Maintaining accounts

Accounts > Maintaining accounts

An account is a tool used to organise a business. Accounts keep track of the additions and subtractions that occur in regular business activity. Since accounts are the backbone of your MYOB BusinessBasics financial records, ensuring your accounts work the way you want them to should be one of your highest priorities.

Even if you're just starting to use BusinessBasics, you already have an accounts list to work with. An accounts list is merely a list of all the accounts that are used to track a business. Since you selected an accounts list when you created your company's company file using the New Company File Assistant, you already have an extensive set of accounts that you can use to track your business activity, and you may not need to create any more accounts. However, you can make changes to the accounts that were created for you using the New Company File Assistant, if you choose.

Account classifications

Account types

Creating accounts

Changing, deleting or inactivating accounts

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