Australia’s leading accounting software provider MYOB has announced Essentials Cashbook has launched as a general release after a successful pilot program with more than 200 accounting partners.
Essentials Cashbook is part of the new MYOB Essentials range, announced earlier in the year at MYOB’s annual roadshow. Essentials Cashbook is a cloud solution designed to help accountants and bookkeepers as business advisors to work more closely with clients with straightforward accounting needs, and help manage their business on-the-go. It’s available exclusively through MYOB partners and accountants.
General Manager, Accounting Division, Adam Ferguson says the release highlights the company's commitment to making business life easier for advisors and their clients.
"Essentials Cashbook enables advisors to easily manage 'cash business clients' and provide real-time insights into the state of their client’s finances. This can add real value to the client relationship where advisors can make adjustments and provide advice throughout the year not just at tax time.
"The solution has been designed to help accountants, bookkeepers and their clients gain back the hours spent on bookwork. Essentials Cashbook is an ideal solution for accounting practices and bookkeeping businesses with start-ups or cash clients who currently use manual ledgers, or desktop cashbook solutions but are ready to move online.
"Over the last four months, Essentials Cashbook has undergone a rigorous beta and pilot testing program to gain the seal of approval. Following the success of the pilot, we have added a number of enhancements to the general release to increase collaboration, improve functionality and extend reporting capabilities."
Rob Marshall of Ebiz Solutions says,"Put simply … I am loving what I see with MYOB Essentials Cashbook. It ticks a lot of boxes for me and our bookkeeping practice."
Accountants can now invite other people in their firm to use the software, without the need to setup new logins or passwords. A notes function has also been added to make it easier for accountants and clients to track a threaded conversation about a specific transaction.
The cash flow reporting function has been extended to include detailed source transactions, making auditing and analysis easier. A profit and loss report, as well as a trial balance report has been added, with plans to include a balance sheet in the near future. In addition, users can now import raw data with all the information needed to setup new accounts.
"The beauty of the online platform is its ability to allow us to be responsive we are continually listening to feedback and looking at how we can integrate greater usability and functionality into each release," says Mr. Ferguson.
"We will be adding more reporting features and further enhancements based on user feedback. We are currently developing the integration of Essentials Cashbook to our accountants practice tool, Client Accounting, to continue to deliver on our common ledger vision."
The price for MYOB Essentials Cashbook is $16 per client cashbook per month (inc. GST). For more information, visit: myob.com.au/essentialscashbook
*To celebrate the launch, MYOB Essentials Cashbook is available in Australia free of charge until 30 June 2014.
Contact: Mitchell Hunt - Haystac Public Affairs Senior Account Manager
P: +61(2) 8094 7739 / M: +61 (4) 2822 4961 - E: myob[.]haystac.com.au.
About the MYOB Business Monitor
Established in 2004, the MYOB Business Monitor is a national survey of small and medium business owners and managers, commissioned to independent market research firm Colmar Brunton. The most recent study ran in July and August 2013, surveying 1,022 operators from sole traders to mid-sized companies, representing the major industry sectors. The Monitor researches business performance and attitudes around areas such as profitability, cash flow, pipeline work, technology usage and government. Note: the weighting of MYOB client and non-client respondents is reflective of overall market proportions. This media release details the survey findings for the 300 importers and exporters in the respondent pool.
About MYOB Australia
Established in 1991, MYOB (myob.com.au) is Australia's largest business management solutions provider. It makes life easier for approx. 1.2 million businesses across Australia and New Zealand, by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and now spends more than AU$30 million annually on research and development. In 2013, MYOB expanded its offerings with the acquisition of accounting solutions provider BankLink.