The changing face of accounting software

Accounting as a practice has never changed in hundreds of years and manual systems taught in secondary school is the same as ever. We still have source documents, journals, ledgers, and trial balance, final reports (Balance Sheet, Profit & loss). Apparently the word ‘ledger’ comes from bookkeepers who wrote transactions in their ‘book’ with their feet rested on a ledge.

The programs that help you do your accounting are thoroughly different now to 10 years ago. Software (and hardware) has changed heaps and the change will continue. In times to come I think we will use voice recognition to make entries to our accounting programs.  The truth is that bookkeeping & accounting work will take less & less time.

We often come across bookkeepers who used MYOB years ago. Those people need refresher training otherwise they go back to their old (and slow) ways of doing things.

What are some of the changes in MYOB Live?