MYOB is one of Australia’s most popular accounting solutions for the SME sector.

It particularly suits those small business owners who are uncomfortable with the idea of cloud-based accounting products, where your financial records are kept on an internet server, rather than the computer on your desk.

That said, you can still take the decision to access MYOB in the cloud, where up to 5 people can access the data file at any one time. All must have it installed on their laptop or desktop.

One benefit of MYOB is that if your internet connection is slow, you can take your data file offline and work locally. If you have chosen to put your file in the cloud, you can provide your accountant and your bookkeeper with cloud access to it, thus eradicating the need to email the data file or put it on a USB stick.

MYOB also offers a basic cloud only solution called MYOB Essentials.