Suresh_Patel's avatar
Suresh_Patel
Experienced User
5 months ago
Status:
Open

Fixed Asset Module for MYOB Business

I’d like to suggest an important enhancement for MYOB Business – the addition of a Fixed Asset module.

Currently, MYOB does not offer an integrated solution to manage fixed assets and calculate depreciation, which is a critical feature for businesses of all sizes. Competitor platforms such as Xero already provide this functionality, giving users a streamlined way to track assets, manage disposals, and automatically calculate depreciation.

Adding a Fixed Asset module would:

Improve compliance and accuracy in financial reporting.

Save businesses time by automating depreciation calculations.

Provide a complete end-to-end accounting solution within MYOB, reducing the need for external spreadsheets or third-party tools.

Given MYOB’s strong reputation as a leading accounting software company, I believe this enhancement would bring significant value to users and further strengthen MYOB’s competitive edge.

depreciation

19 Comments

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  • Balance_AA's avatar
    Balance_AA
    Member
    4 months ago

    Splendid idea! Adding a Fixed Asset Module to MYOB Business would be a game-changer and help countless customers. This much-awaited enhancement would make MYOB even more powerful by streamlining asset tracking, automating depreciation, and eliminating the need for external tools. I truly hope MYOB considers fast-tracking this much-needed feature — it would greatly strengthen the platform’s capability and overall user experience.

  • Non-For-Profit's avatar
    Non-For-Profit
    Experienced Cover User
    4 months ago

    Yes, we definitely need an integrated Fixed Asset function that helps us manage depreciation, write offs, etc. We currently have to use a third party system, but in my other company, we use Xero and it's done seamlessly with just a click to run depreciation. 

  • AmandaMYOB's avatar
    AmandaMYOB
    MYOB Moderator
    5 months ago

    Hey Suresh_Patel​ 

    Thanks for reaching out. We've passed your idea to the product team, the more votes we can accumulate on an idea the more weight we can add which helps our product teams shape future priorities. I'll make sure to update this post as soon as I have an update!

  • Robocop's avatar
    Robocop
    Member
    5 months ago

    Even Xero has had fixed assets for years. It's not that hard.

  • Suresh_Patel's avatar
    Suresh_Patel
    Experienced User
    5 months ago

    Thank you AmandaMYOB​ If you could please expedite this enhancement, it would be greatly appreciated. In today’s competitive and self-sufficient software environment, this upgrade would significantly strengthen MYOB’s position and attract many new customers.

  • AmandaMYOB's avatar
    AmandaMYOB
    MYOB Moderator
    5 months ago
    Status changed:
    New
    to
    Open

    Hey Suresh_Patel

    Thanks for your idea! We'll be sharing this one with our product teams and have updated the status to open for other members of our community to vote and add weight to your idea.