Letter of TransmittalTo: Department Heads, Abascus Accounting Private LimitedFrom: Farhan Badruddin, Account ManagerDate: April 18, 2014Subject: MYOB cloud AccountingAttached you will find the report you asked me to fill out. The topic is MYOB cloud accounting option/implementation for our workplace. In this report, I consider the nature of MYOB cloud accounting, also known as online cloud accounting, its advantages and disadvantages, its cost and implications. I recommend a trial program to test MYOB Cloud Accounting for our business. The online database and research articles were helpful in providing the data and insights needed for this report. Thank you for the opportunity to work on this project. I found this very stimulating and I hope you find the report useful. If you would like to discuss the contents of the report, please contact me.Table of ContentsSummary 1SummaryThis report is based on the main features of MYOB cloud accounting implementation in Abascus Accounting Private Limited. The main activity of our firm is accounting and due to the small size of our firm we need to be updated with recent software. New software can offer many possibilities, including flexibility and easy access from anywhere. At the meeting, staff attitudes towards cloud accounting were mixed. So, to come to a conclusion, I have prepared this report. This report contains detailed information about the pros and cons of Myob Cloud Accounting and is followed by problem definition, history, and detailed analysis and reviews by different companies. The report was concluded with the conclusion and recommendation for the software. It is concluded...... middle of paper ...... To ensure timely access to accounting software, we need to ensure that our internet connectivity and speed is up to par with the requirements of the software. Conclusion After thinking about the benefits and issues above, and based on the positive feedback from customers and existing users of Cloud Accounting, I am confident in the suitability of Cloud Accounting for our business. I think it's the perfect time for our company to move to cloud accounting, as many companies have already switched to it. A training session should be organized by MYOB and the IT department to learn the use of the software and resolve the maximum number of queries at any given time. . https://lbwca.com.au/index.php?option=com_content&view=article&id=523:cloud-accounting&catid=136:2013-august&Itemid=493 http://www.cpaireland.ie/your-business/business-resource /technology/how-cloud-computing-can-benefit-accountants#sthash.6zz4g6J7.dpuf