MYOB to Offer Web-Based Payroll to Small Business Customers

Rockaway, NJ - October 1, 2002 - MYOB US, Inc., developer of award-winning accounting and business management software for small businesses, today announced a partnership with SurePayroll, a national leader in the online payroll marketplace, to provide a cost-effective oline payroll solution to small businesses in the United States. Businesses that use MYOB’s AccountEdge, FirstEdge, and Plus software products have the added benefit of automatic import of payroll processing information into their MYOB product. Named MYOB SurePayroll, the service is available through the MYOB web site at www.myob.com/us or by calling 800-917-4888.

Although the benefits are universal, this represents a special event for Macintosh users in particular, as it is the first time ever that they have access to an end-to-end online payroll solution. The new service includes payroll processing, direct deposit management, tax filing and payment reconciliation with automatic import of payroll processing information into their MYOB product. The employer retains control of the payroll administration through a secure online account.

MYOB SurePayroll will provide small business customers with access to an easy-to-use, reliable and cost-effective online payroll solution that is significantly faster, less expensive and more flexible than manual or traditional payroll services, and provides a full guarantee that accepts responsibility for penalties associated with payroll errors.

MYOB SurePayroll allows small businesses to process payroll anytime, anywhere – thus letting them maintain complete control over the payroll process. Payroll can be completed in minutes via the Web. It’s a win-win service for both employers and employees. Employers have the option to provide direct deposit of employee checks or to print checks and paystubs locally. They have complete access to payroll information history as well as current payroll. Employees enjoy the convenience of email notification confirming that their pay has been deposited into their bank accounts. At any time, employees can log into their secure MYOB SurePayroll web page to view their pay history and print out pay stubs.

MYOB SurePayroll reduces errors common to the more traditional phone-based services because the small business can see its payroll entries online and confirm that they are correct before transmitting. It is more convenient in that MYOB SurePayroll is accessible at any time in contrast to other services that require payroll to be phoned in at specific days and times. In terms of savings, MYOB and SurePayroll estimate that the new service will cost 30% to 50% less than traditional payroll services.

"Our unwavering goal is to be the leading total solutions provider to the small business industry. To do that, we need to offer the best payroll solution that is available on the market," said Cynthia Mackewicz, General Manager for MYOB US. “In joining forces with SurePayroll, we provide access to a best-in-class online payroll solution, exclusively designed for small business and with a strong reputation for simplicity, reliability, and affordability.”

"We are pleased to partner with MYOB in offering a cost-effective, guaranteed payroll processing solution to small businesses, and to make the process another step easier for businesses using MYOB products," said Michael Alter, senior vice president of SurePayroll. "As the developer of award-winning accounting and business management products and the market leader in Macintosh-based accounting software, MYOB is well-positioned to introduce large numbers of small business owners to the many benefits of MYOB SurePayroll. Using the Internet, these small business owners can process payroll in minutes, saving substantial amounts of time and money while staying in complete control of the payroll process."

MYOB FirstEdge and MYOB AccountEdge are small business management and accounting products for Mac OS 8.6, 9x and Mac OS X. FirstEdge is ideal for the very small business or organization manager that needs to track sales, banking, expenses and customers. AccountEdge is a fuller featured product for those small businesses also needing inventory, purchases, time billing and payroll. MYOB Plus for Windows is the sister product to AccountEdge, offering company file cross-platform compatibility with AccountEdge and vice versa. Like SurePayroll’s online payroll service, MYOB’s software products are acclaimed for their ease of use.

About MYOB:
MYOB US, Inc. is a leading publisher of innovative, award-winning small business accounting and financial management software, including MYOB Plus for Windows, MYOB FirstEdge for Mac OS, and MYOB AccountEdge for Mac OS. More than 400,000 small businesses use MYOB’s offerings to manage their businesses more efficiently. MYOB US is a subsidiary of MYOB Limited, which is listed on the Australian Stock Exchange (ASX 'MYO') and has operations in the United States, the United Kingdom, Australia, New Zealand, Malaysia, Singapore, Hong Kong and Latin America. For more information, visit www.myob.com/us.

About SurePayroll:
SurePayroll provides a simple, reliable and economical way for small businesses to process and distribute payroll and taxes in minutes via the Internet. The Company's Internet-based payroll service automates the entire payroll process, completely eliminating the traditional processing steps that conventional payroll services providers use. Using SurePayroll, small businesses and their employees can initiate and access their payroll from anywhere, at any time. By leveraging the Internet, payroll is completed in a fraction of the time, at a fraction of the cost.

SurePayroll is a privately held company based in Skokie, IL. SurePayroll’s customer base number in the thousands and includes payroll customers in all 50 states. In addition to providing payroll services directly to small business, SurePayroll also provides a private label payroll service that is used by numerous accounting firms and community banks. SurePayroll’s business partners include Wells Fargo and ABN AMRO. For more information, visit www.surepayroll.com.

For More Information About SurePayroll:
Michael Alter
Senior Vice President
SurePayroll
847-676-8420, ext 7229
michael.alter@surepayroll.com

For More Information About MYOB:
Jennifer Lee
Marketing Communications Manager
MYOB US, Inc.
(973) 586-2200 ext.5529
jenniferl@myob.com

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