27 May 2014
MYOB Essentials Cashbook now live for advisors & SMB clients
New enhancements, quality reporting & free of charge until end of June*
New Zealand’s leading accounting software provider MYOB has announced Essentials Cashbook has launched as a general release after a successful pilot program with more than 200 accounting partners.
Essentials Cashbook is part of the MYOB Essentials range, announced earlier in the year at MYOB’s annual roadshow. Essentials Cashbook is a cloud solution designed to help
accountants and bookkeepers as business advisors to work more closely with clients with straightforward accounting
needs, and help manage their business on-the-go. It’s available exclusively through MYOB partners and accountants.
General Manager, Accounting Division, Adam Ferguson says the release highlights the company’s commitment to making business life easier for advisors and their clients.
“Essentials Cashbook enables advisors to easily manage ‘cash business clients’ and provide real-time insights into the
state of their client’s finances. This can add real value to the client relationship where advisors can make adjustments
and provide important advice throughout the year – not just at tax time.
“The solution has been designed to help accountants, bookkeepers and their clients gain back the hours spent on
bookwork. The improved quality of data makes Essentials Cashbook an ideal solution for accounting practices and
bookkeeping businesses with start-ups or cash clients who currently use manual ledgers, or desktop cashbook solutions
but are ready to move online.
“Over the last four months, Essentials Cashbook has undergone a rigorous beta and pilot testing program to gain the seal
of approval. Following the success of the pilot, we have added a number of enhancements to the general release to
increase collaboration, improve functionality and extend reporting capabilities.”
Linelle Martinovich of Coastal Accounting Limited says, “MYOB Essentials Cashbook was so simple to set up and the users
option is very good!”
Additional features
Accountants can now invite other people in their firm to use the software, without the need to setup new logins or
passwords. A notes function has also been added to make it easier for accountants and clients to track a threaded
conversation about a specific transaction.
The cash flow reporting function has been extended to include detailed source transactions, making auditing and analysis
easier. A profit and loss report, as well as a trial balance report has been added, with plans to include a balance
sheet in the near future. In addition, users can now import raw data with all the information needed to setup new
accounts.
“The beauty of the online platform is its ability to allow us to be responsive – we are continually listening to
feedback and looking at how we can integrate greater usability and functionality into each release,” says Mr. Ferguson.
“We will be adding more reporting features and further enhancements based on user feedback. We are currently developing
the integration of Essentials Cashbook to our accountants practice tool, Client Accounting, to continue to deliver on
our common ledger vision.”
The price for MYOB Essentials Cashbook is $16 per client cashbook per month (exc. GST). For more information, visit: http://myob.co.nz/essentialscashbook
*To celebrate the launch, MYOB Essentials Cashbook is available in New Zealand free of charge until 30 June 2014.
For MYOB product information, research results, business tips, discussions, client service and more visit the MYOB website, or its blog, LinkedIn, Twitter, Facebook, Instagram and YouTube sites.
About MYOB
Established in 1991, MYOB is New Zealand’s leading accounting software provider. It makes life easier for approx. 1.2
million businesses across New Zealand and Australia, by simplifying accounting, payroll, tax, practice management, CRM,
websites, job costing, inventory, mobile payments and more. MYOB also provides ongoing support via many client service
channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing
innovation, particularly in cloud computing solutions, and now spends NZ$35+ million annually on research and
development. For more information, visit myob.co.nz.
ENDS