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MYOB Extends SME Cloud Accounting Solutions with AccountRight Premier - Manage multiple users, inventory & payroll online and/or offline -
MYOB Extends SME Cloud Accounting Solutions with AccountRight Premier


PRZOOM - /newswire/ - Melbourne, Victoria, Australia, 2014/06/04 - Manage multiple users, inventory & payroll online and/or offline - ASX: MYO

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Australia’s leading accounting software provider MYOB has announced AccountRight Premier is now available in the cloud. It’s a powerful and flexible online accounting solution for mid-sized, established businesses with complex accounting needs including inventory and payroll management.

Formerly available as a desktop-only solution, AccountRight Premier provides the best of both worlds, allowing business owners and managers to work offline, online or both. This enables increased collaboration across their business and with their accountant or bookkeeper, creating a more value-rich partnership.

MYOB General Manager, Business Division, James Scollay says this is a highly anticipated release as it extends the technology company’s trusted range of cloud-based business solutions.

“As online tools and cloud computing become increasingly part of doing business, it’s important that businesses continue to embrace these technologies. Our years of conducting SME research shows us there is a strong correlation between solid business performance and online technology usage. For example, those who use cloud computing are 30% more likely to increase their revenue. We know online technologies can help many businesses become better connected, more productive and more competitive.”

MYOB AccountRight Premier is ideal for larger, established businesses particularly those who work with the intricacies of separate administration teams, and those who require complex stock management. It’s highly-suited to inventory-based industries, such as manufacturing and wholesaling.

“AccountRight is Australia’s most popular accounting software range, and the most feature-rich online accounting solution for small businesses. AccountRight Premier offers mid-sized businesses a smarter way to manage multiple company accounts, inventory and payroll, as it combines the benefits of speed and increased functionality with the flexibility of working anywhere in real-time.

“A key advantage is there are no limits on the number of users, transactions or employees - and at no extra cost. This makes it ideal for larger businesses with multiple team members and advisors working on the accounts in real-time,” says Mr Scollay.

To help make compliance easier with the Australian Taxation Office, software updates can be installed in less than 30 seconds. The payroll function now includes the ability to pay super contributions directly from the solution, and will with plans to include SuperStream compliance as and when required by the ATO.

In addition, AccountRight Premier includes the ability to link bank accounts securely to the solution where bank transactions are automatically imported and coded into the software a feature that can save 10 hours a month on average.

"The beauty of an online platform is its ability to allow us to be more responsive we are continually listening to feedback and looking at how we can integrate greater usability and functionality into each release. For example there is a ‘leave overuse’ warning for when employees have reached the limit of their paid leave - a popular feature request from our partners and clients.

“We’ll continue to deliver continuous updates and enhancements to the online version of AccountRight Premier, such as multi-currency, which will be available in late 2014,” says Mr Scollay.

A free mobile app enables Premier clients to invoice and check debtors from their mobile, take cash and cheque payments and automatically update the company’s cash position on-the-go. Clients can also take credit card payments via the app by adding MYOB PayDirect.

The price for AccountRight Premier is $99 inc GST per month, with a 12-month minimum term.

Contact: Mitchell Hunt, Haystac Public Affairs Senior Account Manager
P: 02 8094 7739 / M: 0428 224 961 / E: myob[.]

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 ( 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.

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MYOB Extends SME Cloud Accounting Solutions with AccountRight Premier

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MYOB Australia securities in any jurisdiction including any other companies listed or named in this release.

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