is changing" while my question mentioned that we do not sell the ABN, we keep our own ABN and the customer will use a new ABN, then your advise is not applicable in this circumstane.

Please advvise if you have any solution that we can share / export / clone our MYOB to a new MYOB subscription in which allows the new owner view all the records /history of transactions while having a new opening balance?

I hope I have made myself clear here, please advise if you have any question?

Many thanks

Cindy.

Shella_A

Hi @pandasaigon,

It's sad to know that you'll be transferring your file ownership. Selling a business can feel like a lot to juggle, especially when you want everything to go smoothly for the new owner. To transfer or share your MYOB account (including all your history), you’ll just need to fill out a Change of Ownership form and send it through to us with any supporting documents we might need. Check this link about transfer ownership that will guide through the process. Once we’ve got those, our team will handle the rest and sort out the transfer for you.

Cheers,

Shella