MYOB Accounting

Screenshots MYOB Accounting Software

MYOB Accounting is GST ready

• Allows user to create new tax codes, and link to ‘GST collected’ or ‘GST paid’ accounts
• GST ready invoices
• Link tax code to every stock item, and let the system calculate the appropriate tax amounts
• Set a default tax code for your customer and supplier
• Report all transactions with both default and the user-entered tax code for the transactions
• Filter the Tax Code Exception reports to view transactions where the default tax code has been changed, or where no tax code have been entered
• Enter an unlimited number of sales tax codes, including duties, on the invoice
• Report on either a cash or accrual basis, and work with both GST inclusive or exclusive prices

 MYOB Banking functions

• Bank register allows you to see a running balance of your bank account status 
• Drill down from the Bank Register / Transaction Journal to the source of the transaction
• Enter line memo for every transaction
• Prints ‘payment vouchers’ and cheques
• Include logos and specific instructions on payment vouchers and receipts
• Save recurring transactions to be performed accurately and on-time 
• Set a reminder schedule for regular transactions
• Display and alerts user on the due date of the recurring transactions
• Access past transactions and create new transactions from the Bank Register
• Reconcile bank accounts as of a past date
• Undo previous month’s bank reconciliation when reconciled in error
• Enter interest earned and service fees from the Bank Reconciliation screen
• Drill down from Bank Reconcile screen to original transactions
• Enter bank statement date to show only transactions applicable to that date
• View a list of banks and the date it was last reconciled
• View previous bank reconciliation report
• Get a report on your undeposited funds
• Receive warning if duplicate Cheque No.

MYOB Card File functions

• Capture and manage extensive contact information for customer, supplier, employees and personal contacts
• Store up to 5 addresses per customer or supplier,  each with 3 phones, an email,  web address and fax number
• Customize data presentation for each customer and vendor – default salesperson, default sales/ expenses account code, default invoice format
• Create letters with one-click access to Microsoft® Word and let MYOB fill in personalized information on letter templates, such as amount owed for collection letters
• Create custom lists and fields for contacts
• Lets you maintain a detailed contact log for every card
• View a summary of contact notes
• Group contacts according to identifiers
• Generate mailing labels
• Mark unused contact cards as inactive
• Search by individual, company, postcode range, last contact date and more
• View 5 year snapshot of your customer and supplier history

MYOB Sales functions

• Easily customise your invoice format, add logos and specific instructions
• Add lines, headers, subtotals to invoices
• Create quotations, and orders and change to invoices easily, without having to re-type
• Create a memo for each line on an invoice for better tracking: view a memo report
• Set credit terms per customer or sale
• Track the referral source of your sales
• Save sales transactions as recurring for repeated use
• Print/ Email sales quotations, delivery orders, and invoices to your customers
• Email customer statements from  MYOB
• Enter a default email message for emailing sale invoice, or customer statement
• Use the Sales Register to view sales status and create sales invoice, quotation, orders
• Drill down from sales register to access original information
• Access a customer activity statement for a date range
• Look up an invoice by invoice No. or customer PO No.
• Track backorder quantity on invoice
• Receive warning if duplicate Customer PO No. or Sales Invoice No. is entered
• Set and enforce customer credit limits, and place customer accounts on hold 
• Prevent users from recording sales if customer’s account is overdue, unless authorized
• Display the total of all balances for your customers and the current balance of the Control (“Linked”) Accounts and compares them
• Analyse sales by salesperson
• Analyse profitability by product and customer

MYOB project management

• Track profitability by projects or cost centres, by using ’job list’ 
• Track Job revenue, direct costs, expenses,
• Track budgets for jobs
• Track categories for division/ departmental reporting
• Receive warning alert if user does not enter the job code or  category code for transactions
• Run  an exception report to view all transactions where there are no job codes attached
• Enter expenses to be automatically reimbursed from jobs

MYOB Security functions

• Audit trail of transactional changes (delete, modify) and system changes (add, delete, modify)
• Unlimited number of password-protected user profiles
• Control which screens, reports, and menu items each user has access to.
• Locks the previous month transactions
  
  
• Inbuilt Data Auditor to detect common processing errors
• Easily backup your data to any medium

No accounting experience

MYOB system does not require the user to have any accounting experience to use the system. 

MYOB Accounting system  takes care of the double-entry accounting entries for you.   It will post the transactions to the relevant accounts, and will generate the Trail balance, Balance Sheet and Income Statement automatically for you.