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

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