Hi chris
I just wanted to jump on this thread as I have a similar query.
We are selling the business at the end of financial year and I am trying to find out what should happen with MYOB.
We will continue to need access to our MYOB file as not all customers will have their Invoices paid by the end of financial year and will still be making payments for the next couple of months. Therefore, we will also need the MYOB file for taxation purposes in the 2023/2024 financial year.
The new owners will also require access to Customer and Supplier Card Files, Sales History, Purchase History and Inventory.
We do not want the new owners to have access to our bank accounts that are linked to our MYOB file, nor do we want access to their bank accounts.
Our options that I can think of are:
- New owners take over the Serial No., however I believe we would lose access to the company file unless they create user access for us, which would give them access to our linked bank accounts and give us access to theirs
- We continue owning the Serial No. and provide the new owners with user access, which would also have the above issue
- New owners start their own MYOB account and company file and we could export the Customer and Supplier Card Files, Sales History, Purchase History and Inventory and the new owners could import this data into their company file
Can you please advise what the best way to proceed would be? I'm open to other options if they exist.