Many businesses around Australia have chosen to invest in MYOB Advanced due to all of the benefits it provides. It is a powerful management tool that provides an end-to-end solution to ensure the operations and management for the leadership team of a business are made easy. It is an especially great tool for more complex businesses because it makes the process easier and can free up employee time.
There are so many different features within the MYOB Advanced tool, with all of them designed to make the running of a business a lot smoother. It also helps improve the communication within the business as well as stakeholders outside the business. One of the things about MYOB Advances that businesses love is its ability to hold multiple businesses within one enterprise through reporting and General Ledger.
Have a read on below to find out more about the features of MYOB Advanced:
How MYOB Advanced Works
One of the best things about MYOB Advanced is the flexibility and it helps provide a great platform for transactions. For example, transactions that cross between departments within the business can be configured properly.
As well as this it can also configure transactions between different companies that operate in different locations. This means if you have a number of different companies working under the same umbrella, managing finances is much easier.
Balance sheets can be notoriously difficult to manage, but not with MYOB Advanced! This is because there is only one centralised reporting system, which consolidates the process, which means you and other employees have more time, which you can use on other important tasks.
Also, if you operate in a number of different countries with multiple currencies, MYOB Advanced can help make the process easier, so you don’t have to worry about exchange rates all the time. Expenses are always coming in thick and fast, but this tool can help to develop a proper schedule so you know when you have expenses to pay.
MYOB Advanced is particularly great for those businesses that are currently fast-growing and scaling up. If additional expansions are on the horizon for your business then this tool is certainly worth considering, as it will really help with the range of operational requirements for now as well as for in the future.
Additional Benefits of MYOB Advanced
There are so many more benefits of MYOB Advanced than just the basics of how it all works. One of the main benefits comes from the fact that this tool is cloud-based. As all of the business’s details are on the cloud, you can access it from anywhere at any time.
So if you are working from home or going away for the weekend, you can still access the details if you need to, so you will always know what’s going on with the business, no matter where you are. You could literally be right across the world and still be able to keep in touch with everything.
As well as this, you can trust that your data with MYOB Advanced is extremely secure. There is a backup of your data every night and it copies the data on multiple zones, meaning if there is a glitch or system failure you won’t lose all of your data.
Productivity is also improved with this tool. Managers and other leaders don’t have to be physically in the office with their team to check on the progress of the work. With MYOB Advanced helps employees multi-task better as well as helps them check on other departments so everyone is on the same page.