MYOB Online Course | Learning Cloud Australia

TARGET AUDIENCE
This course is intended for people who need to know how to use MYOB Basics and Payroll.

LEARNING OUTCOMES
The skills and knowledge covered in this course are sufficient to help you set up and use a Set of
Accounts, using MYOB for day-to-day transactions

MYOB Overview and Orientation

Getting into MYOB and understanding the Screen
The Command Centre
Finding Transactions
Using the Registers
Displaying a Balance Sheet
Displaying a Profit and Loss
Making sure your data is safe
Using Clearwater accounts to navigate and
familiarise with MYOB screens
Exiting MYOB

Creating a new Company file

Information needed before setting up a new file
Creating a new company file
Selecting an accounts list
Running through the setup wizard
Exiting with a backup
Opening your new company file

The Chart of Accounts

Understanding the meaning of a Chart of Accounts
Analysing the various account groups
Understanding some basic bookkeeping
terminology
Creating new accounts
Editing and deleting existing accounts
Understanding and creating Header and Detail
Accounts
Viewing and changing linked accounts
Changing default credit terms
Checking the Tax Codes
Preparing for Electronic Banking

Opening Balances

Understanding Balance Sheet accounts
Understanding Profit and Loss Accounts
Accounts names and numbers
The Trial balance
Entering Opening Balances

The Card file

Entering new customers and selling details
Entering new suppliers and buying details
Entering new customers + suppliers with Easy Add
Entering customer and supplier opening balances

Working with the Purchases module

Understanding the life-cycle of a purchase
Entering suppliers invoices
Viewing your invoices through the Purchases
Register
Entering a Purchase Order
Emailing Purchase Orders
Converting a Purchase Order to an invoice when
goods are received
Creating and using a Recurring Purchase invoice or
order
Entering Quotes from Suppliers
Converting a Quote to an Order

Paying for Purchases

Seeing your Payables
Locating due dates for payments
Locating a specific order or bill
Making payment to suppliers using Pay Bills
Checking these payments through the Bank
Register

Working with the Sales module

Understanding the life-cycle of a sale
Entering Customers Invoices
Working with different tax types
Entering Freight and Comments
Viewing your invoices through the Sales Register
Changing Credit Terms
Accepting Deposits
Printing or Emailing Invoices
Creating a Cash Customer
Entering a Cash Sale and printing the receipt
Entering a Sales Quote
Creating and using a Recurring Sales invoice or
Quote
Changing a quote to an invoice

Reports

Selecting a report
Printing a report
Simple customisation
Saving a report

Receiving Payments from your

Customers
Receivables
Receiving payments from Customers through
Receive payments
Selecting a payment method
Applying the payment Applying payments to
multiple invoices
Understanding bank deposits
Nominating transactions to deposit
Creating a bank deposit slip
Checking these receipts through the Bank Register
Statements
Creating an Activity Statement
Understanding the Sales Analysis
Viewing Sales Performance

The Banking Module

Viewing all current transactions on the Bank
Register
Understanding the use of Spend and Receive
Money
Using Spend Money
Using Receive Money
Creating and using Recurring transactions in the
Banking Module

Bank Reconciliations

Understanding the Bank Statement
Starting the Bank Reconciliation
Creating an ITS Tax Code for Interest earned
Entering Bank Interest and fees
Printing and understanding the Reconciliation
Report
Completing the Reconciliation

Backups

Understanding Backup and Restore
Performing a backup
Performing a Restore

MYOB Payroll
TARGET AUDIENCE
This online course is intended for people who wish to use the MYOB Payroll facility to create pays.

LEARNING OUTCOMES
By the end of this Course students will be able to setup employees for the payroll, conduct
pay runs and fulfil payroll obligations

Setting up Payroll

What does payroll do?
Setting up a company file
Understanding payroll categories
Creating a new deduction
Creating new Payroll
Withholding Accounts
Linking accounts

Employee’s Cards

Getting to know employee payroll
details
Creating an Employee card
Entering Payroll details for salaried
employees
Entering Payroll details for
Hourly Employees
Entering Payroll History
Employee Banking Details
Splitting Electronic Payments

Conducting a Pay Run

Conducting a pay run overview
Setting up Bank Details for Electronic
Payments
Preparing Electronic Payments
Paying Hourly Employees
Paying Salaried employees
Printing Pay slips
Running a Summary Report

Entitlements

Overview of Entitlements
Modifying Existing Entitlements
Creating extra sick and holiday pay
entitlements
Applying Entitlements
Entering Carry Overs
Entitlements for Hourly Employees
Entitlements for Salaried Employees
Reviewing Entitlements
Running Entitlement Reports

Time Sheets

Overview of Timesheets
Activating the Timesheet Facility in
MYOB
Preparing Employee Cards for
Timesheets
Entering Data into Timesheets
Conducting a Pay Run using Timesheets
Creating Subsequent Timesheets
Running Timesheet Reports

Payroll Information

Overview of Payroll Information
Analysing Employee Pays
Payroll Categories
Payroll Summary Reports

Payroll Obligations

Overview of Payroll obligations
Checking Payroll Liabilities
Paying the PAYG withholding
Paying Deductions
Paying Superannuation Guarantee
Contributions
Reviewing Liability Payments
Payroll End of Year Obligations
Creating Payment Summaries
Starting a New Year
If you would like more information about this, please request your free course information pack.

You might also be interested in our additional MYOB Courses. You can bundle all three training packages and save. Ask us how?

Finance options

If you are an Australian citizen you may be eligible to receive financial support, meaning you can defer payment of your course fees. Additionally, if you are an Australian resident you may also be eligible to receive Abstudy/Austudy or Youth Allowance.

Student support

We live in a society where the pressures of daily living are high with financial expenses, personal and work commitments, and mortgage and rental obligations. Then there are the unexpected life challenges that also get thrown our way. With this in mind the thought of taking on study can be daunting for most people. Here at Learning Cloud we understand that life doesn’t run in a straight line it has many ups and downs.

As an enrolled student at Learning Cloud, you are entitled to access a variety of non-academic support services from the Student Services Unit. These supports are designed to walk beside you throughout your studies they will assist you in life’s ups and downs to provide you the best opportunity to successfully complete your chosen course.

STUDENT SERVICES PROGRAMS INCLUDE:

Careers Counselling Service
General Counselling Service
Disability Liaison Service
Retention & Engagement Service
Student Activities
Accommodation
Disabled Australian Apprentice Wage Subsidy (DAAWS)
E Counselling
Your-Tutor
Parent support
Reasonable Adjustment Plan (RAP)

Call our student support today on 1300 650 569 or Email Faculty

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

How will this course advance my career?

Learning Cloud programs have been developed in response to industry demand and are specifically designed to equip graduates with work-ready skills. Each participant will be trained and assessed in theory and in practical tasks and Real-world exercises are used throughout the program.

Studies prove, time and again, that college-educated workers earn more than those with only a high school qualification. College graduates often enjoy additional benefits, including greater job opportunities and promotions. Though the proof for greater earning potential exists, some might wonder whether the cost of the education warrants the overall expense in the long run.

College Graduate vs. Non-Graduate Earnings

The National Centre for Education Statistics (NCES) analyses employee earnings data biennially, according to education level. Findings indicate that workers with a qualification earn significantly more than those without. Since the mid-1980s, education has played a large part in potential wages, with bachelor's degree holders taking home an average of 66% more than those with only a high school diploma do. While college-educated workers' wages have increased over the past two decades, those with only a high school education have seen decreases in annual salaries in the same time period (nces.ed.gov).

How else will I benefit from studying with Learning Cloud?

Studying online or distance means you can study where you want and at your own pace.
Receive career-focused training with practical, hands-on learning.
All course materials are provided and all digital platforms are interactive, work on any device and designed to be fun.
Recognition of Prior Learning or Skills Recognition may be available for previous work experience, formal training or qualifications in this field.

Online MYOB Course