Managing Companies and Branches
In MYOB Advanced, a company represents a legal entity with an independent balance sheet and separate tax reporting. An organization may consist of one company or multiple companies.
A company may have no branches, or it may consist of multiple branches, each being a separate office or a point of sale. Companies with multiple branches can be configured and maintained in MYOB Advanced only if the Multibranch Support and Multicompany Support features are enabled on the Enable/Disable Features (CS100000) form. On the same form, the Inter-Branch Transactions feature should be enabled if different branches of a company can participate in one transaction.
All branches within a tenant have the same chart of accounts, calendar, and base currency.