Monday, March 31, 2014

MYOB Essentials – The 8 necessities of online accounting

Aishah Mustapha for MYOB writes: Excited is probably an understatement for how we feel about today’s announcement.


After working on it extensively and keeping it under wraps last year and then announcing it last month at our roadshow, we’re finally releasing MYOB Essentials – online accounting made easy.
The making of MYOB Essentials focuses on 3 pillars: easy, on-the-go and better value for our clients.MYOB-Essentails-blog


Behind the scenes, the product development team was obsessed with customer feedback. Every button, every menu option and pretty much everything you see on display in MYOB Essentials were tested by user focus groups and went through numerous iterations.
The result?
MYOB Essentials Dashboard
MYOB Essentials Dashboard
MYOB Essentials not only covers all the essentials a small business needs, but does it at an extremely affordable price with no hidden costs and no locked-in contract. It is also browser based, which means you can access it from any device with an Internet browser.*
The MYOB Essentials range caters to a wide range of audience, from those running one-man shows to those running a business with staff. Here’s a taste of what you get:

MYOB Essentials covers the 8 necessities of online accounting
Necessity #1 – A snapshot of your business
The homepage shows the dashboard, which is designed to be simple, clean and captures the business’ financial standings.
Necessity #2 – Sales including quotes, and invoices
Create quotes, turn them into invoices and stay on top of your GST and BAS obligations easily.
Necessity #3 – Expenses
 MYOB Essentials lets you keep track of all the things you have to pay such as rent and supplier bills, and tells you when they are due.
Necessity #4 – Bank feeds
Bank feeds allows you to connect your bank account to MYOB Essentials. Every bank transaction will be synced into MYOB Essentials automatically. The transactions will then be matched to your sales, expense or any rules that you set.
Necessity #5 – Contacts
Keep track of all your business contacts in one place, especially those that owe you money.
Necessity #6 – Payroll
If you hire people, maintaining payroll will be a breeze with MYOB Essentials
Necessity #7 –  Fulfilling GST and BAS obligations
Preparing your BAS is super easy as MYOB Essentials can generate a GST report for you anytime, whether you submit your BAS quarterly or monthly.
Necessity #8 –  Reports
MYOB Essentials offer 30 reports on your business including GST, BAS, and Profit and Loss.
It doesn’t end there. MYOB Essentials will have a range of add-ons, if you need more functions or have specific needs. Our developers are busy working in the background to introduce these add-ons for MYOB Essentials, just as we did with AccountRight.

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