MYOB softwares are ideal for accountants because of the various functions that are accessible to them. Not only can essential accounting practices be performed, accountants can safely make use of the Myob Software in Singapore with the assurance that data calculations are kept accurate, and that accounting errors will be noted for easy corrections. However, if you find yourself in need of more assistance, here are 5 MYOB add on recommendations that you can consider using: 

1. Fathom 

Fathom is an MYOB add on that helps users by enabling the easy creation of management reports detailing crucial information of the business. With the ability to integrate seamlessly together with MYOB, users are able to transform accounting data into reports and dashboards easily. Accountants can then use these reports and information to assess their own performance, keep track of data trends and easily look for areas of the business that require improvement. Not sure about the add on? Try a free trial and familiarise yourself with it today!

2. Abtrac

Abtrac is an add on that helps accountants arrange timesheets, schedules, manage projects and invoices. Abtrac also eliminates data errors and inefficiencies by enabling accountants access to more information that can assist in better decision making. Abtrac can keep track of clients, sub-consultants, stages, projects, estimated fees, employees, timesheets, and more! From initial enquiries to the final invoice process, Abtrac ensures that no information is lost.  

3. Castaway 

Castaway Forecasting is a flexible add on that allows accountants to create forecasting, business and 3 way budgeting modelling. With Castaway Forecasting, users can model financial impacts for different scenarios, months, years and even longer for better visualisation. This will empower users with a sense of confidence and the ability to make better informed plans for the future. 

4. Cerebiz Cash

Cerebiz Cash is an add on that aids accountants with the collection for overdue invoices. Cerebiz Cash assists accountants in the sending of legal demand letters to debtors with long overdue payments, the recording of payment plans, recording of customer conversations for follow up purposes and even the admin and service overhead cost reductions. Cerebiz Cash also allows the debt collection process to be automated so that accountants can automate SME/email reminders to send to clients, inclusive of invoice copies and statements.

5. Calxa Premier

If you have more complex reporting needs, you can make use of Calxa Premier. This add on is currently considered one of the leading add ons that are specially designed for complex budgeting as well as forecasting. Calxa Premier has an extensive library of 50 and counting reports that are easily understood even by non-accountants. You can even choose and customise them to fit your own reporting needs easily. In addition, Calxa Premier also enables easy budgeting by creating shortcuts and wizards. Users can set up bulk budgeting for new reporting periods and track different budget versions. 

These are 5 MYOB add ons that users can consider using for accounting purposes. If you feel up for a little experimentation, try out these add ons today and see how much easier your daily workload can become. These add ons have gained such popularity amongst users that they are even recommended on the official MYOB website too!