22nd August, 2025
Tight margins, stretched teams and a fast-moving tech landscape are all significant challenges for modern accounting practices. How you manage compliance work directly impacts your profitability, staff capacity and long-term growth. This article examines how MYOB’s all-new Client Accounting module helps solve those challenges.
Client Accounting is a new cloud-based module within MYOB Practice Compliance. It simplifies and automates how you collect, prepare, and deliver financial reporting requirements, so you can keep your clients compliant without the administrative burden. It connects to ledgers and automates the production of key workpapers and financial statements. It connects directly to client ledgers and automates the production of key workpapers and financial statements, for companies, partnerships, trusts and sole traders.
Compliance work is still the backbone of most accounting practices, but it’s now more challenging to make services like financial statements and tax returns profitable. Fees are under pressure, client expectations are rising, and the cost of doing business keeps climbing. Many practices still rely on legacy systems, disconnected tools or manual workarounds – and that friction adds up. Jobs take longer than they should, work gets duplicated, and valuable team time is spent chasing files or fixing errors.
Client Accounting helps remove those inefficiencies by bringing your compliance workflows into one streamlined, structured system. It connects every step, from client ledger to workpapers and financial reports, so your team can move faster and more confidently. There’s no more jumping between tools, rechecking figures, or manually rebuilding reports.
With standardised templates, AI-assisted admin including AI account mapping and a single place for client collaboration, your practice can complete more jobs in less time, and with fewer headaches. That means fewer delays, less wasted effort and more room for higher-margin work. In short, it’s a smarter way to work that protects your margins and supports sustainable growth.
Modern clients are tech-savvy and time-poor. Many businesses already use digital tools like Slack, Google Drive and AI software in their daily operations. When their accounting practices still rely on back-and-forth emails and manual processes, it feels slow, outdated and disconnected from how they work.
According to MYOB’s Accounting Industry Monitor Report, this expectation gap is growing. Over two-thirds of accounting clients now expect their accountant to offer digital collaboration and faster turnaround times.
Client Accounting closes that gap by creating a single, shared space where your team can collaborate to keep jobs moving with clarity and confidence. From Client Accounting your team can export directly to the Client Workspace within MYOB Practice Compliance where your clients can respond to queries, approve work or sign documentation within a streamlined system. Every action is tracked, version-controlled, and easy to follow. There’s no need to chase emails, switch platforms, or worry about miscommunication.
For your team, that means fewer delays and clearer visibility. For your clients, it means a smoother, faster and more professional experience that meets (and even exceeds) their expectations. And when clients trust your process, they’re more likely to stick with your practice and turn to you for higher-value support and advice.
Many practices are juggling a mix of tools, templates and workflows, and it’s creating real friction. With clients using a range of accounting systems and internal teams often developing their own ways of working, consistency becomes difficult to maintain. This results in longer reviews, more errors, duplicated work and a lack of clarity around who is responsible for what.
As practices grow or face turnover, inconsistency and disconnect become even more painful. It slows down onboarding, increases training time, and makes it harder to reassign work when someone’s away or leaves the business. Managers can’t easily track progress or spot issues, and that impacts both client deadlines and team confidence.
Client Accounting brings structure and consistency to your compliance processes by giving your practice a standardised workflow, regardless of a client’s ledger or who’s doing the work. Every job follows the same process, using the same templates and built-in review points. AI helps clean up and unify data from different sources, so you start with a clear chart of accounts every time. This reduces the risk of errors, speeds up review, and ensures smoother handovers between team members.
With a single source of truth and connected tools, your team spends less time figuring out how to do the work, and more time actually doing it, with greater speed, accuracy and confidence. And as your practice grows, you’ll have the systems in place to scale without adding complexity.
The opportunities that AI brings are both exciting and overwhelming. You know you need to adapt, but many firms are unsure where to start or how to use it responsibly in compliance.
Our Accounting Industry Monitor Report found that over 60% of accountants agree that AI will change the way they work within five years. However, less than one in four practices say they’re currently using it in a meaningful way. This gap reflects both the uncertainty and the opportunity of AI.
Many accounting professionals also express concern about losing control or professional judgment when integrating AI with their processes. There’s a clear need for solutions that support, not replace, an accountant’s expertise.
Client Accounting embeds AI where it adds the most value, allowing you to spend less time on admin and more time on higher value work. AI-powered tools on the platform automate repetitive tasks like account mapping, and job set-up giving your team back valuable time while maintaining accuracy.
Because the AI is built directly into the compliance workflow, you don’t need to manage another system or invest in separate AI tools. Your team benefits from faster processes without compromising quality or professional oversight.
Client Accounting isn’t just about solving today’s problems. It’s also about laying the groundwork for a stronger, more scalable practice.
Every firm feels the pressure, but that pressure is also an opportunity. With the right tools, you can improve your compliance processes, and unlock more time, capacity and value for your clients.
See how your practice can unlock smarter, streamlined compliance with all-new Client Accounting, an AI-powered module that’s file-agnostic and built for modern practices.
Learn more about Client Accounting
Information provided in this article is of a general nature and does not consider your personal situation. It does not constitute legal, financial, or other professional advice and should not be relied upon as a statement of law, policy or advice. You should consider whether this information is appropriate to your needs and, if necessary, seek independent advice. This information is only accurate at the time of publication. Although every effort has been made to verify the accuracy of the information contained on this webpage, MYOB disclaims, to the extent permitted by law, all liability for the information contained on this webpage or any loss or damage suffered by any person directly or indirectly through relying on this information.