MYOB Acumatica (the new name for MYOB Advanced as of July 2024)

 You are using MYOB Acumatica (the new name for MYOB Advanced as of July 2024) if your login screen and software dashboard feature enterprise-level enterprise resource planning (ERP) modules rather than basic small business accounting. [1, 2, 3]

Is MYOB Cloud the same as MYOB Advanced?

No, standard "MYOB Cloud" (such as MYOB Business or AccountRight) is a simpler bookkeeping tool meant for small businesses. MYOB Advanced (Acumatica) is a powerful, enterprise-grade cloud system built to handle complex operations like large supply chains, multi-warehouse inventory, and job costing. [1, 2, 3, 4, 5]

How to Tell What You Are Using

Check the Logo and Name: Look at the top corner of your software screen or login page. It will explicitly display MYOB Acumatica (or MYOB Advanced if your system hasn't updated its visual branding yet). [1, 2, 3]
Examine the Web Address: MYOB Advanced/Acumatica runs on a unique, dedicated company URL (tenant web address) assigned specifically to your organization, rather than the standard public login portal used for basic MYOB small business products. [1, 2]
Look at the Features: If your menu includes advanced tools like deep manufacturing tracking, complex project accounting, wholesale distribution logistics, and enterprise dashboards, you are on the Advanced/Acumatica platform. [1, 2]
Acumatica is a comprehensive, cloud-based enterprise resource planning (ERP) and business management software designed for small and mid-sized businesses. It connects financials, inventory, CRM, manufacturing, distribution, and project accounting into a single platform accessible from any web-connected device. In the Australia and New Zealand region, its core architecture is also utilized and localized through MYOB Acumatica. [1, 2, 3, 4, 5, 6]
Core Features and Capabilities
Financial Management: Manages general ledgers, accounts payable, accounts receivable, cash management, and taxes.
Operational Modules: Supports supply chain, inventory, warehouse operations, order management, and service automation.
Industry Editions: Tailored packages for specific sectors including construction, manufacturing, retail, and professional services.
CRM and Collaboration: Offers embedded customer relationship management, native document handling, and workflow automation.
Distinctive Characteristics
Cloud-Native Architecture: Built on modern web standards (.NET framework, HTML5) with open APIs for smooth integration with third-party applications. [1, 2, 3, 4]
Consumption-Based Licensing: Unlike traditional ERPs that charge per user, Acumatica often scales pricing based on overall resource usage and transaction volume rather than restricting the number of employee logins. [1, 2]
Adaptability: Features low-code/no-code customization tools so companies can alter workflows and dashboards without heavy programming. [1, 2]






https://www.youtube.com/watch?v=9_Lwhv2k5o8

2.0-2.5 full time accounting and finance personnel

With 2,446 supplier invoices per year (about 204 per month), 60 customer invoices per month, 25 employees, and a procurement team raising most purchase orders, your finance workload is moderate rather than high.

A reasonable staffing model would be:

Function	Estimated FTE
Financial Controller / Finance Manager	1.0
Accounts Officer (AP, AR, bank reconciliations, supplier invoices, customer receipts)	1.0
Additional support (payroll, month-end, leave cover, admin)	0–0.5

Total recommended: 2.0–2.5 FTE

Why this is sufficient

The transaction volumes are manageable:

• Supplier invoices: ~204/month (about 10 per working day).
• Customer invoices: ~60/month (about 3 per working day).
• Employees: 25, so payroll is not especially large.
• Procurement raises purchase orders, reducing the workload in finance because accounts is primarily matching invoices to approved POs rather than initiating purchases.

The more time-consuming tasks for finance are likely to be:

• Three-way matching (PO, goods receipt, invoice).
• Payment runs.
• Customer collections.
• Month-end reconciliations.
• Project cost reporting.
• BAS, superannuation, payroll tax, and year-end compliance.

Benchmark

For an Australian project-based business of this size:

• 1 person would likely be stretched, particularly around month-end and staff leave.
• 2 people is a common lean structure.
• 2.5–3 people is appropriate if management expects detailed project reporting, cash-flow forecasting, and financial analysis in addition to routine processing.

Based on the information you've provided, having more than 3 full-time finance staff would generally be difficult to justify on transaction volume alone, unless there are additional responsibilities such as inventory management, extensive manual data entry, multiple legal entities, overseas operations, or unusually complex reporting requirements.

If you're assessing whether your current accounts department is appropriately staffed, a team of 2 to 2.5 FTE would be a typical benchmark for a business with these characteristics.

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A medium-sized audio-visual integration company with a $17 million annual turnover typically needs 3 to 4 accounting and finance personnel. This team size balances transaction processing, project-based billing demands, and financial oversight. [1, 2]

Recommended Team Structure

1 Financial Controller / Finance Manager: Oversees the department, handles month-end closes, cash flow forecasting, financial reporting, and job-costing analysis. [1, 2]
1 Full-Charge Bookkeeper or Senior Accountant: Manages general ledger entries, bank reconciliations, payroll processing, and tax compliance preparations. [1]
1 to 2 Accounts Receivable / Accounts Payable Clerks: Handles day-to-day invoicing, vendor bills, collections, and processing multi-stage AV project milestone billings.

Industry Factors Impacting Staffing

Project Accounting Complexity: AV integration relies heavily on milestone billing, long-term contracts, and equipment inventory tracking, which can increase transaction volume and push staffing closer to 4 people. [1]
Automation Level: Using cloud tools (like Xero, QuickBooks, or specialized ERP systems) for automated invoicing and expense tracking can keep the team lean at 3 people. [1]
Outsourcing Support: Many companies at this revenue level keep 2 or 3 core internal staff and outsource high-level tax filing or annual reviews to an external CPA firm

 Benchmark

For a business like yours, I'd expect:

2–3 finance staff if processes are efficient and management is comfortable with a lean team.

3–4 finance staff if the finance team is also handling procurement, contract administration, project administration, or extensive reporting.

At AUD 17 million turnover with 25 employees, a finance department of 3 full-time people is generally a reasonable benchmark. If you currently have substantially more than that, it may be worth reviewing whether tasks could be streamlined or automated. Conversely, if you have only one or two finance staff and they're regularly struggling to keep up with month-end reporting, collections, or project costing, adding capacity could be justified.

John Howard

 The name John Howard most commonly refers to John Howard, who is famous for serving as the 25th Prime Minister of Australia from 1996 to 2007. He is Australia's second-longest-serving prime minister (after Robert Menzies) and was a dominant figure in Australian politics for over a decade.

He is best known for:

Economic reforms: His government oversaw a long period of economic growth, reduced government debt, and introduced the Goods and Services Tax (GST) in 2000.

Gun law reforms: Following the 1996 Port Arthur massacre, his government introduced strict national gun control measures, including a large firearm buyback program.

Foreign policy: Howard strongly supported the United States, including Australia's participation in the wars in Afghanistan and Iraq after the September 11 attacks.

Immigration policies: His government adopted tougher border protection policies, including offshore processing of asylum seekers, which remain influential and debated today.

Industrial relations: His government introduced the controversial WorkChoices workplace reforms, which became a major political issue.

Why he's controversial

Howard is also a polarizing figure. Supporters credit him with:

Strong economic management.

Stable leadership during a period of prosperity.

Decisive responses to issues such as gun violence.

Critics argue that:

His policies on asylum seekers were overly harsh.

Australia's involvement in the Iraq War was a mistake.

WorkChoices weakened workers' rights.

His approach to reconciliation with Indigenous Australians was insufficient.

In the 2007 federal election, Howard's government was defeated by Kevin Rudd, and Howard also lost his own parliamentary seat—an uncommon outcome for a sitting Australian prime minister.