MYOB Accounting
M i n d From AustraliaVersion : MYOB 13,
MYOB 15, MYOB 17 and MYOB 18Y o u r
O w n
B u s i n e s s
ACCOUNTING CYCLE
ACCOUNTING CYCLE IN MYOB
1. CREATE COMPANY INFORMATION
2. ENTRY BEGINNING BALANCE
3. ENTRY TRANSACTION
4. ADJUSTING ENTRIES( Ending Period)
5. PRINT FINANCIAL STATEMENT
DISPLAY OF MYOB MODULES
1. Corporate Identity2. Accounting period3. Chart Account4. Data Storage Folder5. Creating a Chart Account 5.1. Through Imports 5.2. Create one by one6. Set the Linked Account7. Deleting Unnecessary Accounts8. Create a Tax Code9. Create Product Names10. Create Customer Names11. Create Supplier Names
1.CREATE COMPANY INFORMATION
CORPORATE IDENTITY
ACCOUNTING PERIOD
CHART ACCOUNT
Data Storage Folder
MS Excel
TEXTCREATE CHART ACCOUNT THROUGH IMPORTS
• MYOB
SET THE LINKED ACCOUNT
MENU SETUP – LINKED ACCOUNTS
1
2
3
CREATE TAX CODE
CREATE PRODUCT NAMES MODUL INVENTORY – ITEM LIST
PHYSICAL METHODS
PERPETUAL METHODS
CREATE CUSTOMER NAMES
CARD FILE MODULE– CARD LIST- CUSTOMER
CREATE SUPPLIER NAMES
CARD FILE MODULE – CARD LIST- SUPPLIER
2. ENTRY BEGINNING BALANCE
1. Beginning Balance 2. Receivables Beginning Balance3. Payables Beginning Balance 4. Inventory Beginning Balance 4.1 Quantity 4.2 Cost of Goods
check the data(Company Data Auditor)
Entry Beginning Balance IF THIS FACILITY IS USEDMONTHS SAME AS THE TRANSACTION
MONTHS EARLYACCOUNTING PERIOD
IF THIS FACILITY IS USEDTHE TRANSACTION IS NOT THE SAME MONTHS EARLY
ACCOUNTING PERIOD
ENTRY BEGINNING BALANCE
Entries Beginning Receivables Balance
Entries BeginningPayable Balance
Entries Beginning Inventory Balance
1. ENTRY QUANTITY
2. ENTRY COST OF SALES
3. ENTRY TRANSACTION
1. Purchase journal2. Sales journal3. Cash receipt journal
3.1. repayment of receivables3.2. In addition to repayment of receivables
4. cash disbursements journal4.1. Payment of payable4.2. In addition to Payment of payable
5. General Journal
SPECIAL JOURNAL
Purchase journal transactions MODUL PURCHASE – ENTER PURCHASE
Sales journal transactionsMODUL SALES –
ENTER SALES
Journal of repayment of receivables MODUL SALES – RECEIVE PAYMENT
Journal from transactionIn addition to repayment of receivables
MODUL BANKING – RECEIVE MONEY
Journal Payment of payable transaction MODUL PURCHASE - PAYBILLS
Journal In addition to Payment of payable transactions
MODUL BANKING – SPEND MONEY
4. ENTRY ADJUSTMENT( Ending Period)
MODUL ACCOUNTS – RECORD JOURNAL ENTRY
5. PRINT FINANCIAL STATEMENT AND OTHER REPORT
PROFIT AND LOSS STATEMENT
STANDARD BALANCE SHEET
STATEMENTOF CASH FLOW
BACKUP FILE