Running a business leaves little time for paperwork – which is why you need to invest in accounting software if you haven’t already done so.
The two most commonly known brands when it comes to accounting software are MYOB and Quicken. However, a third has recently entered the market- Xero.
The accountants at The Quinn Group are experienced in using MYOB and Quicken software as well as Xero and are able to assist to assist you in choosing the right software for your business.
For more detailed information on our bookkeeping services, visit our dedicated website All Bookkeeping Solutions.
MYOB and Quicken – What’s the Difference?
MYOB, or Mind Your Own Business, is designed to help you look after all the accounting and financial record keeping requirements for your business.
When MYOB first launched, its main aims were to help small businesses:
- Be more productive
- Be more competitive
- Save time and money
MYOB helps small and large businesses alike better manage their business transactions. MYOB can manage your cash flow, keep track of payroll and complete reconciliations on your behalf.
Quicken is an American based software tailored to be used by Australian individuals and business owners who like to keep their business transactions separate from their personal expenses.
Quicken is more geared towards those who consider themselves self-employed, and who prefer to track both business and personal expenses in one place and do not need to track inventory and payroll.
Are you after advice on MYOB and Quicken?
Our accountants have years of experience working with MYOB and Quicken and can advise you of the accounting software best suited for your business.
Whilst MYOB & Quicken have the same underlying purpose, there are features unique that are unique to each. Call us today on 02 9223 9166 or submit your enquiry here.