Setup: Filing cabinet for documents

Many online cloud accounting platforms allow you to attach a PDF to any transaction. This means you can spend money, attach a receipt or invoice etc. MYOB limits you to purchases where a creditor must be raised etc. Why is this so important, in our opinion?

The power of cloud is the online sharing of information. I open a set of accounts see something was paid with a CC, say $15 and with a click I can see the receipt. MYOB forces you to create a creditor, raise a bill and then pay it. Very time wasting.

We are a fully paperless office and promote to and as a result tend to attract clients with a similar outlook to office admin systems. In our office, as well as more than a few of our clients, tagging PDF's with key information happens every day. Example, $100 is spent at Harvey Norman. Reception scans and tags the receipt with a short audio tag (takes only a few seconds to do) that explains something about the payment. Someone using MYOB then can not only access the receipt but gets details as well. 

We see MYOB as a cloud based accounting driven database - our clients want to find things in MYOB as a first port of call. Example, looking for details on an insurance policy. Go to MYOB look for the payment and attached in the PDF that contains the receipt and the policy PDS. Again because we are paperless many of our PDF's tell a story and MYOB then becomes the place where you find it. With this in mind the easier it is to attach to anything the better.