If you use MYOB AccountRight or MYOB Essentials, you can set up Ace Payroll to post journals to the general ledger of your company file. This will help you prepare accurate reports, as it ensures the right expense and liability accounts are used each
If a journal is posted in error, you can delete it in your MYOB accounting software.
Here's how to set up journal exports:
Click Setup and then Setup Journals.
Click the Post directly into my accounting system option and then select the MYOB accounting software you use.
If you select:MYOB - Essentials:
Click the business name you want to connect Ace Payroll to, and then click OK.
Select the Automatically post journals at the end of each pay run option if you want journal entries to be posted automatically to your accounting software after each pay run (as part of the
If you prefer to initiate the journal export yourself each time (via Utilities > Export Data), don't select this option.
Check with your accountant if you're not sure whether to select this option or not.
Click the Setup Account Codes tab and then select the accounts you want to use for the journal entries in your accounting software.
If your chart of accounts only has only one or two liability accounts set up, you may want to post, say, both the PAYE owing to IRD, and the KiwiSaver owing to IRD, into the one liability account (i.e. an account such as 2-1310 Wages deductions owing