Which version of MYOB best suits my businesses bookkeeping requirements?

With so many different versions of MYOB available which is best suited for your businesses bookkeeping needs. SB Bookkeeping, found that SME clients are suited mainly to MYOB Products and have summarized the type of company which is best suited to each:

1. Basic Bookkeeping:

(SME with Turnover of < $1M and no employees)- MYOB Accounting
This product has all the features required of a bookkeeping system for an SME that has no employees.
Features of MYOB Accounting include:
Accounts Payable and Purchase Order management
Accounts Receivable and quotes management
Inventory management
Cash flow and Profit & Loss Reporting
Reporting by Profit Centre

2. Intermediate Bookkeeping

(SME with turnover of <$2M and employees)- MYOB accounting plus v 16
This product has all of the abovementioned features in addition to a powerful payroll module which handles all superannuation and PAYG obligations.
(SME with turnover of $2M+)- MYOB Premier v10
MYOB Premier contains all of the abovementioned features in addition to multicurrency accounting and also allows multiple concurrent users. The multicurrency feature is a must for importers and exporters.

3. Advanced Bookkeeping with remote access

(SME with turnover of <$2M and employees)- MYOB accounting plus v 16
This product includes a powerful payroll module which handles all superannuation and PAYG obligations.
(SME with turnover of $2M+)- MYOB Premier v10
MYOB Premier contains multicurrency accounting and also allows multiple concurrent users. The multicurrency feature is a must for importers and exporters.

While these apply to all aspects of employment within your company, it demonstrates why it is worth looking at areas within your company which may be suited to outsourcing to a specialist provider. One of these areas is bookkeeping services. Book Keeping Specialist provides onsite bookkeeping services worldwide.

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    Cheryl Loots

    Safari Life Pty Ltd