For budding entrepreneurs and would-be business tycoons, better planning and financial management are an important key to success, particularly in the startup phase of their small business.

Accounting software provider Xero has launched Notification features on its accounting platform which it says are aimed at keeping small business owners alerted to information important to their companies, including advice on improving business.

Accounting software vendor MYOB has restructured its senior management team in a move which it says will facilitate increased focus on continuing the “strong uptake” of innovative cloud solutions.