Introduction to MYOB

Introduction to MYOB

This course is designed to help students develop skills in the use of computerised accounting software in a business environment. Instruction aims to develop understanding of the structure of MYOB and processing accounting transactions using the software. Participants are trained in the use of software covering important transaction types and procedures required in both service and manufacturing industries.
The following topics are covered in the course:
‿Overview of basic bookkeeping;
‿Setting up the business on computer;
‿Use of basic documentation in service and manufacturing activities;
‿Set up of chart of accounts;
‿Setting up customer profiles, customer invoicing and receiving payments;
‿Setting up supplier profile, inventory accounting and making payments;
‿Bank transactions, reconciliation and payroll functions;
‿Record journal entries and generate basic reports;
‿Generate final reports- profit and loss statement and balance sheet.
‿Introduction to Payroll
Course Objective
The course shows participants how to set up a business on a computer and operate MYOB accounting software for day-to-day business transactions from the perspective of end users.
Who would find this course helpful?
Introduction to MYOB is run in two configurations ‿two full days or three hours per week over four weeks. This is a practical course for people who want to use MYOB for computerised accounting in a business and is suited to individuals for any business size and industry.
Course Material
Please bring basic stationery like pen and paper. Participants will be provided with the latest version of MYOB book.

This course will introduce new users to the concepts of Mind Your Own Business.

Learning Outcomes
Upon completion of this course the participant will be able to:

�use and modify a chart of accounts �work with the GST
�enter historical balances �create reports
�create, modify and print purchase orders, invoices and sales documents �manage inventory items
�use the chequebook

Training Method
Training is conducted by professional trainers, using hands on exercises and user practise to consolidate concepts.

Prerequisite
Windows Getting Started course or equivalent. Participants must have good mouse skills. It is an advantage if you have used other Windows based applications and know how to use menus, toolbars and other typical screen components.

Course Content
Getting Started with MYOB
Basic Orientation
MYOB Help
Starting a New Data File
Chart of Accounts
Profit & Loss Statement & Balance Sheet
Customising the Chart of Accounts
Creating New Accounts
Header Accounts
Entering Opening Balances
Checking Account Balances

Tax Codes & GST Accounts
The Business Activity Statement
Setting up Tax Codes
Editing Tax Codes
Withholding Tax No ABN
Setting Default Tax Codes

Card File
Entering Customer & Vendor Details
Changing Credit Terms
Employee Cards

Chequebook
Writing Cheques
Writing cheques for different Tax Codes
Using Recurring Cheques
Credit card Transactions

Making Deposits
Deposit Transactions
Using the Cash Drawer
Recurring Deposits
Reconciliation
Producing a Reconciliation Report
Journal Adjustments
Reconciling Accounts
Sales
Invoice Types
Entering Sales
Cash Sales
The GST Tax invoice
Printing Invoices
Customising Invoices

Payments & Refunds
Analysing Accounts Receivable
Making Payments
Credits & Refunds

Purchases
Set up Accounts Payable
Creating & Receiving Pending Orders
Printing and Locating Purchase Orders

Vendor Payments
Entering Payments
Refunds & Adjustments

GST Reports
Examining Liability Accounts
Running a GST Report
Making a GST Payment
Electronic BAS Form

Reports
Generating and Customising Reports
Analysing Profit and Loss

Inventory
Entering Inventory Items
Counting your Stock
Purchasing and Selling Inventory Items

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