MYOB is set to deliver upgrades to both MYOB Essentials and MYOB Practice product suites this year, as announced at its INCITE national roadshow.
With MYOB Essentials, the upgrade will bring a “powerful reporting suite, a feature-rich, highly flexible payroll and mobile-responsive experience to the platform”.
MYOB Essentials customers will also have access to integrations from over 150 additional apps and add-ons.
The MYOB Essentials rollout will begin with new customers from March and a staggered upgrade to existing customers throughout the year.
The upgrade will give customers a streamlined product, saving time, reducing data entry and driving new insights into business performance, according to Dale Dixon, head of product at MYOB.
“We’ve listened to our customers and this upgrade has been built with them in mind — empowering accountants, advisers and small business with access to tools to help easily manage their financial performance and, ultimately, improve business performance,” he said.
For MYOB Practice, the compliance workflow will soon be available for all main entities, including companies, partnerships, trusts, funds and self-managed super funds, with individuals available for clients from mid-February.
Add-ons will be available for MYOB Practice for the first time, with an initial focus on practice management, CRM and compliance.
The update will also allow accountants and bookkeepers the option to lock files once the work is done.
“Our customer-led strategy is to create a world-class user experience for partners and customers that is simple and fast. We’ve significantly changed the way we develop and take products to market, with iterative releases which put new products in the hands of our customers as soon as possible,” Mr Dixon said.
“We’re delighted that our customers will be able to access these enhanced experiences this year and can’t wait to share what’s coming next.”
Are you thinking of expanding your offering into SMSFs to grow your client base? Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Earn up to 21 CPD hours! Learn more