MYOB ESSENTIALS

MYOB ESSENTIALS

Course Overview

This 20-hour MYOB Essentials course is designed to equip participants with the fundamental skills to manage their business finances using MYOB. Through practical exercises and real-world examples, students will learn how to set up MYOB, record transactions, manage accounts, generate reports, and utilize essential MYOB features.

Course Objectives

Upon completion of this course, participants will be able to:

  • Set up a new MYOB company file
  • Record various types of transactions (sales, purchases, expenses, etc.)
  • Manage customer and supplier information
  • Reconcile bank and credit card accounts
  • Create and customize invoices and quotes
  • Track inventory (if applicable)
  • Generate essential financial reports
  • Understand basic MYOB navigation and terminology

Course Syllabus

Module 1: MYOB Introduction and Setup (3 hours)

  • Understanding MYOB and its benefits
  • Choosing the right MYOB version
  • Setting up a new company file
  • Company information and preferences
  • Chart of accounts setup
  • Creating customers and suppliers

Module 2: Chart of Accounts and Banking (3 hours)

  • Understanding the chart of accounts
  • Creating and categorizing accounts
  • Setting up bank and credit card accounts
  • Linking bank accounts
  • Importing bank transactions
  • Reconciling bank and credit card accounts

Module 3: Sales and Invoicing (4 hours)

  • Creating and customizing invoices
  • Sales receipts and credit notes
  • Managing customers and sales tax
  • Using quotes and sales orders
  • Applying payments and recording receipts

Module 4: Purchases and Expenses (4 hours)

  • Recording bills and expenses
  • Paying bills and managing accounts payable
  • Tracking credit card expenses
  • Managing suppliers and purchase orders

Module 5: Inventory Management (2 hours)

  • Setting up inventory items
  • Tracking inventory levels
  • Recording inventory purchases and sales
  • Using inventory reports (if applicable)

Module 6: Financial Reports and Analysis (2 hours)

  • Understanding MYOB reports
  • Generating profit and loss statements
  • Creating balance sheets
  • Analyzing key financial indicators
  • Customizing reports

Module 7: Additional Features and Best Practices (2 hours)

  • Job costing and time billing (if applicable)
  • Using MYOB mobile app (if applicable)
  • Data backup and security
  • Troubleshooting common issues

Teaching Methodology

  • Lectures and demonstrations
  • Hands-on exercises
  • Case studies and real-world examples
  • Q&A sessions

Assessment

  • Assignments and quizzes
  • Final project (creating a sample company file and generating reports)

Total Fees: 20,000/=
Total Duration: 20 Hours (2 hours  x  10 Classes)
Training Mode: Individual Training, your own timetable

Live Online Classes  or Face to Face Direct Classes with our expert trainers.
Call +94 (0) 722000999 / +94 (0) 755123111 www.iss.lk. Medium : සිංහල / தமிழ் / English