Myob AccountRight Basics
Web ID: 11161
Ideal for sole traders & service providers. Get on top of the accounts. Use bank feeds, GST, BAS & invoicing. Work securely in the cloud or on the desktop. Invoicing, Expenses and GST.
Manufacturer PN: Myob AccountRight Basics
Simplify GST calculations
Complex GST and BAS calculations are a thing of the past – AccountRight Live Basics does all the hard work for you.
It can calculate and track your Goods and Services Tax (GST) on a cash or accrual basis and gives you everything you need to prepare your Business Activity Statements (BAS).
A simple end of financial year close off ensures you get it right the first time. And financial data from previous years is accessible, so there’s no need to restore company files.
Once you’re ready to hand your data over to the ATO, you can even submit your GST and BAS online.
Choose from a range of customisable reports designed to provide insight into key areas of your business.
Reports are organised into groups – Accounts, Banking, GST/Sales Tax, Sales, Inventory and Card. You can select how to display your reports, filter the amount of information, and customise the detail contained within them to suit your individual needs. You can also export your reports to other file formats like Excel® and PDF.
Options like budgets, jobs and categories even help you to set goals and measure your progress along the way.
If a visual snapshot is more your style, an enhanced Business Insights Dashboard gives you a broader overview.
Know your bottom line
The Business Insights Dashboard puts key information at your fingertips, enabling you to make fast and informed decisions.
In one place you can view a summary of key financials, current profit & loss, who owes you money, who you owe money to and your available cash. All of this information can feed into your budgets to save on time and increase the accuracy of your forecasting.
You can customise the information displayed by adding or removing different panels, and save as an image file, or copy as graphs or a table.
AccountRight has the flexibility to grow alongside my business.
Donia Trethewey-Brown, Remagination
Streamlined sales process
From quoting, to issuing invoices and receipts, the entire sales process can be managed through the Sales centre.
Start the ball rolling by creating your personalised quote. Once accepted by your client the quote can be turned into an order at the click of a button, and just as easily into an invoice when the job is completed. Finally, once payment is received you can quickly issue a receipt.
Any of these documents can then be printed off or emailed from within the system.
You can also enable payment options including BPAY®, Postbillpay® and credit card utilising M-Powered Services. All the information your customers need, including your BPAY details, are automatically printed in the 'How to pay' section of your invoices.
Link your business bank accounts to automatically import and match transactions, to reduce data entry.
With the click of a button your bank transactions are matched to your accounts, so you can complete the reconciliation process – it’s that easy!
Not only is this feature a fantastic time saver, it takes the human error aspect out of data entry, improving the accuracy of the information you’re working with. You have instant access to a complete, up-to-date view of your business – what could be better?
Getting paid on time is a balancing act that involves good planning, full visibility and flexibility.
With AccountRight Live Plus it’s easy to track what’s owed to you and when you should be paid. The Sales Register window contains your sales transactions, organised into five categories – All Sales, Quotes, Open Invoices, Returns & Credits and Closed Invoices.
You can assign prompt payment discounts and late payment fees so they’re added to client transactions or accounts automatically – one less thing to manage!
To reduce the risk of unpaid or over-extended accounts you can even set credit limits. You’ll receive a warning if a customer exceeds their credit limit and you can also place a hold on sales when the credit limit is reached.
Create a visual identity
With AccountRight Live Plus, your documents will have a professional ‘on-brand’ appearance.
It’s easy to customise your reports to match the identity of your business by editing headers and footers, adding text, shapes, pictures and watermarks. Extensive graphics and font handling give you the flexibility to create personalised PDF invoices, statements and receipts.
Look after your contacts
AccountRight Live Plus helps you manage two of your most important assets – your customers and your suppliers.
Get closer with CRM capabilities which enable you to keep a contact log for each client, create reminder alerts, and sync with Microsoft Outlook® to create contact groups for bulk emailing.
Track all of your customer and supplier interactions, including payment histories and add details like bank account numbers, tax and currency information to help with invoicing.
When you’re on the hunt for a specific client, supplier or item you can search by name, description or item number to save on time. You can quickly sort and group by data attributes and list results in ascending or descending order.
Your data your way
Anywhere anytime access
As long as you have access to an internet connected PC, you have access to your accounts.
You don’t want to work all the time, but now you’ve got the option to work anytime… anywhere – in the office, at home or out and about. As long as you can download your software, you can take any opportunity to catch-up on the accounts, or even better to get ahead.
Work with multiple users
Multiple users working from multiple locations means opportunities to increase efficiency across the board.
Many hands do make light work, but wouldn’t you rather work smarter not harder? AccountRight Live enables you to connect with others in the cloud and access the same business accounts at the same time.
Your staff can be entering sales orders out the front of the shop, or on their laptop at a job site, while you’re processing invoices in the office, and your bookkeeper is finalising last month’s BAS across town. And you control the type of access others have to your company file.
Choose how you work
AccountRight Live lets you choose how you work – on your PC or in the cloud.
With your accounts stored securely online, you know you’re always working on the most up-to-date version. But what if you’re without access to the internet, or you’re experiencing a slow connection? Easy. Opt to work offline with your file and synchronise your changes later.
Enjoy the convenience of knowing the most current version of your data is saved securely in the cloud, and the peace of mind that you can make a local backup to your PC whenever you like.
An AccountRight Live subscription includes access to all the latest software updates upon release.
Connect in the cloud
Invite your business advisor into your accounts and you can work on the same file simultaneously.
It’s a better way of working. By giving your accountant or bookkeeper access to your data in the cloud, they can make their adjustments and prepare your end of year statements, all without interrupting your work flow.
All AccountRight Live products come with 24/7 access to MYOB software experts to answer your queries on the phone and online.
Safe & secure
Safer than houses
We've implemented the highest level of security to safeguard your AccountRight Live data.
We know how sensitive and important your business data is, which is why we work with global best practice processes when it comes to looking after it. Your AccountRight Live data is kept in a highly secure storage facility, constantly monitored and audited by experts to ensure its continued safety.
You can read more about our commitment to AccountRight Live security in Cloud security (PDF 141 KB).
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