Configuring Cash Accounts

In MYOB Advanced, you can maintain as many cash accounts as you need to get a clear picture of your cash flow. To keep your chart of accounts simple, MYOB Advanced defines cash accounts separately rather than including them in the chart of accounts. You link cash accounts to accounts from the chart of accounts to track your cash transactions in the general ledger.

This chapter will help you understand what types of cash accounts you need for your business. It describes the configuration process of a cash account and the other entities that can be involved in recording cash transactions. Also, you will read about methods of restricting access to and visibility of cash accounts.