The Basic Financial Whiz Kid

Category: Review on MYOB Business Basics

Posted by: 2-Jul

Strengths: Quick, easy to understand, covers a wide range of financial transactions

Weaknesses: Has only basic features

The MYOB Business Basics serves as an entry-level accounting program that can help you keep a tab on your cash flows, thus eliminating the need for a dedicated finance department.

Since the MYOB Business Basics is aimed at small traders, it doesn’t offer multiple features. Moreover, the software comes with sample files to help you familiarise yourself with Business Basics sooner. This office software covers three categories- Accounts, Banking and Sales. It comes with a general ledger, cashbook and accounts receivable. You can be upgrading this software as your business grows. The program features a New Company File Assistant that will quickly take you through the entire process of creating company accounts.

Getting the bank reconciliation statements done with the MYOB Business Basics will be a breeze. You can analyse the financial position of your business because it lets you prepare more than 70 types of reports. Cheques and receipts can be directly printed. You can also e-mail invoices as PDF files and reports as HTML pages. This book-keeping package can be integrated with a contact management option to organise the cards of your buyers, suppliers and other personal contacts.

Automating your business process with the MYOB Business Basics will definitely help you save time and money. The MYOB Business Basics is the perfect choice for accounting novices.