David_Cree's avatar
David_Cree
Ultimate Partner
10 years ago
Status:
Done

Setup: MULTI CURRENCY IN PREMIER

Hello all,

 

I had, until this week, understood that the Multi-Currency functions in the Classic Premier version would be available in the 2014 Live version later this year.

It appears that this is now not the case, and may not even happen next year, or even longer.

 

I have a number of clients now using M-C in Premier v19.10 who want to move to the live version to obtain the benefits that they see available, but it now seems they will be stuck with the old version for quite some time.

All that they get for their almost $1200 pa subscription is updates of tax tables.

 

I urge all Premier M-C users and those with clients using M-C to vote to have this functionality returned without delay.

 

Cheers

David

Multi-Currency

37 Comments

Sort By
  • Kym__Yeoward's avatar
    Kym__Yeoward
    Ultimate Partner
    10 years ago

    Suggest you look at the great multi-currency features in QuickBooks Onlinefrom Intuit Australia. Serious competition there !

    • The_Doc's avatar
      The_Doc
      Ultimate Partner
      10 years ago

      Hi Kym__Yeoward 

       

      Multi-currency is due for release later this year - but it has always been the poor-mans part of the premier pack seeing little or no development over the years.

       

      I have [untill recently] used the premier multi-currency part extensively - and was recently asked to give written comments on old and desired new features for the multi-currency 2014 version. I was then extensively interviewed re my comments.

       

      I am sure other longterm users of multi-currency will have been so asked for critique.

       

      If my comments and thoughts and recommendations are listened to - and are the same as other users the new multi-currency should be a whole lot different from the old.

       

      I do know for example that the cumbersome dual currency account necessary in the old premier is to go!

       

      Watch this space but I think there will be a lot of new features - thank goodness

       

      The Doc

    • Suja_P's avatar
      Suja_P
      Former Staff
      10 years ago
      Status changed:
      New
      to
      New

      Thank you for your post, Kym__Yeoward. 

       

      As the Doc mentioned, we are currently working on including multi currency functionality to AccountRight Premier. We expect to release a multi currency capable version of Premier by the end of this year. 

       

      Please do post again should you have any further queries.

       

      Regards,

      Suja
      MYOB Support

    • jenniek's avatar
      jenniek
      Ultimate Partner
      10 years ago

      hi Suja_P 

      Release later this year?? - not what we heard at conference!

  • The_Doc's avatar
    The_Doc
    Ultimate Partner
    10 years ago

    Multi-currency is a must and MYOB to not deliver multi-currency in the new version would undoubtedly send people looking elsewhere.

     

    The Doc

  • jenniek's avatar
    jenniek
    Ultimate Partner
    10 years ago

    Agree - have to say I'm already looking elsewhere to do the best for my clients!

  • JasonHill's avatar
    JasonHill
    Former Staff
    10 years ago
    Status changed:
    New
    to
    Planned

    Thanks for your feedback. We are still committed to adding multi-currency functionality to the Premier version of the new AccountRight. However, the functionality is proving difficult to implement and unfortunately won't be available in 2014. We will update this post when we have more information about a release. Thanks for your patience in the meantime. 

  • Ray-T's avatar
    Ray-T
    Cover User
    10 years ago

    Agree with the above comments, very very poor value for the subscription. Thats not taking into consideration the extra hours spent doing reconciliation work without live bank feeds.

     

    How many users does MYOB currently have on this subsciption? Surely the revenue generated by these customers should be getting put straight into development of the features we require. Another 3 months to finish development? We are all in business and understand that within reason, the more resources that are allocated to a job, the faster if will be compelted. It appears MYOB is not taking this approach, as what will they gain from this upgrade? nothing! They won't generate any aditional revenue, hence there is no incentive for them to speed up the development.

     

    Based on MYOB's past inability to deliver software according to their own shedule there is no gaurantee it will even be completed in January

  • JasonHill's avatar
    JasonHill
    Former Staff
    10 years ago

    Thanks for your feedback Ray-T and apologies for the delay. MYOB will invest $40 million in research and development this financial year to improve our software and services, but as mentioned above, adding multi-currency functionality to Premier is proving more difficult and time-consuming than initally anticipated. We thank you for your patience while the development team works to implement the feature.

     

    All the best,

    Jason Hill
    Community Manager

  • WendyH's avatar
    WendyH
    Trusted Partner
    10 years ago

    We have clients looking at other options for multicurrency, which really saddens me.  Development team - I know you're working on this, please may we have this before it's too late and we've lost more clients to other software providers.  

  • Gaye's avatar
    Gaye
    Contributing Cover User
    10 years ago

    Multi Currency for Premier19 Account Right.

    When is it envisaged now that this MYOB version will have multi currencies version available?

    We have been with MYOB since version 2 and always been impressed and enjoyed running the best accounting software for our business.  With Zero now a popular alternative it will interesting to see which system gets the multi-currency version up and running first.  Please action this quickly to stay abreast of your competitors.

  • Suja_P's avatar
    Suja_P
    Former Staff
    10 years ago

    Hi WendyH and Gaye,

     

    Thank you for your  votes and comments. Adding multi-currency functions to the AccountRight Live range is proving to be more challenging than our developers originally anticipated. It is therefore taking longer than planned. We will provide an update with more details soon. We request others to please continue to vote on the idea.