New Year, new financial reporting software! The program of choice was MYOB AccountRight Standard.
This software has a lot of the features the committee will be able to use and have more meaningful financial reports than ever before.
The program will allowed the creation of digital receipts for payments and has an inventory manager for all of the club merchandise.
The job profit and loss feature will allowed us to keep track of income and expenses of specific events. Most importantly it will allows us to generate reports for any period we require (monthly, year to date or any other period that we require) instantly, this not being available to us in the past.
Overall once the set up of accounts was completed the MYOB Account Right software was a breeze to use and is very institutive, it even does some of the bookkeeping automatically. The program allows us to recall club supplier details and keeps track of previous prices paid.
To sum up MYOB AccountRight is a very power software program that seems to have almost every function an organisation could require to run, it goes beyond the debits and credits of a basic accounting software package and has the potential be used solely as an organisations database holding for client and supplier details, monitoring performance of the business generally and allows you to drill down and report on jobs, days, weeks, months and years. It is recommended by the wrx club if you are looking to upgrade your current accounting software.