Learn to create a new MYOB company, import opening balances from a closing trial balance, and set up chart of accounts, industry, business type, and location via the command center.

Reopen an existing MYOB AccountRight company by locating the file on the C drive, selecting multiuser, delaying activation, and running a quick data verification before returning to the main dashboard.

Edit the chart of accounts in MYOB, create missing ledgers, and enter opening balances for accounts receivable, creditors, inventory, and land and buildings, ensuring control accounts reconcile with individual balances.

Create a new motor vehicles category in the MYOB chart of accounts by adding a fixed assets header and two ledgers for cost and depletion, with opening balances.

Learn to enter remaining opening balances in MYOB AccountRight by creating main categories, subaccounts for assets and liabilities, and posting historical balances to generate a balanced opening trial balance.

Enter customers and suppliers with opening balances in MYOB AccountRight, link each balance to accounts receivable or payable, and verify the trial balance to ensure reconciliation.

Learn how to enter inventory opening balances in MYOB AccountRight by creating an inventory journal, adjusting quantities and unit costs, and generating a trial balance report.

Record opening balances and verify positions in MYOB, then use journal entries to classify trading versus non-trading activities and handle prepaid rent, security deposits, and maintenance and repairs.

Learn how to record a cash receipt from a customer against sales in MYOB AccountRight, applying the full amount to the customer balance and marking cash as the payment method.

Enter a credit purchase invoice from Daniel in MYOB, switch to item layout, add items (including Suzuki Filters), assign accounts, and record with tax code confirmed.

Enter purchase invoices in MYOB AccountRight, selecting supplier Mudgett, add line items with quantities and rates, adjust totals, verify dates and invoice numbers, and record the invoice.

Create a walk-in cash sale for gasfields, recording payment as cash. Review the journal entry showing cost of goods sold to inventory and cash in hand.

Learn to manage customer advances in MYOB by recording cash in hand against orders, classifying deposits as a liability, and applying payments through orders, journal entries, and ledgers.

Shows how to enter direct sales in MYOB by issuing a sales invoice without a sales order, and reviews journal entries for receivables, sales, cost of goods sold, and inventory.

Master the process of entering purchases in MYOB AccountRight, including selecting purchases, adding supplier and reference numbers, entering items with dynamic prices, adjusting quantities, and confirming totals and tax prompts.

Learn how to record bad debts in MYOB by offsetting unrecoverable customer balances, posting a negative entry, applying it to the opening balance, and validating the journal entries.

Record a service invoice in MYOB by switching to a bill for a new supplier, selecting the service layout, and assigning packing charges to cost of sales.

Learn to settle open invoices in MYOB AccountRight by applying a bank payment to a supplier for partial settlement. Examine the transaction journal and disbursements to verify entries.

Convert a sealed sales order to a sales invoice after delivery. Allocate the cash advance and post journal entries for receivable, sales, COGS, and inventory in the correct period.

Process a purchase return in MYOB by selecting the supplier, switching to item invoice, entering a minus quantity, and applying the return to the supplier payable with journal adjustments.

Record cash payments from a customer against multiple invoices in MYOB AccountRight. Select the customer, set deposit to cash in hand, apply all payments, and verify in the transaction journal.

Convert a pending purchase order into a purchase invoice in MYOB AccountRight by creating a bill from the order, recording it, and noting the impact on trade creditors and inventory.

Record damaged inventory in MYOB by posting a negative quantity and classifying the loss of inventory under expenses, such as sinkage or spoilage, with a memo.

Learn how to record an adjusting journal entry for January rent by moving 5,000 from prepayments to rent expense, and rename the expense account in MYOB AccountRight.

Extract and display the trial balance from accounts, reconcile ledger balances for period ends, and use attached reports to identify and resolve discrepancies through transaction-by-transaction checks.

Learn to migrate Ravi Textile Mills to MYOB AccountRight, set up balances for customers, suppliers, and inventory, and apply a bill of materials to convert raw materials into finished goods.

Set up a manufacturing company in MYOB by creating Ravi Textiles, selecting a chart of accounts, defining the financial year 2020 and conversion month, and accessing the command center dashboard.

Set up opening balances for ledgers in MYOB AccountRight, including bank, cash, debtors and control accounts, inventory, depreciation, and equity.

Enter customers and their balances in two steps: add customers and vendors, then record opening balances; set GST free as default tax code for future customers.

Enter suppliers in MYOB AccountRight, set GST free by default, and input their opening balances for Wahid and Sons and Sitara Textualists, then verify each balance for accuracy.

Learn how to enter raw material opening balances in MYOB, including item setup, inventory asset accounts, GST settings, unit costs, and reconciling with the trial balance.

Configure finished goods by defining a one-unit bill of materials recipe, linking raw materials to shirts and pants, and setting sales and cost of sales.

Learn to record a purchase order in MYOB AccountRight, including setting the order template, selecting a supplier, entering date, quantity, price, and confirming the total and tax code before recording.

Extract entered transactions by viewing financial-impact records in the transaction journals and non-financial records in budgetary areas. Change the period to locate records, then reopen entries, apply corrections, and save.

Learn how to convert a purchase order to a purchase invoice in MYOB AccountRight, adjust quantities for a partial receipt, enter invoice details, and review open bills in supplier records.

Learn to book direct purchase invoices in MYOB AccountRight by creating a new bill for textiles, selecting items, recording the supplier invoice number, and reviewing the journal entry.

Enter a sales order for finished goods to be delivered later in MYOB AccountRight, even with no stock, and record customer, items, quantities, and prices.

Learn how to transfer funds from bank to petty cash in MYOB AccountRight, record a 25,000 debit to petty cash and a credit to bank, and review the journal entry.

Learn to receive cash payments against customer invoices in MYOB AccountRight, selecting customers, applying partial payments to open or pending bills, and recording the transaction with a cash journal entry.

Learn how to enable multiple currencies in MYOB via the easy setup assistant and set a new default currency, including updating currency name, symbol, and decimal settings.

Learn to record direct service purchases in MYOB AccountRight by creating a service invoice with the service template and coding to cost of goods sold for services.

Master recording cash purchases of services in MYOB AccountRight, including creating cash vendors, documenting service batches, and handling two-step journal entries from cash in hand to trade creditors.

Record cash from a customer as an advance against a sales order and treat it as a customer deposit liability; link the order and receipt to verify the advance.

Record a motor vehicles asset purchased by bank payment in the spend money section, debit motor vehicles at cost for 50,000 and credit MCP bank, then check the transaction journal.

Learn how to convert raw materials into finished goods in MYOB AccountRight by assembling inventories, adjusting on-hand quantities, recording transactions, and reviewing the transaction journal.

Learn to settle a pending invoice by converting the receivable to bad debts, applying a credit note against the open invoice, and creating required budget and expense accounts.

Convert a sales order to an invoice in the sales module, choosing full or partial conversion, adjust dates, and reflect the advance as a balance due in the journal.

Learn to enter a direct sales invoice in MYOB AccountRight, including a 500-unit sale at 400 and journal entries for receivables, sales, cost of goods sold, and finished goods.

Convert pending sales order to a sales invoice in MYOB AccountRight, adjust quantities and date, then review the transaction journal with receivables, sales, cost of goods sold, and finished goods.

Learn to receive payments against customer invoices, record cash in hand, select cash as the payment method, and settle invoices fully or partially while reviewing the transaction journal.

Record a vendor payment in MYOB AccountRight by selecting the supplier, entering the check details, and posting the disbursement; verify period and liabilities reflect the paid invoices.

Demonstrate purchasing a fixed asset by cash using the spend money option, recording office equipment at cost with cash in hand credited and a corresponding journal entry.

Learn how a loan payment partial settlement is recorded: a cash payment reduces a 500,000 SBA loan liability by 250,000, with entries made in spend money and the transaction journal.

Learn to process a purchase return in MYOB AccountRight by creating returns and debits, applying them to the correct supplier invoices, and reviewing the transaction journal.

Record cash purchases of CGS services in MYOB AccountRight by using banking spend money, assign the cost of goods/services, debit COGS and credit cash in hand.

Record director cash withdrawals as capital drawings in MYOB, via journal entry or spend money. Transaction journal shows a debit to capital drawings and a credit to cash on hand.

Record a loss of 500 damaged shirts as shrinkage and spoilage expense in Milby, using a negative quantity and the loss of inventory account, and verify the journal entry.

Record month-end accrued expenses by transferring electricity, rent, salaries and wages, and telephone bills into accrued expenses, recording a journal entry with debits to expenses and credit to bills payable.

Review closing reports for profit and loss provisions and balance sheet, verify accuracy with the trial balance and general ledger, and reconcile discrepancies to close accounts.