One of the oldest accounting packages for the PC, MYOB (Mind Your Own Business) is available in three versions: BusinessBasics, Accounting and Accounting Plus. All share the same interface, which reduces the chore of minding your own business. Here, we've looked at Accounting, the mid-range package aimed at small businesses.
New to version 16.0 is a number of features designed to speed up accounts management. A sales order can now be turned into a purchase order from the same data, MYOB contacts can be synchronised into Outlook, and bank reconciliations can be undone. Plus, there have been improvements to importing and exporting stock adjustments, payroll details and custom lists.
The new Payroll Verification report means that you can preview a payroll and review details for each employee, including wages, deductions and expenses. The software simplifies sending payment notification by drawing purchase numbers, dates and other details automatically from your accounts list into a customisable notification form. Central to this version is the Accounts List, which keeps tabs on assets, liabilities, capital, sales, income and expenses. However, while this database tracks your accounts, access to such things as banking, sales, purchases, VAT and payroll are all made via a simple front-end that streamlines each process as a chart. You could, for example, look at the progress made from making sales to receiving payments. Simply click on the section you wish to access and you will be taken to the transaction.
Verdict
Integration with Word, Excel and now Outlook, as well as an intuitive interface, makes MYOB easy to employ. More advanced users may wish to use the database drivers to access MYOB data from other applications. It's aimed more at business users than accountants, but comes at a good price in comparison with more advanced Sage products and has extra features over Intuit's QuickBooks.
Jason Whittaker
News source: www.pcadvisor.co.uk
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