There are many people who believe this or that accounting software is good for their business but because of limited information can’t zero down the right one. MYOB and SAASU are very popular among accounting software. We are providing detailed FEATURE COMPARISON MYOB VS SAASU in this blog post. Please read –
When we talk about choosing the most suitable accounting software for our business, we often go for cheap options. However, this kind of software that doesn’t have very much technicalities or has a simple interface. The ignorance of these simple requirements may lead to heavy consequences. Therefore, you must first check the requirements of your business before going for online accounting software.
The foremost aspect that needs attention in choosing accounting software is the ‘size of the business’. If your business is big, then you need software that provides a wide range of services under one roof. And if your business lies under the category of ‘medium and small enterprises’, then you must go for options that fulfil your business needs.
For ‘Medium and Small Enterprises’, the software market is not very wide. Yet, two names that you need to remember are:
Let’s dig a little deeper about these two.
‘Mind Your Own Business’, popularly known as MYOB in the industry, is one of the most suitable online accounting software. It provides its business services, especially to MSMEs.
MYOB is a cloud-enabled version that serves your business in accounting & bookkeeping, payroll management, customer relationship management (CRM), invoices and billings, etc.
Saasu, specifically designed for small enterprises, is a management solution for your business financials. It is an online solution that helps you manage your sales and purchasing, payroll and taxes, invoices and billings and also all your online payments.
However, for which one is the better, the game gets tough. We have a dedicated comparison that will help you inspect which software your business prefers best and opt for it.
|MYOB sends online invoices via emails and tracks and updates when and by whom they are opened or accessed. It also helps you design customised invoices. You can add your logo or a special quote or design a template to make it look unique.||Saasu helps you automatically send and generate invoices both for business and the customers. It also maintains a separate list for unpaid bills. It helps you create self customised invoices that can be your company’s recognition.|
|MYOB maintains high compatibility with the banks and automatically records the transactions and payments made directly through the bank in the books of account. It lets the customer pay directly through invoices with the help of a visa, Mastercard or Bpay.||Saasu records and reconciles the bank feeds and processes a large volume of banking data. It also keeps the invoices linked to their respective transactions.|
|Dashboard||It prepares dashboards the help you view your performance over the years. These reports about your sales or pricing policies will help you grab suitable opportunities.||It prepares dashboards that let you examine your sales and payments.|
|MYOB brings you a clear view of your cash-flow through various reports prepared that lets you dig deeper into your finances. It keeps detailed records of all the expenses and income incurred through your customers and suppliers.||Saasu offers you a facility of cash-flow Forecaster. It will help you track the ins and out of the cash and outline the pattern that helps you with your transactions and set their due dates.|
|Record all the details like orders, contact dates, money owed or due dates under 40+ categories that make the search for any data super smooth.||Record all the details and ways of contact regarding the customers and send them their invoices and order tracking details accordingly. It also saves the attachments and documents that serve the details about the customers.|
|MYOB automatically updates and calculates the tax annually according to the tax structure of the respective company.||Automatically calculates and updates the tax annually with no additional cost involved. Lets you process the payment in few easy steps that can be set as default for future payments too.|
|Keep all detailed accounts of the inventory, from what you sell and what is left and what you need to buy. Compare the cost and selling prices from different vendors, maximizing the margin of profitability.||Tracks all the purchases and supply occurred in the warehouse. Alerts when the inventory goes out of stock. Also keeps the details about the products available like expiry date, so that replacements can be made.|