What is MYOB?
MYOB is a tax and accounting software company in Australia. It is a physical installation-based or cloud-based tax and accounting software. It offers business management solutions to both small and big businesses. Businesses can use this cloud-based accounting software to manage their cash flow and ATO compliance requirements.
What are the Advantages of MYOB?
Saves Time
It is essential to regularly check the state of your business finances. It, however, takes time to manually extract and sift through data. It is easy to use MYOB to generate reports and invoices. You can use MYOB to study your order invoices, sales records and cash flow to help you make better decisions.
Faster Input
Manual entries take more time to complete. It even takes more time to create headings or labels. It is also difficult to use manual systems since they are more complex. If your manual system is more complex, it can even take more time. It is easy to MYOB, so it allows faster input.
Improves Accuracy
MYOB improves accuracy since there are fewer areas to fill. It can, therefore, reduce your errors to save you time and money. It improves accuracy since the software may require one figure for each transaction. It is, therefore, easy to monitor your tasks and double check your entries.
Easy to Make GST Filing
It is easy to use MYOB to run any report since all the information are compiled. MYOB also automatically creates the figures for filing a normal GST return. Therefore, you do not have to spend so much time sifting through multiple sheets as you attempt to extract details.
Reduces Your Costs
You can use MYOB to easily access up-to-date and accurate financial information. It can, therefore, reduce your audit and accounting expenses. It is, however, expensive to use the complex manual system. You may have to hire someone to help you with your complex manual system. Hiring someone can cost you money.
Why Do You Need an Accountant If You Have MYOB?
You need an accountant if you have MYOB to help you set up MYOB and do your payroll and your BAS. In addition, your accountant can help you with tax planning, prepare and lodge your tax returns, set budgets, apply for an ACN or ABN and set up your business’s legal structure.
Why Choose Perth Mobile Tax?
Perth Mobile Tax not only provides tax returns and bookkeeping services. They also provide real value-added services. They can help you identify opportunities hidden in your numbers. They can save you time and costs and boost your profits.
