It seems that every industry is obsessed by technology, but few properly understand the leverage it offers.
Since working with our business clients using MYOB’s cloud accounting products we still only find a handful of business owners who are actually aware of ‘the cloud’.
Those who have taken the step are experiencing real advantages in not only using a cloud product for their day to day accounting, but being able to collaborate with OBT to help make informed decisions in a more timely manner. We are seeing tangible gains by business owners who have made the switch.
One transport industry client, who previously only used BankLink feeds, made the full switch to MYOB and tagged on some extra MYOB training with OBT. After using MYOB for a few months they are now ready to attempt their own bank reconciliations and BAS return preparations.
They wanted to be more hands-on with their business by knowing what financial trends were emerging and to gain an overall understanding of how the business was travelling, which is exactly what they have now.
Clients who recently purchased a turf farm decided that using MYOB, in collaboration with OBT, would allow them to streamline the running of their new enterprise from a financial perspective and free up time to allow them to get on with the operational demands of their business.
One of our construction clients in the Northern Territory uses their ‘roving’ bookkeeper to run their payroll and accounts from wherever she is located. With MYOB AccountRight Live their bookkeeper, who knows their business extremely well, logs on and maintains the books remotely – all that’s required is a good internet connection. She keeps invoices, payments and debtors all up to date, from wherever she is, thanks to MYOB cloud accounting!
In an ideal world, the majority of OBT clients will be switching to MYOB cloud accounting products as the ATO will not be supporting older versions of MYOB for very much longer. We already know that version 17 no longer accepted by them.
MYOB AccountRight Live offers three levels of functionality, including a payroll module at its top level. MYOB Live Accounts is also a full cloud product that provides more straightforward accounting functionality. All MYOB’s cloud accounting products work independently as accounting software, and also provide extra insight when clients tap into OBT’s Business Solutions know-how to generate and analyse the extra reporting available to enhance their business decision-making in a timely manner. One of our trucking clients does exactly that to keep on the ‘straight and narrow’ when it comes to their cash flow planning.
Cloud accounting is exciting to say the least, but one size doesn’t fit all. That’s why we take the time to trial packages with individual businesses. OBT understands the process and MYOB have made it easy with:
- Automatic software upgrades as part of your subscription
- Specialised training available from OBT
- Considerable time savings in bank reconciliations and data processing time
- Plans for mobile and hand-held accessibility, credit card processing and remote invoicing
With real time, enhanced reporting at your fingertips, it’s worth checking out MYOB’s cloud accounting products as we turn the corner into the financial year-end. There are a number of ways to trial AccountRight Live and Live Accounts, including 20% off monthly subscriptions for 12 months until 31 March with a 90-day money back guarantee if it’s not entirely suitable.
Embracing cloud accounting is part of OBT’s accounting and tax vision to help clients streamline their data processing and save time on generating paperwork to collaborate and explore the other possibilities of their businesses, and address the issues that matter in a more timely, meaningful manner.
Call OBT on 5462 2277 to find out more or to organise a trial. If you already have MYOB annual licence cover, you can trial MYOB’s online services for free – there’s no obligation.