MYOB or Mind Your Own Business is a specialist software company providing small business accounting packages and is probably the best known accounting software in Australia and New Zealand. Although MYOB runs regular training programs, there are also manyMYOB courses run by various training companies to assist businesses in setting up and implementing the software.
Many small businesses need ongoing accounting support and, if they do not have a dedicated accounting department, will need to outsource to an accountancy practice. MYOB provides a valuable tool which enables businesses to keep their accountancy records up to date by providing an easy-to-use interface coupled with hints that assist in the everyday management of a small business.
MYOB software is presented in easy to understand modules so that small businesses with only a scant knowledge of accountancy can input data which the software then sorts and analyses. This is an important feature because usability is a key criterion which comes to assessing which accounting package will suit your business.
MYOB comes with a choice of packages to suit businesses of various types and sizes including Accounting Practices.
Small businesses can choose from a range of packages which concentrate on various elements of every business like invoicing, purchasing, small business management, business reporting and payroll.
Medium-sized businesses are catered for through a range of packages that suit medium size businesses that are expanding including specialist services like Job Costing, Point of Sale, Fixed Assets, Customer Management, Reporting and Inventory Control.
There is also a sophisticated range of document management modules not to mention a huge range of support services including classroom telephone and online training. You can also utilise the services of Certified Consultants who are experienced in a wide range of accounting matters and can offer advice and information on most complex issues.
MYOB is not just a software company however and for larger sized businesses, a planned introduction of customised software is available to ensure a smooth transition to a new accounting package. This is outsourcing at its best because you can continue with the things that you do best within your business and leave the implementation to a panel of experts.
One of the greatest benefits that MYOB offers to small and large businesses alike, is the range of reports that can be produced at the push of a button. Profit and loss and transaction analyses are the essential reports that can be produced quickly and easily but your accountant will also be able to utilise other elements of the program to examine profitability, cash flow projections and even look at the anticipated result of a change in pricing, and provide you with concise valuable business advice.
From sole traders and small home-based businesses right through to large and emerging enterprises, MYOB is the software package of choice. AMYOB Certified Consultant to help you set up your system is properly and convert your existing system over to the new software so that you can benefit from new information at the touch of a button.
