Accounting Power vs. MYOB

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

Incentivized

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.

Incentivized

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

Incentivized

• 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.

Incentivized

• 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

Incentivized

• [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

Incentivized

I do not see a good alternative in the market

Incentivized

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

Incentivized

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

Incentivized

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.

Incentivized

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."

Incentivized

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.

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

Incentivized

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

Incentivized

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.

Incentivized

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

Incentivized

• 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.

Incentivized