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Notice: MYOB has been re-branded as ABSS with effect from 1st Jan 2018.

Frequently asked questions about MYOB

 

Is MYOB a double-entry accounting system?
When is the right time during the year to start using MYOB?

Any time.

MYOB has been designed in such a way that it really doesn't matter when you start using it.

The opening balances can be entered at any time so you are not forced to enter them before you can start using any of MYOB's features, for example invoicing or stock control.

Obviously the more information you enter at the outset the more you'll get from MYOB.

We do recommend that you enter the opening bank account balances so that bank reconciliations can be done from the outset.

To print customer statements you'll need to at least enter opening debtor balances.

Can you start using just one section of MYOB and introduce the others at a later stage?
Do you have to close the year on the last day of the financial year?
What type of business is MYOB suited to?
Does MYOB necessitate complex reversing entries to make amendments?
Can I export MYOB data to Excel?
Does MYOB allow the entry of general journals?
Does MYOB allow reports to be customised?
Does MYOB have a flexible password system?
What is company file activation in MYOB?
What is the difference between MYOB single user and MYOB multi user?
What is the difference between MYOB Accounting and MYOB Premier?

Quick Links

 

Testimonials

“Deltatech really have the willingness, patience and supportive mentality to help me solve my problem even though I am not their customer and they do not know me too. Thank you very much your time and assistance."

- Yu Ling
Admin cum account
Yarzar Metaltech Sdn Bhd

 

Time billing in MYOB

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MYOB Premier’s time billing functions have been designed to work exactly the way you collect and bill your time.

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