how to use the myob application version 18

Comment
X
Share

MYOB (Mind Your Own Business) is a software solution designed for small businesses to manage their finances, accounting, and inventory. MYOB application version 18 is an older release of the software and is still being used by many businesses. In this article, we will discuss how to use the MYOB application version 18.

Installing MYOB Application Version 18

Before you can start using MYOB application version 18, you need to install it on your computer. To do this, you need to have the installation file ready. Once you have the file, double-click on it to start the installation process. Follow the instructions on the screen to complete the installation. Once installed, double-click on the MYOB icon to launch the application.

Myob Installation

Setting Up Your Company File

The first thing you need to do when you start using MYOB application version 18 is to set up your company file. This file contains all the information about your business, such as your financial transactions, customer details, and inventory. To create a new company file, click on the “File” menu and select “New Company File”. Follow the prompts to set up your company file.

Creating Invoices and Quotes

MYOB application version 18 allows you to create professional-looking invoices and quotes. To create an invoice, click on the “Sales” menu and select “Enter Sales”. Enter the customer details, the items you are invoicing for, and the payment terms. MYOB will automatically calculate the total amount due. To create a quote, follow the same steps but select “Quote” instead of “Invoice”.

Myob Invoices

Managing Your Accounts

MYOB application version 18 allows you to manage your accounts easily. You can enter and track your expenses, payments, and deposits. To enter an expense, click on the “Accounts” menu and select “Enter Purchases”. Enter the vendor details, the items you are purchasing, and the payment terms. MYOB will automatically calculate the total amount due. To enter a payment or deposit, click on the “Accounts” menu and select “Receive Payments” or “Record Deposits”.

Myob Accounts

Managing Your Inventory

If you have inventory, MYOB application version 18 allows you to manage it easily. You can enter and track your inventory levels, purchase orders, and sales orders. To enter a purchase order, click on the “Inventory” menu and select “Enter Purchases”. Enter the vendor details, the items you are purchasing, and the delivery date. To enter a sales order, click on the “Inventory” menu and select “Enter Sales”. Enter the customer details, the items you are selling, and the delivery date.

Myob Inventory

Generating Reports

MYOB application version 18 allows you to generate various reports, such as profit and loss, balance sheet, and cash flow. To generate a report, click on the “Reports” menu and select the report you want to generate. MYOB will generate the report and display it on the screen. You can then print or save the report.

Tips for Using MYOB Application Version 18

  • Back up your company file regularly to prevent data loss.
  • Use the keyboard shortcuts to speed up your workflow.
  • Customize your invoices and quotes to match your business brand.
  • Set up reminders for important tasks, such as bill payments and customer follow-ups.
  • Use the “Help” menu if you have any questions or issues.

Benefits of Using MYOB Application Version 18

Using MYOB application version 18 has many benefits for small business owners. It allows you to manage your finances, accounting, and inventory in one place. It saves time by automating tasks, such as invoice and quote generation. It provides accurate and up-to-date financial information, which helps you make informed business decisions. It is also easy to use, even if you don’t have accounting or bookkeeping experience.

Recommendations for Using MYOB Application Version 18

  • Upgrade to the latest version of MYOB if you need more features or support.
  • Attend training or seek help from an expert if you need assistance in using MYOB.
  • Use the tips and tricks provided by MYOB to improve your productivity.
  • Network with other MYOB users to learn from their experiences and best practices.

Using MYOB application version 18 can help you streamline your business operations and improve your financial performance. By following the tips and recommendations provided in this article, you can use MYOB efficiently and effectively.

Leave a Reply

Your email address will not be published. Required fields are marked *