MYOB Quarterly Product Update: MYOB Essentials upgrade goes live

Business platform MYOB has revealed a suite of updates to its product range completed in the first quarter of 2020, including the release of an upgrade to MYOB Essentials for new users plus significant improvements to reporting functionality, payroll and resource management for bigger businesses.

“We started out 2020 with ambitious plans for helping our customers achieve their success. While the current COVID-19 crisis has undoubtedly meant that we as a business have had to pivot as our customers’ needs have changed, the team has continued to work hard to deliver on promises we made to the market,” MYOB CEO Greg Ellis said.

“In this first quarter, we promised to deliver on an upgraded MYOB Essentials, and that is what we achieved. We intend to keep up this momentum and continue to offer our customers the essential software they need to survive and recover from this extraordinary economic event.”

New small and medium sized business customers can access upgraded MYOB Essentials

MYOB has delivered an upgrade to MYOB Essentials, which will offer customers a more extensive reporting suite, feature-rich and flexible payroll and integrations to more than 150 apps and add-ons.

The upgraded edition of MYOB Essentials is mobile responsive and now available to new customers, with a staged rollout for all customers to commence this year.

Another focus for this quarter was the development of MYOB Team, a time management app which features timekeeping and rostering of hourly employees as well as geolocation and image capture. MYOB Team will be included in MYOB AccountRight and upgraded MYOB Essentials subscriptions. The app will be rolled out over the coming months.

New features for bigger businesses with MYOB Advanced

Updates to MYOB Advanced will allow bigger businesses to access upgrades to payroll and industry-specific business management functionality

MYOB Advanced now incorporates an employee self-service portal, which streamlines the process for employees to manage their leave, payroll and personal information. Bulk public holiday processing via the portal simplifies payments to employees and reduces error.

A new field service management suite provides extra functionality for field service operations, including service jobs, service contracts, resource scheduling, route tracking, equipment and warranty management. Staff can stay connected via the browser or MYOB Advanced app, keeping job and asset data up to date in real time.

A warehouse management module has also launched for the browser and app, specially designed for import, wholesale and distribution businesses. The module provides a full set of mobile and browser capabilities, including receiving, picking, packing and stock take operations.

Updates for accountants and bookkeepers

The first release of financial reports will be available for accountants using MYOB Practice later this month. These will be integrated into end of financial year workflow, enabling financial statements that will let accountants give their clients greater visibility of their financial position and compliance needs.

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For further comment or other information please contact:
Selina Ife, Communications Consultant, MYOB
E: [email protected]

About MYOB

MYOB is a leading provider of online business management solutions. MYOB makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. We also provide ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. We are committed to ongoing innovation, particularly through our Connected Practice Strategy and through the development of the MYOB Platform. For more information visit https://www.myob.com/au/ or follow @MYOB on Twitter.