MYOB BusinessBasics

MYOB BusinessBasics is aimed at the self employed or very small businesses for the crucial task of keeping accurate and clear accounts.

One important aspect is the collection of company account templates. Good accounting practice requires businesses to report all costs associated with the business, not just bank balances. The templates encourage users new to accounting for a group to work properly and learn to run a tight financial ship.

BusinessBasics can import statements from certain banks, which is the easiest way of entering transactions. Regular expenses can be added to templates to avoid retyping.

All the standard reports can be printed, including profit and loss, and balance sheet views. Invoices are created automatically and you can specify the invoice type and any special text to be included.

Although powerful and professional, BusinessBasics requires a fair degree of accounting knowledge. Home users who do not need this level of complexity would be better off with Microsoft Money.