You have been asked to compile a report for the business owner, detailing at least five work process improvements which may be implemented as a part of the switch from MYOB desktop software to the Xero cloud platform.

You will need to analyse and critically evaluate the effectiveness of the MYOB desktop software application from a business perspective; and then contrast it against the procedures in Xero.

You should contrast the effectiveness of the MYOB desktop software and manual processes, against the more automated procedures available in cloud accounting solutions such as Xero. You should detail improvements in efficiency in five of the following areas:

• Sale and purchase processing
• Payment and receipt processing
• Reconciliation and internal control functions
• Fixed asset management
• Human resource management
• Customer relationship management
• Management reporting
• BAS reporting