Tag: MYOB

Cloud-based business solution launches new products.

In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most businesses, trade credit is essential for growth as businesses don’t have to pay suppliers on the spot but rather with […]

MYOB has teamed up with BPAY to offer a new invoice payment method, which was rolled out to MYOB customers last week (May 15), allowing businesses to get paid up to four times faster. MYOB Head of Product Marketing, Kim Owen-Jones said that giving customers the choice of BPAY as a payment method would provide […]

The permanent continuation of the $20,000 instant asset tax write-off scheme for businesses with up to $10million in annual revenue tops the Federal Budget wish list of Australia’s SMEs, according to research undertaken by MYOB. Originally set to conclude after 30 June 2017, the scheme was extended until 30 June 2018 by the 2017/18 Federal […]

The ACCC has expressed concern about the potential for an accounting software monopoly arising from MYOB’s proposed acquisition of Reckon’s Accountants Group. [Related: MYOB to buy a slice of Reckon for $180m] “If MYOB acquired Reckon’s Accountants Group, it would likely be the only supplier of practice software suitable for medium to large accounting firms,” […]

SME operators not only predict a lack of sales over the Christmas retail period, they also expect to be short on spare time, according to MYOB.  The cloud accounting provider’s latest SME snapshot reveals that business confidence is down due to the threat of bigger and online retailers entering the market from overseas. The majority […]

Cloud accounting provider Reckon is selling a 120-person division to rival MYOB for $180 million as it looks to – in the words of Group CEO Clive Rabie – “narrow [its] focus on the small business accounting software market”. Subject to regulatory approval by the ACCC and the NZCC, MYOB will acquire the assets of […]

Australia’s SMEs are increasingly turning to short-term freelancers in a bid to reduce their overheads, according to MYOB. As part of its SME Snapshot for November, the cloud accounting provider surveyed 395 SMEs about the freelancing economy. Of the SMEs that had used a freelancer in the last six months, a majority (89%) indicated they […]

The second round of the Federal Government’s $8 million Women in STEM and Entrepreneurship (WISE) grants program is now underway, with organisations encouraged to apply for funding to support activities that eliminate barriers to girls and women pursuing STEM education, careers and businesses. Funding between $5000 and $250,000 is available to businesses, not-for-profits, education provider […]

Australasia’s largest business management software provider, MYOB, supports the Government’s decision to encourage Australians to have their say on the nation’s digital future, following yesterday’s announcement of the Digital Economy Strategy. MYOB chief executive Tim Reed said the company would take this opportunity to make a submission on behalf of its 1.2 million small business […]