What you'll learn

Create your company file
Set up and use a charts of accounts
Reconcile accounts and bank statments
Receive money from customers
Generate reports
Post Petty Cash transactions
Create customer and supplier card file
Handle customer who is also your supplier

Course content

10 sections • 48 lectures • 2h 37m total length

Lecture 1: Knowing us better5:11
Learn how MYOB accounting software handles multi-currency banking, invoicing, cash flow management, opening balances, and financial statements, with guidance on initial public offering support and tax filing.

Lecture 2.1: Creating a MYOB Company File6:31
Lecture 2.2: Activate Company File2:21
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.
Lecture 2.3: Setting up password0:58
Lecture 2.4: Setting up Preferences1:56
Lecture 2.5: Basic preferences which you may prefer2:51

Lecture 6.1: Record Spend Money Transactions3:51
Lecture 6.2: Record Receive Money Transactions3:01
Lecture 6.3: Transferring Money into Petty Cash Account1:47
Lecture 6.4: Using Petty Cash Account to make Spend Money Transactions2:14
Lecture 6.5: Bank Register3:13
Lecture 6.6: Bank Reconcile5:38
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.
Lecture 6.7 Paying off your Credit Card Bills3:21
Lecture 6.8: Prepare Bank Deposit4:42
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.

Lecture 7.1: Create a Quotation3:36
Lecture 7.2: Convert Quote to Order3:22
Lecture 7.3: Convert Orders to Invoice4:06
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.
Lecture 7.4: Receive Customer's Deposit for Sales2:40
Lecture 7.5: Receive Full & Overpaid Payments4:26
Learn to record customer payments in MYOB, handle full and overpayments, apply credits to open receivables, issue refunds or credits, and close invoices.
Lecture 7.6: Credit Control4:06
Lecture 7.7: Accounting for Bad Debts4:47
Lecture 7.8: Dealing with Customer who is also a Supplier of yours5:28
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.

Lecture 9.1: Setting up International Transaction Part 16:15
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.
Lecture 9.2: Setting up International Transactions Part 23:10
Lecture 9.3: Entering Purchases in Different Currencies2:16
Lecture 9.4: Receive Money for Multiple Currency3:23
Lecture 9.5: Enter Multiple Currency for Sales2:07
Learn how to enter currencies for sales in MYOB, including setting the USD currency sign, selecting the customer, and amending the transaction exchange rate.
Lecture 9.6: Spend Money for Multiple Currency3:04

Lecture 10.1: Create an Item3:14
Lecture 10.2: Purchasing an Item2:11
Lecture 10.3: Receiving item and Paying off bill2:06
Lecture 10.4: Creating Storage Location2:17
Lecture 10.5: Set Item Prices1:42
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.
Lecture 10.6: Count Inventory Level3:00
Lecture 10.7: Adjusting Inventory5:16

Requirements

You should be able to use a PC at a beginner level
Simple basic accounting knowledge

Description

In this MYOB Accounting Software Training Course, Lau Jun Hong introduces you to the fundamental skills needed to perform the main accounting functions offered by the software. You will learn by watching Mr. Lau perform the operation he is instructing on, as he explains step by step how to use the functions in MYOB. This MYOB training not only gives you an insight into how MYOB works but is delivered in such a way that everyone who takes this course will have absolutely no problem in understanding all topics discussed.

By completing this training course, you'll learn to use MYOB to manage your business's finances. We will show you important features from how to create MYOB company file to handling accounts, sales, purchases and item records. Learn how to setup MYOB for the first time and learn how to generate reports, reconcile bank statements, setup inventory, receive payments, and much more.

Who this course is for:

Accountant, Junior Accountant, Tax, Business Owner

What you'll learn

Explore related topics

Course content

Section 1: Introduction Video1 lecture • 5min

Lecture 2: Setting up a new company file5 lectures • 15min

Lecture 3: Basic Introduction about MYOB Command Centres3 lectures • 9min

Lecture 4: Accounts Command Centre4 lectures • 10min

Lecture 5: Card File Command Centre1 lecture • 5min

Lecture 6: Banking Command Centre8 lectures • 28min

Lecture 7: Sales Command Centre8 lectures • 33min

Lecture 8: Purchases Command Centre5 lectures • 13min

Lecture 8: Making International Transaction6 lectures • 20min

Lecture 10: Inventory Command Centre7 lectures • 20min

Requirements

Description

Who this course is for: