MYOB Introduction

BSBFIA303 Process accounts payable and receivable  Nationally Recognised & Accredited Training

MYOB Introduction – Course Outline (PDF printable version)

General Information

Duration: 3 half days, 10.5 Hours
Cost: $495 GST‐Exemt, Includes training manual
Prerequisite: Experience with Microsoft Windows and use of a mouse.
Objectives: To provide a thorough understanding of the comprehensive concepts and skills that will enable the participant to effectively use MYOB.
Methodology: Group and individual instruction, hands on, practical exercises, visual aids, comprehensive course documentation.
Competency Assessment: This will be issued to trainees upon completion of training session.
Expected Outcome: By the end of the course the participant should be able to use the following functions and features of MYOB.

Course Content

Basic Orientation:
• Overview of MYOB
• Starting MYOB in Microsoft Windows
• The MYOB Screen
• Navigating the Command Centre
• Using the Command Centre
• Finding Transactions
• Company Viability
• Exiting MYOB
• Other Things to Know About MYOB

Creating a New Company File:
• Getting Ready for MYOB
• Creating a New Company File
• Activating Your Company File

Charts of Accounts:
• Chart of Accounts Overview
• Starting MYOB With a Specific File
• Modifying Existing Accounts
• Header and Detail Accounts
• Deleting Accounts
• Linking Accounts
• Checking Tax Codes
• Preparing for Electronic Banking

Opening Balances:
• Opening Balances Overview
• Entering Opening Balances
• Opening Balances
• Checking Your Balance Sheet
• Checking Your Profit and Loss

Historical Balances:
• Historical Balances Overview
• Changing Update Preferences
• Entering Customer Balances
• Entering Supplier Balances

Cards:
• Cards Overview
• Entering Customer Details
• Entering Supplier Details
• Changing Credit Terms
• Choosing a Form Layout

Setting Up Inventory (Optional):
• Overview of Inventory
• Entering Inventory Items
• More Complex Items
• Counting Stock and Adjusting Inventory

Purchasing:
• Purchasing Overview
• Simple Purchasing
• Raising a Purchase Order
• Printing Purchase Orders
• Emailing Purchase Orders
• Receiving Ordered Items
• Receiving Items without the Bill
• Obtaining Quotes
• Completing Quotes
• Restocking from Inventory

Paying for Purchases:
• Payments Overview
• Determining the State of Your Payments
• Finding Due Dates
• Locating a Specific Order or Bill
• Making Payments

Selling:
• Sales Overview
• Creating an Item Invoice
• Checking the Sales Journal
• The Invoice from Hell
• Printing Invoices
• Emailing an Invoice
• Entering Cash Sales

Invoicing Techniques:
• More Invoicing Techniques
• Placing Items on Back Order
• Creating a Service Invoice
• Viewing Your Invoices
• Raising a Credit Note
• Settling the Credit

Receivables:
• Receivables Overview
• Applying Payments
• Applying Payments to Multiple Invoices
• Preparing a Bank Deposit Slip
• Printing an Invoice Statement
• Printing an Activity Statement
• Analysing Sales Performance

Working Inventory (Optional):
• Inventory On a Day to Day Basis
• Creating an Auto‐Build Item
• Checking Inventory Status
• Auto‐Building Inventory
• Fulfilling Backorders

Cheques:
• Banking Overview
• Writing Cheques
• Recurring Cheques
• Using a Recurring Cheque
• Printing Cheques
• Receiving Money

Reconciliations:
• Reconciliation Overview
• Producing a Reconciliation Report
• Accounting for Government Fees
• Bank Statements and the GST
• Performing a Reconciliation

Working with Reports:
• Overview of Reports
• Generating Reports
• Customising Reports
• Changing Orientation
• Reporting in Microsoft Excel

MYOB and the GST:
• GST Overview
• Tax Inclusive Transactions
• Examining Tax Codes
• Withholding Tax
• Examining GST Accounts
• Running GST Reports

Business Activity Statement:
• Business Activity Statement Overview
• Preparing to Use BASlink
• Creating Additional GST
• Account Numbers
• Running Pre‐BAS Reports
• Setting Up the BASlink Worksheet
• Entering Values Directly
• Calculating Your PAYG Instalment
• Creating BAS Transaction Information
• Making the Tax Payment