MYOB or Mind Your Own Business Software is a well known administrative and accounts software. It offers easy to use and comprehensive accounting solutions to to business owners. They especially empower medium to small businesses to perform better. Designed by Teleware, Inc. in the late 1980s, it was bought over by the Australian republisher, known as Data-Tech Software. Since then it has become a propriety software of MYOB Ltd., which went public on 9 July 1999. Over the years it is used across the world in New Zealand, America, Europe, Singapore and even China. To make it easier to use the software has been to graded for entry level accounting software, multi user enterprise. The brand names it is available on are MYOB OnDemand and MYOB Exonet.

MYOB also offers products with solutions for...

  • Retail point of sale software
  • Asset management
  • Payroll, payment services
  • Practice and tax software
  • E-commerce solutions
These are provided for both Apple Mac OS X and Microsoft Windows operating systems.



The software is easy to use and highly efficient. Some of them are...

  • MYOB JustInvoices: To organize sales data, it truly saves time.
  • MYOB CashBasics: Absolutely essential for straightforward cash management & record keeping.
  • MYOB BusinessBasics: Again a basic business and accounting software, easy to use and friendly.
  • MYOB Accounting:This is like a do-it your-self for owners who manage their own accountancy through this package. It offers accounting, inventory and business management software.
  • MYOB Accounting Plus:A well made business management and accounting software. Incorporated in it are payroll, inventory and time billing features.
  • MYOB Premier: This is fundamentally a multi-user business management software, with an integrated payroll, inventory, time billing and multiple currency transaction capability.
  • MYOB Premier Enterprise: This is a multipurpose, multi-user business intelligence and management software. Extensively useful for networks with Terminal Services.
  • MYOB FirstEdge (Mac): An important business management software, made for small companies or even ome-based businesses. It is designed for MAC users.
  • MYOB AccountEdge (Mac): This is a business management software for MAC users. It has an integrated payroll, inventory and time billing.

Software skill and Accounting Knowledge Requirement

Though the software by itself is easy to use; there is a need to have basic accounting skills. We recommend that you take an accounting course with MYOB software as a platform of work. The Australian Tax system is reasonably complex, and MYOB software is geared to meet the varied and stringent needs of the ATO. However, there is an expertise required to understand the complex tax system. Wide-ranging courses are offered in the area. Many are short term and even offer distance learning or online learning facility. It is best that you take advantage of the courses. In some of the affliated institutes you can take any one of the following courses.

  • Certificate in MYOB Book-keeping
  • MYOB Book-keeping Assessment
  • Setting Up
  • Day-to-day processes
  • Advanced processes: Beyond day-to-day
  • End of Period Reconciliation and BAS
  • Payroll Management
  • Time Billing
  • Inventory Management
  • Using MYOB for Accountants
MYOB software are one of the most flexible and optimised solutions that you can find.