Upon the installation of your MYOB software, there are still some basic setting up that users are required to do. You aren’t required to get everything done but there are 5 basic MYOB set up functions that you will have to use:
- Tax code list
Setting up the tax code is one of the most essential MYOB set up functions of MYOB that users should take care not to neglect. Locate ‘Lists’ from the MYOB menu tab and choose ‘Tax codes’ to open the tax code window. This will enable you to edit, delete and add tax codes. When it comes to adding tax codes, choose ‘New icon’ from the bottom of the window to open up the ‘Tax code information’ window. You can add your tax codes in the relevant area and press TAB on your keyboard to add more details.
- Accounts list modification
MYOB automatically creates accounts lists with reference to the industry and business type you own when you first create a file for your company. To better cater to your needs, you are allowed to modify your accounts list by choosing the ‘Set up’ option from your main menu and selecting ‘Easy set up assistant’. Select the ‘Accounts’ icon and open up the ‘Accounts easy set up assistant’, choose ‘Accounts list’ and make changes with the window.
- Sales
In order to even begin entering transaction details, users have to specify their default sales information first. This will benefit you in the long run since it eliminates the need to type in the same information repeatedly in your transactions, especially for most of your customer transactions. To do so, go to the menu and select ‘Set up’ then choose the ‘Easy set up assistant’. This time, click on the Sales icon and key in all the details. When you have transactions that are different for individual customers, you can make use of ‘Customer cards and Historical sales’ instead.
- Customer
Add your customer details into using the MYOB set up functions, specifically the ‘Customer list’ window. Once again, locate and open up the ‘Easy set up assistant’ and choose the ‘Sales’ icon. Now, choose the ‘Customer cards’ option from the list that is available to you and select ‘New’. This will allow you to key in the details of your customer. Press the TAB button to pull up additional information fields like address and the like in order to fully complete your customer’s profile.
- Supplier
Similarly, MYOB allows users to add in their suppliers’ information as well for better accounting and inventory management. This time, open up your ‘Easy set up assistant’ and choose ‘Purchases easy set up assistant’. Click on the ‘Purchases’ icon and choose ‘Supplier cards’, which will open up the ‘Build your supplier list’ window. Choose new and fill in all the information as prompted in the appropriate areas. Press TAB to see if there are additional information you could record. Hit OK when you are done and your suppliers should be added in.
These are the 5 basic MYOB set up functions that MYOB users should make use of when it comes to setting up their accounts. To learn more, it is highly recommended that users try to sign up for MYOB training classes in Singapore.
