Features

MYT is a comprehensive cloud-based accounting software designed for small to medium-sized businesses. It offers a wide range of functionalities to help business owners and accountants manage their finances efficiently.

Here's an overview of its key features:

Invoicing and Payments

  • Customizable invoice creation and sending.
  • Reminders for overdue payments.
  • Automatically send generated quotes to both new and existing clients, which they can accept online with a simple click of the "accept" button.

Expense Tracking

  • Automatically import and categorize bank and credit card accounts’ transactions
  • Uploads receipts using a mobile app for easy expense tracking
  • Matches receipts to existing transactions.

Accounting Reports

  • Generates a variety of financial reports including profit and loss, balance sheet, and trial balance
  • Tracks VAT reports

Powerful Features

MYT has a broad set of features cater to the diverse needs of businesses, from basic bookkeeping to more advanced financial management.

Bank Reconciliation

Automatically matches bank transactions with the accounting records.
Reconciles bank accounts to ensure accuracy of financial data.

Bank Integration

Sync your bank accounts for seamless financial management

Financial Dashboard

A real-time dashboard that offers a quick overview of a business's financial health, including outstanding invoices, expenses, and sales.

VAT Preparation

VAT reports.
Assists in preparing for VAT return with organized income and expense records.

Purchase Orders

Create and manage purchase orders that can be converted into bills or checks

Document Management

Attach documents to transactions, invoices, and customer records directly within MYT for easy access and organization.

Supplier and Expense Management

Track supplier bills to manage cash outflows efficiently.
Automatically extract details from uploaded invoices using AI.

Access Control and Collaboration

Multiple user access with different permission levels to collaborate with accountants or team members.
Role-based access for managing sensitive financial information securely.

Mobile Application

A mobile app for managing finances on the go, including invoicing, receipt scanning, and expense tracking.
Real-time data access from any device.

Multi-Currency Functionality

Streamlined Currency Management: Our software now allows you to effortlessly record and reconcile transactions in various currencies, simplifying the process of managing international transactions.
Real-Time Currency Conversion: Say goodbye to manual conversion calculations! Our AI-powered system automatically converts currencies at current exchange rates, ensuring accuracy and efficiency in your financial records.

Security and Compliance

Implements advanced security measures, including data encryption and secure data centres
Complies with industry-standard financial and data protection regulations.

Stock management

Track inventory levels, manage stock movements, and generate detailed reports for better inventory control.