Choosing The Right MYOB Retail Software For Your Business

MYOB Retail Software

MYOB offers several point of sale (POS) packages for retail businesses. These integrate with a shop's accounting software and automatically post journals. This eliminates the need of double entering data and means business owners can readily see how their shop is performing.

Below we give a brief overview of these MYOB packages so you can identify which is most appropriate for your needs.

MYOB RetailManager

MYOB’s RetailManager is PC based software and ideal when you don't want or have internet access in your shop. It's easy to use, and a great solution whether you have one or many shops. The program integrates seamlessly to MYOB AccountRight so that your Profit & Loss and Balance Sheet reports are kept up to date on a daily basis. It's ideal if you sell and manage inventory, require fast sales processing, need to manage customers on account and see exactly how the shop is performing. It's compatible with most POS hardware.

Pros

Tried and proven bullet proof software
Intuitive interface and easy to read screens makes for fast training
Compatible with most POS hardware – cash drawers, docket printer & bar code scanners
Seamless integration to AccountRight – GST, bank, inventory, debtors’ balances posted daily
Custom add-on reports available to purchase to supplement the 70 existing reports
Good audit trail and users cannot delete transactions once posted
Great export/import options so data can easily be transferred
One-time license fee so very cheap to own. Pay once and use forever

Cons

Desktop and/or server based (not available via a web browser)
Doesn’t connect to all types of EFTPOS machines – limited range available
MYOB are not investing in RetailManager developing, however the product is still well supported

Conclusion:

MYOB RetailManager is recommended for shops who want integration to MYOB AccountRight and those who want to run on their PC or server and not via a web browser. The software runs reliably for years and is cheap to maintain having no compulsory annual license fee. The software is well developed and supported by both MYOB and MYOB Certified Consultants.

MYOB Kounta

MYOB Kounta is perfect for any sized hospitality business such as bars, restaurants & cafes, plus service businesses and smaller retail shops who need stock control. It allows you to view real-time data of your sales, inventory and performance indicators on any mobile device.

Pros

Kounta has the ability to work both online and offline should the internet go down
Can run it on any web browser so not limited to Windows (i.e. can run on an iPad, MacBook or other device with a browser)
Ability to bulk import stock from your existing POS system or from Excel
Can use product components to make a final product that is sold
Print barcodes and labels with ease using the barcode and label printing add-on
Flexible payments including layby and account sales
Create and track multiple user accounts, each with a secure pin code
Tracks sales history per customer
Good reporting options
Connects to a large number of other on-line packages
Integrates to MYOB Essentials and AccountRight accounting software

Cons

MYOB doesn’t support this product directly but good third-party support & from Kounta themselves

Conclusion:

We recommend Kounta for hospitality customers and retailers wanting web-based retail software

Need Help?

Still not sure which of the above retail software packages is best for you? Contact us and we'll make choosing the right software easy. We have over 20 years hands-on experience with retail software and our consultants are experts with all the MYOB packages.

Our 'go to'

AccountAgility is our ‘go to’ when we have clients getting messed up with their MYOB files. Lynley will go in, health check the file, correct the errors and train the bookkeeper to follow best practice.

We look after the client’s tax requirements, but she will dig deep into the software to ensure the reports are reliable.

Margot Leigh ... Chartered Accountant Margot Leigh & Associates

Really appreciated the support

We choose Lynley because she has many years experience on payroll setup & training. Over the years Lynley has always been available to assist online with questions on both the payroll software and on payroll legislation. We really have appreciated the support.

Sharleen Murray ... Office Manager – Stauff Corporation

Streamlined our systems

Gow Langford Gallery is NZ’s largest privately owned art gallery. The Gallery represents over thirty established New Zealand and international artists. The accounting systems need to be able to accommodate complex transactions.

AccountAgility have worked closely with us, supporting both AccountRight and Payroll since 2012. We have streamlined our systems to eliminate additional spreadsheets and paper documents and now make maximum use of AccountRight.

Shona Irwin ... Chief Financial Officer Gow Langsford Gallery