Here’s the thing: you didn’t start your business to do spreadsheets and record bank transactions all by yourself. If you’re a starting entrepreneur with little to moderate profit to spend on actual, human, bookkeepers, resorting to an online bookkeeping software that does the job is your best bet.
About the MYOB Bookkeeping Software
Developed in 1991 from a humble home office, its driving force was to lessen manual labor while increasing accuracy in bookkeeping and accounting tasks.
A quick disclaimer: MYOB focuses on local businesses – hence, it only operates in Australia and New Zealand.
With more than 40,000 advisors who carry expertise in accounting and bookkeeping, MYOB has amazing customer support that can answer your queries anytime and anywhere.
How It Works
With its tagline “Online accounting software: your future self will thank you,” MYOB is a bookkeeping and accounting software all in one. With over 50 business management solutions, MYOB can help you with any related tasks you can think of. Below are the core functionalities of MYOB:
- Pay your staff within seconds while staying on top of your payroll
- Send customized and trackable invoices where clients can pay right then and there
- Easily view your financial details and track your credit
- Visualize your performance against budgets with financial reports and charts
- Allocate your expenses for specific job positions
- Upload and organize your bills and expenses in no time
- Formulate either a simple or detailed inventory of your stocks
- Automate your bank transactions with MYOB’s over 130 bank providers
- Track which customers haven’t completed their payments yet
From payroll, payments, to tax solutions, this software will take the stress of handling financial records away just so you can focus on building your brand.
To be at par with the world’s continuous technological advancements, MYOB is extending its services through cloud computing. Through this innovation, clients can have faster connections with their business partners online.
With a massive following of over 1.2 million businesses from Australia and New Zealand, MYOB proved itself to be a reputable company despite its limited target location.
Rated 3.93 out of 5 stars in SoftwareAdvice.com, MYOB boasts of ease of use and functionality as its top two most notable features. According to its users, MYOB can be easily installed and set-up – making it ideal for novice bookkeepers. Its basic internal controls are also perfect for beginners. However, some reported the opposite – to which hiring an accountant would be the best option.
Although its wide array of functionalities is commendable, this is the very reason why it can be sluggish at times. Some users also reported that its subscription can be quite pricey for small-scale entrepreneurs. However, MYOB makes sure to make a good deal out of your money with its visually appealing and well-functioning interface.
If your business operates within Australia and New Zealand, you’re lucky enough to gain access to one of the world’s most renowned bookkeeping software – the MYOB. Boost finance operations through its continuously developing features that you’ll surely can’t get enough of! Need a bookkeeper contact us.