MYOB

Question 1

What are benefits of AccountRight Live?

Answer 1

Search and sort data

store data in cloud

Work synchronized with cloud when working away from cloud

Accessing and customizing reports

Adding attachments e-mailed invoices

Send invoices to multiple customers

Question 2

How can users access data?

Answer 2

From a computer with AccountRight or from the cloud

Question 3

When starting AccountRight should you see an AccountRight consultant?

Answer 3

Yes

Question 4

Can a new business begin using AccountRight at any time?

Answer 4

Yes

Question 5

When must an existing business convert to AccountRight?

Answer 5

At end of year or beginning of new quarter

Question 6

Which requires more data entry - cash or accrual basis?

Answer 6

Accrual basis of accounting

Question 7

Which accounting system offers more accurate reporting of business trends, accrual or cash?

Answer 7

Accrual

Question 8

In double entry bookkeeping, how many entries must be made for each transaction?

Answer 8

two

Question 9

How can the chart of accounts be created in MYOB?

Answer 9

Either through program templates or building your chart of accounts