1st April, 2025
MYOB’s powerful software can be a game-changer for tradies and is one of the best solutions to put in place to help you sort out your financials.
Accounting software can assist in a wide variety of ways.
It helps you to quote for and keep track of your jobs, ensure your numbers are correct, and always have a clear overview of your business at your fingertips.
You won’t have to juggle multiple spreadsheets anymore or worry about losing vital info because you’re drowning in a sea of paper.
You’ll remove a stack of manual tasks and boost automation so you can get back a lot of the time you once spent on admin tasks.
Plus, you’ll likely end up saving money each year because your paperwork will be accurate, and your accountant or bookkeeper’s work will be quicker and therefore less costly for you.
Accounting software has a big impact on the long-term prospects of your business, too, because it helps you keep a close eye on your cash flow and ensures you always stay profitable and can pay your bills.
Plus, it’s a great time to sign up for MYOB with a special offer currently available for hipages customers: Get 11 months of MYOB free when you pay for one month.*
Still need some more enticement to use MYOB’s accounting software? Here’s the lowdown on some of the ways it can help.
One of the biggest benefits of accounting software is that it makes it easy to streamline your quoting process, so you enjoy less stress and hassle.
With this kind of system, you can create professional quotes quickly and easily.
This allows you to respond faster to enquiries and appear more professional when you’re pitching work.
Since you can respond to queries sooner, you’re also more likely to win more jobs because you get back to people so quickly.
MYOB allows you to customise your quotes with itemised pricing, taxes, and customer details, too, therefore giving your customers clarity and confidence in what they’re being charged.
You can also convert your quotes to invoices with just a few clicks when the time comes, which means less double-handling and more time saving when jobs get approved.
One of the biggest headaches for most tradies is invoicing. It’s time-consuming and often gets pushed to the bottom of the to-do list, which can end up leading to cash flow issues.
With MYOB’s software, you can create and send invoices with merely a few clicks, especially when you already have quotes in the system.
Speed is money, and with MYOB’s digital invoicing solutions, getting your bills to your clients takes only a matter of minutes.
You’re therefore more likely to get paid faster, which boosts your cash flow.
Better yet, with the smooth integration between hipages tradiecore and MYOB, managing your work and accounting just got much easier.
Thanks to this integration, you can automatically sync your tradiecore invoices with MYOB for more streamlined invoicing and better accounting accuracy.
You don’t have to worry about manually handling invoices or entering customer and invoice data manually into MYOB.
Instead, the whole process is set up to be completely automated. You won’t even have to think twice about it!
Plus, there’s more workflow simplicity – think no more switching between invoicing, job management, and accounting apps because the two systems are set up to talk seamlessly to each other.
Perhaps the most valuable aspect of accounting software for many tradies is the financial insights it provides.
Smart systems let you generate clear, easy-to-understand reports that give you visibility into your cash flow trends and help you make better financial decisions.
With MYOB you can see data at a glance, such as the total money earned over a select period, business expenses like rent, materials, or subscriptions, and an overview of your financial position, with a breakdown of income, expenses, and net profit.
Plus, the platform allows you to quickly see invoices that are past their due date and need following up, and the total superannuation contributions payable for your employees.
There’s also reporting about how much GST you owe or are owed, and the amount of PAYG withholding tax kept from employee wages that must be paid to the ATO.
All this information is crucial for making informed business decisions and identifying areas for improvement.
You’ll see where you need to prioritise profitability and understand if you have the cash flow available to jump on new opportunities as they arise.
Better data equals better decisions, every time.
Over time, you’ll also build up a wealth of data about your business and the jobs you’ve completed.
This information can help you make strategic decisions about which types of jobs to prioritise, how to price your services, and where to invest in your business in the future.
After all, your focus should be not just on getting through the next busy season but also setting your business up for long-term success.
Another top benefit of getting your financials sorted out with software is that you’ll be well-prepared for tax time when it rolls around again.
With all your income and expenses accurately recorded in your accounting software, preparing your tax return will be much simpler.
Scrambling through receipts or trying to remember different transactions from months past will become a thing of the past!
You’ll have all the information you need at your fingertips, potentially saving you money on accountancy fees, since clean records mean less time needed to fix problems.
It’s easier to track all your claimable expenses, and you’ll enjoy better overall visibility of your business financials.
The info will be accurate and up to date, too, making tax time preparation smoother.
GST is tracked automatically, and BAS reports can be generated in just a few clicks, which eliminates the need for manual calculations or spreadsheets.
In turn, there’s less worry about missing deductions or making errors on your tax and BAS submissions.
Plus, with all your data in one place, it’s easier than ever to collaborate with your advisors.
They can focus more on uncovering insights and coming up with strategies, rather than so much admin work.
This approach leads to better planning, fewer surprises, and a more confident tax and BAS lodgement process.
On top of the benefits mentioned above, MYOB’s software can also make your tradie life easier by offering features such as effortless expense tracking (you can even snap receipts on the go), put payroll admin on autopilot, and make employee onboarding simple.
By using MYOB, you’ll always be well-prepared for tax time, your busiest work seasons, and when the holidays come around.
Instead of stressing about getting everything done during these periods, you’ll be able to rest easy knowing your financials are sorted.
Ready to get organised? Now is a great time to take advantage of a special MYOB offer exclusive to hipages’ customers.
Pay for 1 month of MYOB and you’ll get a whopping 11 months free.*
Once you’re familiar with MYOB and set up the hipages tradiecore integration, you’ll wonder how you ever managed without these solutions!
Your future self will thank you, too, when you’re enjoying more work-life balance.
Information provided in this article is of a general nature and does not consider your personal situation. It does not constitute legal, financial, or other professional advice and should not be relied upon as a statement of law, policy or advice. You should consider whether this information is appropriate to your needs and, if necessary, seek independent advice. This information is only accurate at the time of publication. Although every effort has been made to verify the accuracy of the information contained on this webpage, MYOB disclaims, to the extent permitted by law, all liability for the information contained on this webpage or any loss or damage suffered by any person directly or indirectly through relying on this information.
*Pay for 1 month, get a bonus 11 months free for base subscriptions of MYOB Business Lite, MYOB Business Pro or MYOB Business Payroll Only. Offer available for new and returning MYOB customers in Australia who have not had an active MYOB subscription for at least 3 months. Additional fees or charges apply for the use of Premium Features, including Payroll, Online Invoice Payments and Premium Inventory. Offer ends 3 February 2026, unless varied. Not available in conjunction with MYOB’s 30-day free trial or other offers. Further exclusions apply. See full T&Cs.