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MYOB

MYOB has been the leading provider of small business accounting software in Australia for a quarter of a century!  In software terms that is a very long time! We recommend MYOB to many SMEs and NFPs, especially those that need a higher level of functionality than what Xero provides.

Even today when they are being challenged by a number of new entrants to the market they still have a more than 50% market share.

One of MYOB’s strengths in comparison to most cloud apps is the range of features offered – something MYOB themselves refer to as a “deep rich feature set”.  

As certified MYOB consultants, we can help you choose the best MYOB package to suit your needs, and can also get the system up and running for you.

Why you’ll love a Cloudsolve solution with MYOB!

  • Expert understanding of all the features; having a range of features is great but it’s no use to you if you can’t make the most of them. Cloudsolve understands what will work for your business and creates a package that will optimise these features. Too often we see self-implemented systems set up poorly.
  • Integrate multiple systems! Cloudsolve can integrate systems that ensure your data is accurately sync’d between Vend & Shopify or Vend & Xero, whatever solution works for your business.
  • Successful change. Often implementing a new process is difficult, very few people like change. Our experienced team can assist you and your staff the whole way through to make it happen, without any complications. 
  • Peace of mind and ongoing support; Cloudsolve can set up systems to deliver accurate and relevant real time information to help you get the best from your business.

Why do we love implementing MYOB?

MYOB hasn’t been the Australian industry leader for so long by accident. It is a great product that is easy to use and has more included features than the newer cloud based alternatives. It would be fair to say that MYOB lagged a little around 2010 / 2011, as other solutions emerged in the market. But in the last few years they have released a host of great features that make this a super competitive product for a range of users across many industry sectors.

The chances are that MYOB will be able to cater for more of your needs without you needing to implement an add on, but if you do there are a large number available that will make running your accounts easier, and will extend the functionality of your system is your organisation has some areas of complexity.

Below are a few of our favourite features – but bear in mind, there are a lot more than this! Get in touch with us if you'd like to discuss whether MYOB is right for you.

REAL-TIME INFO: On the Account Right Live version live feeds of your bank account, credit card and PayPal transactions keep you constantly up-to-date with what's going on in your business. More than this, MYOB’s use of the Banklink product makes it the industry benchmark for accuracy and reliability of bank data.

SMART BANK RECONCILIATION: MYOB’s bank feeds are 100% direct feeds, (using the Bank Link technology they recently acquired). This results in more accurate and reliable bank feeds, plus a great features to save users time when reconciling or creating new transactions.

ACCESS FROM ANYWHERE: With your data in the cloud you can create invoices, check who's paid you and review your financial position any time you like (from your PC, Mac or smartphone). In addition, to make it even easier, the Cloudsolve team can log on and work on your accounts as well.

SIMPLE INVOICING AND ACCOUNTS RECEIVABLE: Create, customise and send invoices automatically. You can also give your customers the option of making direct payments via credit card or PayPal. Visibility of your debtors and overdue invoices helps you keep track of the money coming in.

FANTASTIC FINANCIAL REPORTING: Generating up-to-date reports is fast and simple. MYOB has a huge range of built in reports, and for those who need more there are some great add-ons (such as Calxa).

PERFECT PAYROLL: Running your payroll from MYOB enables you to easily manage pay runs, super payments and employee leave entitlements.

Want to know if MYOB is the solution you're looking for? Get in contact with our expert consultants today!

Please contact us to arrange an obligation-free discussion about using MYOB in your business.