5 Benefits of MYOB Advanced

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Accounting and bookkeeping are essential aspects of business success, yet they are also the departments which have taken the most time to get updated in the digital era, it seems the bookkeeping digital revolution has just begun! Nonetheless, many business people today still use manual accounting practices, which decreases their efficiency significantly. While such bookkeeping practices are possible as a small business, once the business starts to grow it’s important to find a solution which can keep all the information stored safely and effectively. MYOB Advanced is just that answer; it is the latest software from MYOB, the leading provider of small business accounting solutions in Australia. With MYOB Advanced, you can boost the efficiency of your business and save money on transaction costs with advanced features that make bookkeeping easier than ever before. MYOB stands for Managing Your Own Business—which will tell you a lot about what it does! This piece of software allows you to do all kinds of things that are hard to do with pen and paper, such as tracking inventory, accounting, planning your income and expenses, keeping up with customer information, and much more. 

Here are five benefits that MYOB Advanced offers your business

1. Low Costs

Many business owners are looking for a solution that will help their business grow, but with so many choices available it’s difficult to choose one. Many businesses have been using Microsoft Dynamics CRM or Enterprise Resource Planning (ERP) software systems to ensure they run more efficiently and effectively. While both CRM and ERP are great solutions, they can be expensive and require significant upfront investment in order to implement successfully. That’s why MYOB developed an advanced solution that provides similar functionality at a lower cost – without any programming or customisation required! It includes features such as social networking, Facebook integration, campaign management, customer insights reports and more. MYOB Advanced also allows you to access accounting, contact management, sales, purchases and payroll all in one place. It works with different operating systems like android and windows. 

2. Ease of use

Most small business owners shy away from using technology to enhance their business activity because they believe that it would require a lot of time and energy to understand how to use it. Nonetheless, the Covid-19 pandemic has been proof that companies and people who don’t adapt to new technologies usually get left behind. Moreover, as more entrepreneurs aim to keep costs of running the business low, automation seems ideal. Services like MYOB allow these entrepreneurs to do the most for their business with minimal investment. The best part is that people who are new to MYOB Advanced say that it’s very easy to use and more intuitive than similar ERP solutions, which means it can be a great resource for businesses! While there is a certain amount of accounting knowledge needed to be successful with an ERP system, no matter which one you choose, users say it takes very little time to get comfortable with all aspects of MYOB Advanced. It is quite useful that the platform allows one to access their financial information all in one place, making budgeting and analysing data much easier than when using Quickbooks or other accounting softwares alone. 

3. Customer Support

When it comes to technical services, another reason most people shy away from using them is because of the lack of support. Lots of businesses don’t have the budget to assign someone to test out a platform, which is why having incredible customer support is essential for technological services. At MYOB, they understand that, which is why customer support is a 24/7 service available to all users of business solutions. The number for MYOB Support Hotline is easily available; users can also choose to visit the website and get in touch with experts at any time. The experts are able to assist with general information about using software, yet they’re always happy to help with more complicated issues. Moreover, they also have an online forum where clients can chat directly with other users and share tips and advice on various aspects of using their accounting software. If customers need additional assistance, then professionals are able to contact them by phone or via email, giving great ease for both parties involved.

Overall, it is ideal for businesses to switch to the ERP solution that MYOB provides. Additionally, a little research will show that MYOB Advanced is just one aspect of the MYOB umbrella of services, which means that if it is not directly targeted for the business you are running, chances are another MYOB service can fulfil your necessities. The most important thing to remember when choosing a new software is to ensure one reads as many customer testimonials as it is quite an investment, so to not be disappointed staying alert on the businesses reviews is key to making the right choice!