MYOB (Mind Your Own Business)
is an outsourcing firm based in Australia that provides tax, accounting
and other services to small and medium businesses. It was founded by,
in the late 1980s, by Christopher Lee and a team of developers at
Teleware Inc. Teleware was purchased by Best Software, Inc. in 1993. In
1997, Data-Tech Software entered into an agreement with Best Software to
buy the company (renamed MYOB, Inc.) and bought the intellectual
property rights to the software. In 1999, Data-Tech changed their name
to MYOB Limited and listed on the Australian Stock Exchange (ASX) on 9
July 1999. Originally founded in the US, MYO ceased operations outside
of Australia in 2008. In January 2009, a private equity consortium led
by Archer Capital completed a takeover bid for MYOB, returning MYOB to
private ownership.
On 21 August 2011, Archer Capital sold
MYOB to Bain Capital for an undisclosed amount. The acquisition gives
Bain Capital a majority stake in MYOB alongside management who will
continue to be shareholders in the company.
MYOB’s services
include subscription based and browser based accounting products. On 24
October 2012, MYOB released the cloud enabled version of its flagship
product, AccountRight Live. Among its other services, MYOB has a 24 hour
customer support service, live chat and email; inclusive of an
extensive online database.
It has separates sections on its website
to cater to small business, business with a large turnover ($3M and
above), accountants and partners. It implicates no hidden costs and has
no limit on number of transactions, invoices and usage. MYOB has an
expert panel of developer partners that make the experience of online
outsourcing easy and user friendly.
With an access to 40,000+ accountants, bookkeepers and consultants, MYOB becomes a ready to use and the most viable option for bookkeeping services in Australia.
MYOB also has a mobile application that
helps you work on the go. A 100% online accounting service, PayDirect
lets you invoice and take payments on your smartphone with integration
into AccountRight, and the Windows Mobile Companion App gives you mobile
insights from Account Right.
MYOB: Accounting Software for Australian
Small Business owners with a large target
ahead of them shall not employ their time into endless spreadsheets and
accounts. Imagine the time that would be saved were the companies given
a chance to hand over the task of maintaining all this paper work and
allowed to focus on their development. MYOB and its online services,
along with a huge network of professionals are therefore just the right
bet.
Also, MYOB provides its users a free
trial for 30 days for each of its products. Thus at MYOB; ‘Clients drive
our world’. From start ups to well established business, MYOB caters to
all. With long working hours and a ready to help professional network,
MYOB is ever ready to serve its clients.
we at Account Services firms provide best in Class services in MYOB. Contact us for availing our services.
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