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MYOB Accountants Office
Smart tax, client accounting and practice management software
The one-stop solution for your busy practice
With constant changes in tax law, accounting standards and legislation, you’re being challenged to work smarter than ever – or face administrative overload.
That’s why we created MYOB Accountants Office: an easy-to-use software suite for tax work, client accounting and practice management.
Whether you’re a practitioner focusing only on tax preparation, or you have a practice that takes on a broader range of services, there’s an MYOB Accountants Office package tailored to your needs.
MYOB Accountants Office
MYOB Accountants Office streamlines practice management, client accounting, tax preparation and electronic connectivity.
The tools you need, designed to work together
Accountants Office pulls together the most common tools you need – from basic tax preparation all the way to electronic connectivity with the ATO, financial institutions and your own clients – and links them seamlessly.
With one client-centric database to link all the modules together, data flows effortlessly – saving you unnecessary rekeying and keeping your information consistent.
Smart touches – like common menus and toolbars – mean you can spend less time fussing with software, and more time focused on serving your clients well.
Accountants Office is the one-stop solution your busy practice needs to get the job done – faster, easier, smarter.
MYOB Accountants Office
Everything you need to make tax less taxing
Navigating through a return couldn’t be easier. You can use the Goto drop-down menu, the left-hand scroll bar or the category tabs.
MYOB Accountants Office is packed with features to save your practice time and money as you prepare, lodge and manage your clients’ income tax returns, activity statements and other tax forms.
Enter data quickly and easily
Accountants Office’s intuitive interface is designed to help your practice be more productive, faster:
• Electronic forms, worksheets and tables look just like the familiar paper returns
• Get one-click access to current and prior year returns
• Results from supporting worksheets automatically transfer to main return
• Highlights call attention to fields used in prior year returns, helping you focus on the most important sections
Save time with handy calculators and import features
Don’t rekey – Accountants Office offers useful tools to transfer data and make calculations fast and accurate:
• Import ATO Activity Statement Reports to pre-fill Activity Statements received via ELS
• Import Accountants Office General Ledger data and MYOB business software into Activity Statements
• Automatically calculate dividend imputation credits
• Add depreciation schedule directly against income and deduction items
Useful tools speed production and improve accuracy
Electronic assistants make your job easier:
• Audit tools scan the entire return and display errors on one page – the ‘Fix it’ button resolves each problem quickly
• Screen prompts give you easy navigation to the schedules and worksheets you need
• Tax estimates are available at any time
• A what-if calculator lets you try alternative scenarios
Hassle-free management and reporting
Get one-click access to all the tools, reports, forms and schedules you need:
• Comprehensive library of tax returns and ATO schedules
• Set up as many Tax Agents as you need
• Input ATO Assessments for taxpayers
• Export and import returns
• View status levels to manage return workflow
• Comprehensive library of management and ATO reports
Convenient printing options
Don’t waste money printing information you don’t need – Accountants Office makes the final steps of your return stress-free:
• Print a client copy of the return displaying only active items
• Create an ATO facsimile copy
• Hide the TFN on the return and export to PDF
• Prepare and print an invoice with the return
Throughout the return, screen prompts advise you of ATO requirements and provide easy navigation to relevant schedules and worksheets.
Client accounting that works harder, so you don’t have to
The optional Work Papers module helps you combat paper clutter in your practice, conveniently storing relevant electronic worksheets as part of the General Ledger. Thanks to integration with Microsoft Excel®, you can easily create new workpapers and use them practice-wide. Balancing and non-balancing workpapers are clearly displayed within the General Ledger with green or red “W” indicators.
If your practice extends beyond tax preparation, MYOB Accountants Office has easy to use client accounting software to help make your practice more efficient.
MYOB client accounting lets you manage assets as well as general, trust and departmental ledgers. You can transfer data seamlessly to create sharp, professional reports, budgets and other financial documents.
Wizard-driven screens and other time-saving features in Accountants Office allow you to handle all your client accounting work faster, easier and more accurately.
Get up and running faster
Accountants Office is designed to be easy to use, right away:• Industry standard GL templates let you set up new clients
easily• An intuitive interface increases your productivity. Drill down
to the transactional level, edit and click—your changes are updated instantly throughout the ledger
Easy, fast transaction entry
Accountants Office provides seamless data transfers with your clients, banks, and other software:• Import transactions directly from your clients’ financial
institutions, MYOB business software or any formatted text file• Integrate with other MYOB tools to create up-to-date BAS/IAS
statements, financial reports and other documents
Create professional, clear reports
With Accountants Office it’s easy to produce reports that are easy to read:• 100 built-in compliance and management-style reports• Full-colour graphs, logos, dynamic data expressions and client-
specific details• Export reports to Microsoft Word®, PDF or even the web• Determine which notes should print• Future periods option – so you can print current or future
period reports• Balances stored for five years of data plus one future year
Additional productivity tools increase efficiency
Everyday tasks are easier with these thoughtful features:• Create budgets quickly, and export to Microsoft Excel® • Easy bank reconciliation tools• Simple consolidation method: create groups for your clients
Comprehensive client asset management
Accountants Office makes adding, managing, selling and reporting on assets fast and straightforward:• Create tax depreciation schedules using STS rules• Journal transactions based on Tax or Management
depreciation schedules• Journal all asset purchases to a nominated account• Easy reconciliation of GL and asset management ledgers• Customise asset details reporting
Tools that cater for all your needs
Managing trusts or livestock is easy with Accountants Office:• Manage trust accounts in single or multi-ledger mode• Departmental ledgers let you manage and report on multiple
businesses or properties for a single client• Record closing stock values for livestock and share trading• Create electronic work papers that form part of the GL
Secure, convenient storage of client data
Protect the privacy and security of your clients’ information – while maintaining fast, convenient access for authorised users:• Add a password to individual client ledgers• Control who has access to edit transactions and ledgers• Back up ledgers to a floppy disk or a standalone database
Practice management that makes your business run smarter
The Marketing Wizard steps you through the process of targeting specific clients or client groups in your database for marketing campaigns.
When your practice is running smoothly, you’re free to focus on building success for your clients and your firm.
From recording your time to analysing your business profitability, MYOB Accountants Office offers all the tools you need to maximise productivity and streamline your practice. Available features include calendar management, timesheets, billing, debtors management, workflow tools and marketing capabilities.
A client-centred approach
Accountants Office works the way you do – with all relevant documents for each client grouped together:• Manage all client documents within the MYOB Accountants
Office central client profile • Access current matters quickly by updating your “Favourites”
– just drag and drop to update the list of clients you’re working with
• Update client details just once; every aspect of your practice is instantly updated
Prepare bills and invoices efficiently
Ensure good cashflow with effortless timesheet, invoice and statement production:• Easy-to-use billing system: create invoices in seconds• Automatically record time as you go throughout the day• Vary charge rates based on billing employee and/or work code• Automatic WIP update allows you to bill time as soon as it has
been entered onto a timesheet• Templates make your invoices and statements faster to generate• Include BPAY®, credit card or Postbillpay invoice options
Powerful practice analysis tools
It’s easier than ever to understand and manage your practice – Accountants Office delivers your vital business information, straight to your desktop:• Get a quick snapshot of your practice in one click; then drill
down to view specific information on lockup figures, debtors, tax status, workflow, client details, notes and more
• Get better visibility into your practice’s financial performance, profitability, workflow – even individual staff productivity
• Analyse which are your most profitable clients, which activities take up most of your time and how well your staff capacity is being utilised
• Know project status and identify potential resource issues before they impact your practice. The workflow module even allows you to prepare more effectively for upcoming recurring work
Communicate with your clients better
Understand your clients better, and acquire new prospects, by taking advantage of the Marketing module in Accountants Office.• Segment and analyse current and prospective clients using
unique characteristics that you identify• Take advantage of integration with Microsoft Office applications
to create personalised marketing letters, invitations, newsletters and more
• Create mail merges using any criteria you specify – even financial data such as balances or outstanding invoices
View and launch all client documents - even ones not created in MYOB - from one central profile screen. Just drag and drop files (even as an email from Microsoft Outlook!) and let Accountants Office do the rest.
When you can collaborate and share data efficiently with clients, other institutions and the rest of your practice, you’re effectively increasing the size and impact of your team.
MYOB Accountants Office makes it easy to work with external products and systems to extend the power of your practice. Take advantage of the fact that many of your clients use MYOB business products – 70% of small businesses in Australia do – to exchange tax and other financial and business data seamlessly.
Collaborate with clients
Accountants Office is designed to let you save time and deliver better client service by sharing data more efficiently:
• Import client data from MYOB business management software in seconds
• Give new clients a head start by exporting a chart of accounts they can use in their MYOB business software
• Get cleaner data with the Company Data Auditor tool – built into your clients’ MYOB business software – that steps clients through end-of-period reconciliation and highlights processing errors they should correct before sending the files to you
• Publish tax returns, reports and other documents to a private, secure client website instantly using ClientConnect
Connect to ATO and financial institutions
Improve accuracy and productivity by transmitting data electronically:
• Prepare, lodge, validate and amend tax returns and Business Activity Statements from within MYOB Accountants Office
• Automatically receive and code clients’ bank statements directly into the General Ledger
Powerful business connectivity tools
Extend the power of Accountants Office
Accountants Office integrates with a range of other software products to help you improve client service and expand your practice’s capabilities:
• Easily customise a client report, worksheet or other document to your needs, thanks to integration with familiar tools like Microsoft Word® and Excel®
• MYOB ProfitCents will analyse your clients’ data and create detailed plain English financial reports in minutes
• MYOB ProfitOptimiser takes your clients’ core financial data to produce an easy-to-understand “financial scorecard.” You can then analyse this information quickly and easily, as well as model future profit, performance and cash flow scenarios
• MYOB PDF Manager enables you to group client documents created in Accountants Office (or any other software) and publish them in a secure, easy-to-read PDF file
• MYOB ClientConnect lets you give clients secure online access to their reports and other documents
• Use Banklink to download clients’ transactions details directly from banks into Accountants Office
• MYOB Corporate Compliance helps you meet ASIC corporate recordkeeping requirements by automating document production, reporting and lodgement
• MYOB M-Powered Invoices enables you to add convenient payment options to your invoices, including BPAY®, credit card online or by telephone, or Postbillpay in person
Accountants Office makes connecting and sharing information with your clients easy. Instead of printing a set of financial reports for the client, why not publish them directly to his secure web space?
Depending on the size and scope of your practice,
MYOB offers different Accountants Office (AO) packages to suit your needs.
Product AO Tax AO TaxPractitioner
AO PracticeManager
AO PracticeManager Advanced
Features Tax
BAS/IAS
Client database
Tax
BAS/IAS
Client database
Tax
BAS/IAS
Client database
Tax
BAS/IAS
Client database
General Ledger
GL Graphs
Fixed Assets
Trust Ledger
Standard Reports
General Ledger
GL Graphs
Fixed Assets
Trust Ledger
Standard Reports
General Ledger
GL Graphs
Fixed Assets
Trust Ledger
Standard Reports
Timesheets
Invoicing
Debtors
Timesheets
Invoicing
Debtors
Diary
Workflow
Marketing
Which Accountants Office package is best for you?
MYOB Australia Pty Ltd ABN 13 086 760 198
1800 331 [email protected]/au MK3466/1005
About MYOB
MYOB is a global provider of solutions that liberate business owners and accountants from the burden of day-to-day administration, empowering them to achieve business success. MYOB develops and delivers award-winning software, services and support for more than 500,000 businesses and over 10,000 accounting practices worldwide.
MYOB works directly with accounting practices to streamline their processes and maximise their productivity. MYOB solutions are used by leading accounting practices from tax agents and sole practitioners to all the Big 4 firms.
Through its understanding and partnership with both business owners and accountants, MYOB strives to further enhance the links between them for their mutual benefit.
MYOB Limited is a public company listed on the Australian Stock Exchange (ASX symbol ‘MYO’).
Solutions for your practice
MYOB delivers innovative and powerful business solutions that cover practice management, taxation, client accounting, compliance and other services. We help make accounting professionals more productive by providing a range of integrated software solutions backed by comprehensive support, training and consulting services.
Client Accounting
• AccountantConnect• Assets Management• BankLink• General Ledger solutions• ProfitCents• ProfitOptimiser• MYOB business products
Compliance
• Corporate Compliance• Insolvency• Investments• Superfund
Practice Management
• Accountants Office• ClientConnect• Document Manager• M-Powered Services• PDF Manager• Professional Partner Program - Public Accountants• Viztopia Practice Management
Tax
• FBT• Tax production, lodgement and planning
