MYOB Software Roll Out New Cloud-Based Accounting

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If you’ve ever thought about scrapping the desktop when it comes to your operations and accounting software, and maybe even finding yourself with a little more recreational time, a new product launching soon from MYOB software may be something to investigate. Like its name, MYOB software (Mind Your Own Business) is helping you as a business owner, access your business information and financials anywhere, anytime, with new software advancements.

MYOB software Goes to the Cloud

A recent announcement from MYOB software –  the Australia-based, mega-provider of tools for accounting, retail operations and payroll for small and medium-sized businesses – says the company is planning to roll out a collaborative accounting software tool built for compatibility with the Azure platform from Microsoft.

The new MYOB software is being compared to the Apple iTunes technology, where a basic storehouse of customer data and preferences are kept together and can be synched to multiple devices. Ultimately, MYOB software is creating a new communication outlet between your small business and your accountants, your bank and your bookkeepers. Data from numerous databases can be brought together in one Azure-based cloud.

What this means to you, and thousands of other MYOB software clients, is access to cloud-computing technology that helps you keep track of up-to-the-minute financials, accounting reports and operations from a central data source. In other words, you can keep track of detailed business accounting or almost anything else – while you’re on the beach, in the airport, or in your pajamas – knowing you’re accessing the most current and comprehensive files from across your company.

Changes in Store for MYOB Software

You may already be one of  millions of MYOB software users who utilize its desktop-licensed tools, but the new offering could mark a change of course toward complete, subscription-based tools. The new MYOB software will be the biggest of its category to launch on the Microsoft Azure platform, and comes after three years of MYOB research and an investment of more than $75 million.

Want to pick where your cloud accounting software system is based? You’re in luck. The new MYOB software will let users choose geographic locations for the data. You can still use the desktop portion of the new MYOB software tool, but accountants, banks and company leaders can also view it and use it from this cloud based accounting software system. The versatility of the tool is the product of surveys with customers, who reported wanting several options.

At least 10,000 accounting practices and a million businesses have become automated through MYOB software since the company was founded in 1991. MYOB LiveAccounts is a recent addition to their software lineup, which is a software service based online that brings multiple accounts and banks together.  With a low monthly cost and a free trial period, the new MYOB software subscription could be another tool in your arsenal to take the frustration out of managing multiple business accounts.

While MYOB software tools aren’t the only options for streamlining your accounts, banks and accountants’ outputs, the new offerings are demonstrating that business leaders are looking for collaborative products that make life simpler, and free up a little more time.