For those of you out there that are MYOB lovers you will hopefully be aware of the recent version update for AccountRight to 2021.1. What you probably don’t know is all the awesomeness that goes with this update. Lets get you updated –
Having to manually update software is so last year. Your new AccountRight 2021.1 has automatic updates, your software will update to the latest version in the background without you needing to do anything. This was the biggest annoyance for those on MYOB AccountRight so is a massive change.
The new AccountRight lets you work in a browser. That’s right it allows you to work on your file on any device with an internet browser (your computer, tablet or phone – even a Mac). You can now move between the desktop and browser options easily and seamlessly without needing to worry about syncing data or making special adjustments. Both ways are still working on the same file, with the same data.
There are many new functions within the new version so I thought we’d let you know about our top 5 must knows:
You can perform quick calculations directly into the currency and numeric fields making it faster to enter your transactions.
Changes to Rules
If you don’t use rules in your bank feeds then you should. This is a massive time saver and as well as setting up rules for your bank feeds you are now able to set up allocation templates. This is amazing for those problem transactions (like vehicle expenses) where you could not apply rules because it depended on whose cost it was as to where you coded it to. Now with allocation templates you would have a separate template for each separate vehicle as below and easily select the template to code to the correct place every time.
In the upgrade the financial year restrictions on reports have been removed. You can now generate reports across 7 or 8 years if you want, and view the report by month, quarter, or year. This is a massive change and one we’re very excited about.
Want to quickly compare your P&L against the same period last year? Now just simply run the P&L for the period you are after and tick the “Last Year” check box. You will then be able to easily see the % and $ variances.
The MYOB browser is designed to make it easier to use on a mobile phone. You can access this by navigating to app.myob.com using your Safari web browser. This gives you the ability to do anything from your phone. And, to make it easier you can pin it to your home screen and run it as if its an app. If this all sounds too complicated give me a call on 021 812 112 – its easy and I’ll talk you through it.
These are just some of the many exciting changes that have taken place, there are many more and too many to list here. If you think its time for a bit of a training update or if there is anything we can be of assistance with, please give us a call on 04 232 9199, email Sue@3rdArmAdmin.co.nz or fill out your details below and we will be in touch.