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There are many different types of accounting systems. We can help you choose the ones that suit your business the best. The systems specialised are MYOB, Xero, QBO, Class and Receipt bank. In SME businesses, many think additional reports like BAS are unnecessary. However, the computerization of business accounts can thoroughly provide automatic reports to the government, which lessens the hassle in operating businesses.
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Ease of Use
MYOB is the traditional brand and is easy to operate with a few hours of learning. However, its reporting function options are more geared towards the needs of a professional accountant, which makes it less attractive for business owners. MYOB was created as a desktop based software and later moved to the cloud.
Xero on the other hand offers a few subscription options based on your business size. It has been designed by keeping the user experience in mind. For online support, the software also provides a training facility.
Quickbooks Online (QBO) is own by Intuit and it is the largest accounting system on a global scale. They are offering very competitive pricing in Australia to gain market shares. They offer telephone support and allocate a great deal of resources to support the accountants and clients.
Xero is the ideal application for providing easy solutions for businesses. They have a open API apporach and are integrated with many other software providers.
MYOB offers automatic solutions to manual tasks, however, it is not as efficient and detailed as Xero and QBO.
QuickBooks Online is a reliable software for users with preliminary experiences in automation.
Did you know ...
- Each accounting system has its unique feature.
- It is compulsary to use a software when you have employees and payrolls.
- Your accounting system can integrate with AI systems.
- You can …
“I do not fear computers. I fear the lack of them."
— Isaac Asimov.
plan of action
know your Goals
Do NOT trap yourself into selecting the best solution as there is no such thing. Each option is double edge sword and there are pros and cons. It is important to know your goals before discovering solutions with us. What your goals? Tips: pay less tax and earn more wealth are NOT goals, they are habits.
Think about your goals and what you really need.
Stick to your plan but don’t be stubbon. Do it right.
Review your plan, review the situation and adjust them accordingly.