MYOB Bookkeeping Software

Learn how to use this accounting software.
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  • Lectures 43
  • Length 2.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 9/2014 English

Course Description

MYOB Computerised Accounts course is about how to use MYOB based on the most popular functions which you as a MYOB operator needs to know how to use, in order to be proficient in using the software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You'll learn how to set up the MYOB system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use MYOB for yourself.

You will need to have access to a copy of MYOB.

The course materials includes the handout of the assignment task.

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.

The course will take about 3-4 hours to complete.

What are the requirements?

  • You will need access to MYOB
  • You'll need an interest in accounts

What am I going to get from this course?

  • By the end of the course you will be able to complete various common functions using MYOB software
  • In this course, you will learn how to:
  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports

Who is the target audience?

  • Bookkeepers and Accountants who will be using this for their clients
  • Students who are going for jobs where the requirement is working knowledge of MYOB
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Getting Prepared - Access the software and course materials
Introduction to the course and your tutor

Section 2: Getting Started

Set up the system.


Download and print off the course materials, and then install MYOB and you'll be ready to begin!

Note, you will need the latest edition of Google Chrome to run the MYOB online version. This is free, and they will prompt you to download and install it, if necessary.

Creating company file
Section 3: Setting Up The System
Familiarise yourself with the Chart of Accounts
Check the chart of accounts

Enter opening balances.


Opening balance report.


Reverse journals.


Report journals.

Section 4: Nominal Ledger

Amend the nominal ledger.


Report the nominal ledgers.

Section 5: Customers

Add new customers.


Report customer information.

Section 6: Suppliers

Enter suppliers.


Report supplier info.

Section 7: Sales Ledger

Post customer invoices.

Input sales invoices

Post credit notes to the sales ledger.


Report showing customer activity.

Section 8: Purchases Ledger

Post supplier invoices.


Create supplier credit notes.


Supplier account activity report.

Section 9: Sundry Payments

Post cheques.


Report on supplier payments.

Section 10: Sundry Receipts

Enter customer receipts.

Apply a customer credit note to a customers account

Report showing customer receipts.

Section 11: Petty Cash

Post petty cash transactions.


Report petty cash transactions.


Post cash payments to ledgers.


Report on cash payments.


Post sundry payments.


Report bank payments.

Section 12: VAT - Value Added Tax

Prepare the VAT Return.

Section 13: Bank Reconciliation

Reconcile the bank.

Section 14: Payroll / Wages

Post the wages journal.


Report for wages journal.

Section 15: Reports

Enter month end journals.




Produce profit and loss account, balance sheet and trial balance reports

Section 16: Concluding lecture
Next steps

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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

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