1st June, 2015
If you’re a small business owner and have the goal of being successful and making money, then you absolutely need to be using an accounting software. Regardless of the structure – sole trader, company, partnership or trust – accounting software will greatly help you run your business.
Accounting software has progressed in leaps and bounds in the past few years with fantastic technological advances for the end user. The software has also moved to the cloud. “Cloud” accounting means that there is now no physical software to install and the file is stored in servers and located via the internet. Cloud providers such as MYOB have the same security as the major banks, so if you use internet banking you should not have any security concerns.
The advantages of using accounting software in the cloud for small business owners are as follows:
Make a tax change for the better this end of financial year with MYOB AccountRight online accounting software, it’s the power to manage business, your way. Upgrade your MYOB software will ensure your business is always compliant with tax changes, including the government’s new SuperStream system for paying super contributions. For further information or assistance with setting up or upgrading please contact Keeping Company on 1300 533 787.
The information provided here is of a general nature for Australia and should not be your only source of information. Please consult an experienced and registered tax agent as each small business’s circumstance will vary for end of financial year.