Outsource MYOB Accounting Services
What Are Outsourced MYOB Accounting Services?
Every quarter, Australian and New Zealand businesses face the same pressure: BAS due, STP submissions overdue, and bank reconciliation weeks behind. When your accountant is juggling compliance and admin, errors creep in and ATO penalties follow. There is a better way to run your MYOB accounting.
MYOB is the standard for Australian and New Zealand compliance - BAS lodgement, Single Touch Payroll, and ATO integration are all built in. But keeping those processes accurate and on time month after month requires dedicated accounting expertise, not just software access.
Cred Books takes full ownership of your MYOB account, managing BAS, STP payroll, bank reconciliation, and financial reporting so your business stays compliant without you carrying the compliance burden. Our Outsourced Accounting Services are designed specifically for AU/NZ business needs.
What is MYOB Accounting Software?
MYOB (Mind Your Own Business) is the leading cloud accounting platform for small and medium-sized businesses in Australia and New Zealand. It provides real-time financial visibility with built-in ATO compliance tools for BAS, GST, and Single Touch Payroll (STP).
Key features of MYOB include:
- Automated bank feeds and bank reconciliation
- BAS preparation and ATO lodgement
- Single Touch Payroll (STP) compliance
- Invoicing and quote creation
- Inventory tracking and purchase orders
- Financial reporting: profit and loss, balance sheet, cash flow
- Integration with 300+ third-party apps
Cred Books manages fully outsourced MYOB accounting so you benefit from all these features without needing to learn the platform or manage compliance yourself.
Our MYOB Accounting Services
From initial MYOB setup to daily bookkeeping, BAS preparation, STP payroll, and financial reporting. Our MYOB accountants handle it all inside your existing MYOB account.
MYOB Setup and Migration
We set up your MYOB account from scratch or migrate your existing accounting data, configuring your chart of accounts, BAS settings, bank feeds, and STP payroll from day one.
MYOB Bookkeeping
We maintain accurate, up-to-date financial records through daily transaction coding, bank reconciliation, and account categorisation inside MYOB, giving you a clean set of books at all times.
BAS Preparation and Lodgement
We prepare and lodge your Business Activity Statement accurately and on time, covering GST, PAYG withholding, and FBT instalments. See our Business Activity Statement Services for full details.
STP Payroll Management
We process payroll inside MYOB each pay cycle, submitting Single Touch Payroll (STP) reports directly to the ATO. See our Payroll Processing Services for full details.
Accounts Payable and Receivable
We manage supplier invoices and chase outstanding customer payments inside MYOB. See our Account Reconciliation Services.
MYOB Financial Reporting
We generate customised profit and loss reports, balance sheets, and cash flow statements in MYOB on a fixed schedule or on demand, reviewed by a senior accountant before delivery.
MYOB Inventory Management
We track and manage your inventory in real time within MYOB, keeping stock levels accurate, flagging reorder points, and preventing cash flow problems from overstocking or shortages.
Tax Compliance and Planning
We calculate, prepare, and file GST returns, income tax, and other tax obligations inside MYOB, keeping your business compliant with ATO and IRD regulations.
Software Expertise
Cred Books vs In-House MYOB Accounting: Which Works Better for Your Business?
Outsourcing MYOB accounting suits any Australian or New Zealand business spending more time on BAS, STP, and bookkeeping than on its core operations.
| Factor | In-house team | Cred Books (Outsourced) |
|---|---|---|
| Cost | Full-time salary, super, leave entitlements, software | Monthly fixed fee, no HR overhead |
| MYOB expertise | Varies by staff member | Qualified MYOB accountants on every account |
| ATO compliance | Relies on staff keeping up with ATO changes | Up-to-date BAS, STP and GST across all lodgements |
| Scalability | Requires new hires to scale up | Services added or removed without staffing changes |
| Availability | Business hours only; leave cover needed | Continuous coverage with dedicated contact |
| Data security | Depends on internal IT policies | MYOB's bank-grade encryption + strict access controls |
| Reporting turnaround | Varies by workload | Fixed schedule or on-demand within agreed SLA |
MYOB Integrations We Manage
MYOB integrates with payment gateways, payroll platforms, and Australian ATO compliance portals. Our team manages all MYOB integrations so your banking, payroll, and ATO reporting stay connected and accurate.
Payment & Banking
E-Commerce
Business Apps
Tax & Compliance
Payroll & HR
Why Do Businesses Outsource MYOB Accounting to Cred Books?
Cred Books is a qualified MYOB accounting firm with a dedicated team managing accounts for clients across Australia, New Zealand, the UK, and the UAE. Businesses that move their Outsourced Accounting Services to us consistently reduce costs while getting better accuracy and faster reporting.
Cost-Effective Solutions
Outsourcing to Cred Books costs significantly less than hiring a full-time in-house bookkeeper, removing salary, super, leave, and software licence overheads.
Enhanced Data Security
Your financial data is protected by MYOB's bank-grade cloud encryption and our strict internal access controls, ensuring only authorised personnel can view your records.
Certified MYOB Accountants
Every accountant on your account is trained in MYOB and fully up to date with ATO regulations, STP obligations, and BAS lodgement requirements.
Scalable Services
Whether you are a sole trader or a growing company, our services scale with you. Add or remove services at any time without being locked into a rigid contract.
BAS and STP Payroll Specialists
Our accountants prepare and lodge your Business Activity Statement accurately each quarter and submit Single Touch Payroll reports to the ATO on time every pay run, keeping your business fully compliant with Australian tax law.
AU and NZ Compliance Expertise
We are specialists in Australian and New Zealand tax requirements, from GST and PAYG to superannuation guarantee and IRD obligations, ensuring every MYOB submission is accurate and lodged on time.
Which Businesses Get the Most Out of MYOB Outsourcing?
Outsourcing MYOB accounting suits any Australian or NZ business spending more time on compliance and bookkeeping than on its core operations. Here are the businesses that see the biggest gains.
Australian SMBs
Businesses needing BAS lodgement, GST returns, and bank reconciliation handled monthly. Learn about our Business Activity Statement Services.
NZ Businesses
New Zealand companies needing IRD compliance, GST returns, and payroll managed inside MYOB with local tax expertise.
Construction and Trades
Builders, contractors, and trades businesses needing job costing, subcontractor payments, and progress billing managed in MYOB. See our Construction Accounting Services.
Retail Businesses
Retail businesses needing inventory management, sales reconciliation, and GST reporting inside MYOB. See our Retail Accounting Services.
Hospitality Businesses
Cafes, restaurants, and hotels needing weekly wage processing, tip management, and BAS lodgement handled in MYOB. See our Hospitality Accounting Services.
Seasonal Businesses
Businesses with seasonal peaks needing flexible accounting support during busy periods without the cost of permanent headcount.
Our MYOB Accounting Process
A clear five-step process from day one to ongoing reporting. Every step has an assigned accountant and a senior reviewer who checks the output before it reaches you.
Data Migration
We migrate your existing accounting data to MYOB, map your chart of accounts, and verify every opening balance before go-live.
BAS and STP Configuration
We configure GST codes, PAYG withholding settings, superannuation calculations, STP payroll runs, and ATO reporting directly inside MYOB, aligned to your specific Australian or New Zealand tax obligations.
Account Handover
We take over day-to-day MYOB management, maintain automated backups, and keep your team informed through a dedicated point of contact.
Quality Assurance
Every transaction batch and report is reviewed by a senior accountant before delivery, ensuring accuracy and integrity of your financial data.
Timely Reporting
You receive financial reports on a fixed schedule, weekly, monthly, or quarterly, or on demand whenever you need them.
Sectors We Serve with MYOB Accounting
Our MYOB accounting team works across a wide range of industries. Each sector has specific compliance and reporting needs that we handle within MYOB.
MYOB AccountRight vs MYOB Business: Which to Outsource?
Cred Books manages both MYOB AccountRight and MYOB Business. Here is how the two products compare for outsourced accounting, so you can choose the right platform for your Australian or New Zealand business.
Cred Books manages both MYOB products. Not sure which is right for your business? Contact us for a recommendation.
Frequently Asked Questions
What does outsourcing MYOB accounting mean for my business?
Outsourcing MYOB accounting means hiring an external firm like Cred Books to manage your MYOB account on your behalf. The firm handles BAS lodgement, STP payroll, bank reconciliation, and financial reporting inside your existing MYOB account.
How much does outsourced MYOB accounting cost in Australia?
The cost depends on your transaction volume and the services required. Cred Books typically saves Australian businesses 60% or more compared to employing an in-house MYOB accountant. Contact us for a custom quote based on your business size.
Can I outsource just my MYOB BAS lodgement to Cred Books?
Yes. Cred Books offers modular MYOB services. You can outsource BAS lodgement only, STP payroll only, or the full accounting function, and add further services as your business grows.
Is MYOB or Xero better for outsourced accounting in Australia?
Both are strong platforms for outsourcing in Australia. MYOB is preferred by businesses already embedded in the MYOB ecosystem, particularly those using AccountRight for job costing and desktop workflows. Xero is popular for bank feed automation. Cred Books manages both platforms.
How do I give an outsourced accountant access to my MYOB account?
In MYOB AccountRight, add an accountant user under Setup, then Online Features. In MYOB Business, add them under Users. Cred Books receives the access level needed to manage your account while you remain the account owner.
Does Cred Books manage MYOB AccountRight and MYOB Business?
Yes. Cred Books manages both MYOB AccountRight and MYOB Business (formerly Essentials). Our team is experienced across all current MYOB product versions used by Australian and New Zealand businesses.
Can Cred Books handle MYOB STP payroll for my employees?
Yes. Cred Books processes STP payroll runs inside MYOB, submitting Single Touch Payroll reports to the ATO on time each pay cycle and managing PAYG withholding, superannuation calculations, and employee pay summaries.
How quickly can Cred Books start managing my MYOB account?
Cred Books typically onboards new MYOB clients within 3 to 7 business days, covering account review, BAS configuration, STP payroll setup, and reporting schedule establishment.
What is the difference between outsourced MYOB accounting and a local bookkeeper?
A local bookkeeper typically provides basic data entry and bank reconciliation. Cred Books provides a full team covering BAS, STP payroll, ATO compliance, and management reporting at a cost typically lower than a part-time local bookkeeper.