MYOB AccountRight Introduction Online Version

MYOB AccountRight Introduction Online Version

Course Code
Payment Options
Upfront & Payment Plans

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
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