What is MYOB?
MYOB, or ‘Mind Your Own Business’ is an Australian created software system that provides services to assist with businesses managing their taxes, accounting and bookkeeping practices. It’s used in many small and medium businesses across the country, helping business owners simplify the management of payroll, CRM, taxing and accounting.
What Are the Benefits of MYOB Training?
Anyone who is MYOB trained has the expertise to set up the software to their client’s networks and start managing their bookkeeping through the system seamlessly. It’s a great qualification for any business owner who manages their own books, as well as any budding bookkeeper or accountant looking to enter into the small to medium business environment in Australia. Managing taxes, accounts and customer relationship management systems is an essential part of any business success, which is why using a system that simplifies and records these processes is so invaluable.
There are also many MYOB trained bookkeepers that provide services to other businesses, helping them to set up payroll and connecting this to their accounting system, processing sales and payments, taxation, and initial customer records through MYOB.
Job Outlook for MYOB Trained Professionals
If you’re thinking of undertaking a MYOB course, here are some figures that will interest you from PayScale, MYOB and the Job Outlook Initiative:
- MYOB trained bookkeepers can earn between $41,931 to $75,115
- 2 out of 3 businesses have moved to cloud accounting software
- Close to 60% of accountants use MYOB software
- There will be more than 50,000 jobs opening up for bookkeepers over the five years up to 2019
- 30.2 per cent of bookkeepers work full-time
- The most common qualification studied by bookkeepers is a Diploma or Advanced Diploma
MYOB courses in Australia
There’s a wide range of courses available across the country. These courses are available to those interested in studying MYOB courses in Sydney, Melbourne, Perth, Brisbane and throughout Australia. Are you thinking about entering into the field of bookkeeping for the first time? Then a Certificate IV in Bookkeeping is a smart option as most provide a MYOB module. If you’re wanting an in-depth knowledge of MYOB to become fully accredited, then a MYOB Diploma is ideal.
Here is a brief insight into the courses available, both in class and online.
If you want to gain further understanding of what is involved in a career with MYOB or bookkeeping, a short course could be a good choice for you. While short courses last for different periods of time, you can generally complete these in just a couple of weeks. There are a number of short courses available for MYOB.
A Certificate in MYOB is a great way to get a solid understanding of how to use, integrate and manage the software into existing practices. One of the most common courses to do this is a Certificate IV in Bookkeeping which can be completed in up to 24 month sand gives a detailed overview of the field, as well as teaching you the skills required to directly make the transition to working as a bookkeeper.
This course also fulfils the requirements to register as a Business Activity Statements (BAS) Agent and provides the option of taking a Certificate in MYOB as an elective, so you have valuable knowledge on how to use a computerised cloud accounting system.
A Diploma is a more in-depth course in MYOB that teaches a greater range of skills than a short course and is longer in duration. A Diploma in this field usually covers MYOB Essentials in a comprehensive manner that is ideal for anyone in bookkeeping. If you are wanting to enhance your existing knowledge in bookkeeping or accounting, this MYOB course is perfectly suited to you. It’s also great for small business owners looking to upskill in their account and book management. This diploma is also commonly undertaken by bookkeepers, finance officers, accounts and payroll clerks and accountants.
After a Diploma in MYOB, bookkeepers and accountants can assist clients and businesses with implementing more simplified financial solutions in accounting, CRM, retail point-of-sale, taxation solutions and task management. MYOB and bookkeeping services are sought after by many businesses.
MYOB training is important for a broad scope of careers, from managing the books of a company through to providing accountancy services for numerous clients. As MYOB has a range of products and isn’t one-size-fits-all cloud accounting, by being trained in all of these areas, bookkeepers and accountants can offer tailored business management solutions.
Some of the potential job titles of careers with MYOB training include:
• Accounts Payable Clerk
• Office Administrator
• Financial Controller
• Finance Officer
• Accounting Clerk
• Purchasing Officer
• MYOB Training Consultant
Is Bookkeeping Right for You?
If you want to become a bookkeeper it’s important to enjoy working with numbers and mathematical equations. Excellent data entry skills are also integral to this field, as well as having advanced computer skills. Because computerised cloud accounting systems, like MYOB, have become so popular, being able to work with technology and keeping up with the latest trends is essential.
As you will be working with different clients or staff on a regular basis, especially if you work in a large company, then having good communication skills is also important. This means not only with face-to-face communication but also when sending letters or emails.
Attention to detail and accuracy are other beneficial skills to have if you are wanting to become a bookkeeper. You can’t afford to make mistakes when you are handling a business’s financial records. If you are a very organised person who likes to keep everything in order, then a bookkeeping career will suit you perfectly. As you spend a great deal of time organising your client’s files and maintaining their financial records, having everything in order is crucial.