Centre for Continuing Education

MYOB AccountRight Course

MYOB. Have an easier business life with MYOB.

COVID-19 update: arrangement of our courses

We are now delivering courses both online and in-person. Please check the delivery format for each class before you enrol.

Please note that course materials for all classes (excluding prescribed textbooks) are shared electronically within 48 hours of a course starting. Printing is not available.


This MYOB (‘Mind Your Own Business’) AccountRight course will provide you with facilitator-led, guided instruction through the introductory steps for using MYOB, with a small class size. It will help you better manage your accounting, taxes and bookkeeping.

The course commences with basic book-keeping and accounting principles, and how these principles are captured in MYOB. You will then be taught how to apply MYOB software to a range of everyday financial transactions. This will include setting up a chart of accounts, recording daily transactions, performing bank reconciliations and preparing financial reports.

You will be guided through the current MYOB Cloud Accounting software (AccountRight) and how it evolved from earlier MYOB versions.

Aims

The aims of this course are to develop the following skills using MYOB software:

  • How to commence with MYOB AccountRight software
  • Creating a new company file
  • Creating a Card File
  • Setting up a Chart Of Accounts
  • Entering Opening Balances and Historical Data
  • Setting up and preparing the following book-keeping requirements
    • Inventory
    • Purchasing
    • Selling, including Invoicing
    • Accounts Receivable
    • Accounts Payable
    • Bank reconciliations
  • Dealing with GST and Business Activity Statements
  • Preparing accounting reports

Outcomes

By the end of this course, you should be able to:

  • understand how MYOB AccountRight is set up
  • prepare inventory records
  • enter sales transaction data and receipts
  • enter purchase items and payments
  • reconcile AccountRight data against company bank statements
  • work with the reporting system in AccountRight
  • understand how AccountRight works with the GST
  • complete a Business Activity Statement (BAS)
  • use the MYOB Community Board.

Content

Getting started with MYOB

  • MYOB’s Main Command Centre screen
  • Creating Your MYOB Data File
  • Preparing a Chart of Accounts in MYOB

Basic book-keeping principles in MYOB

  • Entering Opening Balances in MYOB
  • Preparing a transaction Journal
  • Importing Transactions in MYOB
  • Entering Cash Transactions in MYOB
  • Creating Bank Feeds
  • Performing Bank Reconciliations
    • Reconcile automatically by downloading bank statements
    • Reconcile manually using the bank statement

Sales

  • MYOB Sales Command Centre screen
  • Developing a MYOB Sales register
  • Preparing customer lists in sales
  • Customising Invoices in MYOB
  • Processing quotes, orders and invoices
  • Entering a service invoice, including time-billing
  • Entering items, changing item information, changing invoice payment terms
  • Recording a cash sale
  • Credits, Bad Debts and Reversals
  • Analysing sales

Accounts Receivable

  • Debtors Opening Balances in MYOB
  • Receive payments, part-payments and over-payments for an invoice

Purchases

  • MYOB Purchases Command Centre screen
  • Developing a MYOB Purchases register
  • Preparing custom lists for suppliers in purchases
  • Creating a purchase order
  • Converting purchase order to an invoice
  • Create an item credit, settling credits

Accounts Payable

  • Creditors Opening Balances in MYOB
  • Make payments using the Pay Bills window
  • Analyse payables

Inventory

  • Creating an inventory item
  • Inventory Opening Balances
  • Inventory Management

Capital purchases

  • Purchasing a Capital Item

Tax, GST and BAS

  • Default Tax Codes in MYOB and determining which tax codes you need for your business
  • Transactions with GST in MYOB
  • Preparing the BAS in MYOB

Other tools in MYOB

  • Set preferences
  • Keyboard shortcuts
  • Understand linked accounts
  • Export Data Backups
  • Reports in MYOB
  • End of period balancing and reporting

Intended audience

Designed for anyone wanting to learn how to use MYOB to enter daily financial transactions and manage accounting records for a small to medium business.

Positions that could benefit from this course include:

  • Bookkeeper
  • Accountant
  • Office Administrator
  • Financial Controller
  • Finance Officer
  • Accounts Administrator
  • Sales or Purchasing Officer
  • Small business owners
  • Employers who would like to improve their Bookkeeping skills

Prerequisites

Basic computer skills are required.

Suitable for all skill levels, as it covers bookkeeping and MYOB from first principles. However, this course will be more beneficial if you have a basic understanding of bookkeeping principals.

Delivery style

The development of MYOB skills will be supported by examples and worked exercises. This one-day course uses real business data throughout the course so that you learn the entire bookkeeping, accounting and MYOB process through actual business examples.

Delivery options

  • Presenter-taught training on your own device, on University premises.
  • Online training via the platform Zoom.

Face-to-face classes

You are required to bring your own device. Please ensure your device is fully charged as access to power is limited. Please note that the University does not carry any responsibility for your lost, stolen, or damaged devices whilst on the University premises.

Online classes

If you are attending an online class, you will need your own device.

Materials

You will be provided with a link to download and access course materials prior to class.

Before the course

Please ensure MYOB AccountRight is installed on your device before class. A 30 day free trial can be downloaded from MYOB.

Features

  • $50 repeat class - Conditions apply
  • Expert trainer
  • Small class size
  • CCE Statement of Completion

Apply for the IT repeat discount.

What others say.

  • Our tutor really knew the stuff and the teaching methods were exceptional and accommodated everyone. Very patient with a great personality to boot. Would recommend any of these courses to anybody.

  • It was an extremely valuable MYOB course with a perfect tutor going at a pace that all capabilities could master over the two days. The tutor was extremely knowledgeable in the field and gave us all the confidence to go out into the workforce and use MYOB. Thank you!

  • Such a great instructor! Ready to use MYOB now :)

  • This course has an excellent teacher who was mindful of the varying levels of accounting knowledge of the students, and took us all under his wings with humour.

  • I attended a Sydney University course for the first time. I was very satisfied with this training and my experience with MYOB AccountRight was exceptional. A special thank you to the tutor who was very analytical and patient. I will highly recommend Sydney University courses to my friends. The venue was very modern and the services excellent.

  • An amazing teacher. I wouldn’t think twice about taking up the MYOB Payroll course with this tutor.

  • The tutor had a thorough understanding of both MYOB & accounting principles and was able to translate the theory into a practical context by drawing on personal experience in this field.

  • The level of the professionalism and teaching methods are impressive. The tutor has a lovely personality as well. I definitely would like to be a student of theirs again.

  • To get a basic grasp on how MYOB works, this was great. The venue and facilities were perfect, the tutor well learned and able to get their message across well, and the content was appropriate.

MYOB AccountRight Course

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What others say.

  • Our tutor really knew the stuff and the teaching methods were exceptional and accommodated everyone. Very patient with a great personality to boot. Would recommend any of these courses to anybody.
  • It was an extremely valuable MYOB course with a perfect tutor going at a pace that all capabilities could master over the two days. The tutor was extremely knowledgeable in the field and gave us all the confidence to go out into the workforce and use MYOB. Thank you!
  • To get a basic grasp on how MYOB works, this was great. The venue and facilities were perfect, the tutor well learned and able to get their message across well, and the content was appropriate.
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