What users are saying about
35 Ratings
8 Ratings
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Score 8.8 out of 100
35 Ratings
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Score 5.3 out of 100

Likelihood to Recommend

Accounting Power

Retail, professional services, non-manufacturing, or non-inventory-based clients are a great fit.
Steven Brewer | TrustRadius Reviewer

MYOB

For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Stephen Lalla | TrustRadius Reviewer

Feature Rating Comparison

Security

Accounting Power
9.5
MYOB
8.0
Single sign-on capability
Accounting Power
10.0
MYOB
8.0
Role-based user permissions
Accounting Power
9.0
MYOB
8.0

Reporting & Analytics

Accounting Power
8.0
MYOB
7.3
Dashboards
Accounting Power
7.0
MYOB
7.0
Custom reports
Accounting Power
9.0
MYOB
7.0
Standard reports
Accounting Power
MYOB
8.0

General Ledger and Configurable Accounting

Accounting Power
8.5
MYOB
7.2
Accounts payable
Accounting Power
9.0
MYOB
6.5
Accounts receivable
Accounting Power
9.0
MYOB
6.5
Cash management
Accounting Power
8.0
MYOB
6.5
Bank reconciliation
Accounting Power
10.0
MYOB
7.0
Expense management
Accounting Power
9.0
MYOB
9.0
Multi-division support
Accounting Power
6.0
MYOB
7.0
Journals and Reconciliations
Accounting Power
8.0
MYOB
6.5
Standardized Processes
Accounting Power
9.0
MYOB
Time tracking
Accounting Power
MYOB
6.0
Fixed asset management
Accounting Power
MYOB
8.0
Multi-currency support
Accounting Power
MYOB
6.0
Regulations compliance
Accounting Power
MYOB
7.0
Electronic tax filing
Accounting Power
MYOB
8.0
Self-service portal
Accounting Power
MYOB
4.5
Global Financial Support
Accounting Power
MYOB
8.0
Primary and Secondary Ledgers
Accounting Power
MYOB
8.0
Intercompany Accounting
Accounting Power
MYOB
8.0
Localizations
Accounting Power
MYOB
8.0
Enterprise Accounting
Accounting Power
MYOB
8.0
Configurable Accounting
Accounting Power
MYOB
8.0

Payroll Management

Accounting Power
MYOB
7.7
Pay calculation
Accounting Power
MYOB
7.5
Benefit plan administration
Accounting Power
MYOB
8.0
Direct deposit files
Accounting Power
MYOB
8.0
Salary revision and increment management
Accounting Power
MYOB
8.0
Reimbursement management
Accounting Power
MYOB
7.0

Customization

Accounting Power
MYOB
4.5
API for custom integration
Accounting Power
MYOB
4.0
Plug-ins
Accounting Power
MYOB
5.0

Inventory Management

Accounting Power
MYOB
7.3
Inventory tracking
Accounting Power
MYOB
8.0
Automatic reordering
Accounting Power
MYOB
8.0
Location management
Accounting Power
MYOB
7.0
Manufacturing module
Accounting Power
MYOB
6.0

Order Management

Accounting Power
MYOB
4.9
Pricing
Accounting Power
MYOB
6.1
Order entry
Accounting Power
MYOB
6.5
Credit card processing
Accounting Power
MYOB
1.0
Cost of goods sold
Accounting Power
MYOB
6.0

Pros

Accounting Power

  • Simple layout
  • Logical menu and format
  • Flexibility in designing reports
  • Department/location accounting
Steven Brewer | TrustRadius Reviewer

MYOB

  • Their entire system functioned well with minimal to zero faults or hang-ups.
  • The inventory, payroll, A/P, A/R and sales tax features were easy to use and generated reports clear and concise.
Anonymous | TrustRadius Reviewer

Cons

Accounting Power

  • CPA firm's client interface for delivery of bills to pay
  • Better ACH payment options for bill payment
  • Additional layer of department/location allocation
Steven Brewer | TrustRadius Reviewer

MYOB

  • Allows the client to manipulate dates when that can screw up their books
  • constantly freezes which causes the file to be corrupt
  • force balances the balance sheet
Kati Hesley | TrustRadius Reviewer

Likelihood to Renew

Accounting Power

No score
No answers yet
No answers on this topic

MYOB

MYOB 9.5
Based on 2 answers
We have been looking in to other cloud based accounting options.
Anonymous | TrustRadius Reviewer

Usability

Accounting Power

Accounting Power 10.0
Based on 1 answer
It provides everything one needs for accounting services and then some at a price point that makes it very affordable.
Steven Brewer | TrustRadius Reviewer

MYOB

MYOB 6.5
Based on 3 answers
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.
Anonymous | TrustRadius Reviewer

Support Rating

Accounting Power

Accounting Power 7.0
Based on 1 answer
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."
Steven Brewer | TrustRadius Reviewer

MYOB

MYOB 5.5
Based on 3 answers
Poor customer service. Really easy to upgrade or register; however, an absolute pain if you have any issues or need to cancel.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Accounting Power

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

MYOB

MYOB is not a very good program (technically speaking), is far too slow and cumbersome, has hardly changed in 20 years, is not well supported and is far too expensive for what it is - don't buy it or use it - it is a waste of time and money and will let you down
Anonymous | TrustRadius Reviewer

Return on Investment

Accounting Power

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

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.
Stephen Lalla | TrustRadius Reviewer

Screenshots

Pricing Details

Accounting Power

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

MYOB

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Accounting Power
9.0
MYOB
4.9

Likelihood to Renew

Accounting Power
MYOB
9.5

Usability

Accounting Power
10.0
MYOB
6.5

Support Rating

Accounting Power
7.0
MYOB
5.5

Implementation Rating

Accounting Power
MYOB
5.0

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