The advantages of using a computerized accounting package such as MYOB accounting software. Let me start this article by saying I am a qualified accountant who has taught accounting at a variety of levels for over 18 years. I have also worked extensively as a business consultant for small and medium size enterprises. The Advantages of Using MYOB BookkeeperThe latest in the accounting world is the introduction of the MYOB bookkeeper. This software programhas changed the face of the business world. Right now it has the nod of many entrepreneurs, smallbusiness owners and corporate executives to be used in doing the financial transactions.
Accounting software records and processes accounting transactions such as accounts payable, accounts receivable, general ledger, payroll, and trial balance Business owners need to have a way to keep track of money being spent as well as the money coming in. Lack of proper recording and keeping up with accounting can hurt a business as business owners may fall short of money when it is time to pay employees or to perform any other business function.Bookkeeping is necessary for financial analysis to monitor expenses and for business success. Accounting is not just about managing credits and debits. It comes into play in almost every day business decisions than you realize
MOIBOO ACCOUNTING SOFTWARE
Moiboo accounting software is an ideal software for any business. It helps to automate your business and connect and control all the branches from anywhere. It helps the accountant to access reports remotel y from anywhere.
PRODUCT FEATURES
Accounting Management
All functions relating to Accounts such as Managing Accounting Ledgers, Bank & Cash transactions, Purchase and Sales estimates, Warehouse Management, Expense recording & grouping, Journal entries, Financial reports is embedded in the software
Tax Management
The software is tailor made as per the Government norms and calculates the relevant taxes for every bill created.all that is required is to add the tax percentage and the software will calculate the tax automatically.Multiple tax scheme can be applied on multiple products on a single purchase.
Income Mangement
Quotations can be created and in turn sales order and invoices can be generated from the Quotations.Receipts can be created from Invoices. This helps the accountant to keep a track of the payments received and the pending payments.
Expense Management
Purchase orders can be created and converted to bills and payments. Reminders can be set for payments.This enables the accountants to keep a track of pending payments.
FEATURE HIGHLIGHTS
Order Management
Receive Job orders or Sales Orders and convert them into Invoices once ready
Manufacturing Management
Manage your Production process, Purchase approvals and Raw material Conversions and extract Finished Goods Reports
Warehouse
Godown Management,Raw materials,Packing Materials,Work-in-Progress,Finished Goods,Miscellaneous Stock, Stock-pointwise management
Point of Sale
Touch and Keyboard Billing counters. Works even when the Internet connection is cut. Seperate Cash and delivery counters.
Lots and Barcode Management
Create Lots/ Batches, Auto-generate codes and print barcode labels. Read them automatically using a barcode scanner
Project
Cost Management, Order Management
Accounting
Income & Expense Grouping,Accounting Ledgers,Tax Heading Creations & Operations,Bank & Cash Creation & Operations,AssetLiability Creation & Operations,Income & Expense Recording,Journal Entries & Contra Transactions,etc
Invoicing
Create Invoices with your own branding or choose from over 20 templates (includes contractor Invoices). Generate Invoices or convert quotes to Invoices. Automatically convert invoices raised in foreign currency to INR. Raise recurring Invoices. Email, print or extract Invoices to pdf. Get reminded every time an Invoice is due. Send reminder sms or emails.
Multi Branch
Create multiple Branch and give an option to manage each of them individually business by the Owner.
Purchases
Purchase Orders/Estimates,Purchase Bills,Purchase Return,Vendor Outstanding Management.
Sales
Quotes,Multi Product Operation,Sales Invoice,Sales Return,Recurring Invoices on one attempt,Customer Balance
Access
Multi-User operation with restriction menus,Auto Back up,Accounting Period Auto change,Any Location operation,Easy to handle,No hard accounting process and buttons,Auto conversion to accounting formats
Multi Company
Create multiple Companies and give an option to manage each of them individually from the comfort of your smart phone
Auditor View
Full Financial Report availability,Read process by Auditor,Tax Reports,VAT Report with e-filing options,PF & ESI Reports,Tax Consulting Modules
Mobile Application
Access across tabs, iPads, iPhones and android phones, pick photos of expense vouchers and attach to expenses, raise invoices, check cash and bank balances, daily profitability and other key reports on phone.
Business Automation
Leads from all sources,Leads extractions via mail server,Converting leads to appointments,Quotes,Converting quotes to Invoices,Email-SMS update,Delivery status update,Work pending strategy
Operations and Process
Product & Service Grouping,Customised Invoice with Logo,Small, Medium or Large scale operations,Retail or Whole sale enabled,Product service and maintenance,Godown & Showroom wise operations etc..
Loyalty Management
Assign points for every sale and redeem them whilst billing next time
Addons
E-stores, Google docs, Google calander, Project management tools, SMS gateways, Payment Gateways and many others.
Tally Import
Easily import excel files taken from Tally and import it into our Software for various time periods and manage accounts with ease
BENEFITS OF USING MOIBOO
SAGE ACCOUNTING SOFTWARESage 300 ERP (formerly Sage ERP Accpac) is an enterprise resource planning (ERP) software system that serves small and medium-size businesses in professional services, financial services, public sector, and other markets such as distribution and wholesale.It lets you make smarter, more confident business decisions faster than ever before with integrated business intelligence and reporting.
FEATURES
BENEFITS OF SAGE ACCOUNTING SYSTEM
It has a menu base approach so the clients can pick and choose according to their needs. The prices for the various modules is reasonable
Reporting tool help us to understand day by day how is our company working. With business intelligence we can explain to our principals how their investment in working
Computer friendly and itself explanatory system
Ease of use, lots of good features, simple reporting works very well
It automates manual work of processing purchase orders and eliminates physical postage of paper documents
Strong Data entry features – Sales order, ICT, AR, AP
Powerful, lots of built in reports and forms, relatively easy to use
Can export to Excel easily.
The pricing structure is very interesting and attractive
DISADVANTAGES OF SAGE ACCOUNTING SYSTEM
Installing this software is challenging.
Limited in format, not a lot of freedom to customize
The software had difficulty uploading and updating and the App had only a handful functions
It lacks timesaving automation offered by competitors
It caters to the needs of small or medium sized business
Extra charges need to be paid for the support service
Poor customer service
Upgrading is done at additional cost
Not compatible with Mac, Ipad or Iphone
It has too many requirements to install
Difficult to import data
Does not track stock
BENEFITS OF ACCOUNTING SYSTEM
CONCLUSION
Moiboo is customizable and user friendly software that can be used by any kind of business. Moiboo comes with easy backup as it is cloud based and stores your data. It also improves your business image and helps in increasing profit .Moiboo dashboard also shows you the highest selling product, highest value customer and highest value sales executive. Its features include of dashboard, receipts, accounting and payments
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March 2023
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