MYOB AccountRight Plus v19: A Comprehensive Review
MYOB AccountRight Plus v19 is a powerful accounting software that helps you manage your business finances, payroll, inventory, and tax compliance. It is designed for small to medium-sized businesses that need more than just basic bookkeeping. In this article, we will review the features, benefits, and drawbacks of MYOB AccountRight Plus v19, and help you decide if it is the right software for your business.
Features of MYOB AccountRight Plus v19
MYOB AccountRight Plus v19 has a range of features that cover all aspects of business accounting, such as:
General ledger: You can record and track all your income and expenses, create budgets and forecasts, and generate financial reports.
Banking: You can link your bank accounts and credit cards to MYOB AccountRight Plus v19, and automatically import and match your transactions. You can also pay bills, receive payments, and reconcile your accounts.
Invoicing: You can create and send professional invoices and quotes to your customers, and track their payments and overdue balances. You can also apply discounts, surcharges, and GST.
Payroll: You can process your employees' pay runs, calculate their taxes and superannuation, and generate payslips and reports. You can also comply with the Single Touch Payroll (STP) reporting requirements.
Inventory: You can manage your stock levels, track your purchases and sales, and calculate your cost of goods sold. You can also set up multiple locations, units of measure, and price levels.
Tax compliance: You can prepare and lodge your BAS and IAS online, and claim GST credits. You can also generate tax reports and summaries for your accountant.
Benefits of MYOB AccountRight Plus v19
Some of the benefits of using MYOB AccountRight Plus v19 are:
Flexibility: You can choose to work online or offline, and access your data from any device. You can also customize your software to suit your business needs and preferences.
Security: Your data is encrypted and backed up automatically in the cloud, so you don't have to worry about losing or compromising your information.
Support: You can get unlimited phone and online support from MYOB experts, as well as access to online resources, webinars, and forums.
Updates: You can get regular updates and enhancements to your software, as well as compliance updates to keep up with the latest tax laws and regulations.
Integration: You can integrate your software with other MYOB products and services, such as MYOB Essentials, MYOB Kounta, MYOB PayBy, and MYOB Invoices. You can also connect with third-party apps and add-ons from the MYOB Marketplace.
Drawbacks of MYOB AccountRight Plus v19
Some of the drawbacks of using MYOB AccountRight Plus v19 are:
Cost: MYOB AccountRight Plus v19 is not a cheap software. It costs $109 per month or $1,299 per year for a single user license. You also have to pay extra for additional users or features.
Complexity: MYOB AccountRight Plus v19 is not a simple software. It has a steep learning curve and requires some accounting knowledge and skills. It may not be suitable for beginners or very small businesses.
Compatibility: MYOB AccountRight Plus v19 is only compatible with Windows operating systems. It does not work on Mac or Linux computers. It also requires a high-speed internet connection for online access.
In conclusion, MYOB AccountRight Plus v19 is a comprehensive accounting software that offers many features and benefits for small to medium-sized businesses. However, it also has some drawbacks that may make it unsuitable for some users. 061ffe29dd