MYOB users outside of Australia- Fund Accounting

960
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MYOB users outside of Australia- Fund Accounting

I'm using ARv2021.3 to do Fund Accounting. Do I need to create card files and job cards?

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Steven_M
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MYOB Moderator
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Re: MYOB users outside of Australia- Fund Accounting

Hi @960 

 

I would recommend speaking to your accounting advisor in regards to the best way to set up and record your transactions for your accounting and reporting requirements.


Generally speaking, cards are used on transactions as a way of tracking values associated with a person or company. For example, if you sell goods to someone you would have a customer involved in the transaction and that customer would be selected on the invoice as a customer card in AccountRight.

 

Jobs are typically internal ways of tracking information from transactions on a per-line level. For example, you might be a construction company and what to see how much something is being charged for a particular line of work, recording all transactional lines associated with that work with the required job can give you a Profit & loss for that individual job.

Kind regards,
Steven

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