MYOB Advanced for Acumatica Users

Expand your organisation into Australia and New Zealand with MYOB Advanced, the local version of Acumatica.

Expanding into the Australian and New Zealand region with MYOB Advanced can lead to new opportunities to improve profit and revenue, but it also creates additional challenges. New locations mean access to new markets, a better relationship with your customers, and a stronger local presence against your competition. It sends a message that you are serious about your long-term future in this new market.

Expansion across different locations requires changes to your current processes. From new staff, new costs, the challenges of distance and working across multiple time zones, potentially new suppliers, legislative and compliance issues, and more, the challenges of expansion can quickly balance out the benefits of the opportunity. All of this adds complexity and strain to your current process.

The system that you trust to handle this complexity, Acumatica, cannot be used in either Australia or New Zealand. In 2014, MYOB invested in the Acumatica solution and, in doing so, acquired the right to be its sole trader in Australia and New Zealand. MYOB Advanced is the local solution for Acumatica users to continue their expansion into new Australian or New Zealand markets.

What is MYOB Advanced (Acumatica)?

Why do we say MYOB Advanced (Acumatica)? That is because MYOB Advanced is Acumatica. They are the same solution, built on the same cloud foundation with the same benefits and features.

Just like Acumatica, MYOB Advanced is an end-to-end business management system that gathers data across your entire operation. Whether it is reduced administration time, greater inventory control, or real-time reporting, MYOB Advanced (Acumatica) will improve efficiency in your business. It comes with a comprehensive set of tools for financial management, project accounting, auditability and governance, customer service, and more. MYOB Advanced is designed to streamline business processes, automate tasks and other business events, and provide real-time insights into key performance indicators (KPIs).

MYOB Advanced (Acumatica) is a 100% cloud-based ERP system hosted in Amazon Web Services (AWS). You do not have to worry about maintenance, reliability, storage, or security – all you have to focus on is running your organisation. Cloud Enterprise Software has evolved over recent years, with security as a priority – your data will be safe and secure in MYOB Advanced (Acumatica). Two-factor authentication and personalised login credentials protect the front end. AWS’s robust server system protects your data at the back end.

Benefits of MYOB Advanced for Acumatica Users

First and foremost, day-to-day operations with MYOB Advanced will be very familiar for Acumatica users. MYOB Advanced is built from the Acumatica engine, so it shares the features and user interface you are used to on the same cloud-based platform. Like Acumatica, MYOB Advanced has:

  • Training options, including in-person, documentation, and training videos
  • An interface localised to Australian English, which is especially important if hiring Australian and New Zealand staff,
  • Real-time insights into your business operations so you can make informed decisions quickly,
  • An open API to integrate with other business systems, so you can easily share data and collaborate with others,
  • Cost tracking, budgeting, and project costing features so you can control your spending and improve profitability,
  • Order tracking so you can be confident that your products or services will be delivered on time and meet your customers’ expectations
  • Inventory management features to avoid stockouts and ensure that you have the right products in the right quantities at the right price,
  • Time and expense tracking with automatic payroll allocations to projects so you can bill your clients accurately and stay on budget.

There are many benefits to using a system that has been designed for the local region you are operating in. All the idiosyncrasies of doing business in Australia and New Zealand will be familiar to local, but not overseas vendors. Overseas vendors do not build systems to reflect the complexities of comparatively smaller offshore markets like Australia and New Zealand. MYOB Advanced has been specifically customised to meet the needs of Australian and New Zealand organisations and is fully compliant in both countries.

MYOB has the benefit of working closely with local government bodies like the ATO, IRD and more. Inbuilt compliance and other regulatory restrictions simplify adoption for both local and existing team members. A local software option is the low-risk approach. You can be confident that the system will support your team in the same way as Acumatica. You will get the best of both worlds: a market-leading, cloud-native ERP platform built on the stable Acumatica framework with all the benefits of locally developed software. Using MYOB Advanced eliminates workarounds or manual processes for requirements such as:

  • Business Activity Statement (BAS) support.
  • Goods and Services Tax (GST)
  • Cash vs accrual GST
  • Unique Australian and New Zealand payroll requirements
  • Changes in Legislation

Terminology is also different between Australia and New Zealand and the rest of the world. Little differences between “stock” and “inventory” can disrupt your process and confuse your team. Seeing terminology that is more familiar to Australian and New Zealand users eliminates much of the pain of learning a new system.

MYOB is a stable and reliable local vendor in the Australian and New Zealand market. They are the leading provider of accounting software systems across Australia and New Zealand.

One integrated ERP, Payroll, and Workforce Management system

MYOB has continued to develop the Acumatica solution to add considerable value to their local users. MYOB Advanced Workforce Management is an add-on to its inbuilt MYOB Advanced Payroll module. In addition to MYOB Advanced Payroll (Acumatica’s) integrated payroll functionality, MYOB Advanced Workforce Management lets you bring onboarding, rostering, timesheets, and payroll together in one seamless, automated solution. Together, MYOB Advanced Payroll and MYOB Advanced Workforce Management help to maintain compliance for your new Australia or New Zealand team with:

  • Automatic compliance updates, including the latest tax rates, thresholds, and award interpretation,
  • Local public holidays built in, with the option to create custom one-off public holidays,
  • Local leave management requirements and functionality.

Key Features of MYOB Advanced for Acumatica Users

Digital transformation is at the heart of a best-practice approach for modern organisations. Acumatica is an easy-to-use, customisable, cloud-based ERP platform that will improve efficiency in your organisation. It shares its key features with MYOB Advanced (Acumatica):

  • Accounting Integration
  • Cost Tracking
  • Enterprise Asset Management
  • Integrated Business Operations
  • Order Tracking
  • Real-Time Data
  • Retail Inventory Management
  • Shipping Management
  • Supplier Management
  • Time & Expense Tracking

MYOB Dashboard

Financial Management

MYOB Advanced (Acumatica) is an integrated business management solution with real-time access to financials and reporting. Just like Acumatica, it has the sophisticated financial tools you need to easily create board reports and track revenue across multiple sources and entities. Login and role-specific dashboards and reports are always kept up to date so you can see the clearest, most accurate picture of your organisational health. Manage your assets from purchase through to disposal with a single source of truth.

MYOB Advanced has the same strong suite of financial management features as Acumatica:

  • General Ledger and flexible chart of accounts with configurable sub-accounts.
  • Accounts Payable and Receivable.
  • Cash Management to track daily financial operations.
  • Tools for reporting, analysis, budgeting, and planning.
  • Support for multiple base currencies, multiple languages, and complex organisational structures.
  • Consolidation of General Ledgers across multiple companies.

Customer Service

MYOB Advanced provides a 360-degree view of your customer activities and records. Track your clients within a single integrated database to get a clear picture and maintain auditability. Take your customer service to the next level with automated activities based on the critical customer information stored in your MYOB Advanced Customer Relationship Manager (CRM).

Inventory Management

Streamline your inventory requirements supply chain operations, and automate your purchasing processes. Manage stock across multiple sites and locations with full visibility. Generate Purchase Orders (PO) for accurate and visible purchasing tracking. MYOB Advanced’s support for multiple base currencies can streamline inter-company and international stock movements with an accurate financial picture.

Project Accounting

Use the Projects module of MYOB Advanced to manage the costs and profitability of your current projects, with better planning and quoting for your future jobs. Ensure every dollar is being spent effectively and appropriately. Track different revenue sources across multiple projects and receive automatic real-time alerts when projects are at risk of going over budget. The best predictor for future jobs is the ones you just completed. Use all the information on hand to provide accurate quotes based on data, not guesswork.

Mobile App

Access MYOB Advanced (Acumatica) from any browser or via the MYOB Advanced OntheGo app. Team-based collaboration improves dramatically when working in the cloud. You can work knowing the data you are using is up to date and consistent across different teams and workflows – no matter where you sign in.

MYOB Advanced has mobile access

Our Services

Kilimanjaro Consulting is the largest and most experienced implementer of MYOB Advanced Business across Australia and New Zealand. We are skilled, low-risk implementers helping businesses overcome their challenges through the use of clever, innovative and proven technology. Our dedicated team takes the time to truly understand your organisation and customise MYOB Advanced to meet your requirements. Kilimanjaro Consulting takes a low-risk approach to safely and reliably guide our clients to the top of the technology mountain. We are experienced and proven implementers for organisations with Acumatica as their core business management platform.

MYOB Advanced Implementation

MYOB Advanced is a complex, sophisticated business management platform. It requires in-depth solution design and configuration to meet your requirements and to add the most value to your organisation. While an MYOB Advanced implementation may seem like a daunting project, you can engage an expert implementation partner to guide you through to a successful outcome.

MYOB Advanced integrations and customisations

There is a vast array of specially developed connected services that can integrate with MYOB Advanced to create a technology ecosystem. These systems are specifically developed to meet individual industry or departmental requirements and can further improve efficiency. MYOB Advanced integrations and customisations allow you to build a truly custom system for your organisation.

Acumatica and MYOB Advanced FAQs

MYOB Advanced Business is a sophisticated software platform. Naturally, this leads to many frequently asked questions.

Get in touch today

If all of this new data and information is not brought together into your current processes, you limit the ability to pull together reports and see the full picture of your organisation’s health. New locations bring an increased need for more timely and relevant management reporting across the business, with greater visibility of remote local operations. Management needs to be able to make fast, informed decisions about the new locations to see what is working and what needs review compared to the established process. Each new location will have its own unique relationship with the market. Being able to factor those requirements into your process and report on the visible effects is a key step in making the new location stick.

To start a conversation about how MYOB Advanced can support your existing Acumatica site with expansion into Australia and New Zealand, email or call 1300 857 464 (AU) or 0800 436 774 (NZ).

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