News

More than half (52%) of Australian small and medium enterprises (SMEs) believe the country will be in recession within the next 12 months, and 57% believe the economy will decline in the coming year, according to the latest MYOB Business Monitor.

Mid-sized operators are emerging from 2022 with strong results, and benefit from firmly embedded flexibly, according to new research from business management platform MYOB. However, with ongoing economic challenges facing Australian businesses, as well as cyber risks and a possible recession front of mind, the mid-market are under no illusions about the difficulties that lie ahead.

A host of entrepreneurial Australians took hold of the opportunities afforded by our changing way of life during COVID - including the flexible working practices it ushered in - to launch a startup or side hustle. And, according to new research from business management platform MYOB, many of these are thriving in a post pandemic world.

Almost three quarters of Australians (71%) would be put off staying in a business if they had a bad onboarding experience, according to new research from business management platform MYOB.

Business management platform MYOB today announced it has joined forces with leading farm financial management software company, Figured, to deliver a comprehensive accounting software integration for the Australian agricultural sector.

Business management platform MYOB, along with Smiling Mind, creator of Australia’s number one mindfulness app, have added four new mindfulness modules to the free Smiling Mind Small Business Program. The additions are specifically designed to bolster the mental health of small and medium sized enterprises (SMEs), helping business owners manage stress and build resilience, as well as providing balance in their work life.

Federal Budget commences rising tide for the nation’s small businesses

Ninety-four per cent of Australians believe supporting small business will aid Australia’s economic prosperity and would like to see them prioritised in next week's Federal Budget, according to a new survey from business management platform MYOB.

Over a third of Australian SMEs are facing cash flow issues; a quarter seek financial assistance. Finance is needed to cover wages, stock, equipment, cash flow gaps and operating expenses.

Business management platform MYOB today announces its first cloud-based inventory management solution, providing a low-cost way for small and medium size businesses (SMEs) to track and control inventory from anywhere, anytime, and on any device.