There are many uses for MYOB Advanced and one of them is for payroll, it makes the process as a whole so much easier for those who deal with payroll. It doesn’t matter how small or big your business is, MYOB Advanced is an awesome tool to assist with streamlining the payroll process.

MYOB Advanced is an accounting solution that is cloud-based and it is here to help specifically when managing business finances as well as any inventory. It can help in a wide range of industries like retail, trade services, financial services, manufacturing, and construction, just to name a few.

The solution is all about finding a cost-effective way to go about things, and it could save you a lot of time and money in the long run. There are so many different features that are incorporated within the MYOB Advanced solution, meaning you can get assistance in more ways then you might have expected.

When it comes specifically to MYOB Advanced, there is even a portal for clients to access so they have the ability to continue to streamline and automate many business processes you feel are necessary. With MYOB Advanced you are not only thinking about your business today, but you are helping to give it a leg up for tomorrow!

There are so many ways this solution can help out, but the one in particular that is quite interesting is how it can assist for your business payroll process. At the end of the day if you have employees, they will need to get paid.

This process can already be complicated, but if you add in factors like the sheer volume of employees as well as things like superannuation, HECS debt, taxes, bonuses and even international employees, it can get even more difficult to ensure you are doing the right thing and people are getting the correct amount of pay.

This is where MYOB Advanced can help! So, have a read on below at some of the ways this solution has the ability to help, specifically when dealing with payroll:

Scalability

Workers in a warehouse doing an inventory

This is one of the best advantages of MYOB Advanced in general, but also when looking at just payroll. While you may just be a small business now, with only a handful of employees, what happens if you grow?

You’ll have so many things on your plate, but the one thing you won’t have to worry about is that your employees are getting paid the correct amount, that is if you have MYOB Advanced!

Compliance

You do not what to pay your employees the wrong amount, if you pay them too much (i.e. you don’t take the correct amount of tax out of their wages) or you don’t pay them enough, it is a major problem. There have been many businesses in the news recently where they have unknowingly not paid their staff enough, and it really creates a PR nightmare.

So, MYOB Advanced is great because you know everything is organised and everyone is getting the correct amount of income each and every time they get paid. As well as this, the taxes change all the time, even if your employee doesn’t move up into a new tax bracket, so MYOB Advanced will help you keep on top of this.

Flexibility

We need more flexibility now than ever, and this is something that MYOB Advanced can provide. You are able to access the MYOB payroll management from anywhere you are, whether you are in the actual office, working from home, or even on holidays. Remote access is certainly an essential option these days.