Print Article
BookMark Article
10 newest articles RSS
MYOB – Choosing The Right Version
Author : Chris Le Roy
Submitted : 2011-07-30 01:30:42 Word Count : 793 Popularity: 4
Tags: myob, myob version, myob hints, myob tips, myob help, myob training
If you have already spent a little time trying to choose which version of MYOB is right for your business, you already know that this is a confusing and overwhelming decision. It doesn't have to be that hard though, this guide will help you make the right decision.
When you begin your small business adventure, you will find yourself in a lot of meetings, talking with many important people who will all play their special role such as a lawyer, accountant, business coach, etc. Why do so many people neglect to speak with a bookkeeper? After all, this person plays a crucial role in your business so why not talk to your bookkeeper from the very beginning? It only makes sense, right?
While you may assume accountants are more important, it is the bookkeeper who will be up close and personal with your MYOB program, entering all data pertaining to your business. Studies suggest that accountants will often persuade new business owners to purchase the most inexpensive MYOB program to reduce start up costs. In theory this may look like an attractive decision however, it can actually have quite an adverse effect on the success of your business.
MYOB AccountRight Plus
The main reason why it is recommended that all business owners purchase MYOB AccountRight Plus is because it includes payroll. This is very helpful for the small business that quickly expands to staffing a few employees. Rather than having to deal with new software, you already have access to a payroll feature.
This is also a recommended program because you should get in the habit of paying yourself a wage. This forces a quarterly PAYG payment and it makes you pay superannuation. The reality is, if you can't squeeze in at least an annual salary of $54,000 for yourself, perhaps you should rethink your business plans.
Not to mention, many newer business owners find themselves struggling to pay their taxes. If you have paid yourself a salary all year and at least put some of that money away, you are in a better position to pay your tax obligations.
MYOB AccountRight Premier
If you have a larger business that requires multiple accounts staff, MYOB AccountRight Premier is probably the best option for you. The platform not only allows multiple users to access the programs simultaneously, it allows multiple currencies to be used as well.
MYOB AccountRight Enterprise
If you lead a large enterprise and need remote access to inventory that may be housed at various sties, you want MYOB AccountRight Enterprises. This platform really will require you to spend a significant amount of time evaluating your business structure and procedures.
Training
An MYOB training session is recommended for anyone considering purchasing this software. This will ensure that you really get the most out of the program. Many small businesses rush right in without understanding that their decisions have consequences.
Author's Resource Box
Chris Le Roy is the owner of One-on-One Professional Business Training. He has extensive experience in working with MYOB and helping small business owners use the program effectively. He runs MYOB courses regularly every month in both Brisbane and Townsville. If your team require first aid training to keep your team up to date then we all offer this training as well.
Article Source:
Article Directory