MYOB Advanced is a fantastic accounting program that also works well for resource planning in your workflow. Is MYOB advanced good? Is it scalable? In case you’re new to all this, what is MYOB Advanced in the first place?
As internet technology takes over the world, businesses have embraced the use of various software to simplify their operations. One of the most popular business software programs is MYOB advanced which is used by thousands of businesses across the globe. Read on to find out more.
MYOB advanced is cloud-based accounting software that enables business owners to keep track of all their financial data. With this software, entrepreneurs do not have to go to the office to view their financial records. Instead, they can view files remotely and see updates in real-time.
One of the greatest worries that business owners have concerning MYOB advanced is whether it is scalable. Well, luckily, this software is very scalable. This means that it can be expanded as a business grows and it can be customised to fit the needs of any business.
For example, when a small business buys the software, it will be customised to suit its few financial records. However, as the business grows, the financial records become many. This software can then be expanded to suit the increased financial needs of the growing business.
Businesses waste a lot of time delivering invoices to clients in person. This is especially the case for new clients whose email addresses are unknown. With MYOB Advanced, the process is automated, reducing human error. Entrepreneurs simply press a ‘send’ button and the client receives the invoice in minutes.
Remember, sending an invoice late means that the client will take a long time to clear their debts. This can be very inconvenient, especially for businesses that do not have enough cash flow. Therefore, instead of wasting time, it is better to use MYOB advanced and get paid by clients promptly.
MYOB advanced makes inventory management easy and accurate. Without such software, business owners find that their firm suffers from stockouts and a lack of visibility over their warehouse. Consequently, a business ends up losing its customers to competitors.
In addition, MYOB advanced comes in handy for companies that operate on field sites. This is because the software makes it easy to verify that the workers have everything they need before they leave for a site visit. This reduces the amount of time wasted going back and forth to collect forgotten items.
Since MYOB advanced is comprehensive accounting software, business owners can keep track of all their income and expenses. As a result, calculating the amount of tax payable becomes very easy. After all the software categorises the taxable incomes and allowable expenses accordingly, making calculations easy.
Being able to pay taxes on time is crucial for any business. This is because the business will not have to pay any penalties because of late filings. More importantly, with this versatile software, the calculations are accurate which prevents any underpayments or overpayments.
With MYOB advanced, the HR manager can calculate all payroll expenses with ease. This helps to save time and energy which is in return used elsewhere. More importantly, employees are always paid on time which boosts their morale and productivity.
While MYOB advanced has numerous benefits, a business can only enjoy them fully if they buy the software from a reputable supplier like us. At Stratus Consulting Group, we believe in building a relationship based on trust with our clients.
If you are looking to implement MYOB Advanced in your business, then please get in touch with us at Stratus Group. At Stratus Group, our MYOB consultants do not just provide you with the software, we also provide expert knowledge and support. We will make sure that your MYOB software is implemented properly and will work with you directly at all times during the whole process to ensure that you get exactly what you need.
We also provide after-implementation support and assistance. Take your business to the next level. With the business world facing so many uncertainties, simplify and protect your processes.
Call us today on 1300 499 000 or fill out our inquiry form and we will get back to you within 24 hours.