Use MYOB Software to Pay Staff and Suppliers


Use MYOB Software to Pay Staff and Suppliers
Through the MYOB Software Singapore package, payment is directly paid to staff and suppliers on the same day. Paying the staff and supplier is a little difficult process and it takes lots of time for small business owners.
Paying Suppliers
To pay for the suppliers’ the user need to log out of their MYOB software file and then log in their online bank portal. By using the new partnership initiative, Small business owners are directly paying their invoices from their MYOB software file. Through this feature, it saves lots of time.
Get Answer for How It Works
  • Business owners receive the invoices from suppliers
  • Such invoices entered into the MYOB’s online accounting software
  • To pay from the Singapore MYOB software you have to select the number of invoices ( it may be one or more invoice)
  • Then click the Pay Now button
During the payment process, MYOB will
  • Process the invoice values against debit and credit card which has been securely stored
  • And done the same day payment to suppliers and staffs
  • Update the accounting software to display the Payment process completed message
At the same time business owner have another option to process payroll
Processing Payroll
From the nominated debit or credit card, the staff will get the payments through the MYOB software which has a new option to pay staff.
Get Answer for How It Works
In MYOB software enter the employee’s details such as name, nominated bank account details etc
With owner prompted, payroll is calculated to pay the payment
During the payment process, MYOB will
  • Process the invoice values against debit and credit card which has been securely stored
  • And done the same day payment to suppliers and staffs
  • Update the accounting software to display the Payment process completed message
By using the MYOB software it removes the pain points of manual processing and provides a solution to work with global partners and resolves key cash flow issues. Through the MYOB software speed up process, lots of payments are done for small business owners.
Through this post, definitely, you will learn about the MYOB Software to Pay Staff and Suppliers. Still having any hesitation to select MYOB software for your business just read the blog: Is MYOB Essentials the right choice for your business? Or feel free to call us @ 65-6746 2613 or 65-6227 1797 to book your live demo in MYOB accounting software or any other Singapore accounting software. Hurry up!!
Location: Singapore

Comments

Post a Comment

Popular posts from this blog

Did You Really Need a POS System for Your Small Business

Image
The decision to move to POS accounting software technology is certainly not one to be taken lightly. There are many considerations to look at, to make a qualified decision. As more and more business owners of small to medium size businesses are following the lead of the bigger corporations in using POS systems for the management of their business, what’s becoming apparent is becoming less and less about whether or not any particular business would benefit from moving to POS technology. The question that is an important one to address has to do with what’s to become of the last holdouts who, for one reason or another, stick with their time-honored system where every operational detail is handled by and tracked by humans. The question that must be answered now is “What will happen to businesses that choose to not avail themselves of the full scope that POS accounting software technology covers, by moving their operations over to POS technology. Today’s Dictates are collected by C
Read more

5 important benefits of accounting software

Image
Increased Productivity Digital accounting software solutions speed up your business processes and give you more time to focus on important tasks. They also keep your books up to date with minimal hassle, and de-clutter your office space by eliminating the need for reams of paperwork. Reduced Monthly Expenses When running a small business, time and money are your most precious commodities. Using accounting software programs, you can save on both. Instead of outsourcing an expensive professional, computer software enables you to do it all yourself. What’s more, top-quality developers provide fully functional products free from annual license fees that even include training, support and self-help services. In addition, you save on printing and paper costs, and won’t have to wait for external experts to arrive and finish a job. You can take complete control over your finances. Improved Accuracy Humans make mistakes. It’s an unavoidable fact of life. Sadly though,
Read more

Payroll Accounting Software Used In Multiple Business, How Its Works?

Image
By now you already know that using a cloud-based accounting software is a true blessing when it comes to managing your business. Quick and easy invoicing, estimating and expense management, clever projecting, countless add-ons, fully automated reporting are just some of the things an online accounting solution can do – for one business. But what if you own multiple entities and you want to manage all of them from the same account? This is where things get a bit complicated but, thankfully, not unsolvable. You just have to learn the dos and don’ts of managing multiple businesses from the same account if your accounting software provides this option. But, as some of the following cases will show, you don’t have to panic if you are obliged to use multiple accounts, since these clever programs can still connect your businesses via their integrations. Having multiple businesses under the same accounting software  is anything but impossible thanks to cloud-based accounting soluti
Read more