In the past, bookkeeping was a task that was handled by bookkeepers and accountants only. They had to manually record all the transactions and make sure that all the accounts were reconciled. Since everything was done manually, there was always a chance of human errors occurring. However, as technology has developed, new and improved methods of recording transactions have been introduced which don’t make mistakes. There are accounting software available today that have made the lives of bookkeeper and accountants a lot easier. If you ever wanted to know more information about the internationally renowned best selling software, MYOB and QuickBooks, you’ve come to the right place. We’ll help you determine which software is best suited for you and your small business.
MYOB
MYOB is the oldest accounting software. It was the pioneer in this field and to this day has remained one of the favourites for businesses in Australia when it comes to business accounting. The accounting a lot of excellent features to offer you such as bank feeds, simple and easy tracking of both GST and PAYG, automatic updating of all the accounts, and cloud backup. It is also very intuitively designed and doesn’t need much getting used to. MYOB is considered an ideal accounting software for small and medium-sized businesses.
The aspects in which MYOB falls a little short is pricing flexibility. Since it is not available as a mobile app, you need to buy the desktop-software it offers which has a very high upfront cost. Moreover, not being available as an app is a major issue as most people nowadays, use apps on phones instead of software on computers.
QuickBooks
QuickBooks is one of the newer business accounting platforms that has emerged only recently. However, in a short span of time, it has endeared itself to the business community. The amazing set of features that are packed into QuickBooks has made it quite popular with companies who want to automate their bookkeeping tasks. Some of the best features that QuickBooks has to offer include excel import of banking transactions, remote payroll assistance, user-friendly interface, and a budget-friendly price. Prices to use QuickBooks depends on how your business is performing, plans start from $10.50 - $28 per month. Also, the app versions are available for both GooglePlay and iOS stores and are compatible with both smartphone and tablet. So, you can use it on the go.
QuickBooks isn’t perfect, though. Its most annoying aspect is the limited number of users that it allows. Moreover, it doesn’t have many add-ons to offer you. This makes it difficult for you to perform additional accounting tasks.
Shoebox Bookkeeping is well-known all over Australia for its excellent online bookkeeping services. If you are confused between choosing QuickBooks or MYOB for managing the bookkeeping tasks of your business then give us a call today.
Since 2007, Shoebox Bookkeeping continues to strive and deliver the best service by "Empowering business owners to realise their business dreams”. So, if you need assistance in realising your small business’ true potential, contact Shoebox for a free consultation.
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