A GUIDE TO LIFE AFTER ACCOUNTRIGHT CLASSIC · 2020-03-30 · including direct invoicing from suppliers. As well as the anywhere, anytime access that comes with working online, there

A GUIDE TO LIFE AFTER ACCOUNTRIGHT CLASSIC

Chapter 1 End of support or end of life? 2Chapter 2 What is Single Touch Payroll? 4Chapter 3 Features you’re missing out on 6Chapter 4 The benefits of moving online 8Chapter 5 Which online solution fits best? 10

Contents

The end of an era

As of 30 September 2019, MYOB will no longer be providing features, patches, compliance updates or product support for AccountRight Classic (v19) solutions.

This includes updates for any future Windows operating systems.

Tech company stops supporting much loved software - sounds a bit dramatic doesn’t it? In reality though, its something that happens pretty regularly in the name of progress – If it didn’t, we’d all still be getting harassed by ‘Clippy’ the paperclip guy every time we opened a document in Word.

We’re convinced by the benefits of moving to an online accounting solution. This guide is designed to help you understand the benefits of making that move.

What is v19?

v19 is the term commonly used to cover a selection of our legacy desktop software including:

+ Business Basics v1.1 (AU) / v1.5 (NZ) and earlier

+ AccountRight Standard v19.15 (including MYOB Accounting v19.8 and earlier)

+ AccountRight Plus v19.15 (including MYOB Accounting Plus v18 and earlier)

+ AccountRight Premier v19.15 (including MYOB Premier v12.5 and earlier)

+ AccountRight Enterprise v19.15 (including MYOB Premier Enterprise v6.5 and earlier).

1

END OF SUPPORT, END OF LIFE – ALL MEANS THE SAME THING DOESN’T IT?

2

Well, not really. When a product reaches its end of life a change is made that will render the product unusable. That’s not the case when we talk end of support.

In June 2019 we will be releasing a compliance (Payroll tax table) release for v19.

That will be the last compliance or feature release for our AccountRight Classic products.

The product will still be able to be accessed and used, even after we end support in September. The only difference is that if something goes wrong, or an Operating System upgrade impacts your product, or you require new tax tables in 2020, there won’t be any support or patches available from MYOB to fix the problem.

Why now?

There are several reasons for stopping support for legacy products, even those as well loved as v19.

The short answer is that it allows us to focus our efforts and resources in the areas that will offer the most value to the most people. To determine that we looked at three key areas:

Demand

94% of SMEs who bought software from MYOB in 2017 chose an online solution to help run their business.

This figure is indicative of a trend that is only heading in one direction.

Our values

We’ve made a commitment to delivering the solutions that provide users with the most value.

As the needs of our clients and the industry changes, so does the way we develop software.

Investment required

Supporting and developing solutions on multiple platforms and technologies is extremely expensive.

By reinvesting this money into a single platform we can increase the speed and value of enhancements.

3

IN A NUTSHELL, IT’S A BIG TIMESAVER FOR YOUR CLIENTS.

4

Single Touch Payroll (STP) is a new, simpler way for your clients to report their employees’ payroll information to the Australian Taxation Office (ATO).

Single Touch Payroll will be the law by 1 July 2019, so it’s necessary for everyone with employees.

But don’t worry, we’re here to make it as easy as possible, using the payroll feature which already exists in MYOB’s accounting software.

STP for v19?

While v19 solutions will continue to work even after the 30 September end of support date, STP introduces some urgency for people with employees to move to an online solution.

v19 will not be STP compliant. We encourage all users with employees to move to an STP compliant solution before the STP deadline to ensure they remain STP Compliant.

Visit myob.com/stpconnect for everything you need to know about STP and to see which MYOB STP compliant solutions are best for you.

5

MULTIPLE REASONS TO MOVE ONLINE.

6

While STP is a compelling reason for many to move to an online solution, its far from the only reason. AccountRight has experienced several new releases over recent years that have introduced a new world of great features.

Other than STP there’s Pay Super, better cashflow management through invoice payments and improved In Tray capabilities including direct invoicing from suppliers.

As well as the anywhere, anytime access that comes with working online, there are several other great features you will notice when you move to an online solution.

+ Access for multiple users

+ Bank feeds (smart reconciliation)

+ In Tray (saving bills and receipts into your file)

+ Pay Super (paying super directly from AccountRight)

+ Live exchange rates on multi-currency transactions

+ Online invoicing (no need for Outlook) and invoice payments*

+ Single Touch Payroll, GST return and BAS online lodgement

+ Improved searching and sorting.

7

THOSE WHO HAVE MADE THE MOVE ALREADY ARE EXPERIENCING TREMENDOUS BENEFITS.

8

MYOB online accounting solutions are designed to provide the following efficient and affordable tools for collaboration on your accounts:

+ Increase revenue Reduced IT costs and improved productivity

+ Save time Save up to 10 hours a week with bank feeds, and another 8 hours a month through PaySuper

+ Improve cashflow Faster payment times and better insights through accepting credit card and BPAY payments on invoices

+ Reduce complexity Simplify accounting and bookkeeping processes

+ Introduce flexibility 2/3 of SMEs have employees that regularly work away from the office

+ Reduce payment days Users of invoice payments have reduced their payment days on average by 33 days

+ Regular updates Feature updates and compliance updates will happen more frequently and easily.

But what about...

Chances are, if you’re not convinced about moving to an online solution by now, there are a couple of major topics on your mind:

Multi-Currency

Teams of dedicated developers working on Multi-Currency and delivering new features for a couple of years.

AccountRight is now not just a match for the Multi-Currency functionality in v19 it surpasses it.

M-Powered Payments

Our payment teams have been developing a solution that allows users to pay their bills and employees direct from AccountRight.

This feature will be released later this year.

9

10

THERE’S AN MYOB ONLINE SOLUTION THAT’S DESIGNED TO MEET YOUR CLIENTS’ NEEDS – NO MATTER WHAT STAGE THEIR BUSINESS IS IN.

10

Happy with AccountRight?

We recommend moving to the equivalent AccountRight online solution.

Standard

$35.00^/mo

50% off for 3 months

$70.00/mo

For businesses that need to manage

inventory

+ Calculate & track GST

+ Manage bills, quotes, invoices & expenses

+ Create purchases & manage suppliers

+ Track jobs & manage inventory

Plus

$54.50^/mo


$109.00/mo

For businesses that need to manage

inventory and payroll





+ Bill by time

+ Pay employees, report through STP, pay super & track leave

Premier

$70.00^/mo


$140.00/mo

For businesses that manage multiple

company accounts





+ Bill by time

+ Pay employees, report through STP, pay super & track leave

+ Multi currency

+ Manage 2 company accounts

11

Simple business needs?

We recommend exploring MYOB Essentials, a fully online solution.

Essentials Payroll

$5.00^/mo


$10.00/mo

Ideal for those only requiring payroll

+ Single Touch Payroll

+ Pay up to 4 employees

Accounting Starter

$13.50^/mo


$27.00/mo

Perfect for those just starting up


+ Pay 1 employee

+ Link your bank account* (25 transactions p/m)

+ Track & prepare BAS, GST

+ Send quotes & up to 5 invoices per month

+ Manage expenses & up to 5 bills per month

+ Mobile apps for quotes, invoicing & receipt capture

+ Card & BPAY paymentsˇ

Accounting

$24.00^/mo


$48.00/mo

Great for small businesses and sole traders


+ Pay 1 employee

+ Link your bank account* (unlimited transactions)


+ Send unlimited quotes & invoices

+ Manage expenses & unlimited bills



12

More complex business needs?

You may consider MYOB Advanced – an Enterprise planning software designed to take care of everything.

MYOB – the perfect partner to take you online

MYOB has a bold vision for the future of accounting and bookkeeping and we’re committed to helping shape our industry together.

With an ecosystem of solutions ranging from accounting software, to payments, MYOB Loans, Point of Sale and more, MYOB’s solutions are designed to help businesses of all sizes succeed.

By working closely with our partners in the development process of our solutions we ensure that we’re delivering tools that maximise efficiency for accountants, bookkeepers and their clients, as well as strengthen the relationships between them.

Accounting + Payroll

$70.00^/mo


$60.00/mo

For those taking care of business, and payroll


+ Pay unlimited employees

+ Link your bank account* (unlimited transactions)


+ Send unlimited quotes & invoices

+ Manage expenses & unlimited bills



13

GPRC1316039-0719

Documents

A GUIDE TO LIFE AFTER ACCOUNTRIGHT CLASSIC · 2020-03-30 · including direct invoicing from suppliers. As well as the anywhere, anytime access that comes with working online, there