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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?
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?

No.

The developers of MYOB designed it to make it work as much the way you work as possible.

At year-end you can just keep entering transactions as if nothing had happened.

As long as they are dated correctly they will be allocated to the correct year.

MYOB allows you to print financial statements such as the Balance Sheet and Profit and Loss for both the old and new year.

You can finalise your accounts when it suits you and then close the year.

With MYOB, closing a financial year  and starting a new one is easy.  See our guide to Starting a new financial year in MYOB.

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?

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Testimonials

“Deltatech have provided our organisation with innnovative IT solutions. They worked well with people at all levels, and have indepth knowledge of both IT and finance."

- Jeya
CFO

 

Entering a sales invoice in MYOB

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How would you enter a sales invoice in MYOB?

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Read more

 


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