The fundamentals behind the software
MYOB is a tool. Good bookkeeping is a discipline. This module covers the underlying principles that make your numbers reliable, whichever software you use.
Software skills without the principles don't hold up
Knowing which buttons to click in MYOB only gets you so far. This module sits alongside the MYOB stages to build the bookkeeping judgement behind the data entry.
Core concepts
The basic principles of bookkeeping, explained in plain, practical language for business owners.
Reading your numbers
Understanding what your reports are actually telling you about the business.
Staying compliant
Good habits that help keep your records audit-ready and GST/BAS-time stress-free.
What You’ll Learn
Build a practical understanding of bookkeeping fundamentals and learn how to apply them to the day-to-day financial management of your business.
Bookkeeping Foundations
- What bookkeeping covers in your day-to-day business
- Understanding income, expenses, assets and liabilities
- Debits and credits explained in plain English
- How a chart of accounts is structured
- Building good record-keeping habits
Practical Bookkeeping Skills
- Reconciling accounts with confidence
- Understanding your Profit & Loss statement
- Understanding your Balance Sheet
- Keeping financial records organised
- Preparing for GST and reporting periods
- Identifying and correcting common bookkeeping errors
Course topics may be refined as training modules are updated.
Pair this module with your MYOB training
Bookkeeping Principles is designed to complement all three MYOB training stages.