Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 1

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 2 Figure 1.1: The Accounts command centre options

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 3 Figure 1.2: An example of a To Do List for accounts payable

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 4 Figure 1.3: An example of using Find Transactions on a general ledger account

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 5 Figure 1.4: The Setup drop-down menu

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 6 Figure 1.5: The List drop-down menu and Payroll Categories sub-menu

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 7 Figure 1.6: Selections in a Report Customisation window

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 8 Figure 1.7: Security Preferences window

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 9 Figure 1.8: System Preferences window

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 10 Figure 1.9: Preferences window for Reports and Forms

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 11 Figure 1.10: Windows Preferences

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 12 Figure 1.11: Selecting a Purchase Invoice from the Transaction Journal Detail Arrow

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 13 Figure 1.12: List of Quotes in the Purchases Register

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 14 Figure 1.13: Quote received from Marbuk Imports

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 15 Figure 1.14: The Company Information Window

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 16 Figure 1.15: Bank details for electronic payments

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 17 Figure 1.16: Selections in the BAS Information window

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 18 Figure 1.17: General journal entry

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 19 Figure 1.18: Recap Transaction window for a general journal entry

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 20 Figure 1.19: Item selected from a list

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 21 Figure 1.20: A Bill for the purchase of items on credit

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 22 Figure 1.21: Recap Transaction window for an item purchase

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 23 Figure 1.22: A new sale invoice for items sold on credit

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 24 Figure 1.23: Recap Transaction window for sale of inventory items

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 25 Figure 1.24: Payment received from a customer (put into Undeposited Funds)

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 26 Figure 1.25: Cheque received now deposited at bank

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 27 Figure 1.26: Payment to a supplier

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 28 Figure 1.27: Cheque used to pay electricity account

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 29 Figure 1.28: Standard Balance Sheet selected as the report to print

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 30 Figure 1.29: Report Customisation window for Standard Balance Sheet printout

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 31 Figure 1.30: Periodic v perpetual inventory systems - retailer

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 32 INVOICE Account Receivable Inventory Record Journal Entries for GL Dr Accounts Receivable Control Cr Sales (Selling price on Invoice) Dr Cost of Goods Sold Cr Inventory (Cost price on inventory record) Figure 1.31: Recording an invoice in an integrated system

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 33 OrderInvoice Sales Journal Stock Journal General Ledger Acc.Rec. Ledger General Ledger Stock Ledger Figure 1.32:Manual steps in accounts receivable/inventory system

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 34 Enter Order (computer operations) Enquiries & Reports Figure 1.33:Manual steps in computerised accounts receivable/inventory system

Computer Accounting using MYOB (7 th Edition) William Neish & George Kahwati Chapter 1: Introduction to MYOB 35 General Ledger Cash Receipts and payments Sales & Receivables Accounts Rec. Ledger Inventory Records Purchases & Payables Accounts Pay.Ledger Payroll Figure 1.34:Module integration in an accounting package