MYOB is a popular accounting software tool that powers large chunk of businesses, primarily in Australia and New Zealand. It had humble beginnings when started in 1991, but has now been adopted by bookkeepers, accountants and small businesses. It now offers desktop, browser, cloud and web based accounting solutions that are touted to be user-friendly, robust and scalable.
Why MYOB Software?
MYOB accounting service is available as a web-based solution or as a PC/ MAC solution. It also offers mobile based solutions that can help you manage your business accounts from anywhere. Based on the size of your business and your accounting needs, you can choose between any of the following key products of MYOB.
Key MYOB Products
There are 4 popular MYOB products having varied usage, please have a look -
1. MYOB AccountRight Live
Available on your PC/Mac or on the internet, this next generation cloud computing service covers all basic bookkeeping and accounting needs of most small businesses and startups. It allows data storage and access from all possible mediums. Some features that are covered in this product include -
Accounts Receivables and Payables Management
Cash Flow, Balance Sheet and P&L Reporting
Flexibility to Work On Browsers, Desktops, Cloud, or All
2. MYOB AccountRight Live Plus
This module is more suited for organizations that want to manage their payroll and / or automate the payroll operations while supporting their accounting and inventory management needs. It is ideal for small or medium-sized businesses and handles all aspects of a payroll such as timesheet management, superannuation, benefits, and PAYG (pay-as-you-go) obligations. Moreover, it can also 'bill by time' and 'sell and track stock', much to the delight of accountants.
3. MYOB AccountRight Premier
This module is an advanced version of the abovementioned 2 modules, and is specially tailored for larger businesses looking at an integrated suite of MYOB financial software services. Salient features of this software are -
Stress Free Payroll, Accounting and Advanced Inventory for Large Businesses
Multicurrency Accounting With an Option of Multiple Concurrent Users
Increased Efficiency and Wider Support with Easy Payment Options and Global Trade
Complete Control Over Your Expenses with Payment Tracking, Tailored Reports, and Simplified BAS and GST Calculations
4. MYOB Enterprise
This is an enterprise level solution for complex and larger businesses and is geared to act as a full-fledged financial management tool that can be integrated with ERP, Payroll, Accounting and Supply chain systems. Offering deep dive reports and custom dashboards, this module is also available as a combination of an onsite installation as well as a web based service.
If you are looking to hire an MYOB service provider to manage your existing system or are considering adopting MYOB, Flatworld Solutions can help you. We have more than 15 years of experience in the outsourcing domain, and have a core team of MYOB accountants, analysts and software professionals specialized in accounting tasks.
We have helped businesses in Australia and across the globe manage their backend operations including accounting and financial management. From home based businesses to large organizations we have worked with enterprises across various verticals and different levels of project complexities.
We are the preferred choice if you want to outsource simple bookkeeping through MYOB or are looking for reliable MYOB accounting software partner. Outsource your finance and accounting services to us and get your operations running smoothly in less time.
Contact us to discuss your MYOB outsourcing requirements today.