Is your software ready for a new, amazing financial year?
Accounting is done best when one file contains all necessary transactions for a financial year; 1 July to 30 June. When accounting systems are changed midyear, it can muddy the waters for your accountant and increase your costs. So from our perspective the new financial year is the best time to introduce any changes. With the end of financial year fast approaching, below are a few points to consider if you are thinking of updating or changing your software:
MYOB in the cloud
Are you using an old desktop version of MYOB? Would you prefer to get your bank statements fed straight into your MYOB file to save time? MYOB AccountRight Plus offers bank feeds, payroll, invoicing, quoting, job tracking and a few other features that we love.
Any files upgraded to AccountRight Live by 30 June 2016 will receive a 60% discount on their subscription for five years. As an example, the full price of AccountRight Plus is $85, so the discounted subscription will be $34 per month including GST. The discount applies to additional AccountRight Live files under a particular serial number, but if you don’t already have an AccountRight Live file, The Money Edge is happy to add your file to our serial number so you can enjoy the discount.
Xero in the cloud
Maybe you’ve heard the rave about Xero and you’re wondering about making the switch. Xero is a young and enthusiastic cloud software that offers various levels of payroll, invoicing, job tracking, bank feeds, multi-currency and worldwide access via the internet.
Now is a great time to look at what Xero can do for your business and your people. Ideally we should set up Xero files in June so they are ready to receive live bank feeds from 1 July.
At The Money Edge we like to support our clients to make informed and objective choices about the software that is right for their business. Contact our office today on 07 4151 8898 to ensure that your business is correctly setup in the Cloud!
Amanda Wolff | Bookkeeper | The Money Edge