The 8 essentials of online accounting
31st March, 2015
The making of MYOB Essentials focuses on three pillars: easy, on-the-go and better value for our clients.
MYOB Essentials not only covers all the essentials a small business needs, but it is also browser-based, which means you can access it from any device with an internet browser.
The MYOB Essentials range caters to a wide range of audience, from those running one-man shows to those running a business with staff. Here’s a taste of what you get:
MYOB Essentials covers the eight must-haves of online accounting:
Necessity #1 – A snapshot of your business
The homepage shows the dashboard, which is designed to be simple, clean and captures the business’ financial standings.
Necessity #2 – Sales including quotes, and invoices
Create quotes, turn them into invoices and stay on top of your GST and BAS obligations easily.
Necessity #3 – Expenses
MYOB Essentials lets you keep track of all the things you have to pay such as rent and supplier bills, and tells you when they are due.
Necessity #4 – Bank feeds
Bank feeds allows you to connect your bank account to MYOB Essentials. Every bank transaction will be synced into MYOB Essentials automatically. The transactions will then be matched to your sales, expense or any rules that you set.
Necessity #5 – Contacts
Keep track of all your business contacts in one place, especially those that owe you money.
Necessity #6 – Payroll
If you hire people, maintaining payroll will be a breeze with MYOB Essentials
Necessity #7 – Fulfilling GST and BAS obligations
Preparing your BAS is super easy as MYOB Essentials can generate a GST report for you anytime, whether you submit your BAS quarterly or monthly.
Necessity #8 – Reports
MYOB Essentials offer 30 reports on your business including GST, BAS, and Profit and Loss.
It doesn’t end there. MYOB Essentials connects to a range of add-ons, if you need more functions or have specific needs.