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MYOB - End of Period Reporting and Reconciliation

 

COURSE INTRODUCTION:-

This course is designed to help you reconcile your MYOB company file and prepare for regular periodic reporting and end-of-year reporting, including your GST Return using MYOB Accounting Software. You will learn how to reconcile your accounts including GST Control Accounts, locate and fix imbalances within the company file, prepare reports for your accountant, enter end-of-year adjustments and start new financial years.

OF INTEREST TO:-

Persons wishing to use Reporting and  Reconciliation in MYOB Software

COURSE AIM:-

To give persons an overall working knowledge of the MYOB Reporting and Reconciliation functions using MYOB Software.

COURSE CONTENT:-

1: Setting up company file for GST.

Overview & GST terms. GST inclusive or exclusive. Assigning GST codes. Checklist for entering transactions.

2: End-of-Period

End-of-period & financial-year checklists. Using Company Data Auditor.

3: Bank Reconciliation

Bank Reconciliation Overview.

    Option A: Manually Reconciling using the bank statement

    Option B: Automatic Reconciling. Fixing out-of-balances

4: Reconciling Accounts Receivable

Overview. Reconcile accounts receivable. Causes of out-of-balance amounts. Correcting out-of-balance amounts.

5: Reconciling Accounts Payable

Purchases Overview. Linked accounts. Affected accounts when entering purchases. Reconcile accounts payable. Transaction Review in Company Data Auditor. Cause of out-of-balance amount.

6: Reconciling Inventory

Reconciliation Overview. Linked accounts. Affected buying accounts . Affected selling accounts. Reconcile Inventory. Correcting of out-of-balance amount.

7: Reconciling GST

GST - related reports. Reconcile GST information. GST Sales & Purchases variance. Invoice & Cash exceptions. Reconcile Information. Review Audit Trail.

8: Simplifying GST reporting

GST Overview. Completing the GST return. Paying GST.

9: Reports

Overview. Customisation & filtering. Saving in diff formats. Viewing in Excel. Reports that do NOT export formulas. Formatting & saving custom reports. Report Batches.

10: Reviewing and providing data to accountant

Overview. The Company Data Auditor. Sending info to accountant. Locking previous financial year. Adjustments.

11: Starting a new financial year

End-of-year overview. Start a new financial year. Optimise.

12: Appendices

A: Using Hot Keys. B: Backing Up Files. C: Budgets.

 COURSE NOTES:

On completion of this course you will be able to use the Company Data Auditor, Find & fix reconciling imbalances. Reconcile accounts receivable, payable & inventory. Reconcile GST control accounts. Complete GST returns. Review financial reports. Customise reports. Send reports to MS-Excel. Prepare report batches. Provide information to the accountant. Start a new financial year.

Course material is provided as an
ongoing reference.

A certificate is issued upon the student’s completion of the course and on attaining a pass mark of 80% or higher for the final assessment.

 Courses Start every Monday

We are open weekdays, one evening and Saturday mornings.

Flexi-Time Self-Paced, Pick-'n-Mix Training. Our Exclusive System allows you to learn at your own pace within your own flexible, time commitments. There is no need to keep pace with other students

Set your own schedule; You can create a schedule that lets you accommodate your job, your family and other time commitments.

Financial arrangements available or use our Time Payment Plan.

WINZ  funding may be available  - conditions apply.

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