Join Elizabeth Haverfield for an in-depth discussion in this video Challenge: Accounts and opening balances, part of MYOB AccountRight Essential Training.
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Chapter three challenge, accounts and opening balances.…Continue on with your data file, Carol's Cleaning.…You will now have the opportunity to practice your skills by completing the…activities in the pdf provided in…the exercise folder named chapter three challenge.…You will change the account name for the following accounts.…Create and modify some accounts, delete accounts,…change the name and type of the account along with the tax…code change and also change those particular accounts listed in item six.…
Number seven, you'll enter some opening account balances.…And in number eight, print a trial balance report…for the month to check that your solution is correct.…You should be able to complete the challenge in 20 minutes.…Once complete, view the challenge solution movie.…
- Creating a company file
- Setting up tax codes
- Adding accounts
- Creating customer and supplier cards
- Performing a bank reconciliation
- Recording transactions
- Invoicing a customer
- Processing payments
- Entering and paying bills
- Recording cash sales
- Reconciling check accounts
Skill Level Beginner
1. Getting Started with MYOB
2. Working with the Accounts List
3. Adding Cards
4. Entering Historical Balances
5. Performing an Initial Bank Reconciliation
6. Backing Up and Restoring a Company Data File
7. Spending Money from the Cheque Account
8. Invoicing a Service Customer
9. Recording Customer Payments
10. Entering and Paying Bills
11. Receipting Cash Sales
12. Reconciling the Cheque Account
Next steps1m 56s
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