Bookkeeping Institute of Australia Course Details

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BI-634 Ready to Go with MYOB Accounting (with GST & BAS)

General Description:	This 3 day course is designed for people with little or no knowledge of MYOB who wish to learn how to set up MYOB from scratch and who wish to learn how to use MYOB to perform the normal day-to-day bookkeeping operations required in a business or profession and wish to perform GST calculations for BAS statements on both a Cash basis and an Accrual Basis. This course incorporates the following courses: BI-620 - 2 day Ready To Go with MYOB Accounting BI-614 - 1 day MYOB Accounting with GST/BAS for Advanced Users
Learning Outcomes:	At the completion of this courseware participants will be able to: Day 1: · start and navigate around MYOB · enter customer and supplier details into MYOB's card file · write cheques to make payments · perform a bank reconciliation · setup inventory for a new company file · use the purchasing features of MYOB · pay for purchases that have been made from suppliers · make sales to customers · record customer payments Day 2: · customise MYOB to operate in a number of ways · perform a number of file operations in MYOB · secure your MYOB file and the data in it · work with custom lists, custom fields, and identifiers to search data · deal with more complex invoicing matters · setting up inventory for more complex items · use MYOB to manage point of sale transactions · export MYOB data to a spreadsheet program · customise MYOB forms to suit your own business needs. Day 3: · open a MYOB data file and enter cash sales · enter cash payments and recurring transactions from source documents · print cashbook and profit and loss reports · extract and record information from a bank statement · produce a bank reconciliation statement · record overcharges in sales, enter overpayments in sales & enter refunds · enter contra entries & record deposits collected on customer orders · set up electronic supplier payments · email invoices and statements · set up credit limits for customers · calculate the BAS figures using the calculation sheet method · view Tax Codes used in the data file · account for payments where GST does not equal 1/11th · pay an account for GST only · enter the receipt of a Recipient Created Tax Invoice · key in a sale including GST amount · enter a payment for entertainment expenses · write an account off as a bad debt and view GST reports · account for private use when the bill is paid · account Hire Purchase agreement and payment · account for a Fuel Tax Credit · account for Chattel Mortgage agreement and payment · enter the purchase of an asset with GST · enter the purchase of an invoice from a supplier not registered for GST · enter the purchase of an invoice from a supplier with no ABN
Target Audience:	People with little or no knowledge of MYOB who wish to learn how to set up MYOB from scratch and who wish to learn how to use MYOB to perform the normal day-to-day bookkeeping operations required in a business or profession and to learn some of MYOB's intermediate features such as customising forms, exporting to Excel and creating custom lists, fields and identifiers in order to conduct custom searches.
Prerequisites:	Although previous MYOB skills are not required this is a reasonable working knowledge of Microsoft Windows and file management is desirable. If the participant does not have these skills they are taught on our BI-210 Introduction to PC's, Windows and Office course. Basic accounting skills are not taught on this course but are included on our BI-560 Introduction to Bookkeeping & Accounting course.
Methodology:	A self-paced hands-on approach is taken during this course. A case study is used to produce real-life scenarios so that learners experience how to use the software to solve everyday problems and undertake routine tasks. A course manual is included in the cost of this course. Course files are provided with this courseware.
Certificate:	The Bookkeeping Institute of Australia will issue a Certificate of Achievement upon completion of this course.

Table of Contents

BI-610 Ready To Go with MYOB Accounting - Day 1
1. BASIC ORIENTATION 1. Starting MYOB in Microsoft Windows 2. The MYOB Screen 3. Navigating the Command Centre 4. Finding Transactions 5. Other Things to Know About MYOB 2. CARDS 1. Cards Overview 2. Entering Customer Details 3. Entering Supplier Details 4. Changing Credit Terms 5. Choosing A Form Layout 3. CHEQUES 1. Banking Overview 2. Writing Cheques 3. Recurring Cheques 4. Using A Recurring Cheque 5. Printing Cheques 6. Receiving Money 4. RECONCILIATIONS 1. Reconciliation Overview 2. Producing A Reconciliation Report 3. Accounting For Government Fees 4. Bank Statements And The GST 5. Performing A Reconciliation 5. SETTING UP INVENTORY 1. Overview Of Inventory 2. Entering Inventory Items 3. More Complex Items 4. Counting Stock And Adjusting Inventory	6. PURCHASES 1. Purchasing Overview 2. Simple Purchasing 3. Raising A Purchase Order 4. Printing Purchase Orders 5. Emailing Purchase Orders 6. Receiving Ordered Items 7. Receiving Items Without The Bill 8. Obtaining Quotes 9. Completing Quotes 10. Restocking From Inventory 7. PAYING FOR PURCHASES 1. Payments Overview 2. Determining The State Of Your Payments 3. Finding Due Dates 4. Locating A Specific Order Or Bill 5. Making Payments 8. SELLING 1. Sales Overview 2. Creating An Item Invoice 3. Checking The Sales Journal 4. The Invoice From Hell 5. Printing Invoices 6. Emailing An Invoice 7. Entering Cash Sales 9. RECEIVABLES 1. Receivables Overview 2. Applying Payments 3. Applying Payments To Multiple Invoices 4. Preparing A Bank Deposit Slip 5. Printing An Invoice Statement 6. Printing An Activity Statement 7. Analysing Sales Performance
BI-620 Ready To Go with MYOB Accounting — Day 2
1. CREATING A NEW COMPANY FILE 1. Getting Ready For MYOB 2. Creating A New Company File 3. Activating Your Company File 2. CHART OF ACCOUNTS 1. Chart Of Accounts Overview 2. Starting MYOB With A Specific File 3. Modifying Existing Accounts 4. Header And Detail Accounts 5. Deleting Accounts 6. Linking Accounts 7. Checking Tax Codes 8. Preparing For Electronic Banking 3. PETTY CASH 1. Petty Cash Overview 2. Setting Up For Petty Cash 3. Raising A Petty Cash Float 4. Accounting For Petty Cash 4. CREDIT CARDS 1. Credit Card Overview 2. Spending Using A Credit Card 3. Mixed GST Spending 4. Paying Bills With A Credit Card 5. Reconciling The Credit Card Account 6. Paying Your Credit Card Account 5. MYOB AND THE GST 1. GST Overview 2. Tax inclusive transactions 3. Examining tax codes 4. Withholding tax 5. Examining GST accounts 6. Running GST reports	6. BUSINESS ACTIVITY STATEMENT 1. Business Activity Statement overview 2. Preparing to use BASlink 3. Creating additional GST account numbers 4. Running pre-BAS reports 5. Setting up the BASlink worksheet 6. Entering values directly 7. Calculating your PAYG instalment 8. Creating BAS transaction information 9. Making the tax payment 7. END OF MONTH 1. End Of Month Overview 2. Reconciling The Bank Account 3. Performing A GST Check-Up 4. Checking Customer & Supplier Balances 5. Checking Your Payroll Obligations 6. Fulfilling Payroll Obligations 7. Checking The Inventory Balance 8. END OF YEAR 1. End Of Year Overview 2. Creating Stock Take Adjustment Accounts 3. Performing Stock Take Adjustments 4. Entering Depreciation 5. Writing Off Bad Debts 6. Settling The Bad Debt 7. Understanding Prepayments 8. Pro Rata Prepayment Adjustment 9. Accrued Expenses 10. Starting A New Financial Year 11. Start Of Year Adjustments
BI-614 - MYOB Accounting with GST/BAS for Advanced Users — Day 3
1. BANKING COMMAND CENTRE 1. Looking at the Banking Preferences 2. Entering Payments from Cheque Butts 3. Saving a Recurring Payment 4. Using a Recurring Payment 5. Checking the Accuracy of Data Entered 6. Correction of Errors 7. Using Bank Register to enter a payment 8. Setting up Undeposited Funds in your Data File 9. Entering Cash Sales 10. Recording the Banking of Undeposited Funds 11. Entering more Cash Sales 12. Printing the Bank Register 13. Entering a Petty Cash Payment 14. Entering a Credit Card Payment 15. GST Collected/Paid Report 16. Calculating the GST Refund/Payment 17. Profit and Loss [Cash] Report for the Month 2. RECONCILING YOUR BANK ACCOUNT 1. Reconciling the Cheque A/C with the Bank Statement 2. Entering Bank Charges [Account Keeping Fees] 3. Printing the Bank Reconciliation Statement 4. Undo the Bank Reconciliation 5. Print the Balance Sheet 6. Reconciling a Downloaded Bank Statement 3. ADVANCED SALES & PURCHASES FEATURES 1. Recording an Overcharge 2. Recording an Overpayment 3. Writing a REFUND cheque 4. Handling a Contra Entry 5. Recording Deposits from Customers 6. Recording an Order with a Deposit as a Sale 7. Handling Lay-bys [Notes only] 8. Batch emailing invoices/purchase orders 9. Batch Emailing Statements 10. Automating the process 11. Setting up and Controlling Credit Limits 12. Entering a Sale with Credit Limit Protection 4. PREPARING THE BUSINESS ACTIVITY STATEMENT 1. Before Preparing your Business Activity Statement 2. Setting up BAS Information for reporting GST 3. Selecting your Reporting Period 4. Preparing your Business Activity Statement 5. Setting up GST Amounts you Owe the ATO from Sales 6. Setting up GST Amounts the ATO owes you from Purchases 7. The Front Sheet and Back Sheets of the BAS 8. Printing the Business Activity Statement 9. Printing the BAS Transaction Facsimile 10. Saving your BAS 11. Creating a Rounding A/c 12. Entering your BAS Payment 13. Creating a BAS Journal 14. Locking your Data File	5. GST AND THE BAS 1. Viewing Tax Codes 2. Explanation of the MYOB Tax Codes 3. Explanation of the BAS “G” Sales Codes 4. Using the Calculation Worksheet for Sales Calculations 5. Explanation of the BAS “G” Purchase Codes 6. Using the Calculation Worksheet for Purchase Calculations 7. Information on completing the Activity Statement 8. Reporting Your Taxes on the BAS 9. When GST is not equal to 1/11th of the Total Amount 10. Paying an Account for GST only 11. Rounding the GST amount 12. Recipient Created Tax Invoices 13. Entering a payment for Entertainment Expenses 14. Creating a Sales Invoice entering GST inclusive amounts 15. Writing a Customer off as a Bad Debt 16. Accounting for Private Use 17. Purchase of an Asset including GST on Credit 18. Purchase of an Asset [going concern] – GST Free 19. Supplier not Registered for GST 20. Supplier without an ABN 21. Purchase of a new Motor Vehicle using a Chattel Mortgage 22. Purchase of a new Motor Vehicle on Hire Purchase 23. Accounting for Insurance Funding Arrangements 24. Claiming Fuel Tax Credits 25. Recording Diesel purchased for the farm 26. Input Taxed Receipts and Payments 27. Entering sale of an asset 28. Printing Reports 29. Enter a credit sale 30. Voluntary Agreements 31. Before preparing the Activity Statement 32. Print the Reconciliation Reports 33. Brown’s Enterprises Bank Statement 34. Running the Company Data Auditor 35. Displaying your GST detail report 36. Print Quarterly Reports 37. Reconciling the GST – reporting on a Cash Basis 38. Setting up BAS Information 39. Selecting your Reporting Period 40. Preparing your Business Activity Statement 41. Setting up GST Amounts you Owe the ATO from Sales 42. Setting up GST the ATO owes you from Purchases 43. Viewing Front Sheet of BAS 44. Setting up Voluntary Withholding 45. Reporting the Fuel Tax Credit 46. Linking labels to Accounts 47. Print the Audit Report Summary 48. Print the Business Activity Statement 49. Print the BAS Transaction Journal 50. Saving your BAS 51. BAS Checklist 52. Notes on Luxury Car Tax 53. Purchase of a car with Luxury Car Tax

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Course details . . .

2. RECONCILING YOUR BANK ACCOUNT

3. ADVANCED SALES & PURCHASES FEATURES

4. PREPARING THE BUSINESS ACTIVITY STATEMENT

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