MYOB AccountRight Beginner Certificate Training Courses

This MYOB Training Course includes

Daily Transactions

All of the transactions and tasks which office admin and junior bookkeepers perform on a daily basis to manage the operational and financial aspects of the business in MYOB. The purchases, sales, payment receipting and payments made are included but inventory management and reporting is also included for those students working in companies which not only provide services but combine them with products.

End of Month, Bank Recs and Journal Entries

A bank reconciliation is performed once all of the day-to-day transactions have been entered into your software (unless you’re doing what is called Rescue Work or Catchup Work). The purpose of this bank reconciliation is to ensure that your software data matches the information in the real world (ie. your bank account). In the MYOB Bank Reconciliation and Journal Entry Training Course we profile a small business startup. The business owner lends the company money for cashflow, buys a car that needs to be depreciated, spends money on advertising and marketing to build awareness, makes some small sales and pays themselves a wage on an ad-hoc basis depending on their bank balance.

These business include many trades and professional service organisations like:

  • Air conditioning
  • Plumbing
  • Building
  • Electricians
  • tilers
  • painters
  • audio visual
  • security and monitoring, and more

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MYOB Daily Transactions Training Course

Accounting Structure and Bank Accounts

  • Create New Accounts – Creating Your Chart of Accounts
  • Create New Accounts – Add Bank Account
  • Create New Accounts – Add Credit Card
  • Create New Accounts – Modifying Your Chart of Accounts

Customers & Suppliers (CRM)

  • Set Up Contacts – Add New Contact
  • Set Up Contacts – Edit Existing Contact
  • Set Up Contacts – Merge Duplicate Contacts
  • Set Up Contacts – Group Contacts

The Sales Dashboard: Quotes, Invoicing & Payments (Debtors)

  • Sales Dashboard – Create a Sales Invoice
  • Sales Dashboard – Navigating the Sales Dashboard
  • Sales Dashboard – Create a Draft Sales Invoice
  • Sales Dashboard – Email or Print Invoices
  • Sales Dashboard – Create a Branding Theme
  • Sales Dashboard – Create a Quote
  • Sales Dashboard – Accept and Create an Invoice for Quote
  • Sales Dashboard – Copy an Invoice
  • Sales Dashboard – Receive Customer Payment
  • Sales Dashboard – Receive Payment for Multiple Invoices
  • Sales Dashboard – Delete an Invoice
  • Sales Dashboard – Void an Invoice
  • Sales Dashboard – Void Invoice When Payment is Applied
  • Sales Dashboard – Overpayments
  • Sales Dashboard – Create and Allocate a Credit Note
  • Sales Dashboard – Statements

The Purchases Dashboard: Supplier Invoices and Payments, Purchase Orders and Remittances (Creditors)

  • Purchases Dashboard – Create a Supplier Invoice
  • Purchases Dashboard – Create a Supplier Payment
  • Purchases Dashboard – Create a Purchase Order
  • Purchases Dashboard – Print and Send a Purchase Order
  • Purchases Dashboard – Create a Bill from a Purchase Order
  • Purchases Dashboard – Internal Bank Transfers
  • Purchases Dashboard – Send a Remittance

Stock and Inventory

  • Creating Items
  • Purchasing inventory items
  • holding stock assets

Other Transactions

  • Other Transactions – Receive Money
  • Other Transactions – Prepayments
  • Other Transactions – Spend Money
  • Other Transactions – Transfer Money
  • Other Transactions – Process Contra Deal

Expense Claims

  • Expense Claims – Add, Edit and Delete Receipts
  • Expense Claims – Submit Claim for Approval
  • Expense Claims – Authorise an Expense Claim
  • Expense Claims – Pay an Expense Claim


  • Introduction to important reports
  • Connecting reports to the chart of accounts
  • Reports – Balance Sheets
  • Profit and Loss Statements

Bank Reconciliation & Journal Entries Training Course

Loans from the business to owners and directors requires it’s own compliance checks, but in this section of the course we’ll include the transactions and code you need to enter to keep a record of funds loaned to the business, The purpose of this workbook is to take students through common entries that occur on a one-off basis and that are not normally part of the quoting, invoicing and payment entries that occur in the Xero Daily Transactions Course. This course contains a bank statement where you’ll need to enter and code the transactions then run a bank reconciliation to discover that there are omissions and errors that you’ll need to fix – you’ll get to see what this looks like and then edit and enter the correct transactions and complete the reconciliation.

It is at this stage that you will enter:

  • Direct debits that come out of your account automatically
  • Interest charges or payments
  • Capital purchases and payments
  • Merchant and bank charges
  • Find duplicates or omissions
  • Correct existing data
  • Locate and correct amounts that are a couple of cents or dollars out because they’ve been entered incorrectly

Technically the bank reconciliation stage is also where most strict accountants, bookkeepers or accounts managers will demand to see evidence of your purchases in the form of a receipt or tax invoice.

Bank Reconciliation — Loan Account

  • Creating a loan account
  • Transferring loan funds
  • Transaction details and accounts payable
  • Setting up accounts payable
  • Linked accounts, and
  • Editing or deleting a transaction entry

Bank Reconciliation — Entering Transactions

  • Creating customer cards
  • Creating inventory items
  • Entering a sale and payment
  • Spending money
  • Receiving money from a clienT
  • Reconciling your cheque account to your bank statement

Bank Reconciliation – International Credit Card Payments

Often the service in overseas countries is cheaper or better or there simply isn’t an available comparative product in Australia so we pay for overseas services. When we do this we don’t pay GST and we incur credit card charges. You’ll learn how to manage

  • journal entries
  • GST and tax coding, and
  • reconciling

Handling Basic Payroll Transactions

If you are a small business you may pay yourself, your partners or even casual workers adhoc amounts each week or month. These transactions need to capture the right codes and also be included in your bank reconciliations. As long the correct amount of tax is paid and the employers’ obligations are met then the business owner is doing everything right. We’ll show you how some small companies manage these transactions.

Purchasing Assets – Company Vehicle

There will be times when larger equipment is purchased and it’s paid for from your operating cash flow. In this situation the asset isn’t written off as an immediate expense but depreciated every year for a certain number of years. You’ll learn how to code this type of transaction correctly.


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