Development and Implementation of Small Business

Question: Discuss about the Development and Implementation of Small Business. Answer: Introduction According to Curtis (2015), development and implementation of small business software is general among different organizations whether it is small-scale enterprise or large-scale enterprise. The accounting software of small business are highly reasonable, therefore the software is used by both small and large enterprises. It was argued by Boulianne (2014), that development and implementation of software creates many challenges for the small organizations. The challenges that small companies faces are shortage of external direction and due to insufficient capabilities in accounting. Accounting software MYOB is selected in the literature review for unearthing certain facts about the accounting softwares that are used in Australia. The accounting software MYOB is usually used in small enterprises of Australia. The literature review covers history, growth and adoption, gaps and few competitive advantages of MYOB. This assignment also provides specific recommendation in order to solve the problems that are faced by the employees while handling the software. History of accounting software According to Lim (2013), Christopher Lee developed MYOB in 1980. It was implemented when the researchers of accounting software examine the opportunities of accounting profession. Certified Accountant of Australia was born for completing the vision. New software was launched in 2008 for online listing and for giving online services to clients. The outline of work in Australian organization changed (QuickBooks Premiere, 2013). They transformed their pattern of paper-based accounting to cloud based systems of accounting. Adoption and development Of Accounting Software According to Boulianne (2014), millions of dollars are invested in the research and expansion of MYOB. This is due to the reason that MYOB is the most renowned cloud computing for SME. It is expanding its market for cloud contributions as it is assisting them for assembling with the help of SME. MYOB develops a number of innovative solutions such as MYOB pay Direct, which became the first means for payments through credit card using smart phones. MYOB assists in launching the initial cloud ERP solutions for the development of SME (QuickBooks Premiere, 2013). The ERP results can be designed or can be used in both miniature and large organizations, which is one of the best and important advantages of ERP solutions. ERP solutions are browser interface and therefore it helps in providing various types of purposes to the customers and to the workers of the projects (myob.com, 2015).The implementation and development of ERP solutions offers advantage to those enterprises that uses MYOB accounting software. It also helps the enterprises by providing them with high speed so that employees are capable of accurately handle their financial solutions. MYOB is leading in the market of Australia due to some of its unique features. The new channel ABC (2015), gives certain information that clarifies the fact that 4mation technologies utilizes accounting software of MYOB. They fixed their website and the web support software of the clients with the help of MYOB in order to make sure that the flow of the data in instant (Lipi et al., 2015). The MYOB is used for incorporating the intranet employees of the enterprises and as back office software to update certain import details such as timesheets, daily report, login report, attendance sheet and payroll. The ecommerce website and the orders of booking systems are introduced into MYOB. The MYOB is used primarily for executing a system of automatic payment. Current market Size of Accounting Software It was stated by Myob.com.au (2013), that huge amount of money was invested in the research and development of MYOB. The development and research practices mainly happened in 2013. The accounting software invested 293 million dollar for its development. Five million dollar was invested by MYOB to assimilate the products of BankLink with the offices of accountant and enterprises (Boulianne, 2014). Market share for MYOB, which is one of the renowned packages of Australia, is 60% to 70% collected from the public accountants. The share of the MYOB increases to 833.3 million dollar that is offered by the enterprises (Lim, 2013) The share of the public accountant is collected with the help of sales and revenue. The most significant investment is in the field of accounting softwares research and expansion. This is because that MYOB helps in motivating and innovating leadership. MYOB is the excellent ASX technologies of the year 2015 (By et al., 2016). The organization took some of the steps in the management of Brain Capital, as explained by the chief executive of the organization. The business organization uses cloud accounting in 2014, for maintaining 116,000 subscribers. Identification of Leaders in the Market of Australia MYOB is the first provider of accounting software. According to Myob.com.au (2014), MYOB is the largest provider of online production management. It becomes the leading providers in Australia as it provides ERP and human supply management software to more than 7000 clients. MYOB helps different organizations or business by giving them with the online production management solutions. It was argued by Lim (2013), packages of accounting software are trusted network for the authorized network and for the third party developers. It the best challenger and a manager in the market of Australia .The employees and workers of the organizations get help by using the software because MYOB grants training to the new users. Competitive advantage of Accounting Software MYOB have some unique features as compare to its competitors like Xero and as a result, it faces many competitive advantages in Australia. MYOB provides greater speed of input, which is the distinctive quality of MYOB. It is stated by Myob.com.au (2015), software needs different entities of identical information as it is automated by the accounting system. This is due to the reason that MYOB, helps in diminishing time-consuming practices and co-ordinating data better than Xero. Time-consuming practices are reduced by automating the process of payroll and credit notes. The accounting software facilitates reduction of both the financial and operational expenditure that is the best competitive compensation of MYOB (QuickBooks Premiere, 2013). It reduces the hard work of the human beings and provides greater accuracy. It also provides several better qualities and features than Xero MYOB also helps in providing effective administration system. When Xero uses accounting software then it helps in removing the backup, update and price of maintenance. As a result, MYOB is preferred mostly in Australia over other accounting software Identification of current gaps and challenges It is stated by Myob.com.au (2013), that the accounting system not only provides best security level but they also provide employers friendly architecture. This is because the most important step is the safety of the online scheme, which is always vulnerable to hackers who always hack important personal records and information. The software solution that is offered by the accounting software system is not novice friendly therefore; the majority of the organizations cannot afford MYOBs security system. As a result, most of the enterprises are not taking help from the cloud automation. The workers of the enterprises must be skilled in such a way that they do not face problem while handling the software and avoid using manual processes. The enterprises are avoiding cloud automation process because it is complex for them to provide proper training to the employees. The company of accounting software also supplies import webinars to those clients who require them. An unexpected backlash occurred in 2012, when bug-ridden improve is released (QuickBooks Premiere, 2013). The backlash of 2012 places the future of accounting software in danger. The partners of MYOB is suggested not to utilize it as it becomes slow. Recommendation For making the use of MYOB better, some of the suggestions are provided which includes: New versions of MYOB must include important and new features in order to develop the model of the software so that international users also get benefit by using it. Proper training must be provided to the new users as they can handle the software properly. It also helps them in acquiring information about their duties and payroll systems. The MYOB must in both the fields of design and security The authentication procedure used by accounting packages must be secure in order to keep the data and information under proper security. It is necessary to change the online services of MYOB for making it useful for SME. Conclusion It is concluded that MYOB has certain unique features, which makes it popular in Australia. The accounting software is leading the Australian as well as ERP market. It reduces the efforts of the human beings, provides greater accuracy, and helps in providing effective management system. It is analyzed that when accounting software is used by any organizations then it helps in eliminating the backup, update and cost of maintenance. The most significant features of MYOB is that it assists in saving both the operational and financial expenditure. References ABC News, (2015).MYOB shares rise on market debut. [online] ABC News. Available at: https://www.abc.net.au/news/2015-05-04/myob-shares-rise-on-market-debut/6442986 [Accessed 12 Aug. 2016]. Boulianne, E. (2014). Impact of accounting software utilization on students' knowledge acquisition: An important change in accounting education.Journal of Accounting Organizational Change,10(1), 22-48. By, S., Habib, A., By, P. and Anik, I.M., 2016. A Report on: Responsibility Accounting A Case Study on Newspaper Industry: The Daily Star. Curtis, V. (2015).MYOB Software for Dummies-Australia. John Wiley Sons. Lim, F. P. C. (2013). Impact of Information Technology on Accounting Systems.Asia-PasificJornal of Multimedia Services Convergent with Art, Humanities and Socialgy,3(2), 93-106. Lipi, I., Rama, R., Agaraj, X. (2015). 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