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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?
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?

Besides being able to add additonal user licences, MYOB Premier has the following features not found in MYOB Accounting:

Multi-location inventory
track inventory in multiple locations
If you do business with overseas customers or suppliers, you can track your receivables or payables in their currency.
Multiple pricing levels
You can have mulitple pricing levels, both for customer type (cash customers/agents/etc) as well as for quantities, for example, price for 1 to 10 units, 11 to 20 units, etc. Quantities are defined by you.
Time billing
If you are a professional firm and bill your customers based on time, this feature helps you track and invoice billable time

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- Yu Ling
Admin cum account
Yarzar Metaltech Sdn Bhd


What's new in MYOB Accounting


Compare some of the features that have been added to MYOB Accounting since the 2000 release.


Read more


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