You probably don’t know this acronym and if you would like to discover its meaning, “Mind Your Own Business”. This term has several meanings, it is something you might say to someone asking personal questions, yet MYOB is also the name of the best Australian business accounting software.
Here are some of the benefits MYOB software offers the business owner.
- Cloud-based system so you can never lose your data.
- Offline working options – Staff might be in a remote location with no Internet coverage.
- You can store images of bills and receipts with a handy app.
- Fully scalable – From a one-man-band to a multinational corporation.
- Manage multiple currencies – Idea for import/export.
- Automatically generate invoices.
- Send invoices to any global location from your smartphone.
- Manage and track bills.
- Connect to more than 150 financial institutions.
Free training modules
While MYOB is user-friendly, there are online user tutorials to assist with any issues and the software developer is always at hand, should you have any problems using the suite. It doesn’t take staff long to get the hang of the MYOB user interface, plus the support team are at the other end of a phone. Using MYOB advanced business implementation gives your business a solid accounting platform, while the system is fully scalable.
Design the system
This is the first stage, which involves the software provider getting to know your organisation inside out and once they have carried out a needs assessment, they have the data they require to design
the perfect bookkeeping and accounting system. Several Zoom meetings would be scheduled for the developer to gain a deeper understanding of the client’s needs and eventually, a blueprint would be proposed. Click here to find out about high-yield savings accounts.
Build the system
Once the software engineers have the blueprint, they start building the system, with regular meetings with the client to ensure nothing is overlooked. Once the system is set up, your data needs to be imported (MYOB integrates with PAYG, GST and BAS) and everything is interconnected. Data will need to be migrated from other platforms, which the engineers handle.
System testing & staff training
Once the system is in place, the engineers carry out tests to determine active pathways and they fix any bugs that are discovered. This is also a time to train staff, which is included in the price. The next step is a simulation of going live to prepare your staff for what will happen when the system goes live for the first time.
Going live
This is the moment of truth, so to speak, if you need support, they are available in real-time and the system is ready to start processing new data. The handover should be smooth, as old data is transferred from the old platform to the new one.
If you would like to learn more about MYOB accounting software, search online for a developer and take the first steps to create the ultimate system to manage the accounts of your growing company.
