Module 1. Business tax calculations 

This module covers the skills and knowledge required  business tax calculations and process lodgements and returns in accordance with Australian Taxation Office (ATO) requirements. This include understand the rules and calculating :

•  Pay As You Go (PAYG) withholding 
•  Pay As You Go (PAYG)  instalments 
  
• Goods & Services Tax (GST) 
  
• Fringe Benefit Tax 
  
• Superannuation
  
• Payroll Tax
  
• Luxury Car Tax (LCT), 
  
• Wine Equalisation Tax (WET) and 
  
• Fuel Tax Credits (FTC)
  

Module 2. Day to day computerised bookkeeping (MYOB) 

This module covers the skills and knowledge required to set up and operate a computerised accounting system, prepare, match and process receipts, process payment documentation, manage day to day accounts and process customer transactions. This module will take you from entering sales and purchases right through to reconciling the bank account and generating reports. This includes-

• Basic MYOB orientation:  Overview of MYOB, Starting MYOB in Microsoft windows , The MYOB screen, Navigating the command centre ,Using the command centre, Finding transactions, Company viability, Exiting MYOB and Other basic things to know about MYOB
  

• Creating a new company file:Getting ready for MYOB, Creating a new company file and Activating your company file,
  

• Creating chart of accounts: Chart of accounts overview, Modifying existing accounts, Header and detail accounts, Deleting accounts, Linking accounts, Checking tax codes and Preparing for electronic banking
  

• Opening balances :Opening balances overview, Entering opening balances, Opening balances , Checking your balance sheet and Checking your profit and loss,
  

• Historical balances: Historical balances overview, Checking update preferences, Entering customer balances and Entering supplier balances,
  

• Cards:Cards overview, Entering customer details, Entering supplier details, Changing credit terms and Choosing a form layout
  

• Setting up inventory:Overview of inventory, Entering inventory items, More complex items, Counting stock and adjusting inventory,
  

• Purchasing: Purchasing overview, purchasing, Raising a purchase order printing purchase orders, Emailing purchase orders, Receiving items without the bill obtaining quote, Completing quotes and Restocking from inventory
  

• Paying for purchases: Payments overview, Determining the state of your payments, Finding due dates, Locating a specific order or bill and Making payments

• Selling: Sales overview, Creating an item invoice, Checking the sales journal, The invoice from held , Printing invoices, Emailing an invoice and Entering cash sale

• Invoicing techniques: More invoicing techniques, Placing items on back order, Creating a service invoice, Viewing your invoices, Raising a credit note and Settling the credit invoicing techniques
  

• Receivables: Receivables overview, Applying payments, Applying payments to multiple invoices, Preparing a bank deposit slip, Printing an invoice statement, Printing an activity statement, Analysing sales performance and Receiving payments
  

• Working with inventory: Inventory on a day to day basis, Creating an auto-build item, Checking inventory status, Auto-building inventory and Fulfilling backorders
  

• Cheques: Banking overview, Writing cheques, Recurring cheques, Using a recurring cheque, Printing cheques and Receiving money
  

• Reconciliations: Reconciliation overview, Producing a reconciliation report, Accounting for government fees, Bank statements and the GST and Performing a reconciliation
  

• Working with reports: Overview of reports, Generating reports, Customising reports and Changing orientation
  

• MYOB and the GST: GST overview, Tax inclusive transactions, Examining tax codes, Withholding tax, Examining GST accounts and Running GST reports MYOB and the GST
  

• Business activity statement (BAS): BAS overview, Preparing to use BASlink and  Running pre-BAS report

• Introduction to Goods and Services Tax (GST) 

• Business Activity Statements (BAS) compliance and other requirements 

• GST adjustments and corrections 

• Calculate and enter Pay as you go (PAYG) income tax instalment 

• Calculate and enter Pay as you go (PAYG) tax withheld 

• Calculate and enter Fringe benefits tax (FBT) instalment 

• Calculate and enter Luxury car tax (LCT) 

• Calculate and enter Wine equalisation tax (WET) 

• Calculate and enter Fuel tax credits 

• Prepare Instalment Activity Statements 

• Manual BAS preparation 

• Enter the transactions in MYOB and complete the BAS 

• Make necessary adjustments and corrections in BAS