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MYOB Business is AccountRight & Essentials but can it catch up to Xero?

MYOB has fallen behind in recent years to other accounting software like Xero.  With Xero’s cloud accounting-first strategy, it’s become a leading software in Australia, New Zealand, the UK, and Canada – by focusing on integrations and simple accounting solutions.

MYOB, on the other hand, has caused confusion over its multiple products and unexpected updates, which have since caused users to gravitate away from it.

Now, its repackaged MYOB Essentials and AccountRight under one cloud-based solution.  Will this solve its problems?

Continue reading MYOB Business is AccountRight & Essentials but can it catch up to Xero?
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ALERT: MYOB Essentials Shock New Credit Card Requirement to Trial is Unexpected and Unwanted

Who doesn’t love a free trial?  The great thing about some of the popular accounting software like Xero, QuickBooks, and MYOB is that they provide 30-day free trials where you can use the software at no cost.

It’s great for businesses and contractors wanting to find the right accounting software for them, or for students looking to get experience as they study. 

MYOB didn’t used to require any credit card details when signing up for the trial subscription…but now they do.  Whilst Xero and QuickBooks continue to offer trials with no credit card required, MYOB has diverted from the pack to deliver this unexpected and unwanted change.

Continue reading ALERT: MYOB Essentials Shock New Credit Card Requirement to Trial is Unexpected and Unwanted
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APOLOGIES to students on behalf of MYOB Essentials Accounting Software. Attn: MASSIVE update coming for MYOB Essentials Course Materials

MYOB-Essentials-Training-Course-case-study-big upgrade from MYOB to complete with Xero Accounting Online

Creating training materials for cloud-based accounting software is a continuous process of improvement. In fact it is much like the process that the software goes through in their Continuous Innovation & Continuous Delivery process

Two of Australia’s newest billionaires Mike Cannon-Brookes and Scott Farquhar have become wealthy because they created software that enables companies like MYOB manage a team of developers, designers and analysts in the pursuit of continuously adding enhancements, updating the software, fixing bugs and providing support for their MYOB Tax software via their company Atlassian, but I digress. 

The reason for this post is because of obscure behaviour by MYOB regarding their essentials software and a recent upgrade they performed on the MYOB Essentials software.

Continue reading APOLOGIES to students on behalf of MYOB Essentials Accounting Software. Attn: MASSIVE update coming for MYOB Essentials Course Materials
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MYOB AccountRight Plus and MYOB Essentials – they’re different

myob-essentials online training course live logo

MYOB became the cloud laggard

NOT ALL TECHNOLOGY COMPANIES were 100% committed to cloud-based software (commonly known at the time as SAAS — Software As A Service) when the high level of Internet adoption made it more feasible. One of those companies was MYOB.

At the time, MYOB was the accounting software leader by a HUGE margin in Australia, and the strategy that Craig Winkler used from the very beginning, meant the company was entrenched as the software of choice for accountants. The market leading software for small business was MYOB AccountRight and AccountRight Plus (for payroll and other advanced features).

The problem faced by MYOB was that the company required a lot of capital and had a lot of work to do to rewrite their Windows and Macintosh software programs. They only had a basic online version called Essentials which didn’t capture much attention because it was feature poor. This enabled the New Zealand company, Xero, to gain traction as the alternative accounting program which was focused on cloud-based features like:

  • bank feeds
  • automatic back ups
  • simultaneous multi-user access.

Craig Winkler sold out to Archer Capital who later did a 3-bagger to triple the value of the software company when they sold to Bain Capital. Therefore the company is well resourced financially to make up for any lost ground. Indeed, it seems they are starting to come good with their MYOB Essentials software as a reasonable competitor in the cloud-accounting space.

MYOB Essentials Evolution

myob-essentials online training course live logoAs a training organisation, EzyLearn’s service provision is driven by the needs of our students and what they ask for. Very few companies or job seekers have ever asked about MYOB Essentials until recently.

We create our own MYOB training course materials and update and add to it regularly and because we have our own micro courses and case studies (some are starting to call these “playbooks”) we’re able to replicate those for different software programs and we’re currently doing it for MYOB Essentials.

Best of all, when you enrol into any of our MYOB AccountRight training courses you’ll now get access to the new MYOB Essentials Course materials we create as part of a combination offer at the Bookkeeping Academy website – Click here>

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On a side note, the elephant in the room is still Intuit and their QuickBooks Online program — they are the market leader in the US and are HUGE!


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