MYOB GL Account Codes

You can use a combination of MYOB general ledger (GL) accounts to optimise the integration between MYOB and WorkGuru to better suit your accounting requirements.  MYOB GL codescan not be configured in WorkGuru, WorkGuru only synchronises with the current settings from MYOB.   The GL code and tracking categories are only used by WorkGuru to pre-code the relevant line items on transactions sent to MYOB so no additional double handling is required in MYOB.

Synchronise the latest MYOB configuration from the MYOB dashboard (Accounting -> MYOB)

GL Account Codes

GL account codes are applied in WorkGuru in a hierarchy.   When invoiced, task and product lines are mapped to revenue (income) accounts in MYOB.  When purchased, product lines are mapped to either a stock on hand or expense account in MYOB depending on the product's tracking type or purchase method.   When stock is used on a project or a production job, or dispatched on a stock sale, the stock journal will be mapped to the cost of goods sold (COGS account).  Note: GL account codes are applied at the line item, not the transaction level.

The first level is the default GL settings configured when MYOB is connected to the first time.

You can over-ride the default mappings using a second level of configuration by assigning an alternate sales account on tasks and products, and/or an alternate expense (COGS) account on products.

You can also apply GL accounts on your payments type clearing accounts.

If your general ledger (and tax mapping) configuration is incompatible with your MYOB chart of accounts, MYOB will display relevant warning messages when you send data via the MYOB dashboard. Usually it just requires a simple re-coding/re-configuration as directed to resolve any issues.