The Bookkeeping program seeks to familiarise trainees with Accounts Payable, Accounts Receivables, Payroll and other functions that occur in a real working environment by exposing them to real-life case studies. Trainees will practice these case studies using popular bookkeeping software such as MYOB in the following area.

  • Setting up a company
  • Processing purchases and sales invoices
  • Processing accounts payable and accounts receivable
  • Recording of a deposit on purchases
  • Recording credit notes and overpayments
  • Process payroll – PAYG withholding and PAYG instalments
  • Recording employer contributions and deductions in payroll
  • Inventory adjustments for month-end via general journal
  • Bank reconciliation
  • Extracting and preparing reports – profit & loss and balance sheet
  • BAS / annual GST return lodgement