Myob Accounting software has become a household brand in Singapore and in
many countries and known for it’s super easy to use accounting software
functions. It has the ability to easily create chart of account, imputing daily
transaction and real time viewing of accounting reports.
Once upon a time, maybe as back
as the Indus Valley Civilization, people discovered that if they have excess
quantities of one item, they can exchange it with excess quantities of another
item with some other person. This exchange came to be known as business and the
medium of exchange quickly came to be known as money. Yes, there existed a time
when business was as simple as one man buying multiple quantities of a product
and displaying it for sale in the 'Bazaar'. Willing customers would walk upto
to his shop. If they saw the item they liked, they would buy it. The business
man would then close his shop at the end of the day, count his income and go
home a happy and content man.
The 21st century business has
come a long long way from that. Today we plan, we strategize, we do market and
customer survey, then we invite investments – we take loans from banks, we do
cross geography purchase and sales, we have post sale services, we have supply
chain management, we have business risk assessment, we have accounts that need
to be audited, we have forms that need to be filled, we have orders that need
to be serviced on time. And then there are tens and hundreds and thousands of
vouchers that need to recorded and approved and retained and MISs to be
generated and stock to be managed and employees who have to recruited and
managed and paid at the end of every month and taxes that have to calculated
and paid before their respective due dates. Accounting and Inventory software
can be as simple as a book keeping tool or as complicated as a multiple place
of work supporting - real time processing - Enterprise Resource Planning tool.
The type of Accounting and Inventory software that a business uses depends on
its size and industry and geography of functions but what remains constant is
that for a business to survive, this accounting and inventory software is
inevitable. It is the backbone that keeps the business standing. It is one item
which is no longer a luxury.
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