At Payapps, we understand the unique challenges faced by businesses in the construction industry. That’s why we’ve developed our software to integrate seamlessly with MYOB – a leading cloud-based accounting software. With Payapps, you can enjoy all the features and benefits of MYOB while managing your progress claims more efficiently and accurately than ever before.
Payapps’ integration with MYOB lets you streamline your project management and progress claim process and easily track financials. MYOB automatically generates Accounts Receivable (AR) invoices for claims that you are submitting to your clients or Accounts Payable (AP) invoices for claims that you are approving for your subcontractors. Generated invoices display items claimed against, including variations, and considers any retention and GST. Payapps helps with improved cashflow forecasting, easy contract and progress claim management, and automated retention calculations to simplified project cost tracking.
How can Payapps enhance your MYOB experience?
Say goodbye to cumbersome paper trails and spreadsheets and regain control! Payapps integration with MYOB simplifies how construction companies manage progress claims, eliminate repetitive data entry, reduce potential mistakes, and improve accuracy across their financials.
Payapps integration with MYOB provides users with an enhanced invoicing experience. The integration eliminates manual work, so businesses can save time and energy managing their finances. With Payapps integrated into MYOB, users can manage contracts with progress payments much more effectively and accurately, allowing invoices to be sent faster and improving cash flow in the business.
Five key integration benefits with Payapps and MYOB
1. A single view of construction project finances and invoices-to-date:
Using MYOB as the integrated accounting platform, Payapps allows users to have a single source of truth for tracking and reconciling payments. Say goodbye to managing your progress claims in spreadsheets with complete visibility over project finances and invoices-to-date. This makes it easier to accurately track financial progress, reduce manual effort and improve payment accuracy overall.
2. Implement simplified processes to improve your business’s cash flow.
You can be in greater control of your cash flow by getting a real-time view of the status of your progress claim, making financial decisions faster and easier. Payapps will also provide up-to-date, accurate information on when progress claims are due, optimising your cash flow and ensuring no surprises. The automated reconciliation process identifies progress claim payments instantly, improving business performance.
3. A smarter way to manage variations and retention
Managing your variations and retentions for construction projects has never been easier! Enjoy the streamlined experience of keeping up to date with variations and retentions and all other project costs from one platform, leaving you free to focus on growing your business.
4. Simplify your payment cycles
Payapps integration with MYOB means that all your data is synced and updated in real time, giving you the most accurate view of your construction company’s finances. You can easily track payments, create invoices and generate reports with just a few clicks. All your progress claim data is tracked and updated in MYOB, so you will never miss out on an invoice or payment again.
5. Get time back in your day to focus on what is important
Payapps makes managing your finances more manageable. With our integration with MYOB, you can save time and effort when reconciling progress payments at a glance. You’ll be able to easily monitor all your progress claim data in real time without manually chasing documents and updating complex spreadsheets.
“If you want to be on top of your Projects’ Progress Claims, Payapps is definitely the “go-to” tool/software. It’s very efficient and it’s very user-friendly. Having the invoice automatically created in MYOB makes life easier and saves us time”.
Administrator, Abbey Glaze
Progress claims and approvals made easy.
With Payapps’ powerful progress claim platform integrated with MYOB’s reliable accounting solutions – you can manage your construction projects more efficiently than ever! You can be sure that Payapps’ software integration with MYOB will help you save time, reduce risk and improve efficiency across the entire construction project management cycle. Get started today! Find out more about our integrated solution by contacting our experts.