5 Reasons To Upgrade And Maintain Your MYOB Software

Morris Edwards
3 min readMar 23, 2017

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MYOB Software

MYOB software's are immensely popular amongst the corporate sectors for being one of the best accounting software's there are out there currently in the market. There is no denying that there are multiple advantages MYOB Software in Singapore can bring to it’s users. But like with all software's, MYOB also requires regular upgrading and maintaining. Users are often advised to make sure that their MYOB software's are kept up to date, mainly for 5 reasons. Here’s why your MYOB software's should be upgraded and maintained:

1. Tax Compliance

Tax obligations are immensely important at the end of the day and failing to meet the criteria set can lead to serious consequences. In order to avoid making such a grave mistake, tax compliance in your MYOB software's should be made a priority. As the criteria is prone to changes, you would need to make sure that your MYOB software's are up to date in order to fulfil the tax requirements. Not only will your reports be accurate, you can also rest easy in knowing that you have established a trustworthy reputation with updated information.

2. Requirements

As your corporation grows, you may find that your requirements will change with time. The software’s ability to fully meet up to the requirements of your corporation can get harder and harder as well. To combat that and not compromise on the quality of your workflow, check to make sure that your MYOB software is upgraded. Alternatively, if your MYOB software is no longer compatible with your requirements, you will then be able to procure a list of recommendations to MYOB software's that will be able to do so. This way, you can continue to make sure that data accuracy and other important functions are still accessible and accurate.

3. Accessibility

Save yourself a lot of time by maintaining accessibility when you work so that you can either work online or offline and have all the important information backed up when you are able to. In order to be able to seamlessly link up important functions like bank accounts, invoices and other relevant factors, make sure that your software is secure and updated enough to do so.

4. Features

MYOB features are always being improved. To fully utilise the software to it’s full capabilities, make sure you continue to update or upgrade your software version. You can also even update and gain access to trials of features that MYOB is recommending. This way, you can get first hand experience on functions that may or may not be useful for you in further improving your quality of work.

5. Security

Like all other software programs, MYOB software's are susceptible to the occasional bugs and viruses. So in order to keep your software running with minimal problems, users are advised to always keep their software versions up to date. This can eliminate the need for workarounds and secondary measures since the MYOB team are always hard at work to create fixes for bugs. This way, by updating your MYOB software, you can keep your software functioning in top condition.

And these are the 5 reasons you should be upgrading and maintaining your MYOB software's. MYOB software's require little maintenance, and while they do take some time for upgrading, at the end of the day, it is for the benefit of the users. The more up to date your MYOB software is, the more efficient and trustworthy the results.

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Morris Edwards

I am Morris Edwards, working as a professional trainer at A1 MYOB Course Singapore Which provide training in MYOB, Accounting, Singapore Corporate tax & Excel.