Part of MYOB’s new Essentials range announced earlier this year, the Cashbook cloud solution is designed to help accountants and bookkeepers as business advisors to work more closely with clients with straightforward accounting needs, and to manage their business on-the-go.
“Essentials Cashbook enables advisors to easily manage ‘cash business clients’ and provide real-time insights into the state of their client’s finances. This can add real value to the client relationship where advisors can make adjustments and provide advice throughout the year – not just at tax time,” said MYOB General Manager Accounting Division Adam Ferguson.
“The solution has been designed to help accountants, bookkeepers and their clients gain back the hours spent on bookwork. Essentials Cashbook is an ideal solution for accounting practices and bookkeeping businesses with start-ups or cash clients who currently use manual ledgers, or desktop cashbook solutions but are ready to move online.
Ferguson said the cash flow reporting function has been extended to include detailed source transactions, making auditing and analysis easier. “A profit and loss report, as well as a trial balance report has been added, with plans to include a balance sheet in the near future. In addition, users can now import raw data with all the information needed to setup new accounts.”
“The beauty of the online platform is its ability to allow us to be responsive – we are continually listening to feedback and looking at how we can integrate greater usability and functionality into each release.
“We will be adding more reporting features and further enhancements based on user feedback. We are currently developing the integration of Essentials Cashbook to our accountants practice tool, Client Accounting, to continue to deliver on our common ledger vision.”