MYOB AccountRight Introduction Online Version

MYOB AccountRight Introduction Online Version

Course Code MYON102
Qualification Short Course
Payment Options Upfront & Payment Plans
Delivery Online

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
  • 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


  • 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


  • Understanding Backup and Restore
  • Performing a backup
  • Performing a Restore
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.


  • 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

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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 (

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.