Ostendo Operations is designed to integrate with MYOB AccountRight Live so you can extend its operational capability as one integrated system.
MYOB Accounting Link
Ostendo Operations links with the AccountRight Live range of MYOB accounting products. Ostendo Operations still links with the AccountRight Classic versions, but these are no longer supported by MYOB.
- MYOB AccountRight Live Standard
- MYOB AccountRight Live Plus
- MYOB AccountRight Live Premier
MYOB AccountRight Live is installed as a software application on your computer but the database can be hosted in the cloud or on premise. The MYOB AccountRight Live databases can be backed up whether they are hosted in the cloud or are installed on premise.
The MYOB AccountRight Live interface with Ostendo Operations is live and seamless, as long as your internet connection is running. This works whether the MYOB database is in the cloud or on premise. Data is posted from Ostendo Operations to MYOB AccountRight Live automatically at intervals of a few minutes, effectively providing real time integrated financials. The MYOB AccountRight Live interface uses the MYOB API.
How the MYOB AccountRight Live Accounting Link Works
Ostendo Operations performs all of the operational functions of the system and posts General Ledger transactions to MYOB AccountRight Live based on mapping rules that are setup. MYOB AccountRight Live is used for financial reporting, BAS/GST returns, bank reconciliations accounts receivable and accounts payable.
Sales invoices are raised in Ostendo Operations for jobs or sales orders and these are posted to MYOB AccountRight Live. Payments for sales invoices are entered in MYOB AccountRight Live which updates the invoices in Ostendo Operations with the payment applied. Payments can also be processed in Ostendo and posted to MYOB AccountRight Live, which would be required for Point-of-Sale.
Supplier invoices for inventory or job costing are entered in Ostendo Operations for three way matching with the purchase receipt and the purchase order. Alternatively, they can be entered directly against a job or work order if there is no purchase order, such as for job disbursements. Supplier invoices are posted to MYOB AccountRight Live where they are paid. Normal expenses, such as electricity or rent, are entered directly into MYOB AccountRight Live.
Customer and supplier card records are automatically updated from Ostendo Operations to MYOB AccountRight Live.
MYOB AccountRight Live Premier has recently been released with a beta version of multi-currency but currently this is unavailable in the API to link with. Ostendo Operations is able to transact purchases and sales in foreign currency and convert to local currency when posting to MYOB AccountRight Live (Standard and Premier), but does not calculate foreign currency gain and loss.
We do not implement or support MYOB, but we collaborate with MYOB Partners and accountants who provide those services.