Why Business People To Choose MYOB Software:

Work through the features. You can download product demos for both MYOB ezaccounting Web sites. If you have any idiosyncratic needs that aren’t standard to business, test the demos to see which product performs best. For example, non-profit or community organizations will probably find that the advanced budget features in MYOB software suit them best, but businesses with inventory in multiple locations will probably be better steering towards MYOB.

If comparing cost of each product, factor in the current cost of annual support and annual upgrades. If you’re comparing the prices of different MYOB (they change all the time, so you’ll need to shop around to get the current prices), remember to factor in the price of annual support. Support is vital, especially at the beginning, and help that’s only ever a phone call away can be a lifesaver. In some instances, annual support is almost equal to the purchase price of the software, and so it's important that you factor it in

Evaluate whether you need any add-ons. Just as you wouldn’t employ a secretary who only speaks French and a manager who only speaks pig Latin, you need to make sure that your accounting software can talk to the other computer programs in your office. For MYOB software, you can find a list of add-ons by visiting the MYOB Add-Ons page at this Web site. For QuickBooks, visit www.quickbooks.com.au or contact their customer service line to ask about add-on products.

Consider your operating system. Talk to your accountant. If your accountant much prefers working with one of other of these products in particular, then you’ll probably minimize accounting fees by following their recommendation.

Think about who you'll use as a consultant or for training. In the cities, both MYOB
software have an excellent network of trainers. There are also lots of venues where you can attend training courses. However, consultants get much more scarce in the bush, and so it pays to find out what the local support consists of, and which product is supported best in your particular locality..

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5 Good Reason To Choose Myob Software?

MYOB Payrollsoftware  gives you the flexibility and variety for you to manage multiple payroll frequencies and multiple rates of pay.

MYOB Payroll supports any combination of fortnightly and monthly pay based on calendar month periods with the flexibility of defining formulas for various payroll components.

MYOB Payroll tracks and manages your employee records, earnings and deductions.

In addition to year-to-date totals, MYOB Payroll keeps the payslip information for every payslip ever issued through the system.

1.Powerful Reporting

MYOB software is extremely flexible when it comes to generating reports. This allows you to receive specific information about your business quickly and easily. Aside from offering more than 60 regular reports, MYOB also allows you to customise any reports, to give you greater insight into your business, customers, stock, finances and more. Reports generated can also be ideal for predicting cash flow problems, or working out any potential impact on cash flow of raising or lowering your prices.  Data can then be easily transferred to Word or Excel if you need to use it for correspondence or if you prefer other formats.

2.Reduce Accounting Fees

Many business owners commonly end up sending most of your business book work to your accountant at the end of every financial year in order to prepare their taxes. Yet, if all your information was already entered into your MYOB system, your accountant will end up spending far less time putting together all your information. Your accountant can simply produce a report through MYOB to generate all the information required, which saves you time and money overall.

3.Centralised Information

MYOB lets you centralise all your business information within one convenient software program. Yet, it’s still flexible enough to make that information available to other MYOB products, as well as to programs such as Microsoft Excel, Word, and even Outlook. This effectively means you can use MYOB across several customer contact points or multiple office locations and still have access to centralised data.

4.Customisable Security

You may have multiple staff members accessing your MYOB software throughout each day, but you might have certain information you don’t want some of them to access. MYOB does allow you to customise your security levels for each individual user or even different user groups. Each person can create their own unique login and then the system can be modified to allow or restrict access to areas and information that is relevant to their individual job roles.

5.Grows with Your Business

MYOB software is able to grow with your business as it expands. Add more unique users to your system in minutes as you increase staff numbers. You can even upgrade some MYOB packages to include more comprehensive and more advanced software as your business needs it.

Source: statewideconsulting.com.au/

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8 Tips To Choose The Best Accounting Software – Small Business Needs

 8 Tips To Choose The Best Accounting Software – Small Business Needs

If you choose the right package, good accounting software can help your business manage accounts more efficiently. It can make the process quicker and more straightforward. The growing emphasis on e-filing - or submitting records electronically - means that the use of accounts software is even more attractive because many packages can make this process very simple.

Is your software built for small businesses?

Is your Accounting software a good fit for my industry?

Do you offer customized solutions to fit my business's needs?

How many employees and clients can your software accommodate?

How is my data backed up? Can access be restored immediately during an outage?

What security measures do you have in place to keep both my businesses and my customers' data secure?

What is the total cost? Are there any setup or cloud storage fees?

What types of tech support and customer service you need Best accounting Software in Singapore?

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Why Business people to Choose Ubs Software:

Ease of use. Look for software with a user-friendly graphical interface.

Entry of sales information. Most systems allow you to enter inventory codes either manually or automatically via a bar-code scanner. Once the inventory code is entered, the systems call up the standard or sales price, compute the price at multiple quantities and provide a running total. Many systems make it easy to enter sales manually when needed by letting you search for inventory codes based on a partial merchandise number, description, manufacturing code or vendor.

Pricing. Ubs accounting software systems generally offer a variety of ways to keep track of pricing, including add-on amounts, percentage of cost, margin percentage and custom formulas. For example, if you provide volume discounts, you can set up multiple prices for each item.

Updating product information. Once a sale is entered, these systems automatically update inventory and accounts receivable records.

Sales tracking options. Different businesses get paid in different ways. For example, repair or service shops often keep invoices open until the work is completed, so they need a system that allows them to put sales on hold. If you sell expensive goods and allow installment purchases, you might appreciate a loan calculator that tabulates monthly payments. And if you offer rent-to-own items, you'll want a system that can handle rentals as well as sales.

Security. In retail, it's important to keep tight control over cash receipts to prevent theft. Most of these systems provide audit trails so you can trace any problems.

Taxes. Many Ubs accounting software systems can support numerous tax rates-useful if you run a mail order business and need to deal with taxes for more than one state.

Perhaps the most valuable way Ubs software systems help you gain better control of your business is through their reporting features. You can slice and dice sales data in a variety of ways to determine what products are selling best at what time, and to figure out everything from the optimal ways to arrange shelves and displays to what promotions are working best and when to change seasonal promotions.

Reporting capabilities available in POS programs include sales, costs, and profits by individual inventory items, by salesperson, or by category for the day, month and year to date. Special reports can include sales for each hour of the day for any time period. You can also create multiple formats for invoices, Ubs accounting software  statements and price tags. Additional reports include day-end cash reconciliation work sheets and inventory management. Examine a variety of POS packages to see which comes closest to meeting your needs.

Every business is unique; you may find that none of the off-the-shelf systems meets your requirements. Industry-specific POS packages are available--for auto repair shops, beauty and nail salons, video rental stores, dry cleaners and more. In addition, some ubs system manufacturers will tailor their software to your needs.

Source: www.entrepreneur.com

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One Stop Accounting Software : Five Foremost Factors that Stood Out in Skills Fut...

One Stop Accounting Software : Five Foremost Factors that Stood Out in Skills Fut...: 1 Most individual courses value under $500 This isn’t certainly unexpected, due to the fact maximum of the publications take in on...

Five Foremost Factors that Stood Out in Skills Future Training

1 Most individual courses value under $500

This isn’t certainly unexpected, due to the fact maximum of the publications take in only 2 or three days of complete-time training. Component-time training is regularly available too. For a few reason, if you’re in a hurry to empty your Skills Future account, you’re possibly capable of discovering one or guides that you could attend for free with the credits.

For instance, the “human beings leadership Program”, and run by Capella Academy is a 24-hour direction costing $294.00. but, you’ll also find publications like “develop Human aid policy Framework” with the aid of Human Capital (Singapore), which is simplest a sixteen-hour path but fees $615.00.

2 However, many WDA publications are a part of a larger WSQ framework

You’ll be receiving certificates for most WDA publications. But, a lot of them are just one module in a WSQ “framework”. There are WSQ frameworks for a selection of categories, consisting of service Excellence, Retail, and innovative Industries.

Inside each framework, there are several qualifications, inclusive of a sophisticated certificates or diploma program.

The WSQ professional degree in leadership and that management program, as an example, is targeted at department managers. It entails approximately 8 modules or about a complete of 220 – 260 training hours. The cost alone should be approximate $3,000. It’s quite the commitment, to mention the least. And it’s virtually going to set you back by using greater than what you’re getting in your Skills Future credit score subsequent yr.

But hi there, to procure a $500 discount.

3 Are you virtually mastering a talent?

One course, called “management for outcomes”, organized via the Singapore country wide Employers Federation, charges $195 for sixteen education hours. The goals of the route are as an alternative numerous, which includes “organizing performance control requirements and fulfillment standards” and “facts analysis in tracking performance”. However, we need to surprise, in sixteen hours, how a lot can one definitely research?

One ought to argue that, seeing that this specific route is centered at senior management, the skills aren’t exactly taught but reinforced. Furthermore, if done over an extended time period, there might be greater opportunity to exercise what had being taught.

However, in truth, most senior managers don’t have the time to do the path part-time. They generally tend to get an afternoon or off for education and then it’s back to the grind. The onus is probably on the man or woman to remember what they’ve been taught. Which brings me to my subsequent factor.

4 Could training providers take gain of Skills Future credit?

Throughout my quick stint in a bakery, I needed to first attend a simple meals handling course licensed through WSQ. It changed into grandly titled “follow meals and Beverage safety and Hygiene policies and tactics”.

The route took the entire day, even though we spent more time in the lecture theater than absolutely having hands-on practice. By way of the end of the day, I realized I had spent extra time education to sleep with my eyes open that genuinely mastering something food related. However, due to the fact I had paid the $a hundred and fifty route rate, I were given the certificates and became now certified to preserve my actual gaining knowledge of journey inside the bakery.

Because it seems, this equal path is conducted by means of numerous training classes. I just “lucked out” that I was given trainers who were possibly greater inquisitive about incomes my cash than in truly making sure I learned whatever. Should there be possibilities now for more schooling companies to inflate their route price, specifically since it doesn’t pop out of your pocket, however instead from your Skills Future credit score? Time will tell.

5 Just how frequently is Skills Future credit score topped-up?

We cited earlier that a “WSQ framework” may want to cost within the region of $3000. Right now, there’s no clear indication yet as to when the Skills Future credit is being topped up. We don’t understand how frequently and through how a great deal. Until such records are made regarded, it would be tough to decide on any framework.

Even if such information have become available, it may not be crowned up at a rate that might suit your selected mastering pace. in case you planned to finish the above-referred to expert degree path in 2 years, for example, however, did now not get hold of sufficient Skills Future credit to fully subsidize your mastering, you may unavoidably need to pay a part of the direction price yourself.

So how?! Can those new “competencies” in your “destiny” get you any real “credit score”?

It’ll begin you off in small steps, with little quick guides here and there. Get you a certificate of Attendance or two, and perhaps activate some interest in a new enterprise – it won’t but, be a sports changer on your profession. That’s going to need quite a few extra work and money, but howdy, any AngBao is better than no AngBao.

Source: blog.moneysmart.sg

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Online Advantages and Disadvantages of the Latest Accounting Software

Online advantages and disadvantages of the latest accounting software

One of the biggest questions we receive as accountants is “what is Xero” and “should my business be using it”? This often leads to a few more questions that address cost, secure data storage and my favorite will Xero stop the grey hair! Well the good news is both MYOB and Xero have set out to make your life a little easier, with the advancement of cloud based online technology.

As our Accountant and advisor, we should do hard work for you. I’ve contacted both MYOB and Xero, to work out which product best suits client needs. I found that each product (and by product) has its own features that won’t necessarily fit every client. For example, business with stock control and foreign exchange transactions would not suit the Xero model and would be better off staying with MYOB Premier. But for the small to medium sized business, where typically the owner also works in the business, the offerings from Xero are more attractive, offering efficiencies that are simple and easy to adopt.

Below is comparison on price between MYOB and Xero:

• MYOB: Essentials is purely online, with cashbook costing $16/mth and Accounting $29/mth. It’s similar to Bank Link and in my opinion is overpriced.
• Account Right Live: can be used on the desktop or via an application online. It is not completely cloud based. Basic is $30/mth, Standard $43/mth and Plus $80/mth. We have found the package runs very slowly, but MYOB promises that they are upgrading the software.
• Account Right Premier: Only available for the desktop, has inventory management and foreign exchange capabilities. This is typically used by our larger business clients.
• Xero does not have stock control feature in the packages. Xero has advised that in the short term they will be introducing the feature. Monthly fees are as low as $25/month, but with all the required inclusions you’re most likely to spend at least $50/mth.

Both MYOB and Xero have taken the security of your data seriously. Both are using security systems that are safer than our online banking system. Although, we must stress that our data is not stored in Singapore, rather somewhere in Asia. At first glance I was concerned about this, but when you think of our everyday tech driven life, we are already facing this dilemma. Users of Ebay, email providers like Gmail and Yahoo all store our personal data in Asia with less secure systems.

Summing up, for most small to medium sized business, I recommend Xero’s $60 to $80 plan (depending on file size and number of employees). The Xero platform runs a whole lot faster, with the same functions as MYOB, with the capability to have add ons which sync with your iphone or smart phone. Better still, we found that Xero was receptive to the needs of smaller to medium sized businesses and more proactive to move with the times and technology advancements.

We should know about the right accounting software that fits your business. There are so many choices and not one product fits every business. With start of the financial year almost here, it’s a good time to start thinking about implementing changes including accounting software.

Source: www.linkedin.com

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What are the Demanding Situations of MYOB

What are the demanding situations of MYOB?

• A major difficulty for cloud accounting structures like MYOB is facts protection, with forty-six% of software recommendation’s survey respondents declaring safety is the pinnacle subject. This is due to the fact online content may be at risk of hackers, fraud, and different threats. However, MYOBinvests heavily in safety architecture and layout and in imposing enterprise satisfactory practices. Not many establishments can have the funds for this degree of security, including asecure user access and approval procedures.
• MYOB is not newbie-friendly. A company’s body of workers ought to learn on the software program to avoid employees persevering with inefficient guide tactics. Many corporations aren’t taking advantage of cloud automation, as they’ve gotten used to the limitations of the vintage solution. Consequently, it’s crucial to arrange for workforce schooling. MYOB offers loose webinars for MYOB necessities customers.

How do I implement MYOB?

• A powerful implementation of MYOB is a planned manner. Set up what effects you’d want to gain from an MYOB migration and communicate these to your assigned undertaking supervisor when you’ve downloaded the unfastened trial.
• MYOB implements the gadget on your necessities for you, which includes configuring assignments, templates, security, and workflows. Machine requirements for MYOB essentials are minimum, which include broadband internet, a preferred internet browser, and Adobe Flash participant.
• Set up workplace schooling. MYOB offers day publications and on-line seminars. These can be pricey, so identify the gadget admins who’ll have the maximum interaction with MYOB, have them attend and then they can teach the remaining group of workers at no cost. Make sure appropriate channels for theguide are open. MYOB offers support thru phone from 6am to middle of the night.

MYOB gives a value-powerful solution for firms trying to get rid of manual processes and streamline not simplest their accounting, but develop a strategic method to the destiny. organizations leveraging this era are given the possibility to do away with the inefficiencies retaining them again from attaining their authentic ability.

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What’s So Excellent about Skills Future Credit?

What’s so excellent about Skills Future Credit?

So that you may additionally have already got heard that the price range 2015 announcements protected a few goodies for any and all Singaporeans itching to analyze a few new abilities or upgrade their current ones. Now before you rush out and sign up for a grasp’s degree or a few Ph.D. program from China, you may need to ensure you know the way a good deal became given.

We got $500 of capabilities destiny credits. Now the query is genuinely what you can do with this that’s truly going to be beneficial for your career – To get you an advertising, enhance or something apart from some time off to attend a course.

What’s talents future credit?

This is a quantity given to Singaporeans elderly 25 and above. The preliminary amount is $500, so one can take delivery of to approximately million Singaporeans inside the first zone of 2016. Even though details have no longer been given but, there will be further top-ups in the future at regular periods.

The credit can only be used for schooling and schooling in authorities-supported guides. Those include guides at polytechnics, universities and even institutes like LaSalle College of the arts. You can additionally use it to subsidize courses by way of the team of workers improvement Authority or WDA. , the human beings in the back of the team of workers capabilities qualifications program or WSQ. For a full list of publications, test out the Skills Future route directory that’s been installation.

They’re those who help with mid-profession shifts, like into enterprise management or human assets. Do you watch you’re capable of commit to a few 200 to three hundred hours of schooling that ends in a sophisticated certificates or degree? If so, then probably the Skills Future credit will make contributions a teeny weeny bit in subsidizing your schooling.

In any other case, if you use the Skills Future credit to just attend one or two workshops, all you’ll come back with is a pretty certificate acknowledging your attendance.

It’s definitely no longer going to get you that a whole lot towards a enhance, advertising or profession switch.

It’s the equivalent of supplying you with arcade tokens. There’s no cash cost, it’ll disappear quicker than you recognize, and no matter how lengthy you play, the great you can hope for is bragging rights.

Okay, so what publications am I able to use this credit to subsidize?

At present, not anything has been found out about exactly what courses at polytechnics, universities and different institutes of higher mastering are eligible for Skills Future credit score usage. We do recognize that everyone the WDA guides are eligible, all 8,841 of them!

They arrive in all shapes and sizes, from administration to veterinary science. There’s even a direction on staging a Play, for those of you who need to elevate your wayang standards within the office.

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