Course 504: MYOB Reporting, GST and BAS

MYOB Accounting Reporting, BAS and GST Online Training Course

MYOB Accounting Reporting, GST and BAS Online Training Course Topics

ONCE YOU’VE COMPLETED your bank reconciliation within MYOB, most of the hard work is done. If you have entered each transaction into the correct account (from the Chart of Accounts) and it matches your bank statements, then all you need to do is extract the data you’re looking for.

If you have allocated the correct tax codes to each transaction and entry, you’ll find that the GST payable and collected will be automatically reported.

All you need to do is then transfer this information to your ATO document (or online via the Business Portal).

Financial Reports Using MYOB Accounting

Most of the reports MYOB gives you for your business are standard to the accounting industry. They include reports to demonstrate your assets vs liabilities (Balance Sheet), cashflow and profit & loss (income and expenditure).

If your source data is entered correctly, you’ll learn how MYOB takes that data and produces the reports for you. This is where a complimentary software program like Microsoft Excel comes in. If you need to work with numbers or produce forecasts you can export to a spreadsheet program like Excel and then modify as you please.

MYOB financial reports include:

Balance Sheet
Profit and Loss
Cashflow

This MYOB Reporting, GST and BAS Online Training Course is included with all of our MYOB online training courses for one low price and either 12 month’s or LIFETIME course access. Check out our Specials Page to see if you are eligible for even further discounts!

Who should do this MYOB Reporting, GST and BAS Online Training Course?

The MYOB Reporting, GST and BAS Online Training Course teaches you how to get the useful information that has been entered into your system once it has been set up, data has been entered and it has been reconciled to match the real world (ie. your bank account).

This course provides practical tasks to show you:

where the information is stored
where to get the information you need for your Business Activity Statement
other reporting features that the banks and other financial institutions require (like Balance Sheets and Profit and Loss statements).

Although the MYOB Reporting, GST and BAS Online Training Course can be completed on a stand alone basis, it’s best completed as part of the entire MYOB Accounting Suite course sequence. This allows you to cement the elementary day-to-day skills — and see how the information ends up at the reporting end, which is what the ATO wants.

In the MYOB Reporting, GST and BAS Online Training Course, you’ll learn how to:

Complete GST reports
Complete Business Activity Statements (BAS) using MYOB’s BASlink
Set up your BAS information
Backup the completed BAS report for that period

How long does the MYOB Reporting, GST and BAS Online Training Course take to complete?

When we operated face-to-face training centres, this course would normally take 1 short day. Online, of course, you can take as long as you need and progress at entirely your own pace.

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