MYOB and Quickbooks now dominate the SME market for bookkeeping and accounting software in Australia. As a result there is a whole industry of add-on products that enhance the reporting capabilities and functionality of the software.
One of the products that we utilise for many of our clients is Money Manager.
If you use jobs within MYOB to report on the profitability of different profit centres within MYOB, you will find that there are some limitations with setting budgets for these different profit centres. Money Manager overcomes these limitations and allows you to set detailed budgets for all of your profit centres and then consolidate them to form the company budget. It gives you many more options when viewing reports for actuals v budgeted figures.
Money Manager also provides a fantastic cashflow forecasting tool. It integrates with your MYOB data file to combine your actual YTD result with your latest forecast in Money Manager to produce cashflow forecasts years in advance. Not only is this a great management tool but banks love it if you need to apply for finance.
