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MYOB – M-Powered Services – What are they and should I consider it?

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MYOB – M-Powered Services – What are they and should I consider it?

MYOB – M-Powered Services – What are they and should I consider it?

A client asked one of our bookkeepers about M-Powered services… “I think he would just like to know about it to decide if it’s beneficial for him or not… No real urgency and might amount to nothing… He said he paid or is paying MYOB and wants to know if he should ‘get his money worth’ and use the service…”

M-Powered needs to be set up directly with the service – it is great for many businesses.

You can get M-Powered for –

Invoices – Gives your clients BPay, A Post, and Credit Card options to pay you, and when you are paid, you get a summary for that day and it loads and applies the payments automatically for you.

Expenses – If you want to pay say a dozen bills at a time each week – not really worth it otherwise for less than that number.

Super – Handy when you have say 5-6 or more employees – costs about $2 per quarter for each employee – best if you have several funds to pay and 5 or more employees, otherwise most super funds can be paid by BPay or online transfer.

All M-Powered costs $10 month or FREE if you are on COVER with MYOB (so that you automatically get the annual software updates and compliance versions).

Usually only worth using if you have volume of expenses and several super funds.

But worth just getting the invoicing – you have to go through an application interview for approval – you call MYOB.

Consider extra features that can be used within MYOB for nominal fees, that can save a lot of time in processing and assist you to look more professional and encourage clients to pay sooner!

M-Powered Invoices

A service that makes it easier for customers to pay you by offering additional options: BPay, credit card online and PostBillPay on your own invoices.

  • Produce more professional looking invoices
  • Faster access to your cash? Access to it the next day
  • Less data entry, less time on admin
  • Offer more customer-friendly ways to pay

To find out more, see a video, get a Fact Sheet, FAQ, request a call, see the website M-Powered Invoices – website

M-Powered Payments

Smart and secure service to pay your bills without writing cheques or entering details into banking software or websites.

  • Take care of all your bills in seconds
  • Remittance advices sent to suppliers automatically
  • Less data entry, less time on admin

To find out more, see a video, get a Fact Sheet, FAQ, request a call, see the website: M-Powered Payments – website

M-Powered Superannuation

Super processing service that allows you to complete an entire super run online from inside your software.

  • Make paying super easy
  • Pay any industry and retail superannuation fund (but not SMSFs)
  • Less data entry, less time on admin

To find out more, see a video, get a Fact Sheet, FAQ, request a call, see the website: M-Powered Superannuation – website

How Do I Buy? –

Ready to Mind Your Own Business with M-Powered Services?

There are two easy ways to apply: Online – click to the MYOB website:

http://myob.com.au/products/small-business/extend-your-product/m-powered-invoices-1258090870851?productArea=WhereToBuy

or phone 1300 555 931

There will be a phone interview to complete, and start the process. M-Powered fill out the Application and email it to you for signing. Have your serial number ready!

Need help? Not sure? Call for FREE 30min advice / strategy session today!

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Author: accountkeepingplus

Administration, bookkeeping and compliance for small business, Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, free support MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

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