HISTORY and INTRODUCTION

AIS ASSIGNMENT

USHA

HISTORY and INTRODUCTION

MYOB is an Australian based company founded over 20 years ago is a deliver tools which is provider of accounting software of business management solutions to a million of Aussie businesses and Kiwi businesses the freedom to focus on the work they really love or on their business processes.

http://myob.com.au/myob-1258090781426

MYOB Account Right Premier is the perfect choice for businesses that want more powerful features in their accounting software and the people doing international businesses. It is easy and used for accounting management as well as managed all the aspects of businesses where account can’t go wrong. It has the convenience of invoicing, inventory and time billing, but with Account Right Premier you also get multi currency, multi-user access and a 12 month membership to MYOB cover.

http://myob.com.au/products/small-business/accounting-finance/accountright-premier-1258090694709#ixzz24vTJogTm

http://myob.com.au/products/small-business/accounting-finance/accountright-premier-1258090694709

COMPARING MYOB with AN EPICOR

MYOB Account Right Premier and An EPICOR are the two largest accounting and bookkeeping software companies on the market. Both are very popular and widely utilized program used in businesses and have the powerful features in their accounting software. MYOB Account Right Premier has the smarts and simplicity of account right plus with added flexibility of multicurrency and multi-users access. Both the accounting software are built to do same work as securing and protecting the data that been stored as they should be sync with one’s need, requirements and budget too.

Though the core functions of the both functions are similar but their features of the software are different as the software development company that has created windows and Mac to support two software.

http://www.compareaccounting.com/vendor-review/myob-review/

There are certain buyers who feel both the software target different market as the core of both accounting and bookkeeping companies end up doing the same job using different software by targeting market segments. Both MYOB Account Right Premier and Epicor offer efficiency and fast data retrieval, easy in making decision are a flash to install and used by big and small companies as they preferred.

THE ADVANTAGES OF MYOB ACCOUNT RIGHT PREMIER and EPICOR

MYOB ACCOUNT RIGHT PREMIER used POS software which assets management and payment services.

Allows the people to managed customers, vendors and employees all at one location and has unique functions to work with several currencies.

It is easy to use and accesses the accounting procedures management for business staff.

Whereas EPICOR has several version which are good for business users including sellers, manufacturers, retailers, non-profit entities, contractors, professional accounting firms and professional service firms.

As the government regulations varies from region and business needs. This version of software is used by the users and don’t have to versed with using Quick Books.

Thus both the software are unique on their way, one must keep in mind their business requirement along with expansion plans as accounting is a large selection of company’s requirements and should be within certain goals of business. As talking about businesses Australia and Kiwi used MYOB Account Right Premier software as the business management tools were as EPICOR accounting software is used by American business.

http://www.epicor.com/australia/Pages/default.aspx

THE MAIN FEATURES OF MYOB ACCOUNT RIGHT PREMIER

MYOB Accounting Account Right Standard is fully featured accounting software that lets you manage business essentials like invoicing, expenses, GST, jobs and inventory.

Stay AOK with the ATO
Account Right Standard calculates GST on a cash or accrual basis that is right for you and gives everything y that need to prepare the BAS. Import your bank and credit card statements from online banking and will reconcile any matching transactions – making hours of painfuldata entry of the past that has happened.

Knowyour businessbottom line
Account Right Standard comes with a Business Insights Dashboard which gives you the view of the business that have ‘at a glance’. With one click of view you as well as for everyone can see what’s coming in, what’s going out and have a fast answer to the age old question – how’s business?
Easy inventory manage

Easy inventory management system ensures everyone to know what’s in stock and what’s on order where they can reconcile inventory balances, assign descriptions/images, buy and sell in different units and back-order or buy stock at any time for ultimate control.
Smarter ways to manage jobs, customers and suppliers

This software automatically synchronise with Microsoft Outlook®, giving access to all your contacts at the click of a button that support everyone to do email purchase orders, quotes, invoices and remittance advices to customers and suppliers directly from the software itself – a real timesaver.

Google Maps integration
Need directions to a client or a supplier? Google Maps is automatically built into Account Right Standard, so everyone can plot their route, even check out Street by view from inside of the software. It’s just another way we can make things a little easier for us.

http://myob-accountright-premier.software.informer.com/

OPERATE IN MULTIPLE CURRENCIES for the people who do international business with its multi-currency features for record transactions in any foreign currency to simplify business import/export processes because cash flow is important to any business that helps to track any realised/unrealised exchange rate gains and losses too.

MULTI-USER ACCESS to the people who wants to access the accounts and payroll as their business grows and support the people to put MYOB Account Right premier on business network that makes many business staff to work on the accounts at the same time.

http://myob.com.au/products/small-business/accounting-finance/accountright-premier-1258090694709#ixzz251e2DJQJ

Small business benefit from the extra features found in the non MYOB and that fit in the AIS cycles.

EXAMPLE

Online bike exchange races to win Australian Business of the Year title

29 Aug 2012

Download Press Release

A boomingonline businessthat aggregates the products of 400 bike retailers and taps into Australia’s thirst for riding bikes has been named the 2012 Telstra Australian Business of the Year.
BikeExchange.com.au, an ecommerce site launched in 2007 by 20-something friends Jason Wyatt and Sam Salter, has given local bricks and mortar bike shops national reach and a chance to take their businesses to a new online audience.
The Victorian business, which attracts a million online hits a month, has experienced phenomenal profit and sales growth in the past year based on commissions fromeverytransactionand banner advertising on their website. The owners have plans to go overseas with their consolidated bike exchange and to open up to five other vertical product websites.
BikeExchange.com.au, which has a valuable database of 120,000 people and contains information and videos about bike holidays, events and product reviews , was also named winner of the MYOB Small Business Award at the 20th Telstra Australian Business Awards held inSydneytonight.
Other Awards winners, reflecting the strength of Australia’s mining and resources sectors included South Australian businesses Site med and John Nietzsche Drilling and WA based UON as well as Tasmanian value add agriculture pioneer Shima Wasabi.
Will Irving, Group Managing Director of Telstra Business and Telstra Business Awards Ambassador, said BikeExchange.com.au has a simple but compelling business model that provides its owners with access to the inventory of hundreds of retail outlets and manufacturers.
“The Awards judges said the ecommerce platform they’ve created has theimmediate potential to grow into other retail sectors locally and internationally, giving new opportunities for Australian bricks and mortar stores to access new online customers,” Mr Irving said.
“The business has no debt, strong intellectual property and a scalable model that can be duplicated at marginal cost, all clearly identifiable success factors. Their growth in revenue, database and traffic is impressive with profit up 900 per cent, turnover up 123 per cent and margins rising 450 per cent in the past year.” Tim Reed, MYOB CEO, said: “The MYOB team is delighted to congratulateBike Exchange.com.au on such well-deserved national recognition. What a thrill to be chosen as the very best in a country that produces exceptional small business success stories.
“BikeExchange.com.au is a terrific example of what can be achieved in business if your team has the passion, drive and leadership to perform at an exceptionally high standard. Our increasingly digitaleconomyintensifies the need to beincreasingly competitive,” Mr Reed said.

http://www.telstrabusinessawards.com/news/2012/online-bike-exchange-races-to-win-australian-business-of-the-year-title-424.aspx

CONCLUSION

MYOB Account Right Premier and EPICOR which are the biggest widely-utilized accounting software the easiest and supportive tools to the people who used in running the businesses in both small and big companies. This software are helping people to do their jobs easily as they wanted and making the accounting people working in the company and doing their business in perfect way. That’s how these software plays a vital role in the business sectors and making the business grows and people are feeling more secure and protective by using these tools to managed accounting.