MYOB Accounting Software Training

Create a new MYOB company file, enter a unique registration and serial number, set the financial year, and customize company details in the command center to start initial transactions.

Learn to activate a MYOB company file online or by phone using a serial number, with 24/7 support for confirmation, and explore a trial version available for 22 days.

Learn to set up or change your company password in MYOB accounting software, follow the on-screen steps, ensure the password is recorded, and be ready to use the system.

Set up and customize MYOB preferences for your company, including system options, currencies, data entry, and key security controls over transactions, billing, and trial tracking.

Explore preferences in MYOB accounting software, such as displaying account names instead of numbers in sales entries. Adjust security and transaction settings to tailor the system to your business needs.

Master the top tab command center in MYOB by creating and managing a company, importing and exporting, navigating lists (customers, items, categories, locations), editing transactions, and configuring system preferences.

Explore the main command centre in MYOB accounting, cover types of MYOB, banking and sales transactions, registers, receive payments, billing, transfers of money, and item-based entries.

Navigate the bottom tab command centre to generate transaction reports, analyze cash flows, receivables, payables, and inventory, and review profit and loss and balance sheet insights.

Learn to set up accounts, assign a five-digit unique number, classify accounts by location, create a bank account with a common name, and enter the opening balance.

Enter opening balances from the trial balance, balance sheet, or profit and loss to set up your company balances, ensuring credits equal debits.

Learn to record a journal entry in MYOB, including entering the memo, debiting depreciation expense, crediting accounts, and reviewing opening balances.

Set up a petty cash account and transfer money from your bank to the petty cash account to cover miscellaneous expenses.

Create a new card file for a customer, supplier, or employee in MYOB accounting software. Select individual or company status, and enter contact details, payment preferences, and linked sales information.

Master how to record spend money transactions in MYOB, including transfers to petty cash, handling tax-inclusive and non-taxable items, and controlling payments for purchases.

Record receive money transactions in MYOB, distinguishing them from receive payment against invoices. Allocate funds to undeposited funds or a bank account, selecting customer and noting taxability in the memo.

Learn how to manage petty cash by creating a petty cash account, and transferring money from bank to petty cash for miscellaneous expenses, using the transfer money function.

Learn to use the petty cash account to record spend money transactions, transfer funds from bank to petty cash, and enter amounts for office supplies and meals.

Master bank register in MYOB accounting software by tracking and checking transactions, recording spend money and received money, and applying GST or tax settings.

Perform bank reconciliation using reconciler calls, select the account, and enter the new statement balance. Compare it with the bank statement to identify discrepancies and adjust accordingly.

Master paying off credit card bills in MYOB by selecting the bank account, processing the credit card payment, and recording the monthly transaction.

Learn to use MYOB's bank deposit to move funds from a temporary holding to the bank, recording supplier payments, customer receipts, and bank charges.

Learn to create a sales quotation in MYOB by selecting a customer, entering item descriptions and amounts, applying tax options, and generating a quotation with a running number.

Learn to convert a quotation into an order by changing the quote to an order in the system, and create an order form from scratch with customer and invoice options.

Learn to convert orders into invoices in MYOB, creating from scratch or from an open invoice, selecting a customer, generating the proof of invoice number, and making amendments as needed.

Learn how to receive a customer deposit for sales in the sales command center, select the customer, apply the deposit to open invoices, and view receipts and journal entries.

Learn to record customer payments in MYOB, handle full and overpayments, apply credits to open receivables, issue refunds or credits, and close invoices.

Learn to set and change a customer credit limit, view available credit, and enable warnings to prevent sales unless overridden.

Identify non-recoverable receivables in MYOB and record them as a bad debt expense. Allocate the amount against the customer invoice using a negative sign and reference the invoice number.

Learn to manage a customer who is also a supplier by creating a temporary contra suspense bank account to offset receivables and payables, and reconcile transactions to zero.

Enter purchases as a quote in MYOB, select the supplier, add items like office supplies, mark non-taxable, enter ship via and comments, then save in the quote register.

Learn to convert a quotation into an order in MYOB by using the command center and register, handling amendments, and creating orders from scratch.

Learn how to convert orders to bills in MYOB accounting, using the change to option, enter supplier and chase details, and review open bills during the conversion.

Learn to close an open bill in MYOB accounting software, adjust amounts, and record payments to suppliers, including credit card payments, to ensure accurate supplier reconciliations.

Learn to create a purchase order from the sales command center by selecting an order, choosing a supplier and items, and reviewing the purchase order in the orders register.

Learn to set up international transactions in MYOB by enabling multiple currencies, selecting currencies, configuring exchange rates, creating foreign currency accounts and related banks and accounts payable.

Set up international transactions part 2 by configuring currency preferences, creating customers in USD, and linking currency, exchange rates, and receivables to USD bank accounts.

Learn how to enter purchases in foreign currencies in MYOB, including identifying foreign suppliers, adjusting rates, and recording invoices to reflect USD amounts.

Learn to receive money in multiple currencies by using the banking center, set the currency to USD, adjust exchange rates, and track multi-currency transactions in MYOB.

Learn how to enter currencies for sales in MYOB, including setting the USD currency sign, selecting the customer, and amending the transaction exchange rate.

Learn how to spend money for multiple currencies in MYOB by selecting the USD account at the banking command center, setting the transaction exchange rate, and recording supplier payments.

Create a new item in the inventory tab by clicking new, entering the item name and number, setting cost and selling price, GST, and stock location.

Learn how to purchase an item in MYOB by selecting the item, entering the supplier, creating or quoting an order, and processing price, discounts, and supplier invoices.

Convert the purchase order to an invoice, receive items from the supplier, and pay the bill, updating the inventory and supplier balance in MYOB.

Create storage locations in the inventory command center, manage active and inactive locations, and set whether items can be shipped from a location to store stock quantities.

Learn to set item prices in MYOB by viewing current price, last cost, and average cost, and see how changing the selling price affects items like PVC casing.

Learn to count inventory by location, perform physical counts, compare with on-hand records, and make adjustments for discrepancies and spoilage in MYOB accounting software.

Learn to adjust inventory in MYOB by using the entry center to change on-hand quantities, update total item value, and reflect unit cost and average cost changes across locations.