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New vertical menu and simplified language in MYOB Business

MYOB Business is getting a makeover to make it easier to understand and use.

We're updating the language in MYOB Business to use less financial jargon and accounting terms and replacing them with more natural words you're familiar with. You'll see this in some menus, page names and buttons.

For example, instead of 'setting up a bank feed', you'll 'connect your bank account to MYOB'.

You don't need to do anything

There's nothing you need to change or set up – MYOB Business will still work exactly the same. Just take some time to familiarise yourself with the information below to see what's changing. This will help you to keep working smoothly when the change happens.

The main menu is moving to the side

We're making it easier to find your way around by moving the main menu from the top of the screen to the left side.​​ This will make it easier to find things and make MYOB Business look and feel more like other software you use.

Although things might have moved, all the features still work the same.

The new side menu

You'll notice a couple of name changes in the menus, for example, Inventory is now Products & services and In tray is now Uploads.

If you need more space to work, you can minimise the menu so it takes up less room.

Animation showing side menu being collapsed

Create all your transactions from one place

The new Create menu is where you go to create transactions and records, like invoices, bills, employees or contacts. From here, you can record a new invoice and even add an item to your products and services list.

In a nutshell – if you need to create something, head to the Create menu.

Create menu clicked with creatable things listed

Friendly language to make things clearer

To make it easier to understand what you're doing, we're replacing a lot of the accounting jargon in MYOB Business. Not everyone is an accountant, so we're updating MYOB Business with more familiar words.

Some of the bigger changes are:

  • Account will become Category

  • Allocate will become Categorise

  • Inventory will become products and services

  • In tray will become uploads

View all of the changes

See the full list

AddAdd

Old term

New term

Create invoice payment

Record invoice payment

Create supplier payment

Record supplier payment

Set up a bank feed

Connect a bank account

Manage bank feeds

Manage bank accounts

Allocate transaction

Categorise transaction

Chart of accounts

Categories (Chart of accounts)

Account

Category

Linked account

Linked category

Manage linked accounts

Manage linked categories

Account type

Type

Account name

Category name

Account number

Code

Allocate

Categorise

In tray

Uploads

Inventory

Products and services

Customer returns

Sales returns and credits

Supplier returns

Purchase returns and debits

Prepare electronic payments (Payroll menu)

Prepage wage payments

Category reports (when accessing an AccountRight company file in a web browser)

Cost centre reports

Accounts will be called categories

Accounts, which you use in MYOB Business to group similar transactions, are soon going to be called categories. We're making this change because we know that categories is a more familiar word for this type of function. It also helps to distinguish bank and credit card accounts in the real world, from how you 'categorise' transactions (get it?) in MYOB.

The Chart of accounts page will become Categories (Chart of accounts):

The Chart of accounts page will be called Categories (Chart of accounts).

Categories work exactly the same as accounts

Apart from their new name, categories are exactly the same as accounts. They'll be grouped exactly as they were previously. You'll still be able to create, edit, delete and import them, assign them to transactions and view them in reports.

With the change of accounts to categories, the Categories feature in the AccountRight desktop app will be renamed as Cost Centres.

Setting up bank feeds will be called connecting accounts

We're changing the way we talk about bank feeds to make it clearer that you're working with transactions from an actual bank account.

Instead of setting up a bank feed, it'll be called Connecting a bank or credit card. Also, the page where you manage them is changing from Manage bank feeds to Manage bank accounts:

The Manage bank feeds page will be renamed Manage bank accounts.

Bank feeds still work the same way

There is nothing you need to do and your existing bank feeds will work just as they did previously.

Inventory will be called Products and services

Businesses buy and sell all sorts of products and services. Some people want to track quantities and some won't. So we're broadening the language in the inventory feature by referring to it as 'products and services'.

The Inventory menu will become Products and services, as will the Items page. There aren't any changes to how items work.

Products and services page

Do more from the Products and services page

You'll be able to reorder low stock items, create and view inventory adjustments and import items directly from the Products and services page. If you need to update your inventory, see the options in the top right – for more options, click the ellipsis (...):

The Inventory menu and Items page will be called Products and services.

Where you'll find recurring transactions

You used to be able to get to recurring transactions from a few different places. So we've decluttered the Sales and Purchases menus by moving Recurring transactions to the Invoices and Bills pages – just click the ellipsis (...).

Recurring invoices option on the invoices page

Recurring transactions has also been removed from the Accounting menu, but you'll still find it on the Banking menu.

Recurring transactions on the Banking menu