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Business Software To Make Life Easier For SME's

New Wave Of Accounting Software Set To Make Life Easier For SME's

The new wave of accounting software MYOB is releasing contains a vast range of enhanced features designed to make accounting and tax compliance easier for small businesses.

MYOB, a Christchurch based software company, is releasing its newly updated accounting programmes to the New Zealand market in February.

Two of the enhanced packages are MYOB Accounting 2004 and MYOB Accounting Plus 2004.

MYOB is also releasing a new multi-user programme 'MYOB Premier 2004', a comprehensive package designed for New Zealand accountants, which allows multi currency accounting.

"We are really excited by the advances our design team have made in this upgrade and have no doubt users will find the enhancements useful in helping them keep track of their business' financial records," says Paul Jennings, MYOB SME Business Unit Development Manager.

Paul Jennings says all users will be able to improve their customer service with the ability to quickly and easily produce customised reports and receipts, allowing them to concentrate on other areas of their business.

The new inventory features enable businesses to keep up to the minute stock inventories, optimise stock levels and reduce the costs of inventory management.

Contactors, and any business, which carries out multiple jobs for multiple clients will benefit from the enhanced job organisation features. These ensure it is easy for users to keep track of jobs and simplify billing procedures.

Before upgrading the extremely popular accounting programmes, MYOB representatives travelled the length and breadth of New Zealand speaking with businesspeople using their software.

“This consultation gives us a greater understanding of what SMEs in New Zealand need from accounting software and was the driving force behind the enhancements we have made to our Accounting range,” says Paul Jennings.

"Not only does the new software include an enhanced help system, MYOB is expanding our call centre so clients will be able to access the support they need quickly. In addition, we are upping our investment in customer service personnel."

The new features include:

1: Improved Customer Service

1a: Easy-to-use reports –

Tools for customising reports have been reorganised and simplified allowing users to create the exact reports they need and quickly access them with the new 'favourite reports' feature.

There are an increased number of report filters allowing you to slice and dice data so only the information you want appears in your customised reports, and the new print preview function allows you to see exactly how your reports will look when they are printed.

Enhanced formatting features include the ability to adjust column widths and rearrange them using the mouse.

1b: Print receipts –

You can now print out receipts whenever a customer payment is received. Official receipts can be printed out individually or in batches and you can customise the layout of the official receipt to match your business.

These features will benefit every business, the ability to tailor-make your own reports and receipts is important. Users no longer have to try and make their business reports fit into someone else's template. Our new enhancements, enables you to present their customers with the information you want to, in a format that is easy for them to understand.

2: Inventory Audit Trial and Reporting –

The consultants who reviewed the new programmes have labelled this as one of the biggest and best changes to the product describing several of the new reports available as awesome.

The new Inventory Value Reconciliation Report allow the user to show the value of the Inventory Account at a particular date and reconcile that balance against stock on hand and related value figures recorded on actual transactions.

There is an Item Register in the Inventory Command Centre, which shows transaction information for all or selected items in a particular data range.

The new Item Register Summary and Detail Reports show a summary or detail view of all the transactions for a particular item up to a particular date, it then shows the total stock on hand and cost at that date.

These features are ideal for SMEs that hold stock to enable them to better manage inventory, optimising stock levels and enabling them to reduce the costs of handling stock.

3: Excellent Jobs Organisation –

Users are now able to keep jobs in perfect order with the new ability to use longer job numbers, a simplified system of designating jobs, the capability to import and export job lists and new job time billing reports.

The new reports will allow the user to view all of their time billing activity – in summary or in detail – by jobs. These reports can then be subtotalled by activity, customer or employee.

The enhanced job organisation features will benefit businesses, like contractors who deal with multiple clients and multiple jobs. The features give them quick access to view their jobs and simplify billing procedures, which have previously been something SMEs can struggle with.

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