country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Myob Report: Organisational Structure

tag 0 Download9 Pages 2,241 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Write about the Myob Report for Organisational Structure.

 

Answer:

The company chosen is MYOB which is one of the best Australian Accounting company which works on the taxations, accounting in an efficient manner. It has been able to handle the management of the products based on the Accounting edge basics and the network editions in an efficient manner with the suite of subscription-based products and the browser products as well. (Dunbar et al., 2016). MYOB has been able to work on proper management of the finances with the boosting of profitability and making the decisions that are for the real-time view formats of the finances. The company tends to save the time, with increased productivity and spending the time with the ATO complaints. With this, the software can record and measure the accounting transactions that have been mainly for the inventory and the payroll calculations. The setup for the business is related to the third party standards to work on the varied cost complexity.

 

Operational Problems

The operations are mainly related to the inefficiency and the security of the data where the primary concern is about handling the vulnerability to the hackers, fraud and the other threats. The MYOB includes the security standards with the design to implement the best practices in the industry. (Blount et al., 2016). Along with this, the focus is on handling the security standard controls with approvals based on organization workforce along with avoiding the employees to continue in the inefficient manual process. The company needs to offer the different forms of webinars for the users. There are also certain issues related to the smaller transactions and the other concurrent users who work on the primitive database patterns. The performance could be improved through the MYOB users and the database that will be mainly working towards the better development of the routines along with optimization process that tends to take a long time. The smarter way is to optimize the data and work on the system standards with better flexibility for the reporting standards. The companies need to discuss how to process the data when it is done along with producing all the necessary reports that contribute to the marginal development. (Ayousef et al., 2017).

Acquisition Method of ERP

MYOB works on the ERP standards which are for the better field service staffing along with focusing on the effectiveness of the system. The system can provide the easy accounting and the GL functions that are for the different locations, divisions and the branching support. The management is based on fully integrated standards with the Customer Relationship Management to handle the advancement in the stock and the foreign currency management. The extensive measures are based on the landed costs and the shipments to track, integrated jobs and the project costing functionality. This is mainly for the payrolls, time and the attendance for a proper human resource management. ERP software is primarily for the inventory management and streamlining the sales and purchasing, accounting and more in an accountable and scalable format. (Ran et al., 2016). The ERP is set to provide the customized and the scalable platform for the people to eliminate the needs of the ongoing hardware cost. The access is mainly to the cloud payroll solutions that helps in growing and enjoying the benefits of the unified systems with the sharing of information for a better business development. The access is mainly to the powerful cloud payroll solutions that will help in growing and enjoying the benefits that are for the sharing of the information and taking hold of the business. MYOB Advanced is implemented with the network of the expert with the business partners, in and around Australia and New Zealand. The accredited partners can utilize the ERP experience for delivering the tailored solutions which are based on the best practices. A better value is for the servers to manage and then reduce the IT overheads. MYOB works on the advancement of the growth with the convenience to the monthly pricing plans. (Sage, et al., 2016).

 

Describes and Prepare a System Flowchart of the Sales Procedures

The methods of the sales are mainly based on handling the entry of the sales, printing and managing the transactional journals of the system. MYOB also works on the easy customization with adding invoice format, adding the logos and the specific instructions. The additional lines, headers and the subtotals are for the invoices with creating a memo that includes the track of the referral sources with the sales transactions that are recurring for the repeated use. The printing and the email sales quotation with delivery orders and invoices to the customers. (Ran et al., 2016). The use of the sales register is mainly to view the sales status to work on the different quotations, orders, and the products. For this, there are standards related to the lookup; it is important to set and enforce the customer credit limit and then place the customer accounts on hold.

Identify any Control Problems in the System and Fraud

The controlling problems are related to work on the computerized system functioning with the better functioning of the purchase orders as well as payroll. The collation is mainly through the focusing on the employees. There are different issues with the trusted employees, where they are seen to share the information of the company with the competitive company, changing the data entry of the salary, making a fake account of the other person for the salary. It has been seen that the people use the details of the fake employee and join the bank account to their name as well or does not delete the entry of the name of the employees who have left and tried to take money in their bank accounts in their name. The fraudsters are suppliers of all the false purchase in the system with the risks that leads to the creation of fake invoice as well as altering the payments of the customer.

 

Development and Adoption of the Accounting Software Packages

The accounting software package has been set when IBM was able to develop 9PAC which also allowed the users for the better storage and the access of the structured data as well. The setup of the accounting standards is based on working towards the better company trends along with conducting the study for the different people that leads to the adoption processes. (Zhang et al., 2016).  In a modern world, it has been seen that the packaged accounting software is not restricted to the recording or the processing of any financial data. This also includes the functional modules with the use of the managerial decisions that is intended to bring a change with the competitive edge. The standards are based on providing the managerial decision process with bringing the competitive edge. The remarkable standards are set for the advancement in the technology, with the focus on working with the limited intermediaries. Here, the forms are set with advancement in capability, with the ideas set to reflect on the accounting systems where there is a flexible functionality to bring a change in the faster decision-making process. The dimensions are set for the accounting applications with a friendly user interface wherein 1993, Delaware works on striking accounting package with the attention of the Best Software development.

The Current Market Size

The adoption of the accounting is set with the involvement of the 1622 small business patterns with the Australian small business which includes the applications for operations in the cloud infrastructure. The operations are set through the user interface with the web browser works on the transformation of the landscape of IT by bringing enhanced cost effectiveness, with time to market, innovation along with a scale to demands. The focus is on the enhanced security formats with the standards and technology for cloud computing. The authentication of the services and the users is based on the characteristics and the credentials that will be helpful to work on carrying out the authentication of the services with the use of the different services and the characteristics. (Nkosana, 2016). The forms are set to work on the approach to the expansion of controlling data and the security in the cloud.

Leaders with the Competitive Advantage

The company has been able to work on the small and the medium size business with the integration focusing on the identification of the gaps and working with the accounting departments. It includes the collection, processing of the data and maintenance of the books in the effective manner where the major focus has been on the challenges with the desktop accounting software and duplication. The annual reconciliation accounts are tedious with the time consumption issues, errors and the inconsistency to the system. The use of the accounting system for the desktop and the data redundancy is the major issue where the Australia need to use the cloud accounting for the proper setup of the software.

The standards are set for aligning the competitive advantage where the company has been facing competition on Xero, QuickBooks who are the leaders in the market. The changing perceptions of the different business effects include the issues with the support of the micro to the medium sized forms. The competition is mainly based on the acquisition of strength the gap and contribute to the profit. (Abhayawansa et al., 2016). Hence, for this, there is a need to integrate the system planning with the accuracy of the data which is based on the reviews based on the bank feeds set to hold the specifying needs. MYOB also works on the management of the business, accounting and the payroll system which includes the working through identification of the gaps.

 

Gaps and the Challenges

The competition is increasing with the changes in the system of the accounting market software. With this, all the SME are working on cloud accounting software where the users are mainly for focusing on the challenges with the non-autonomous department units. The standards are based on the entrusted formats with an easy collection, processing, and the data maintenance. The accounting procedures are set with the hold of the formats and the duplication process in an effective manner. The reconciliation of the annual accounts is also with the consumption of the time, error and the system inconsistency. The forms of the accounting with a redundancy of the data is important and needs to consider the changes with the capability integration process. The setup of the striking accounting package is set with the involvement of the adoption of the simplify data stores with the intention that includes the forms and the intention for the different dimensional applications.

Recommendation

The applications should work on SaaS where the accounting is mainly for the free API for the third party vendors which includes the unified process for the ledger process. The capability is mainly to provide the users with the applications as well as the other operating models that works on operating through the thin user interface. The forms are set with the simple web browser process, where the cloud computing works on improvement in the cost effectiveness along with the faster time to market, innovation and demand. The standards are for the users where the security measures are set like the firewalls, users which are not secured with any unauthorized access by the foreign parties. (Watty et al., 2016). With this, the risks of the cyber crimes to the information asset are mainly associated that includes the Identify Management measures to carry the process of authentication of the services and the users who are based on the characteristics and the credentials. The forms should be set with the information-centric pattern where the approach relies on working towards the handling of the security and the cost effectiveness process as well. Australia is considered to be the third biggest software provider which can characterize the market with the ever growing needs of the business for the small and the medium scale. 

 

Reference 

Abhayawansa, S., Abhayawansa, S., Guthrie, J. and Guthrie, J., 2016. Drivers and semantic properties of intellectual capital information in sell-side analysts’ reports. Journal of Accounting & Organizational Change, 12(4), pp.434-471.

Alyousef, H.S. and Alsharif, A.A., 2017. The Experiential Meaning in Saudi Postgraduate Business Students’ Multimodal Accounting Texts: A Multidimensional Exploration. Australian Journal of Linguistics, 37(2), pp.219-251.

Blount, Y., Abedin, B., Vatanasakdakul, S. and Erfani, S., 2016. Integrating enterprise resource planning (SAP) in the accounting curriculum: a systematic literature review and case study. Accounting Education, 25(2), pp.185-202.

Dunbar, K., Laing, G. and Wynder, M., 2016. A Content Analysis of Accounting Job Advertisements: Skill Requirements for Graduates. The E-Journal of Business Education & Scholarship of Teaching, 10(1), p.58.

McGrath, D. and Murphy, D., 2016. Understanding accounting as a career: an immersion work experience for students making career decisions. Accounting Education, 25(1), pp.57-87.

Nkosana, T., 2016. Use of information and communication technology (ICT) and e-commerce in small remote hospitality establishments in KwaZulu-Natal (Doctoral dissertation).

Ran, A.S., McGloin, D.C., Gosby, D.D. and Tripathi, A., Intuit Inc., 2016. Dynamic application identifier for use in an update workflow. U.S. Patent 9,256,418.

Sage, R.G., Intuit Inc., 2016. Executable code generated from common source code. U.S. Patent 9,454,390.

Watty, K., McKay, J. and Ngo, L., 2016. J. of Acc. Ed.

Zhang, Z., Nan, G., Li, M. and Tan, Y., 2016. To Lead or to Follow? Market Entry and Pricing Strategies for SaaS Provider.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Myob Report: Organisational Structure. Retrieved from https://myassignmenthelp.com/free-samples/myob-report-organisational-structure.

"Myob Report: Organisational Structure." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/myob-report-organisational-structure.

My Assignment Help (2018) Myob Report: Organisational Structure [Online]. Available from: https://myassignmenthelp.com/free-samples/myob-report-organisational-structure
[Accessed 30 March 2020].

My Assignment Help. 'Myob Report: Organisational Structure' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/myob-report-organisational-structure> accessed 30 March 2020.

My Assignment Help. Myob Report: Organisational Structure [Internet]. My Assignment Help. 2018 [cited 30 March 2020]. Available from: https://myassignmenthelp.com/free-samples/myob-report-organisational-structure.


For years now, MyAssignmenthelp.com is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest It Write Up Samples

SIT182 Real World Practices For Cybersecurity Assignment

Download : 0 | Pages : 7

Answer: Introduction The main aim of this project to develop the crack some passwords on different levels of a website. The implementing the project we can used for the ten levels that are includes are cryptography, directory traversal, sql injection, malicious redirects, Burp suites, Nmap, session management, information gathering, reporting.Postings are refreshed day by day and are utilized to spread and encourage further web hacking. Pract...

Read More arrow

ISY3001 E-Business Fundamentals And Systems Management

Download : 0 | Pages : 14
  • Course Code: ISY3001
  • University: Australian Institute Of Higher Education
  • Country: Australia

Answer: Task A: The Concept of Business-To-Business (B2B) Model In this assignment, the Business-to-Business (B2B) model of e-commerce have been chosen. The B2B model of e-commerce business can be defined as the collaboration of more than two different business organisations based on performing several forms of business transactions. This scenario also depicts the involvement of businesses based within wholesalers, retailers or different manu...

Read More arrow

COIT20249 Professional Skills In Information Communication Technology 3

Download : 0 | Pages : 10
  • Course Code: COIT20249
  • University: Central Queensland University
  • Country: Australia

Answer: Introduction Augmented Reality (AR) has emerged different technologies and it uses artificial intelligence and machine learning algorithms for providing a superimposed images and videos of real things for better understanding. In this report, AR technology will discuss with their uses in different fields as well as how it is beneficial for education system. AR is a latest technology, which is highly used for understanding of different t...

Read More arrow

BUS707 Applied Business Research

Download : 0 | Pages : 17

Answer: Introduction  The foremost determination of the paper is to investigate the role of the automatic learning ability of the AI based systems. Most of the business organizations all over the world uses the automated learning ability of the AI based systems and this paper will be very much effective for the organizations who are planning to implement this technology in their working environment. Along with this accounting organizatio...

Read More arrow

ITSU1001 Introduction To Computer Systems And Networking

Download : 0 | Pages : 12
  • Course Code: ITSU 1001
  • University: Victorian Institute Of Technology
  • Country: Australia

Answer: Introduction: Flight management System or the FMS is the fundamental component that is included in the modern airliners avionics. This is one of the specialized computer systems which is associated with the automation of the various in-flight tasks along with helping in the reduction of the workload upon the flight crew up to a point where the modern civilian aircrafts no longer need to carry the flight engineers or the navigators (Zh...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,236,324

Orders

4.9/5

Overall Rating

5,066

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

529 Order Completed

95% Response Time

Ivan Blank

PhD in Functional Human Biology

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

thank you guys i have not got grade but look vey good. you always doing good job. thank you again and again

flag

User Id: 380549 - 30 Mar 2020

Australia

student rating student rating student rating student rating student rating

Amazing work done by the expert. Would love to give more work to this team. Attention to detail

flag

User Id: 127429 - 30 Mar 2020

Australia

student rating student rating student rating student rating student rating

It was awesome and got desire score..I am very happy to work with them and I will work with them.

flag

User Id: 349582 - 30 Mar 2020

Australia

student rating student rating student rating student rating student rating

I\'m okay with the work. Took time to answer my concerns and feedbacks. Delivered within the required timeframe

flag

User Id: 382318 - 30 Mar 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?