What users are saying about
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67 Ratings
17 Ratings
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Score 8.4 out of 100

MYOB

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67 Ratings
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Score 6.2 out of 100

Feature Set Ratings

  • Accounting Power ranks higher in 3 feature sets: Security, Reporting & Analytics, General Ledger and Configurable Accounting
  • MYOB ranks higher in 1 feature set: Customization

Customization

4.0

Accounting Power

40%
5.5

MYOB

55%
MYOB ranks higher in 2/2 features

API for custom integration

4.0
40%
1 Rating
5.4
54%
6 Ratings

Plug-ins

N/A
0 Ratings
5.5
55%
5 Ratings

Security

9.5

Accounting Power

95%
6.9

MYOB

69%
Accounting Power ranks higher in 2/2 features

Single sign-on capability

10.0
100%
1 Rating
6.6
66%
10 Ratings

Role-based user permissions

9.0
90%
1 Rating
7.1
71%
11 Ratings

Reporting & Analytics

8.0

Accounting Power

80%
6.0

MYOB

60%
Accounting Power ranks higher in 2/3 features

Dashboards

7.0
70%
1 Rating
6.2
62%
10 Ratings

Custom reports

9.0
90%
1 Rating
5.5
55%
10 Ratings

Standard reports

N/A
0 Ratings
6.4
64%
11 Ratings

General Ledger and Configurable Accounting

8.5

Accounting Power

85%
5.4

MYOB

54%
MYOB ranks higher in 13/21 features

Accounts payable

9.0
90%
1 Rating
6.4
64%
15 Ratings

Accounts receivable

9.0
90%
1 Rating
6.4
64%
15 Ratings

Cash management

8.0
80%
1 Rating
5.9
59%
14 Ratings

Bank reconciliation

10.0
100%
1 Rating
6.5
65%
15 Ratings

Expense management

9.0
90%
1 Rating
6.5
65%
11 Ratings

Multi-division support

6.0
60%
1 Rating
3.9
39%
6 Ratings

Journals and Reconciliations

8.0
80%
1 Rating
5.9
59%
11 Ratings

Standardized Processes

9.0
90%
1 Rating
5.6
56%
7 Ratings

Time tracking

N/A
0 Ratings
5.6
56%
6 Ratings

Fixed asset management

N/A
0 Ratings
5.1
51%
8 Ratings

Multi-currency support

N/A
0 Ratings
3.4
34%
7 Ratings

Regulations compliance

N/A
0 Ratings
4.9
49%
8 Ratings

Electronic tax filing

N/A
0 Ratings
5.9
59%
9 Ratings

Self-service portal

N/A
0 Ratings
5.3
53%
7 Ratings

Global Financial Support

N/A
0 Ratings
6.0
60%
5 Ratings

Primary and Secondary Ledgers

N/A
0 Ratings
5.7
57%
7 Ratings

Intercompany Accounting

N/A
0 Ratings
4.0
40%
5 Ratings

Localizations

N/A
0 Ratings
6.0
60%
5 Ratings

Enterprise Accounting

N/A
0 Ratings
4.9
49%
4 Ratings

Configurable Accounting

N/A
0 Ratings
5.4
54%
8 Ratings

Centralized Rules Framework

N/A
0 Ratings
3.9
39%
3 Ratings

Payroll Management

Accounting Power

Feature Set Not Supported
N/A
6.6

MYOB

66%
MYOB ranks higher in 5/5 features

Pay calculation

N/A
0 Ratings
7.1
71%
11 Ratings

Benefit plan administration

N/A
0 Ratings
6.5
65%
7 Ratings

Direct deposit files

N/A
0 Ratings
6.9
69%
9 Ratings

Salary revision and increment management

N/A
0 Ratings
6.5
65%
7 Ratings

Reimbursement management

N/A
0 Ratings
6.2
62%
7 Ratings

Inventory Management

Accounting Power

Feature Set Not Supported
N/A
5.1

MYOB

51%
MYOB ranks higher in 4/4 features

Inventory tracking

N/A
0 Ratings
6.6
66%
8 Ratings

Automatic reordering

N/A
0 Ratings
4.9
49%
5 Ratings

Location management

N/A
0 Ratings
4.6
46%
5 Ratings

Manufacturing module

N/A
0 Ratings
4.4
44%
5 Ratings

Order Management

Accounting Power

Feature Set Not Supported
N/A
5.5

MYOB

55%
MYOB ranks higher in 7/7 features

Pricing

N/A
0 Ratings
5.5
55%
6 Ratings

Order entry

N/A
0 Ratings
5.5
55%
6 Ratings

Credit card processing

N/A
0 Ratings
5.5
55%
5 Ratings

Cost of goods sold

N/A
0 Ratings
5.5
55%
6 Ratings

Order Orchestration

N/A
0 Ratings
5.5
55%
4 Ratings

End-to-end order visibility

N/A
0 Ratings
5.5
55%
4 Ratings

Order exception Resolution

N/A
0 Ratings
5.5
55%
4 Ratings

Attribute Ratings

  • Accounting Power is rated higher in 5 areas: Likelihood to Recommend, Likelihood to Renew, Usability, Support Rating, Implementation Rating

Likelihood to Recommend

9.0

Accounting Power

90%
1 Rating
5.4

MYOB

54%
17 Ratings

Likelihood to Renew

10.0

Accounting Power

100%
1 Rating
9.5

MYOB

95%
2 Ratings

Usability

10.0

Accounting Power

100%
1 Rating
5.7

MYOB

57%
13 Ratings

Support Rating

7.0

Accounting Power

70%
1 Rating
5.4

MYOB

54%
14 Ratings

Implementation Rating

8.0

Accounting Power

80%
1 Rating
5.0

MYOB

50%
2 Ratings

Ease of integration

Accounting Power

N/A
0 Ratings
1.0

MYOB

10%
1 Rating

Likelihood to Recommend

AccountantsWorld

Retail, professional services, non-manufacturing, or non-inventory-based clients are a great fit.
Read full review

MYOB

MYOB is suitable for any business. I have two different businesses and both use MYOB effectively. I use MYOB to pay wages every fortnight for both businesses. This enables me to track exactly what is happening with everyone's different sick leave and holiday entitlements easily. I'm also able to keep track of expenditure and balance and reconcile the accounts against bank statements.
Read full review

Pros

AccountantsWorld

  • Simple layout
  • Logical menu and format
  • Flexibility in designing reports
  • Department/location accounting
Read full review

MYOB

  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
Read full review

Cons

AccountantsWorld

  • CPA firm's client interface for delivery of bills to pay
  • Better ACH payment options for bill payment
  • Additional layer of department/location allocation
  • Invoicing option in mobile app
Read full review

MYOB

  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
Read full review

Pricing Details

Accounting Power

Starting Price

Editions & Modules

Accounting Power editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    MYOB

    Starting Price

    Editions & Modules

    MYOB editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      AccountantsWorld

      I do not see a good alternative in the market
      Read full review

      MYOB

      Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
      Read full review

      Usability

      AccountantsWorld

      It provides everything one needs for accounting services and then some at a price point that makes it very affordable.
      Read full review

      MYOB

      All of the MYOB products are easy to use. Most of our clients use MYOB ACE payroll and Essentials but some of the customers who are proper accounts use a range of products like Account Right MYOB AE/AO, Practice manager, TAX manager, etc. I have never heard of any complaints and the support contacts are always approachable.
      Read full review

      Support Rating

      AccountantsWorld

      Needs some work. Support staff seem to be computer people, not accountants or users of the system. Their answers sometimes seem short and computer-based. Not answered in a way that says, "I have thought through this and here is what I see to do."
      Read full review

      MYOB

      MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
      Read full review

      Implementation Rating

      AccountantsWorld

      Seek out others who have done it and learn from them.
      Read full review

      MYOB

      No answers on this topic

      Alternatives Considered

      AccountantsWorld

      I find Accounting Power to have more flexibility, power, and reporting capability than QuickBooks Online with a simpler interface.
      Read full review

      MYOB

      Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.
      Read full review

      Return on Investment

      AccountantsWorld

      • Allowed for standardized processes
      • Improved efficiency in disbursement processing
      • Bank feed is easily broken
      • ACH payment options are not well established
      Read full review

      MYOB

      • It was great when we first started using it but there was a time when MYOB stopped supporting payroll tax tables for Apple computers and so we made the switch.
      • While we were using it staying on top of all of the pesky accounting details was a breeze.
      • We were very detail oriented to begin with and had a thorough understanding of basic accounting principles but anyone without even basic knowledge can quickly set up MYOB and get running fairly quickly and provide detailed reports to their CPA or CFO consultant for a deeper analysis of their business.
      Read full review

      Screenshots

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