MYOB BAS and Reporting Course Topics
Once you’ve completed your bank reconciliation, most of the hard work is done. If you’ve entered each transaction into the correct account (from the Chart of Accounts) and it matches your bank statements, then all you need 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).
MYOB Financial Reports
Most of the reports you need for your business are standard for the accounting industry and 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. If you need to work with those numbers or produce forecasts you can export to a spreadsheet program like Microsoft Excel to modify as you please.
- Balance Sheet
- Profit and Loss
Who should do this MYOB Reporting, GST and BAS 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 BAS report and other reporting features that the banks and other financial institutions require; like Balance Sheets and Profit and Loss statements.
Although this course can be completed on a stand alone basis, it’s best completed as part of the course sequence to allow 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.
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