MYOB

Title Page
Copyright Page
Table of Contents
Foreword
Introduction
	About This Book
	Foolish Assumptions
	Icons Used in This Book
	Where to Go From Here
Part 1 Getting Started with MYOB
	Chapter 1 Introducing MYOB Business
		Planning to Get Started
			Choosing the right plan
			Starting your new MYOB file
			Setting up to be a winner
			Gathering your wits about you
		Using MYOB’s Getting Started Guides to Set Up Your File
			Getting your settings right to save you time
			Setting up your Chart of Accounts
			Connecting bank feeds
			Preparing for sales
			Talking about suppliers
			Bracing for payroll
		Getting into the Groove
			Understanding what goes where
			Working out your Dashboard
			Setting priorities
		Finding Your File Online
			Logging back in
			Packing up and going home
		Inviting Others to Access MYOB
			Adding new users and assigning roles
			Inviting your advisors
	Chapter 2 Accounts, Customers and Suppliers
		Creating your Chart of Accounts
			Looking at account classifications
			Understanding account types
			Adding your first new account
			Thinking about that pot of gold
			Deleting unwanted accounts
		Polishing Your Chart of Accounts
			Putting things in order
			Grouping under the parent header
			Merging accounts
		Setting Up New Customers
			Defining credit terms
			Entering contact details
			Importing contacts from other software
		Adding New Suppliers
		Looking After Your Contacts
			Managing contact details
			Deleting customers or suppliers
			Finding transactions using accounts, customers or suppliers
	Chapter 3 Setting Up Opening Balances
		Customer Opening Balances and Historical Invoices (Sales)
			Recording how much customers owe you
			Checking your totals
			Entering your Accounts Receivable total
		Supplier Opening Balances and Historical Purchases
		Account Opening Balances
			Entering a few balances to get started
			Balancing the whole kit and caboodle
		Opening Inventory Balances
Part 2 Everyday Activities
	Chapter 4 Making Sales
		Recording Your First Sale (Yippee!)
			Setting up services in your Items List
			Using the Services and Items layout
			Providing a service: Invoicing with the Services layout
		Invoicing on the Go
			Using the MYOB Invoice app
			Logging into MYOB when you’re out and about
		Meeting GST Requirements
			Ensuring your invoice is up to scratch
			Tax doesn’t have to be taxing
			Toggling how you view prices
		Digging Yourself Out of a Hole
			Looking things up
			Changing or deleting invoices
			Raising credit notes
		Working with Quotes and Sales Orders
		Setting Up Repeating Sales
			Creating recurring invoices
			Recording sales automatically
			Copying and changing recurring invoices
		Sending Customer Invoices
			Previewing your first invoice
			Emailing invoices
			Move over, here comes eInvoicing
	Chapter 5 Changing the Game with Bank Feeds and Rules
		Unlocking the Mystery of How Bank Feeds and Rules Work
		Getting Hooked Up
			Connecting your bank feed
			Activating your bank feeds
			Importing bank transactions into MYOB
		Using Bank Feeds to Allocate and Match Transactions
			Understanding the aim of the game
			Allocating new transactions
			Uploading receipts or invoices
			Matching versus allocating transactions
		Managing Your Bank Accounts
			Adding new bank accounts
			Transferring money from one account to another
			Transferring funds when there’s no match
		Dealing with Tricky Situations
			Transactions that don’t match when they should
			Deleting or changing bank feed transactions
		Learning the Rules of the Game
			Creating the perfect rules
			Looking at rules for invoices or bills
			Creating rules like a genius
			Changing transactions when rules apply
		Keeping Rules Nice and Schmick
			Editing and deleting rules
			Fixing things when you get a rule wrong
			Creating allocation templates
			Applying allocation templates
	Chapter 6 There Goes Your Cash!
		Recording Expenses
			Working from the Bank Transactions page
			Using the Spend Money menu
			Splitting an expense across more than one account
			Working with credit cards
		Picking the Right Expense Account
		Understanding GST (You’ll Be the Only One)
			Choosing the right tax code
			Getting tax codes right, automatically
			Recording mixed transactions
		Locating and Changing Transactions
			Badgering the Bank Transactions report
			Flipping out with Find Transactions
			Removing transactions
			Changing transactions
			Changing lots of transactions in one fell swoop
		It’s a Petty Business
			Stop using your personal card
			Lock it up, tie it down
			GST — when petty cash gets pettier
	Chapter 7 Here Comes the Money
		Seeing How Much You’re Owed
		Yippee! A Customer Has Paid Up
			Matching customer payments from bank feeds
			Matching transactions like a pro
			Recording customer deposits from scratch
		Grouping Customer Payments
			Matching a deposit from multiple customers
			Using the Undeposited Funds account for matching multiple transactions
		Building Your Survival Kit
			Following the customer payments trail
			Changing customer payments
			Deleting customer payments
			Dealing with underpayments
			Sorting out overpayments
				Applying overpayments against a customer’s account
				Sending a refund
			Matching credits against debits
			Creating account adjustments on the fly
		Yee Haa! Someone Else Has Given You Money
			Recording money that’s not from customers
			Figuring out which account to pick
		Sending Customer Statements
			Letting customers know how much they owe
			Choosing your statement type
		Chasing Money
			Using invoice reminders
			Thank heavens for credit cards
			Show no mercy — cut ’em off
			Know when it’s a dead end
	Chapter 8 Purchases and Supplier Payments
		Deciding Whether You Need to Read This Chapter
		Creating Purchase Orders
			Ordering up big time
			Giving your purchase order a makeover
			Sending purchase orders
			Placing supplier deposits against purchase orders
		Recording Supplier Bills
			Receiving bills for items
			Recording bills for services
			Checking supplier ABNs
			Calculating GST correctly
		Using the In Tray
			Getting documents into your In Tray
			Working through your In Tray
			Linking In Tray documents to bank transactions
			Persuading your In Tray to play nice
		Hitting Up the ATO with TPAR
		Getting Everything Just Right
			Deleting purchases — zap, they’re gone!
			Entering credit notes
			Changing your mind
		Facing the Music: How Much Do You Owe?
			Recording supplier payments
			Using bank feeds to match supplier payments
			Applying supplier payments manually
			Sending remittance advices
			Looking up purchases and payments
		Keeping Things in Tune
			Recording overpayments
			Recording part-payments or discounts
			Fixing up supplier payments
			Checking and applying supplier returns
			Getting rid of odd amounts
	Chapter 9 Reconcile Yourself
		What Reconciling is All About
		Getting Ready to Reconcile
			Recording bank opening balances
			Dealing with transactions that happened the day before
		Reconciling Your Bank Account
			Reconciling with bank feeds
			Reconciling if you’re not using bank feeds
		Troubleshooting Tricks
			Identifying your starting point
			Locating transactions that disappear
			Entering missing transactions on the go
			Resolving the black hole of unmatched transactions
		When Your Bank Account Just Won’t Balance
			Tricks to try before you kick the cat
			Tricks to try before you kick the dog
			Tricks to try before you kick the computer
			Undoing the previous reconciliation
		Keeping Good Records
Part 3 Taking the Next Step
	Chapter 10 Managing Items
		Seeing if the Shoe Fits
		Adding Items to Your Items List
			Creating a new item
			Specifying whether you buy, sell or track items
				When you buy something, sell it and want to know how many you have in stock
				When you just sell something
				When you buy something but don’t sell it
			Telling things where to go
				Income accounts
				Cost of sales and expense accounts
				Inventory accounts
			Entering opening stock counts
			Taking things an extra step
		Giving Your Items List the Once-Over
			Finding item descriptions and details
			Viewing item transaction details with the Items Register report
			Changing items
			Deleting items
		Managing Inventory
			Pricing to sell
			Reporting to stay on top of stock control
		Fixing Things When Stuff Goes Wrong
			Adjusting the quantity of an item
			Adjusting the cost of an item
		Stocktaking for Success
		Balancing Your Inventory
	Chapter 11 Setting Up Payroll
		Getting the Baseline Right
			Reviewing your Payroll Settings
			Checking linked accounts
		Setting Up Pay Items
			Creating wage pay items
			Reviewing leave items
				Employees paid on an hourly basis
				Employees paid on a salaried basis
			Double-checking super pay items
		Adding a New Employee
			Inviting employees onboard
				Taking a break from the heavy lifting
				Adding employee details manually
			Entering employee rates and other details
			Completing payment details
			Creating standard pay templates
		Setting Up Single Touch Payroll
			Making sense of ATO reporting categories
			Checking you’re ready to rock
			Connecting to the ATO
		Preparing to Pay Super
	Chapter 12 Paying Your Employees
		Processing Your First Pay
			Preparing timesheets
			Creating your first pay run
			Keeping everything sweet
			Checking all has gone to plan
			Looking up previous pay runs
			Reversing, deleting or adjusting pays
		Managing Leave Payments
			Paying annual leave and personal leave
			Catching up on what’s already owed
			Fixing up leave when it’s up the spout
		Getting Superannuation Payments Right Using MYOB
			Reporting on how much super you owe
			Making payments using MYOB Pay Super
		Withholding PAYG Tax
			Checking your tax tables
			Paying as you go
			Recording tax payments
		Balancing Your Payroll Accounts
			Checking that your payroll accounts balance
			Troubleshooting when things don’t balance
		Biting the Bullet
		Wrapping up the Payroll Year
			Checking your payroll data
			Processing your STP finalisation
	Chapter 13 Working with MYOB Team
		Getting Started with MYOB Team
			Checking you’re good to go
			Adding your employees
		Capturing Time and Making Sense of Locations
			Choosing your time capture type
			Setting up a location
			Assigning managers and employees to locations
		Using MYOB Team: For Employees
			Using timesheets and submitting leave requests
				Logging work hours for approval
				Applying for leave
			Making work life easier with MYOB Team
		Creating and Viewing Rosters
		Managing Approvals Using MYOB Team
			Approving timesheets
			Approving leave
	Chapter 14 Taking Electronic Payments to the Next Level
		Getting Ready for Electronic Payments
			Setting up supplier details
			Setting up employee details
			Hooking up your bank account
			Checking your linked accounts
		Making Your First Electronic Payment
			Creating supplier payments
			Recording employee payments
			Preparing your bank file for processing
		Fixing Payments When Something Goes Wrong
Part 4 Making MYOB Work for You
	Chapter 15 Reporting for Business
		Reviewing Your Report Settings
		Generating Reports
			Customising reports
			Saving your customisations
			Inserting additional layers of data
			Exporting reports
		Adding a Personal Touch to Your Reports
			Understanding style templates
			Bringing out the artist within
		Stop the Press! Streamlining with Report Packs
			Creating a report pack template
			Generating a report pack
	Chapter 16 The Gist of GST
		Understanding Where Everything Fits
		Reviewing Your Tax Codes
			Keeping it lean
			Dealing with input-taxed sales or purchases
			Exporting goods to foreign lands
			Creating a query code when you don’t have a clue
			Getting rid of excess fat
		Picking the Right Tax Code
			Guaranteeing perfection, every time
			Setting up Tax Codes in your Chart of Accounts
			Keeping everything squeaky-clean
			Handling transactions when GST isn’t 10 per cent
			Assessing what’s personal
		Checking You’re Ready to Do the Deed
			Auditing your own accounts
			Checking your opening balances
			Reviewing your final reports
		Completing Your Business Activity Statement
			Creating your BAS report
			Amending a BAS report
		Lodging Your BAS Direct from MYOB
			Notifying the ATO of your software ID
			Configuring activity statement fields
			Lodging your BAS at long last
		Recording your Payment or Refund
	Chapter 17 Understanding Your Business
		Generating Financial Statements
			Exploring your Profit and Loss report
				Tracking profitability from your Dashboard
				Viewing your Profit and Loss report
			Looking at your Balance Sheet
				Viewing your Balance Sheet
				Checking your Balance Sheet
		Consolidating Financial Reports
		Working with Budgets and Cashflows
			Deciding whether it’s beans for the week
			Generating cashflow reports
				Statement of Cash Flow report
				Cash Movement report
		Seeing Where the Money’s Made
			Finding out how jobs work
			Making the most of job reporting
			Creating a new job
			Deleting Jobs
	Chapter 18 Keeping Your Accounts in Top Shape
		Reconciling Every Account
			Credit card accounts
			Undeposited funds
			Petty cash
			Clearing accounts
			Loan accounts
			Payroll accounts
		Lining Up for a Health Check
		Running Diagnostics: The Transaction Review
			Reconciling invoices and bills
			Giving inventory a clean bill of health
			Troubleshooting inventory when it’s sick
			Looking to the future, burying the past
				Future-dated transactions
				Prepaid transactions
		Dishing Out Medicine: The Tax Review
			Taking exception
			Making sure the whole deal is spot on
		Heading to the Beach
Part 5 The Part of Tens
	Chapter 19 Ten Useful Tools for Managing Cashflow
		Offer Online Invoice Payments
		Use eInvoicing to Speed Up Invoice Processing
		Switch on Invoice Reminders
		Stay on Top of Who Owes You Money
		Keep Track of Your Invoicing Activity
		Get Bank Feeds Up and Running
		Record Supplier Bills Swiftly Via the In Tray
		Understand the Difference between Profitability and Cashflow
		Head to the App Marketplace
		Use Comparative Reporting
	Chapter 20 Ten Essential Tasks When Preparing Your Business Activity Statement
		Check All Bank Transactions Have Been Allocated
		Clear Your Suspense and Queries to Code Accounts
		Reconcile Your Debtors and Creditors
		Review Your General Ledger Report
		Review Your GST Report
		Reconcile Payroll and STP
		Reconcile All Your Bank Accounts
		Check for Prior Period BAS Adjustments
		Lock Your Data
		Lodge Your BAS
Index
EULA