Assignment Task:
MYOB is a leading provider of business management solutions for small to medium size organisations in areas including accounting, payroll, job management and financial reporting.
Background
As manufacturers of EVs, SEA Electric’s vision is to create a future in which electric vehicles rule the road, by helping to switch almost every commercial vehicle, worldwide, to an energy-efficient electric model. They’re well on their way – but their incredible growth has also come with increased complexity. Implementing MYOB Advanced at just the right time has been the key to streamlining their production, unifying disparate parts of the business and unlocking opportunities. It supports the SEA Electric team’s never-ending quest for innovation, while supporting their BAU processes. 1.
Tasks
By reviewing the case study of SEA Electric on the MYOB website (https://www.myob.com/au/enterprise/case-studies/sea-electric), you are required to write a report addressing the following tasks:
1. Outline the specific functions provided by MYOB software.
2. Discuss the problems of using a manual accounting system.
3. Outline the benefits of using an online accounting software tool.
4. Discuss three (3) specific economic transactions that would take place at SEA Electric, detail how MYOB would be used and useful.
5. Discuss any limitations or risks that SEA Electric may face in the implementation of MYOB.
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