AccountMate vs. MYOB

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AccountMate
Score 8.9 out of 10
N/A
AccountMate offers accounting software for small, midsize, or growing businesses. AccountMate SQL Software is specifically for businesses with high transaction volumes and heavy user loads. It can accommodate hundreds of simultaneous users, providing businesses with a comprehensive, real-time business and financial management solution. AccountMate Express Software is designed for businesses with up to five concurrent users that desire the stability and speed of a SQL database…N/A
MYOB
Score 5.1 out of 10
N/A
MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks.N/A
Pricing
AccountMateMYOB
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AccountMateMYOB
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
AccountMateMYOB
Payroll Management
Comparison of Payroll Management features of Product A and Product B
AccountMate
8.8
1 Ratings
16% above category average
MYOB
6.9
11 Ratings
8% below category average
Pay calculation10.01 Ratings7.211 Ratings
Direct deposit files9.01 Ratings7.09 Ratings
Salary revision and increment management8.01 Ratings6.97 Ratings
Reimbursement management8.01 Ratings6.87 Ratings
Benefit plan administration00 Ratings6.97 Ratings
Security
Comparison of Security features of Product A and Product B
AccountMate
9.0
1 Ratings
14% above category average
MYOB
7.0
11 Ratings
12% below category average
Single sign-on capability9.01 Ratings6.910 Ratings
Role-based user permissions00 Ratings7.111 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
AccountMate
7.0
1 Ratings
8% below category average
MYOB
5.9
11 Ratings
25% below category average
Dashboards6.01 Ratings6.010 Ratings
Standard reports9.01 Ratings6.011 Ratings
Custom reports6.01 Ratings5.710 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
AccountMate
7.6
1 Ratings
2% above category average
MYOB
4.8
15 Ratings
43% below category average
Accounts payable8.01 Ratings5.915 Ratings
Accounts receivable9.01 Ratings5.915 Ratings
Cash management7.01 Ratings5.314 Ratings
Bank reconciliation8.01 Ratings5.815 Ratings
Expense management9.01 Ratings6.111 Ratings
Time tracking7.01 Ratings6.26 Ratings
Multi-currency support7.01 Ratings2.07 Ratings
Multi-division support9.01 Ratings2.16 Ratings
Regulations compliance7.01 Ratings4.88 Ratings
Electronic tax filing8.01 Ratings5.19 Ratings
Global Financial Support8.01 Ratings6.35 Ratings
Intercompany Accounting5.01 Ratings2.15 Ratings
Journals and Reconciliations8.01 Ratings5.311 Ratings
Enterprise Accounting7.01 Ratings2.94 Ratings
Configurable Accounting7.01 Ratings4.88 Ratings
Standardized Processes7.01 Ratings5.77 Ratings
Fixed asset management00 Ratings4.88 Ratings
Self-service portal00 Ratings6.27 Ratings
Primary and Secondary Ledgers00 Ratings5.67 Ratings
Localizations00 Ratings6.35 Ratings
Centralized Rules Framework00 Ratings2.53 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
AccountMate
8.0
1 Ratings
13% above category average
MYOB
3.8
8 Ratings
60% below category average
Inventory tracking9.01 Ratings6.58 Ratings
Automatic reordering8.01 Ratings2.95 Ratings
Manufacturing module7.01 Ratings2.85 Ratings
Location management00 Ratings2.85 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
AccountMate
8.6
1 Ratings
15% above category average
MYOB
6.2
6 Ratings
18% below category average
Pricing8.01 Ratings6.26 Ratings
Order entry9.01 Ratings6.26 Ratings
Credit card processing9.01 Ratings6.25 Ratings
Cost of goods sold9.01 Ratings6.26 Ratings
End-to-end order visibility8.01 Ratings6.24 Ratings
Order Orchestration00 Ratings6.24 Ratings
Order exception Resolution00 Ratings6.24 Ratings
Customization
Comparison of Customization features of Product A and Product B
AccountMate
9.0
1 Ratings
24% above category average
MYOB
6.0
6 Ratings
16% below category average
Plug-ins9.01 Ratings6.25 Ratings
API for custom integration00 Ratings5.86 Ratings
Best Alternatives
AccountMateMYOB
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AccountMateMYOB
Likelihood to Recommend
10.0
(1 ratings)
2.8
(18 ratings)
Likelihood to Renew
-
(0 ratings)
9.5
(2 ratings)
Usability
-
(0 ratings)
3.1
(14 ratings)
Support Rating
-
(0 ratings)
2.8
(14 ratings)
Implementation Rating
-
(0 ratings)
5.0
(1 ratings)
Ease of integration
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
AccountMateMYOB
Likelihood to Recommend
AccountMate
AccountMate is a great product for wholesale and distributors. It manages the inventory cycles comprehensively, from purchasing to stocking, to sales and delivery. There are a great many tools available to manage inventory, properties, and financials. The availability to have third-party add-ons offers even greater opportunities to meet the needs of the end-user. The system is not really suited for certain types of service industries: legal, medical, and those businesses that invoice on time.
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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.
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Pros
AccountMate
  • Ease of use
  • Ability to easily adapt the solution to fit the needs of the end user
  • Integration of data across different platforms
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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.
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Cons
AccountMate
  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
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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
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Likelihood to Renew
AccountMate
No answers on this topic
MYOB
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
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Usability
AccountMate
No answers on this topic
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.
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Support Rating
AccountMate
No answers on this topic
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.
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Alternatives Considered
AccountMate
We use AccountMate for a number of reasons, particularly its ease of use and the ability to customize any part of the system (with source code residing on the end-user system--a HUGE advantage).
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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.
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Return on Investment
AccountMate
  • Allows us to quickly gain insight into the current and past performance of the company
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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.
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