MYOB AccountRight Introduction Online Version

MYOB Overview and Orientation

• Getting into MYOB
• The MYOB screen and Command Centre
• The Flow chart of activities
• Things to look out for Exiting MYOB

Creating a new Company file

• Creating a new company file
• Selecting an accounts list
• Running through the setup wizard
• Checking the company information
• Backup concepts
• Restoring a backup file
• Opening your new company file

The Chart of Accounts

• Double Entry Bookkeeping concepts
• Understanding the meaning of posting
• Understanding the meaning of a Chart of Accounts
• Analysing the various account groups
• Understanding some basic bookkeeping terminology
• GST concepts you need to know
• Creating new accounts
• Header and Detail accounts
• Modifying and deleting existing accounts
• Changing default credit terms

Opening Balances

• Analysing a Trial Balance Report
• The Trial balance
• Entering Opening Balances

The Card file

• Entering new customers and selling details
• Entering new suppliers and buying details
• Entering customer and supplier historical 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