Accounting Software UK

MYOB small business software is now available to rent. In return for a small monthly payment, users get unrestricted access to their choice of accounting and integrated payroll systems: MYOB BusinessBasics, MYOB Accounting and MYOB Accounting Plus.

The new service offers a risk-free option for startups who are still assessing their IT requirements and need to control and track their operating costs. But it’s also a great choice for established businesses, since payments are 100% tax deductible. Prices start at just £9 per month, including VAT, and the rented software comes complete with MYOB Cover.

This rental model provides MYOB Professional Partners with a new revenue stream for very little additional work. Partners will receive a monthly payment for every client who enrols using a unique code supplied by the Partner to their customer.

MYOB will process the sale and supply the software, paying commission on all monthly payments allocated to the Partner’s code. If you’d like to get your own unique code for software rental please contact your Account Manager.

View a presentation

• View the Renting for Partners presentation (PowerPoint 486KB)

Find out more

Become an MYOB Professional Partner today and start earning monthly revenues from MYOB’s small business software:

web: www.myob.co.uk/partners
tel: 0845 130 3975
email: partners.uk@myob.com

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Viztopia Accounts Production is easy to use, flexible and automates many key tasks. It can save you time and money while producing a high-quality final output that exceeds your clients’ expectations.

Today VAP is in use at over 1,000 practices throughout the UK and Ireland, ranging in size from sole practitioners to 12 of the top 20 UK firms.

VAP modules

You can expand VAP’s feature-rich interface by adding one or more modules:

• Viztopia Accounts Formats
• Fixed Asset Register
• Invoicing
• Audit Journal Tracking
• Group Consolidations
• Data Conversion

You can also extend the functionality of MYOB Viztopia Accounts Production with MYOB PerformanceOptimiser , a powerful business advisory tool.

Features & benefits

Viztopia Accounts Production

• A comprehensive ‘cradle-to-grave’ accounts production system.
• Full import and export facilities to and from all leading software packages.
• User-friendly input of statutory information including detailed exception report on any omissions or non-compliance.
• Instant amendment for post trial balance journals.
• Comprehensive chart independent accounts templates to deal with all statutory and audit scenarios.
• Large, medium, small, abbreviated and FRSSE limited company formats, partnership and sole trader formats included as standard. Charity, LLP, pension, farm and group accounts formats templates also available.
• Ability to produce euro financial statements.
• Lead schedules, management accounts and analytical review.
• High quality, flexible output.
• Drill down from final accounts and nominal reports to initial point of entry.
• Quick and easy on-screen review and editing of final accounts.

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MYOB Accounting Plus with MYOB Cover

Welcome to easy accounting for your business

Whatever the size of your business, MYOB’s accounting software has the solution.  Whether you work in fashion or fencing MYOB has a simple way of making your books less of a chore and more of a doddle. MYOB Accounting Plus is a powerful multi-user business management programme for small or medium sized businesses.  It provides advanced stock, payroll and business management capabilities and will enable you to save time in management and analysis of your business.  The software also includes online payroll filing, allowing small businesses to receive tax free payments from HM Revenue & Customs up to the 2009 tax year. MYOB Accounting Plus includes a £50 Google AdWords voucher allowing FREE online advertising for your business*.  Smart.  Simple.  Sorted.

*Note: Google AdWords is solely responsible for services produced under the voucher and MYOB accepts no liability for their delivery.  Promotional credit is only available to new Google AdWords customers.

MYOB Cover

MYOB Cover provides:- Automatic upgrades of the product, Email support, 30 days installation support, 1 web-based training course to help you get the software up and running plus MYOB customer newsletters detailing special offers, business advice and software hints and tips.

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Small businesses in the UK are losing up to £4.8bn a year by spending excessive amounts of time balancing the books, it has been claimed.

Research by software and services provider MYOB found that almost half of small business owners believe that spending too much time on financial administration is having a negative effect on their firms’ profits.

The study found that the average small business owner spends the equivalent of 26 days a year on financial admin, compared to an average of just 14 days on annual leave.
This is perhaps unsurprising however, the survey found, given that a third of small businesses are using an Excel spreadsheet to manage their company’s finances, while a further 19% are relying on paper-based ledgers.
Wayne Schmidt, general manager of MYOB, commented: “With compliance and tax issues growing in volume and complexity year on year, the financial management burden is reaching a tipping point and is affecting the profitability and performance of many businesses up and down the country.
“Small businesses must implement more rigorous financial management systems and techniques to release the valuable time they spend on admin tasks and invest it in more profitable activities.”
Schmidt added that the use of more efficient processes would enable small business owners to invest more time in developing and growing their companies.

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Small businesses cry out for strategic guidance from accountants

• More than half (57%) of small businesses want more advice from accountants, not just admin
• More than half (58%) of small businesses face greater financial management pressures than they were a year ago
• Small businesses employ an accountant at five employees (76%)
• Accountants in Northern Ireland perform the best, with 93% of small businesses satisfied, compared to just 53% in Wales

London,  A survey of 500 small business owners (2-20 employees) by MYOB Limited today reveals that over half (57%) of small businesses are demanding more strategic advice from their accountants to overcome the mounting pressure of financial management complexities. This illustrates an important move beyond the traditional tax and VAT administration support that accountants are most commonly associated with.

The survey by MYOB, the accounting software and services provider, revealed that with almost half of respondents (43%) citing legislative compliance as a top concern, 57% want more compliance and legal advice from their accountant. A high demand for operational management assistance was also top of the small business agenda with almost half (48%) requesting payroll services. Small businesses value advice from accountants, with almost half (45%) asking for recommendations for accounting software to manage bookkeeping.

The statistics also show that once a small business reaches five employees, it is highly likely to look to an accountant for bookkeeping (76%). Tax returns are the most popular service with 60% of small businesses calling on accountants to help ease the tax burden. 35% use VAT returns and also auditing services to help run their business.

Accountants in some regions are not performing as well as others resulting in variations in satisfaction levels with the accountancy services received. Northern Irish practices best meet the expectations of small business clients with an overwhelming 93% saying they are satisfied with the services they receive. In contrast, the North East and Wales achieve 54% and 53% of satisfied small business customers respectively.

Simon Crompton, general manager of MYOB says: “The desire from the small business sector for a wider range of services from accountants is encouraging news for accountants. The statistics show that it is more important now than ever to seek ways to diversify your practice to offer a greater level of strategic and business advice to support smaller clients.

Crompton continues: “As staff retention and recruitment challenges continue to harm practices profitability, business services offer a breath of fresh air and a competitive advantage to practices wanting to grow. A strategic offering will help revive the staffing crisis and encourage practitioners that being an accountant can be far more rewarding than simply filing VAT returns.”

Media enquiries

For media enquiries please contact:

Nicola Truman, Kate Hamilton or Amy Gooch
Hotwire PR
Phone: +44 (0) 20 7608 2500
Email: myob@hotwirepr.com

For enquiries regarding MYOB products and services, please visit our Contact us page.

About MYOB

MYOB is a global provider of solutions that liberate business owners and accountants from the burden of day to day administration, empowering them to achieve business success. MYOB develops and delivers award-winning software, services and support for more than 500,000 businesses and over 10,000 accounting practices worldwide.

Owner-operated businesses are the most dynamic force in the world economy and yet they are universally challenged by limited resources. MYOB uses its knowledge, expertise and scale to help them build better businesses.

MYOB also works directly with accounting practices to streamline their processes and maximise their productivity. MYOB solutions are used by leading accounting practices from tax agents and sole practitioners to the ‘Big 4′ firms.

Through its understanding and partnership with both business owners and accountants, MYOB strives to further enhance the links between them for their mutual benefit.

MYOB Limited is a public company listed on the Australian Stock Exchange (ASX symbol ‘MYO’).

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