MYOB and XERO Training

MYOB Course Outline

1.  MYOB: From Pen & Paper to MYOB

  • Exploring the sample Company
  • Set up Procedure
  • Entering day to day transactions
  • Enter invoice for sales
  • Change recorded transactions
  • Entre supplier invoice
  • Prepare a bank reconciliation
  • End of month report
  • Prepare your GST return
  • Consolidation tasks

2.  Payroll Management

  • Set up a Payroll for a company
  • Set up departments and cost centres
  • Set up employees including standard (default) pays
  • Set up leave and holiday pay balances
  • Process pays for weekly and monthly pays
  • Complete month end by changing the PAYE period
  • Terminate employees
  • Print reports for the Inland Revenue Department
  • Print management reports

3.  Day-to-day Processes

  • Open an existing company file
  • Set up preferences and linked accounts
  • Determine which GST codes you need for your business
  • Process day-to-day sales as quotes, orders and invoices
  • Analyse your debtors
  • Process the receipt of payment for your customers
  • Create credit notes and purchase orders
  • Email purchase orders
  • Convert orders and quotes to bills
  • Enter spend money and receive money transactions

4.  End of Year Reconciliation

  • Use the Company Data Auditor
  • Find and fix imbalances when reconciling your bank account
  • Reconcile your accounts receivable, accounts payable and inventory
  • Reconcile your GST control accounts
  • Complete your GST Return using MYOB Accounting software
  • Review your financial reports
  • Customise reports
  • Send reports to Microsoft Excel
  • Prepare report batches
  • Provide information to your accountant
  • Start a new financial year

5.  Advanced Processing: Beyond the Basics

  • Manage contact logs
  • Set up recurring transactions
  • Use advanced search features to find transactions
  • Customise forms
  • Manage accounts, budgets, jobs and categories
  • Export data from, and import data to, your company file
  • Manage transactions in multiple currencies
  • Record and bill for time
  • Create personalised

6.  Business Reporting and Analysis

  • Learn how to use the P & L and Balance Sheet Reports to analyse your business
  • Customize your Accounts List to meet your business’ reporting needs
  • Discover tools in your software to track profitability in different areas of your business
  • Set and report on Key Performance Indicators using MYOB AccountRight software and Microsoft Excel®
  • Understand key ratios and apply them to measure business performance
  • Use MYOB reports and Microsoft Excel to customise templates for targeted reporting
  • Bank reconciliation
  • Input your MYOB data into financial templates to enable you to measure business performance
  • Recognise the difference between cash flow and profit and how to improve them

7.  Inventory Management overs

  • Understand cost of sales
  • Set up the items list
  • Identify the types of items which are categorised as buy, sell and/or inventory
  • Use custom lists and fields
  • Enter an initial stock count
  • Reconcile the stock ledger with the accounts list
  • Link the account for goods received
  • Order stock from a supplier
  • View, print and email purchase orders
  • Check stock availability
  • Receive stock and the packing slip