Whether you're running your own business, working as a book-keeper or accountant for someone else, or the the IT guy making sure the business has access to the tools they need there's one software category you have to keep in your business' application kitbag. That's accounting software. But today's applications go far further than double-entry accounting, raising invoices and producing a monthly or quarterly report for the tax office. They integrate with warehouse and logistics applications, point of sale terminals and other systems making them the heart of your business' backoffice. Two of the biggest players on the market are the veteran MYOB and the fast-rising challenger Xero.

Meanwhile, concerns around attracting new customers and cash flow is growing.

If you're a small business owner dreaming of one-day retiring comfortably, new research suggests that the dream may be out of reach. According to a study by cloud accounting provider MYOB, a majority of small and medium business (SMB) owners will be unable to retire with over one-third of them currently not contributing to their own superannuation. Read on to find out more.

While recent budget promises made by the Federal Government have been somewhat favourable to SMBs, business owners still don't have a positive outlook on what lies ahead in the future. That's according to a survey by accounting software vendor MYOB.

Despite the majority of SMB agreeing that Australia needs to embrace innovation in order to be successful, only four per cent actually invest money towards it, according to a survey by MYOB.

How I Succeeded is a regular series on Lifehacker where we ask business owners for the secrets and tactics behind their success. Today: Tim Reed from MYOB.

When the new financial year begins in a fortnight in Australia, corporate payroll software will need to have been updated to take account of relevant taxation changes. It looks like that process will be going right down to the wire for several vendors.