What Is the MYOB Accounting Program?

A close-up of a pen and an invoice.
A close-up of a pen and an invoice. (Image: AndreyPopov/iStock/Getty Images)

Created to help Australian small businesses handle their accounting needs, Mind Your Own Business also offers products to assist with payroll, retail point of sale, job management, tax solutions and websites. MYOB created numerous accounting programs that fit the needs of a variety of types and sizes of businesses.

MYBO Essentials

Each of MYOB’s four main accounting programs has its own features and functions. The MYBO Essentials Accounting program offers all the basics a small business would need to take care of daily bookkeeping and manage invoices, taxes, cash flow and payroll. You can run MYBO Essentials from a computer, tablet or smartphone. Customers can use MYBO Essentials on a month-to-month basis with no long-term contract.

Advanced Programs

AccountRight Standard provides the same features as the Essentials program, but also includes inventory management tools. AccountRight Plus offers everything AccountRight Standard does, along with project and job tracking and the ability to pay employees. It also provides the ability to create 150 types of accounting reports. AccountRight Premier offers all the features of AccountRight but allows you to use those features to manage two companies with one account. You can also add services like PayDirect, which allows you to take payments from customers on the spot. MYOB created AccountEdge for Mac users to access the same features as the PC programs.

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