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Momentum Software Blog

Click on the pdf button below to access our 2014 Training Schedules for Sunshine Coast, Brisbane and Mackay.

EXO Training is ideal if you have new employees or you or your employees need a refresher.

Please note the following:

Click the link below to see a webinar presented by CFO-on-Call, MYOB and Momentum Software Solutions on why guesstimates and spreadsheets won't see you through sustainable business growth. And see how EXO assisted Brisbane Sound Group

http://youtu.be/1KmdnjIsEno

 

We talk to many businesses that have not experienced CRM software before.  CRM is one of those acronyms that can mean many things.  Sometimes customers tell us “we don’t have a marketing department so we wouldn’t use it.”

I’d suggest that if any of the following apply to your business then CRM would help:-

Many employers spend hours every month or quarter distributing super to the various funds used by their employees.

In the future the ATO will be introducing compulsory electronic payment of super contributions which will make the whole process easier for all.

MYOB EXO Update for IT Consultants

This is to help keep our IT community informed about MYOB EXO Business, currently supported environments and upcoming releases.

Where can I get Technical Information about MYOB EXO Software?

Momentum regularly publishes updates for IT Consultants and other advisors on our Knowledge Base.  This can be accessed at www.momentumsoftwaresolutions.com.au/support/external-advisors

Useful information includes:-

Accountants have great opportunities to add value for their clients that use MYOB EXO Business.  Here’s a few ways how:-

Cost Centre Accounting – many businesses using EXO have multiple divisions or outlets.  EXO handles this easily using Branches.  Unlimited Branches can be created without altering the chart of accounts.  Reports (e.g. P&L, Budget Comparison) can be run for any Branch or Branches.

Implementing important changes is never easy.  It usually requires some or all of the following:-

  • Planning
  • Documentation
  • Training
  • Delegation
  • Re-Training
  • Measurement
  • Accountability

 Take the example of inducting a new range of products into your business.  Sounds simple.  You just set up the new codes in the system and start buying and selling.  I’ve seen this happen in a national company with poor results due to lack of a process.

 Here are just a few items of importance in inducting new products:-

How was the 1st Month of the Financial Year?

July is a good test of how realistic your 2014 budget is. Do you have your July numbers yet? A first cut P&L and comparison to budget can be done by the 3rd working day.

Many businesses have disparate data throughout.  Some common examples are:-

1) Customer data – in your accounts system, and reps all have their own contact lists

2) Stock data – in your inventory system, estimating package, ms excel

3) Price Lists – in your accounting / inventory system, excel / word price lists, web site

 Why is this bad?  In 3 words – Errors and Inefficiency

Here’s a scenario that’s pretty common:-

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