mind your own business - with MYOB Accounting software

Top 15 Accounting Software in Malaysia

2011-12-02T21:44:00.000+08:00

Found this site that lists the top 15 popular accounting software in Malaysia.

Who pays your salary

2011-11-19T14:09:00.001+08:00

If you don't already know, this video will remind you who pays your salary, and its not the BOSS.

Accounting software for Mac

2011-10-21T00:47:00.003+08:00

There are not many accounting software for Mac OS X operating system as there are for the Windows-based PC. If your entire office is run by Mac computers, then this article Guide to the Best Accounting Software for Apple Computers should be useful as it discusses the choices of accounting software available to Mac business owners. MYOB's AccountEdge is one of the recommended accounting

MYOB Accounting Overview Demo

2011-09-01T17:15:00.002+08:00

MYOB Accounting software is easy to use. Even 12 year olds can use MYOB

2010-12-14T00:58:00.003+08:00

Yes, even 12 year olds can use MYOB Accounting software. Today I visited one of my clients who are into the 10th month of using MYOB software in their business. I saw 4 young girls (age ranging from 12 years to 15 years) in the office. The young girls are temping at the office, under the watchful eyes of their respective mums, earning some pocket money during the school holidays. What amazes

Why Every Business Needs an Accounting software

2010-09-11T23:13:00.001+08:00

Most business owners don't give importance to getting an accounting software to manage their business. Or they get the software without any training, hoping against hope that they can learn to operate the software by themselves or by their staff. This is a story of a business entity which got into serious bank problems after 8 months into their new businsss. Their business is a service-based,

MYOB Singapore is compliant with Singapore GST ruling

2010-08-08T00:31:00.001+08:00

Malaysian companies looking for GST-ready accounting software should consider MYOB. The same software has been certified compliant to Singapore IRAS (Inland Revenue Authority of Singapore). Read more here: Malaysia-GST : All You need to know about GST in Malaysia: MYOB Singapore version is compliant with IRAS

MYOB Cheque printing feature

2010-05-22T00:27:00.001+08:00

Have you ever been asked by your customer to print your own payment cheque? Yesterday, I delivered the MYOB Accounting v18 software to a client. He asked me to install, and use the MYOB software to print my own cheque. In fact this is the 2nd time I was asked to do it. The users have heard about the cheque printing feature in MYOB and wanted a real life demo. Yes, MYOB has a feature in the

UBS or MYOB Accounting software?

2010-05-16T16:20:00.006+08:00

The two popular accounting softwares used by Malaysian SME companies are UBS and MYOB. Why do we say so? We go by the following points : 1.job placement advertisements in the local newspapers often state 'knowledge of UBS or MYOB computerised accounting system is preferred' 2.potential customers often ask us to compare MYOB with UBS. So what are the main differences between MYOB and UBS

MYOB Malaysia launches latest version compatible with Windows 7

2010-03-07T23:25:00.002+08:00

MYOB Malaysia has launched the latest version of MYOB Accounting v18 and MYOB Premier v12 which is compatible with Microsoft Windows 7. Look out for the new product box with the logo 'Compatible with Windows 7' on it.MYOB product box with the logo Compatible with Windows 7 This means that MYOB Accountign products have passed Microsoft designed tests to help ensure they install readily and run

Starting a new year in MYOB

2009-09-05T21:32:00.003+08:00

If your system hangs in the midst of starting a new year in MYOB, it is probably due to the screen saver. Disable the screen saver and you will be able to complete the start a new year process with no hiccups. To know more about screensavers and its harm to your computers, Screensavers are not to be confused with power management features, which place the computer in a low power state after

MYOB Tutorial 2: Setting up sales

2009-08-19T15:22:00.005+08:00

Here is a video training on setting up the Sales modules in MYOB Accounting Tips 1.This step will help you set the default sales layout type that you normally use (item, service or professional) for your invoicing. Once you set this up, everytime you create a new sale, it will take the default settings set here. Don't worry, you can still change the default sales layout when you are

MYOB Setup Tutorial 1 : Create new company datafile

2009-06-12T00:47:00.005+08:00

This video shows you how to create a new company datafile in MYOB. This is the first section in setting up.

Bank reconciliation in MYOB : Step by step procedures

2009-06-12T00:27:00.006+08:00

Here's a video tutorial on reconciling your bank account in MYOB. Enjoy Read also Why it is important to reconcile your bank accounts

Excel Tip - Inserting blank row in a list

2009-03-26T22:30:00.015+08:00

How do you insert a blank row in a list created in Microsoft Excel?Don't require any knowledge of programming, Visual basic, or macros or such stuff.Here's my way, which is simple and can be done in 2 stepsStep 1: Duplicate the row number '1-8' below the last row in original list.Step 2: Highlight all rows (1-16 in sample above) including the ones you've just added below your original list. Go to

Books that every leader should read

2009-02-25T15:21:00.002+08:00

As a leader of your own business, you should allocate some time for education. I like this quotation "If you think education is expensive, think ignorance". The best investment is investing in yourself.For a list of recommended books that you should read, go here nuffnang_bid = "3a1d5b817aa77b8d8a9fb9d276e25141";

Power of budgeting, and acting on it

2008-12-25T00:05:00.006+08:00

This time last year I sat down and worked out how much I earned per hour for 2007, and wasn't too happy with the figure. Earnings per hour = total annual sales / 2000 hours Therefore I made a decision to increase it by 50%, and guess what? I have achieved my target revenue for 2008! So now I am setting another target for 2009.What about you?How did I achieve my target revenue? I consciously have

MYOB : Focus on SMEs

2008-12-23T23:36:00.005+08:00

Surviving the Recession : Be prepared. As a business owner, the current slowdown in the economy is the best time for you to sharpen your saw, put your house in order, and step up the marketing.Managing the cashflow is one of the main concerns of all businesses, especially so for small and medium enterprises (SMEs). As the economy gets tougher, businesses need to be more efficient in managing

Is being self employed, being in business?

2008-10-17T23:59:00.004+08:00

Running a business is not kid's play. When I first started out doing consultancy work, I thought I was in business. How wrong was I. I was merely changing employers. As an employee, the boss is the paymaster. As a self employed person, I am the paymaster. And as a paymaster you have to wear many hats and pick up many skills, FAST! You have to learn how to sell (your skills), learn how to

My Raving Fan

2008-09-16T22:44:00.005+08:00

Today I got a call from one MYOB user. He informed me that he is leaving his present employment to join another employer, and he never fails to keep me informed every time he makes an upward career move. This is his 4th move in 10 years. And every time he joins a new company, I get a new sale of MYOB software. This user and I go back a long time, some 10 years ago. His first employment (an

MYOB Asia launches latest version of MYOB Accounting software

2008-08-10T16:47:00.003+08:00

MYOB Asia (the publisher of MYOB software for Asia) has launched the latest version of MYOB Accounting v18 and MYOB Premier v12. Also included in this latest launch is MYOB Premier Plus v12. What's new in the latest version, as compared to the previous version? I want to highlight 2 new interesting features.1. Spelling check. Something seemingly unrelated to Accounting, but equally important if

How to run an efficient restaurant business

2008-07-21T22:33:00.007+08:00

The food business is people oriented. Most times good food comes with slow service. Not so with this Chinese restaurantWhat makes this restaurant attract the crowd? It boils down to systemising the business. The owner has definitely covered most aspects of the bottlenecks that slows down a restauranter1. Orderly system for the cooks. Each cook has a preparer assisting him. Thus the food can be

My client bought me this

2008-07-21T20:25:00.003+08:00

My client bought me a wrist protection mouse pad because I asked where she got hers. She gave it to me for free, probably in appreciation of the smooth MYOB upgrade that I did for her the other day. Makes my day!The soft gel provides support for my right wrist, when I use the the mouse.Is there something to support my left wrist as well when I pounced on the keyboard?

Does your company name ends with the letter 'A'?

2008-06-09T23:14:00.006+08:00

If you own a company whose name ends with the letter 'A', you may become a victim of con job. You should be on the alert for similar tricks. The local newspaper highlighted 2 cases of business-owners who were duped by a man who seeks employment with companies with names ending with the letter 'A'. At the same time he will register a company with similar name, but with an additional letter 'I' at

Round to 5 sen

2008-03-25T20:14:00.004+08:00

Effective April 1, 2008, all over the counter payments in Malaysia will have to comply with the rounding mechanism whereby the total amount of a bill will be rounded to the nearest 5 sen, thus eliminating the use of 1 sen coins. The 1 sen coin is still legal tender.The rounding mechanism applies to the total amount of a bill, and not on individual items. If the total amount of the bill (including

Should you wash your own car? Time is Money

2008-03-15T23:12:00.006+08:00

Should you wash your own car, or should you pay someone to wash your car for you? The lazy me would automatically opt for outsourcing the car wash to others. The thrifty me would want to save the $10 I have to pay someone to wash the car and opt to clean the car myself. The health conscious me would take this opportunity to sweat it out.How do you decide? Putting aside the health aspect, you

Time is greater than Money.

2008-03-15T22:08:00.005+08:00

Why put off a decision if it can be made today. You can never buy Time. Today, I received a call from a prospect who has heard about the goodness of MYOB Accounting from a fellow business owner. However when he found out that the price rebate promotion had ended, he said there is now no urgency to buy the MYOB software. What a shame.I agree that price is a factor when you are thinking of buying

Bank reconciliation

2008-02-15T16:15:00.007+08:00

Why is it important to reconcile your bank balance in accounting terms?For a video tutorial of how to perform a bank reconciliation in MYOB Accounting, click Step-by-step tutorial for bank reconcilaition First of all, we need to define Bank reconciliation.... It is the process of matching and comparing figures from accounting records against those presented on a bank statement.Bank reconciliation

Setting up IT system - can I do it myself ?

2008-02-15T14:38:00.002+08:00

Is it possible to setup an accounting system all by yourself? Yes and No.Standard progam like MYOB Accounting, can be easy to set up. It takes less than 5 minutes to create a new company in MYOB. And within minutes, you can can print your first sales invoice. If in doubt, you can refer to the user manual which can provide you with a step by step guide to perform the functions that the

Manager versus Leader

2008-01-14T01:35:00.000+08:00

Business owners - are you a manager or a leader?Knowing whether you are more a leader or more of a manager will help one gain insight and self -confidence in dealing with others and running your own business.Managers are good at maintaining the status quo and adding stability and order. However they may not be good at instigating change and envisioning the future. Leaders, on the other hand, are

Tracking profit centres in MYOB

2008-01-11T00:35:00.000+08:00

How to track the performance of each of your profit centres in MYOB.MYOB uses the terminology 'Jobs' to help you group transactions belonging to various profit centres. You need to setup a 'Job Code' to represent a profit centre. Once you've created the Job Number, you can then allocate the transaction to each Job Number. Subsequently, you can use Job Reports to preview/print a report of the

When is a good time to computerise my accounting records

2008-01-10T22:38:00.000+08:00

If you ask me, I will say, computerise your accounting records as soon as you start your business.As business owner myself, I am aware that starting a new business is stressful - and it stretches ones' resources - time and money. There is a tendency to put buying a computerised accounting system the last priority. However, having implemented MYOB Accounting software for more than 300 businesses

backup, backup, backup

2007-11-29T20:00:00.000+08:00

MYOB TIPS and TRICKSCompiled for our esteemed customersBACKUP, BACKUP AND BACKUPThis month’s tips comes about because one of our customers had a power surge at their office and nearly lost all data stored on their PCWhy backing up is important for your MYOB dataBacking up your crucial file is the SINGLE most important thing you will do in MYOB. PC’s get stolen/missing; PC’s get damaged in a fire;

Choosing a Consultant - Top 5 things to consider

2007-11-02T19:11:00.000+08:00

What are the criteria you would look for in a consultant to assist you in implementing your accounting system in the shortest time possible?Here are 5 points you might want to consider 1.Do not base you decision on lowest prices quoted. You need a system consultant not just to install your system. You will need to contact the consultant for assistance, support, updates, enhancement, add-on

What are consultants selling?

2007-11-02T18:24:00.000+08:00

Time.Consultants are selling their expertise and knowledge acquired over the years. They are trading their time for money. Expect to reward the consultant for spending time with you, even if it is over the phone. If you respect your time, then you should respect the consultant's time also, because the consultant is selling his/her TIME to you in exchange for monetary or non-monetary

Malaysian Tax for Employees - Tips

2007-10-18T08:41:00.000+08:00

If you are an employee and has the misfortune to be asked to leave for whatever reasons, the compensation you received is exempt from tax, as follows : 1. Tax exemption of RM6,000 for each completed year of service with the same employer / or companies in the same group2. If loss of employment is due to ill health, the full amount received is exempted from tax.

Good Cash Flow Management

2007-10-15T22:54:00.000+08:00

Managing the cash flow of your business is very important for business survival. If your bank balance is always on the low side, it means that your cash is flowing out faster than they are flowing in. You need to look into the possible causes of this happening : 1. Are you paying your supplier earlier than you collect from your customer? 2. Are you holding too much slow-moving stocks3. Are you

Are you too old to use accounting software?

2007-10-11T23:27:00.000+08:00

Age is just a number. Last month, I had the privilege of training a 65 year old man to use an accounting software to keep the books of a clinic. The clinic belongs to his daughter and he has been using Microsoft Excel spreadsheets to track the cash inflows and outflows. He wanted something simple to help him prepare the Income Statement.I introduced the entry level range of accounting software (

Top 10 tips on choosing Accounting software

2007-10-01T13:10:00.000+08:00

Top 10 tips for Choosing Accounting softwareIf you are thinking about implementing a new Accounting software for your business, then you should gather all the facts before you make the decision as to which accounting software to buy, and more importantly, which service provider to buy it from. Nowadays, accounting software performs more than just book-keeping functions. As a decision maker, you

Malaysian Budget 2008 and the SME's

2007-09-07T23:09:00.000+08:00

Malaysia's Finance Minister (who is also the Prime Minister) has presented the country's budget for year 2008 today. The complete text of the budget speech (which lasted 1 hour 30 minutes) is available from the official Government portal.I always try to make time to listen firsthand to the budget speech. My first boss, a tax practitioner started us on this habit. While we are listening /watching

Accounting software and business survival

2007-04-13T23:54:00.000+08:00

Computerised accounting software is a great tool to help your business survive, if you know how to use it. In this post, I want to highlight how 2 businesses which started at approximately the same time, about 6 years ago, but they are now miles apart in terms of financial health. Business 1 is involved in the construction business. The owners left the accounting functions to a team of in-house

Product Review : MYOB Premier Accounting Small Business Suite 2007

2007-03-18T12:38:00.000+08:00

Read about the review of MYOB Premier Accounting Small Business Suite 2007 by PC Mag, excerpts below :The MYOB line of accounting products for small business goes back to the early 1990s, has always competed well with QuickBooks, and, because of its Mac origins, has always matched that product in usability—yet many people still don't know about it.The big news in this version includes integration

Top 9 criteria of a Good Consultant

2007-03-05T22:26:00.000+08:00

How do you find a good consultant for your accounting software? Read more here

Don't need to close accounts

2007-02-07T14:38:00.000+08:00

This is a tale about another of our clients. They had a 'legacy' accounting software, meaning a software written many, many years ago (>20 years) using the technology at that era.What happens is that this client is not able to continue with entering the new year's transactions without having to 'close' and 'finalise' the previous year's entries. Now how many companies have the resources to be

MYOB replaces my typewriter very well.

2007-02-07T13:31:00.000+08:00

Last month, I was approached by a business owner who has been in business for many years (> 5 years) and is still using a typewriter to write their invoice. the accounts have not been updated the last 6 years. I asked him what made him seek us out.His answer is scary. "I don't know how many of my customers have gone to my competitors because of lack of follow up by my team. They cannot get the

How to choose an Accounting System

2007-01-08T23:38:00.000+08:00

Selecting accounting software is a critical business decision. In fact, when properly selected, installed, and implemented, accounting software can contribute fundamental benefits to your organization, including better decision-making capabilities, improved cash flow, more accurate information and control,and a real foundation for growth. That’s why understanding your business’s financial

MYOB the software

2007-01-06T02:47:00.000+08:00

Mind Your own Business - may sound rude to the ears. But that is the tagline which is used by a popular accounting software called MYOB.MYOB is a an easy to use computerised accounting package for the small to medium businesses. If you are computer savvy, and have some basic accounting knowledge, you can literally start preparing your accounts the moment you completed installing the software.For

MYOB

2006-10-05T09:23:00.001+08:00

This site will highlight interesting features about MYOB software for the benefit of existing and potential users of MYOB. Instead of creating a forum where visitors initiate the subject, I thought I will initiate the subject and let the visitors comment on it.I have a vested interest in the subject matter because I am a certified MYOB consultant for Malaysia. I have years of experience in