is "MYOB Essentials" safe to use? Accountant wants use to go ahead with it.

Forums › Off topic › is "MYOB Essentials" safe to use? Accountant wants use to go ahead with it.

Stacy88

84 posts

Master Geek
+1 received by user: 3

#275667 2-Sep-2020 22:10

Hey guys.

Our accountant just sent us an email with a form asking us to sign the form which authorizes MYOB essentials to process the connection of our bank account to MYOB Essentials. Once everything has been approved, all our transactions will start appearing in MYOB Essentials.

We're unsure if this is safe to proceed and have been concerned about this...we asked our accountant but he hasn't given much info on it besides saying it is safe and we should trust him. Can we please have your guys inputs on this? We're wondering if it's reliable/safe to proceed. Sorry for the nuisance.

Delphinus

611 posts

Ultimate Geek
+1 received by user: 274

#2556052 2-Sep-2020 22:16

Yes it's fine. Good simple online accounting package. Xero has a few more features, but costs a bit more. The bank feeds are great so your transactions automatically appear in your accounting package. It's a one way read-only access to your bank.

Delphinus

611 posts

Ultimate Geek
+1 received by user: 274

#2556053 2-Sep-2020 22:17

Can I ask what sort of business you're in?

Zeon

3926 posts

Uber Geek
+1 received by user: 759

Trusted

#2556063 2-Sep-2020 22:56

Yes you should be fine with that product.

Speedtest 2019-10-14

Stacy88

84 posts

Master Geek
+1 received by user: 3

#2556118 3-Sep-2020 08:31

@Delphinus oh I see. Thanks so much for telling me all of this. I'm glad the MYOB essentials is safe. My husband and I own a cafe store and have been operating for 5 years now. If you don't mind me asking, does MYOB essentials have any fees? I can't seem to see this being mentioned in the forms.

Delphinus

611 posts

Ultimate Geek
+1 received by user: 274

#2556146 3-Sep-2020 09:30

Google is your friend: https://www.myob.com/nz/accounting-software/essentials#anchor-pricing

snnet

1413 posts

Uber Geek
+1 received by user: 556

#2556150 3-Sep-2020 09:42

Stacy88:

does MYOB essentials have any fees? I can't seem to see this being mentioned in the forms.

The software itself does, maybe your accountant is including it with their services if you haven't had to sign up and pay -- if you're referring to the bank feeds, that's a free inclusion for MYOB and Xero and the like.

Dyson

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Stacy88

84 posts

Master Geek
+1 received by user: 3

#2556155 3-Sep-2020 09:49

Okay got it. I'l contact my accountant now to discuss this. Hopefully it is included with their services cause the only thing we were told to do is just sign the 1 page form and return it :D. Thanks for all the help 😅

1cloud

164 posts

Master Geek
+1 received by user: 19

#2556178 3-Sep-2020 10:22

Stacy88:

Hey guys.

Our accountant just sent us an email with a form asking us to sign the form which authorizes MYOB essentials to process the connection of our bank account to MYOB Essentials. Once everything has been approved, all our transactions will start appearing in MYOB Essentials.

We're unsure if this is safe to proceed and have been concerned about this...we asked our accountant but he hasn't given much info on it besides saying it is safe and we should trust him. Can we please have your guys inputs on this? We're wondering if it's reliable/safe to proceed. Sorry for the nuisance.

from a previous MYOB account right user. if you want use essential , i would rather recommend Xero as more functions and streamline

snnet

1413 posts

Uber Geek
+1 received by user: 556

#2556188 3-Sep-2020 10:46

it sounds like the OP's accountant has organised the MYOB subscription and will likely be using it for their internal book keeping - the OP is most likely just handing them their invoices and sales info and the accountant will be putting it thru MYOB

Stacy88

84 posts

Master Geek
+1 received by user: 3

#2556358 3-Sep-2020 14:00

snnet:

it sounds like the OP's accountant has organised the MYOB subscription and will likely be using it for their internal book keeping - the OP is most likely just handing them their invoices and sales info and the accountant will be putting it thru MYOB

Update: yep looks like it is according to my accountants response "The fee is on us as we are using it to reduce our workload". Time to sign the form and return it to him. Hopefully all goes well and many thanks for the help. Have a nice day.