5 Perdisco Sets You Should Practice To Get Better At Handling MYOB

If you are pursuing financial accounting and its related courses, you already know the stress involved in writing an MYOB Perdisco assignment. While MYOB Perdisco assignments help you understand the concepts of finance better, handling the MYOB platform is where most students falter.

Since MYOB provides services to the banking, accounting, and invoicing sector, financial accounting students must know their way around the software. When it comes to using the MYOB software, it is only practising more and more MYOB and Perdisco assignments that can help you learn the tricks of it. MYOB offers various practice sets that you can solve to get the hang of the same. Here are some of the online test sets that you can solve:

1. Accounting Set

The accounting practice sets include balance sheets, profit and loss accounts, and expense accosting. When you solve these sets, you will gain knowledge about the concepts of financing and how to use them in the software. While solving MYOB sets, remember to use the correct tax rates and exclude GST wherever applicable.

2. Bank Reconciliation Set

If you are specialising in banking, then you need to familiar with recording and carrying out banking transactions on MYOB. You can solve the bank reconciliation sets to become more proficient in preparing a bank reconciliation statement for an organisation. When opting for manual input in MYOB, keep in mind the Dr/Cr rules which are opposite when it comes to bank statements and passbook accounts.

3. Accounting Worksheet

You can also solve accounting worksheets on the MYOB software to practice manual accounting. These should be your focus if you want to pursue a career in financial management. The accounting worksheets will teach you how to prepare accounting spreadsheets and accounting reports for companies.

4. Financial Statement Set

If you are specialising in data analysis, then solving financial statement will help you learn how the finances affect the structure of the firms. In financial statement sets, you will be asked to study separate sets for P/Loss accounts and balance sheets and give your feedback on the financial position of the company. For the analysis conclusion, you can always get an expert assignment writer’s help Sydney.

5. Tax and Returns

You may find several tax-filing sets that you can solve on the MYOB portal. Before you do so, make sure that you are aware of all the tax slabs of both personal and public taxes. Also, since taxes differ from one region to another in Australia, make sure that you are well-versed with the tax schemes of the various states.

Parting thoughts,

While solving your Perdisco assignment, make sure to follow the structure set in the guidelines. Always keep a backup of the assignment saved so that you do not lose your work in between. To save time, you can edit your journals quickly using this shortcut:

Accounts -> Transaction Journal -> Update dates -> select Arrow for the transaction.

And if you face any difficulty, then ask questions on the discussion panel. If that doesn’t solve your queries, then ask an accounting expert than resorting to Google with your query.