BAS Preparation Free Advice Call 07 49226128
http://www.businesswise.com.au/myob-training-rockhampton/
BAS Preparation Free Advice Call 07 49226128
BAS Preparation
MYOB has long held the crown of desktop accounting software in Australia , however was slow to commit the move to the cloud – producing an opportunity for business competitors such as Xero to exploit. Their first attempt at cloud accounting was luke warm at the least, nevertheless the competitiveness of the market has driven MYOB to re-assess and re-invest significantly – to the sound of $40M in 2014 by itself !
This investment has lead to a much more mature suite of cloud services , this includes :
MYOB Banklink is the simplest offering , which connects with a significant range of financial institutions to gather bank transactions . It supports transaction coding and simple reporting , but can not deal with things such as invoicing or payroll .
MYOB Essentials is a simple to use online book keeping solution including the main features small business owners require . It is via the internet only , with a brand new redesigned user interface and available for less than $1 per day .
MYOB AccountRight provides more powerful accounting , with business management capabilities , inventory with advanced reporting . Additionally it is possible to operate on-line of off-line , presenting unique opportunities for all those in areas with poor internet services .
MYOB is also ( at the time of writing ) the sole provider who has been confirmed SuperStream ready . Whether you employ twenty or more employees this might be a deciding factor for you . For everybody else , it could be quite surprising if the other vendors discussed here could not meet the 30 June 2016 deadline .
Things to consider :
Many SME’s will need the higher priced AccountRight product
Although there are a few standouts , the add on community is weak in comparison
Built in OCR function in MYOB Essentials for importing bills is very useful
Mobile app superior to some competitors
Optional MYOB PayDirect make it easier to receive credit/debit card payments on your mobile phone
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