What Is MYOB Online, And Who Can Benefit From It? 

With MYOB Online, Small And Medium Businesses Get All The Features They Need In A Single Platform. A Part Of Myob's Ongoing Evolution Is Launching A Newly Designed Cloud-based Accounting Software That Marks A Major Milestone In The Company's Journey. 

MYOB Online, A Cloud-based Offering From MYOB, Combines A Wide Range Of Features From Each Of The Existing Products Into A Single Online Environment, Reflecting The Company's Increasing Shift To Cloud-based Solutions. 

About MYOB 

Take Care Of Your GST, PAYG, And BAS Reports And Quickly Handle All My Accounting Needs (Such As Single-touch Payroll, Reporting, And Expense Tracking). This Program Will Save Time, Increase Productivity, And Meet Your Compliance Obligations. A Range Of Features Is Available In MYOB Online For Businesses Throughout Australia, From Start-ups To Large Corporations. 

MYOB Business Is An Online Accounting Package That Makes It Easy To Work From Anywhere In The World. It Is A Benefit Of Being Online To Work Together On Your Business Books With Your Accountant, Bookkeeper, Or Even Your Business Partners. This Includes Managing Cash Flow And Ensuring You Comply With ATO Requirements. 

1. Less Data Entry 

Accounting Firms Depended On Their Clients To Provide Digital Or Hardcopy Relevant Data Before Cloud-based Systems Became Available. Typically, Clients Provide Accurate And Complete Data. After You Input Your Data, The Accountant Can Then Process It. 

This Cloud-based Accounting Software Eliminates This Need: Bank Transactions, For Example, Are Automatically Entered Into The System, And Clients Can Be Convinced To Handle Everything Else Themselves. Staff Can Devote Their Time To More Valuable Tasks. 

2. No Compatibility Issues 

Using Different Versions Of The Same Or Different Programs Is Risky When You And Your Client Use Different Programs. Occasionally, Certain Files Won't Display Or Open Correctly, Requiring Back-and-forth Communication With The Client To Resolve. 

You Are No Longer Concerned About Compatibility Issues By Getting Onto The Same Platform As Your Client. 

3. More Flexibility 

Many Accountants Appreciate The Flexibility Of Being Able To Work When And Where They Choose. Whenever Your Clients Use Their Record-keeping Systems, You Rely On Them To Provide You With Current Information At All Times To Complete Work After Hours Or On Weekends. However, With A Client Moving To The Cloud, All The Data You Need Will Be Available Anytime. 

4. Better Insights 

Some May Feel That Encouraging Clients To Learn Cloud-based Accounting Software Will Diminish Your Relevance. This Is The Case. 

A Cloud-based Platform Can Give Clients More Control And Visibility Over Their Finances, But It Does Not Replace Accounting Expertise. As A Result, You Can Enhance Your Value By Providing Superior Insights About The Client's Business. 

5. Less Confusion 

The Relationship Between You And A Client Can Become Tense When Data Entry Errors Occur, Or You Misunderstand Their Instructions. 

These Mistakes And Miscommunications Will Likely Be Reduced When Using A Shared Platform. A Third Party Can Also Access Your Information At Any Time. This Ensures Trust Since Clients Realize They Can Invite A Third Party To Review Their Data Anytime. 

Would MYOB Accounting Software Be A Good Choice For Me? 

The MYOB Brand Has Been Synonymous With Accounting Software In Australia For Many Years, Offering Numerous Options, Features, And Compatible Add-ons For Businesses To Pick And Choose From. Several MYOB Apps Are Also Available For Download And Use On The Go, So The Software Is A Good Fit For Any Business. However, MYOB May Be A Bit Pricey Compared With Other Brands, Especially For Plans Designed For Larger Companies.