June 23, 2010 in Financial (E)
[prMac.com] Auckland, New Zealand - The maker of MoneyWorks, Cognito Software, has released a free utility that solves the problem MYOB users experience when they want to change their accounting software, then struggle to extract the necessary financial data.
It's common for organisations to have outgrown their accounting package, but have concerns about the difficulty of moving to a new solution and the accuracy of the data that is transferred. This can form an impasse that traps users in an uncomfortable situation, where they're restricted by a system that no longer meets their needs and provides inadequate management information.
For MYOB users, exporting complete data is very difficult. For example, when they try to export their products/items list no stock on-hand information is included. This migration barrier lead Cognito Software to offer an innovative solution. Due to requests from MYOB users who were eager to move to MoneyWorks, it invested in the development of a dedicated file conversion utility.
Previously, the only way to for MYOB users to change systems was by running reports and manually re-entering the information. Cognito has solved this problem. The file converter will effortlessly extract data from MYOB or Account Edge and import it into MoneyWorks. The program is provided free and automatically creates a ready-to-go MoneyWorks file with just a few clicks of a mouse. From there users can reassure themselves that their new data is accurate, simply by running a Balance Sheet from both applications and comparing the totals.
MoneyWorks is a powerful, flexible family of products designed to meet the accounting and business management needs of small-medium organisations. The products were designed on a Mac, for the Mac, but are also cross-platform - accommodating mixed Mac/PC networks and accountants who use Windows. To learn more about MoneyWorks and the MYOB file converter, please visit Cognito Software online.
For Australian Media Only
Why the new Financial Year is the easiest time to switch. July is the start of the new financial year for most Australian organisations, which means the easiest time to change their accounting software is within the next couple of months. This is because the accurate information established by end of year procedures (such as stock takes) can be used and there is generally less work involved. A point worth bearing in mind for organisations thinking of upgrading their accounting system.
Cognito Software is a New Zealand based manufacturer of quality business software. MoneyWorks is a mature, robust family of products, first published in 1992 and constantly improved and refined since. It has many thousands of satisfied users in over 35 countries.