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About MYOB
You'll become
Average Salaries
MYOB workers may earn between $40,000 and $72,000 per year
Turn your natural ability to manage details into a rewarding professional career by studying a MYOB course.
Build the practical skills required to help businesses thrive in a competitive and regulated modern market by studying a MYOB course.
All businesses need skilled professionals to help them navigate the world of taxation and accounting, but not all businesses have the scale and capacity to employ financial accountants. By studying a MYOB course, you’ll learn the essential financial management skills needed to successfully support small and medium-sized businesses, and help them navigate the complex and confusing world of accounts management.
If you enjoy solving problems and like detailed work, you can build competitive new skills, start a new career and provide real solutions to a range of small businesses by studying a MYOB course.
After completing a MYOB course, you’ll work closely with small and medium-sized businesses, working with financial records and accounts to ensure finances are managed and monitored correctly. You’ll assess, maintain and prepare financial records and statements, ensure businesses know how and why their money is being used, and ensure all business practises meet rigorous modern standards of compliance.
With a MYOB qualification, you can provide the support and guidance needed to a range of businesses and organisations, to give them the assurance they need to conduct their business strategically and safely. By studying a MYOB course, you’ll build the theoretical knowledge, practical skills and personal insights needed to successfully support great business practises.
You can study MYOB as a short course or certificate course, or as part of a bachelor’s or master’s degree in accounting or administration management. After completing a MYOB course, you’ll likely seek employment as a bookkeeper, accounts officer or payroll manager, working for virtually any business, organisation or government department.
If you enjoy solving problems and have a head for details, you’ll find working in financial management a rewarding and challenging experience.
What do myob graduates do?
After completing a MYOB course, you’ll be able to work as a bookkeeper, payroll clerk or financial manager, working quietly behind the scenes managing the financial accounts and other records of the business or organisation.
Day-to-day, you can expect to perform tasks such as:
- Keeping and maintaining financial records, including monitoring and recording income, expenses and advances;
- Preparing and reconciling invoices, purchase orders and bank deposits;
- Preparing bills, receipts, ledgers and other documents;
- Balancing accounts using manual and computer account management systems;
- Managing cash flow, advances and lines of credit;
- Organising, distributing and recording per diems and other staff payments;
- Preparing financial statements and reports;
- Preparing budgets, expenditure reports and analyses using account books, ledgers and accounting computer software;
- Preparing and presenting reports and account summaries when requested;
- Reconciling bank accounts;
- Verifying transaction records and reporting irregularities;
- Researching and preparing forms for tax exemptions and tax payments; and
- Performing basic administrative and organisational management tasks.
Career Outcomes
Career Outcomes
You may also choose to take your skills in administration and management into an office management role. You’ll be able to seek employment in a wide range of industries. The Australian Government’s Job Outlook reports that job opportunities for MYOB course graduates are available in all areas of Australia and in a wide variety of industries. Most accounts managers in Australia are currently employed in industries including:
- Professionals, scientific and technical services
- Construction
- Manufacturing
However, as every business, government department and not-for-profit organisation require the management of its finances, job opportunities for MYOB course graduates are likely to be available in every employment sector in Australia.
After completing a MYOB course, you may choose to seek employment as a:
Is myob right for you?
You’ll enjoy studying a MYOB course if you:
- Are highly organised
- Have excellent administrative skills
- Have a head for detail
- Like solving problems
- Have good communication and interpersonal skills
- Are proactive and autonomous
- Can work well in a team
- Have strong time management
- Are patient
- Prefer behind-the-scenes jobs to being the centre of attention
- Enjoy numbers, maths and patterns
- Are interested in MYOB and accounting software
- Enjoy using computers
Job opportunities
The Australian Government’s Job Outlook offers statistics on employment opportunities in the bookkeeping sector, which employs approximately 99,800 payroll officers and bookkeepers. According to Job Outlook, opportunities in the industry have contracted slightly over the last five years, and are likely to continue dropping until 2020. Job Outlook predicts approximately 88,400 people will be employed as bookkeepers in Australia by 2020. However, the size of the profession indicates jobs will still be available in all areas of Australia.
Average Salaries
According to PayScale, bookkeepers can expect to earn between $40,000 and $72,000 per year, with an average annual salary of approximately $56,000. PayScale notes a positive relationship between experience and earning capacity, but observes that entry-level bookkeepers may still command a competitive salary, earning on average approximately $50,00 per year.
PayScale also notes that many bookkeepers move to senior roles in administration management and financial controlling after working in bookkeeping for several years.