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MYOB (Beginner)

Course Dates:

26 Jun 2018
19 Jul 2018
2 Aug 2018
20 Sep 2018
18 Oct 2018

Course Specifications

Course length : 1.0 day

Time : 9am to 5pm (Lunch Break: 1 hour)

Course Fee : S$185.00

Course Description

 The most popular accounting software course - MYOB training

Course Objective

 By the end of this workshop, participants will be able to:
  • Use MYOB computerised accounting software to perform day-to-day accounts
  • Understand the basics and need for Accounting
  • Understand the glossary of accounting terms
  • Explain and understand the concept of double-entry (debits and credits) and what is meant by ‘books must be balanced’
  • Understand what are financial statements
  • Relationship between all accounts and the financial statements (how and which category do they fall into)
  • Understand AR and AP

Target Audience

Non-Accounting graduates who would like to be able to keep and manage a full set of accounts.
 
Accounts and Admin Assistants/Executives, Bookkeepers, Accountancy students and anyone who has an interest in Accounts.

Prerequisites

 Basic Principles of Accounts or 2 years of working experience in office administration.

Methodologies

Hands on and real life scenarios and documents

Course Content

Topic 1: Computerised/Automated Accounting
  • Difference between manual and computerised accounting
  • Working in a computerised accounting environment
  • Filing and proper record keeping
Topic 2: History and the necessity of bookkeeping
  • Origin and brief background of bookkeeping
  • Difference between financial accounting and management accounting
  • Why and necessity of bookkeeping
Topic 3: Getting Started With MYOB
  • How to start up MYOB and set up a new data file
  • Overview of the modules in MYOB
Topic 4: Setting Up Chart of Accounts
  • Management of Accounts List, Accounts classification & types
  • How the accounts are arranged, prefix and classification
  • Delete, create and edit an account
  • What is linked account
Topic 5: Setting Up Card File
  • Cards List
  • Create a New Card and explain all the 7 tabs in the Card Information
  • Custom Lists and Field Names
  • View Contact Log in To Do List
  • Print Mailing Labels
  • Create Personalised Letters
Topic 6: Opening Balances
  • Enter Account Opening Balances
  • Enter Supplier & Customer Balances
  • Initial Bank Reconciliation
Topic 7: Managing Purchases
  • Introduction to the Purchases Register
  • Record Purchase Order
  • Convert Purchase Order to Bill
  • Creating a Backorder
  • Pay Bills
  • Recording and Settling Credit
 Topic 8: Managing Sales
  • Introduction to the Sales Register
  • Record Quote
  • Convert Quote to Sales Invoice
  • Customer Payments
  • Recording and Settling Credit Notes
  • Print Or Email Sales Invoices and Print Receipts
  • Print Or Email Statements
 Topic 9: Accounts Receivables & Accounts Payable
  • Understanding how Accounts Receivables work and relates to General Ledger
  • Understanding how Accounts Payables work and relates to General Ledger
  • Understanding the importance of bank reconciliation
  • Performing AR and AP reconciliations
Topic 10: Banking
  • Introduction to the Bank Register
  • How to Record Income or Expenses not related to Sales or Purchases
  • Monthly Bank Reconciliation
Topic 11: Reports
  • Generate GST Reports
  • Accounting Reports
  • Sales & Purchases Reports
Topic 12: Customizing forms
  • Customise sales invoices, PO, etc.
 Topic 13: Preferences and User ID setup
  • User ID setup
  • User Preference configuration

 

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