MYOB Accounting Software an Introduction

MYOB, Mind Your Own Business

Is the name of an Australian multinational corporation with operations in seven countries. The company provides software and services to small and medium businesses, and is particularly well-known in Australia and New Zealand. MYOB's product and services for businesses range from entry level accounting software through to multi user enterprise software (MYOB Exonet and MYOB PayrollEnterprise). Other products include retail point of sale software, asset management, payroll, payment services, practice and tax software and E-commerce solutions. Software products are provided for both Microsoft Windows and Apple Inc. Mac OS X operating systems.

For accounting practices, MYOB offers firm-wide operations systems incorporating client management, document and workflow management and tax and compliance processing systems. MYOB also offers outsourced compliance processing services for accounting practices in Australia, New Zealand and the United Kingdom under the service brand of MYOB Accountants Resourcing.

MYOB has over 700,000 client businesses including over 10,000 accounting practices in Australia, New Zealand, Hong Kong, China, Malaysia, Singapore, United Kingdom, Ireland and United States.

The MYOB small business accounting range has at its core a DBMS. Data input is stored in form of database. The database is separate from the DBMS and easy to backup and restore in way of father and son method. For external audit purpose, you may define 13 months or 12 months a year. Also you can define preview of the real time financial statements statue after data input without posting. The administrator has the absolute authority to define the setting to control users' human errors. The MYOB small business accounting software has audit function to trace and report who has done and what has changed the database before.

Please continue with the next post to know better about its performance.

(with courtesy to www.wikipedia.com)