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Bookkeeping Basics in Xero, MYOB & QuickBooks Training Course Package

$49.00 inc GST

This Accounting and Bookkeeping Basics Training Course includes training on how to perform common tasks using all three major Australian accounting programs:

  • MYOB Business (Essentials and AccountRight),
  • Xero Accounting, and
  • Intuit QuickBooks Online (4 courses)

4 hours (4 CPD Points) of training course exercises and assessments You’ll be assessed on each individual training course and receive an Beginners Certificate of completion.

Description

What’s included in the Bookkeeping Basics Training Course?

This course consists of sixteen sections, that range from an introduction to bookkeeping terms all the way through to performing pay runs in different accounting software.  Some sections are longer than others, and some with subsections, but all contain the vital information you need to understand the fundamentals of bookkeeping.

The main sections covered are:

  • Introduction
  • Accounting Terms
  • Chart of Accounts
  • Goods & Services Tax (GST)
  • Tax Codes
  • Cash Vs. Accrual Accounting Methods
  • Debits-Credits-Income-Expenses
  • Introduction to Credit Control
  • Bookkeeping Basics Guide
  • Accounting software
  • Chart of Accounts

Perform Basic Bookkeeping Functions

Whether you use Xero, MYOB AccountRight, MYOB Essentials, QuickBooks Online – or you if you want to become familiar with multiple to improve your chance as a jobseeker – you’ll find the content you need in this course.

You’ll cover Chart of Accounts, Purchases, and Sales areas, and some of the reports that your software can generate.

This also includes content on the data entry involved in Purchases and Accounts Payable and End of Month Bank Reconciliation, with specific information for each software. You’ll also receive an introduction to payroll, specific to each software, and cover the fundamental task of creating employee cards and performing a pay run.

You’ll get an introduction to these common bookkeeping tasks using the major Australian accounting programs.

  • Invoicing and Accounts Receivable
  • Purchases and Accounts Payable
  • End of Month Bank Reconciliation
  • Business Reports
  • Payroll Introduction

Accounting Terms and Meanings

Even if you have no knowledge of bookkeeping, not to worry!  In the Bookkeeping Basics Training Course we start you off with an introduction to what bookkeeping is and the definitions of some key accounting terms, from “accrual accounting” to “year-end”.

You’ll also learn about relationships between these terms, such as how the Chart of Accounts, General Ledger, and Trial Balance relate to each other.

Reporting and Tax Obligations

Intuit-QuickBooks-Online-Training-Course-Profit-and-Loss-statement-report-example-300x238-522

One of the more confusing, yet important parts of bookkeeping is tax obligations.  Since reporting obligations and frequency depends on the business’ turnover, it’s essential to know whether you need to be registered for GST, and how this will impact your tax invoices.

Other reporting aspects you’ll learn include how the Cash and Accrual accounting Methods impact BAS, what income and expense types to report the ATO, Journal Entries, and debits and credits

You’ll cover other tax codes too, like FRE and N-T, to know how these apply to purchases and to help you perform the data entry for coding transactions to complete your bank reconciliation.

Learn about the most common and important reports including Balance Sheet and Profit and Loss Reports.

Credit Management

Credit-management-training-assessment-management-and-enforcement-Accounts-Receivable-Training-Courses-MYOB-Xero-QuickBooks - EzyLearnCredit control and the cash conversion cycle are important fundamentals of business that you’ll learn how to understand and interpret.  Accounts Payable and Accounts Receivable show you the money you owe and the money that is owed to you.

How quickly your business can receive payment from clients and then pay suppliers is an indication of efficacy, and you’ll learn how this relates to cashflow and overall business performance.  Having covered the fundamentals of bookkeeping, the Bookkeeping Basics Training Course also includes an introduction to implementing these skills in your accounting software.

Training Manual in PDF Format Included

There’s also a downloadable PDF document that includes all the written content and diagrams from the modules, so you can easily refer to it as a resource throughout your course, or in future if you ever need a refresher.

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Additional information

Software

The Bookkeeping Academy COMPLETE Combination includes every accounting software program we have available. This includes courses which are added and updated during your course access period. Accounting Software programs included:

MYOB AccountRight COMPLETE
MYOB Essentials COMPLETE
Xero Accounting COMPLETE
QuickBooks Online COMPLETE
Reckon One
Sage One