Forum Discussion

rbray's avatar
rbray
Experienced User
2 years ago

Splitting 1 GL account into seperate GL accounts

Splitting 1 GL code/account into seperate GL accounts... (E.g. Printing, Postage & Stationery is one GL code, I want to seperate them into 3 GL codes/accounts)   Is it possible? What should I know ...
  • Steven_M's avatar
    Steven_M
    2 years ago

    Hi rbray 

     

    AccountRight doesn't have the ability to split accounts into two different accounts. 

    In saying that, depending on the purpose you may want to look at deciding on what portion of the current balance is attributed to what account. You would then be able to record a journal entry to separate that amount between TWO (or more) NEW accounts. We do recommend speaking to your accounting advisor about that but Help Article: Recording a journal entry. This will keep the original transactions intact but move across the balance to those two (or more) new accounts.

Steven_M's avatar
Steven_M
Former Staff
2 years ago

Hi rbray 

 

AccountRight doesn't have the ability to split accounts into two different accounts. 

In saying that, depending on the purpose you may want to look at deciding on what portion of the current balance is attributed to what account. You would then be able to record a journal entry to separate that amount between TWO (or more) NEW accounts. We do recommend speaking to your accounting advisor about that but Help Article: Recording a journal entry. This will keep the original transactions intact but move across the balance to those two (or more) new accounts.

  • rbray's avatar
    rbray
    Experienced User
    2 years ago

    Thanks so much for your prompt reply, Steve. Much appreciated. 

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.