MYOB Accounts

The specific accounts where financial transactions are posted are managed entirely by MYOB. However, if a product has been created in WooCommerce, but cannot be found in MYOB, a new product record will automatically be created in MYOB.  In that case, the chosen accounts will be stored with that product.

This is the account where income is booked. Select the default income account to use for new products created by the plugin automatically in MYOB if they do not already exist. This setting will be ignored for products already in MYOB and instead, the chosen income account in MYOB will be used.

If there are multiple types of MYOB product types within an order (Items, Service, Professional), then a MYOB invoice of this type will be created.

This is the account where the cost of sales is booked. Select the default income account to use for new products created by the plugin automatically if they do not exist in MYOB already. Cost of sales account is only used for “inventoried” items.

This is the account where inventory values are booked. Select the default asset account to use for new products created by the plugin automatically. If they do not exist in MYOB already, the asset account is only used for “inventoried” items. Please ensure that the account selected is registered as a bank account in MYOB.

This is the tax code for the purchase of new products. Select the default tax code to use for new products that is created by the plugin automatically in MYOB if they do not exist. This setting will be ignored for products already in MYOB and instead, the chosen income account in MYOB will be used.

Select the default MYOB tax code to use for line items with an unrecognized tax code. If a line item appears with an unrecognised tax code, then the one selected in this dropdown menu will be used for that item.

This is the tax code for any freight charges associated with the purchase of the item. Select the default tax code for freight charges, which will be used independently of any settings in MYOB.

Select the default job number of the job you want your orders to be assigned to in MYOB.