MYOB StartUp Accounting Helps New Businesses Keep Their Books in Order; New Product Specially Tailored to Make Accounting Easy for Startup Businesses.

Circuit Ordered: CANADA HIGH TECH

BW Office: NEW YORK -0-

Business Editors

MISSISSAUGA, ON--(BUSINESS WIRE)--March 23, 2000

MYOB StartUp(TM) Accounting is the newest addition to the MYOB family of accounting software products. StartUp Accounting is designed for the thousands of Canadian startups, the over 2 million self employed, and the home based businesses that operate in 1 out of every 15 Canadian homes.

With MYOB StartUp Accounting, new business owners will find security in knowing that their day-to-day sales and purchases are accurately tracked, that their bank accounts are properly reconciled, their customer and vendor information is easily accessible, inventory items are listed, and that they have all the proper sales tax reports for Canada Customs and Revenue Agency (CCRA).

They will also have the peace of mind provided by StartUp Accounting's fully integrated double entry accounting system that does the accounting work automatically, behind the scenes, so the user doesn't have to worry about debits and credits. Business owners will applaud StartUp Accounting's easy to follow interface that organizes business procedures in plain language, bringing them to Command Centre tasks such as "Spend Money", "Receive Money", "Enter Sales", "Enter Purchases" and "Find Transaction", among others.

To add convenience to MYOB StartUp Accounting, its sophisticated flexibility options include customizable invoices and purchase orders for which multiple versions can be saved. For savvy business owners who want to track the original source of their sales, such as an advertisement, the Yellow Pages or a trade show, MYOB StartUp Accounting's sales invoice screen includes a field for entering this information, and a report in which it's tracked. And small businesses with simple job tracking needs will appreciate StartUp Accounting's ability to automatically reimburse expenses from a job. Bids and estimates can be saved in a pending file to be recorded at the time of sale.

With 90 financial reports, MYOB StartUp Accounting provides business owners and their accountants with critical information for making wise business decisions, and its on-screen up-to-the-minute MYOB Analyst window lets owners and managers see their company's current financial picture, at a glance, in text or graph format. StartUp Accounting also sports the legendary MYOB To Do List, a one-stop location displaying all outstanding payables, receivables and contact alerts at which all tasks can be completed with a simple click of the mouse.

New businesses using MYOB StartUp Accounting to manage their company's financial picture are positioned for growth without hassle. MYOB StartUp Accounting can easily be upgraded to its sister products, MYOB Accounting and MYOB Accounting Plus. MYOB Accounting includes payroll, e-mailable forms and reports, custom reports, and direct links to Excel, Word and WordPerfect. MYOB Accounting Plus is a multi-user ready accounting solution that offers all of the features of Accounting and also includes multiple currency accounting, advanced inventory, and professional time billing, among other features.

MYOB StartUp Accounting is available for Windows and is priced at only $89. It can be purchased at retail stores including Business Depot, Staples, Future Shop, Computer City, London Drugs, Costco, IBM Home Computing and Inly Computers, online at Buy.com Canada and Onvia Canada, or direct from MYOB Canada by calling MYOB Customer Service at 800-836-1835.

MYOB Canada Inc. is a subsidiary of MYOB Limited, and one of the MYOB Group companies. The MYOB Group has been on the front lines of the micro-computer information revolution since 1983. With affiliates and publishing partners worldwide in the United States, Australia, the United Kingdom, New Zealand, South Africa, Singapore and Malaysia, the companies have helped more than 350,000 small businesses manage their finances more efficiently.

MYOB, the MYOB logo, and MYOB StartUp Accounting are trademarks of MYOB Limited. Other products may be trademarks or registered trademarks of their respective companies.