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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    FreeAgent

    Score5.5 out of 10
    N/AFreeAgent is an cloud-based accounting system designed for small businesses and freelancers. FreeAgent supports many core accounting features and bank reconciliation, payroll, tax management, project level accounting, and multiple currency support. It is mobile-accessible, and integrates with many apps.

    $13.50

    per month

    MYOB

    Score8.3 out of 10
    N/AMYOB 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.

    $11

    per month

    Pricing
    FreeAgentMYOB
    Editions & Modules
    FreeAgent
    $13.50
    per month
    FreeAgent
    $135
    per year
    Solo
    $11
    per month
    Lite
    $34
    per month
    Pro
    $63
    per month
    Premier
    $88.50
    per month
    Account Right Plus
    $150
    per month
    Offerings
    Pricing Offerings
    FreeAgentMYOB
    Free Trial
    YesYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    FreeAgentMYOB
    Considered Both Products
    FreeAgent
    No answer on this topic
    MYOB
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    50%
    Would buy again
    7 Answers
    Delivers good value for the price
    No answers on this topic
    50%
    Delivers good value for the price
    6 Answers
    Happy with the feature set
    No answers on this topic
    71%
    Happy with the feature set
    10 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    50%
    Lived up to sales and marketing promises
    7 Answers
    Implementation went as expected
    No answers on this topic
    64%
    Implementation went as expected
    9 Answers
    Features
    FreeAgentMYOB
    Payroll Management
    Comparison of Payroll Management features of FreeAgent and MYOB
    Feature
    FreeAgent
    8.6
    13 Ratings
    13% above category average
    MYOB
    10.0
    12 Ratings
    28% above category average
    Pay calculation8.012 Ratings10.012 Ratings
    Benefit plan administration8.56 Ratings10.08 Ratings
    Direct deposit files8.92 Ratings10.010 Ratings
    Salary revision and increment management8.86 Ratings10.08 Ratings
    Reimbursement management8.78 Ratings10.08 Ratings
    Customization
    Comparison of Customization features of FreeAgent and MYOB
    Feature
    FreeAgent
    6.7
    13 Ratings
    12% below category average
    MYOB
    10.0
    7 Ratings
    28% above category average
    API for custom integration4.59 Ratings10.07 Ratings
    Plug-ins8.912 Ratings10.06 Ratings
    Security
    Comparison of Security features of FreeAgent and MYOB
    Feature
    FreeAgent
    8.5
    14 Ratings
    4% above category average
    MYOB
    10.0
    12 Ratings
    20% above category average
    Single sign-on capability9.013 Ratings10.011 Ratings
    Role-based user permissions8.013 Ratings10.012 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of FreeAgent and MYOB
    Feature
    FreeAgent
    6.4
    23 Ratings
    20% below category average
    MYOB
    10.0
    12 Ratings
    24% above category average
    Dashboards7.121 Ratings10.011 Ratings
    Standard reports7.621 Ratings10.012 Ratings
    Custom reports4.410 Ratings10.011 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of FreeAgent and MYOB
    Feature
    FreeAgent
    8.7
    25 Ratings
    13% above category average
    MYOB
    9.1
    16 Ratings
    18% above category average
    Accounts payable8.020 Ratings10.016 Ratings
    Accounts receivable8.522 Ratings10.016 Ratings
    Cash management8.520 Ratings10.015 Ratings
    Bank reconciliation9.020 Ratings10.016 Ratings
    Expense management8.924 Ratings10.012 Ratings
    Time tracking9.018 Ratings6.07 Ratings
    Fixed asset management8.611 Ratings10.09 Ratings
    Multi-currency support8.110 Ratings10.08 Ratings
    Multi-division support9.05 Ratings10.07 Ratings
    Regulations compliance8.78 Ratings10.09 Ratings
    Electronic tax filing9.120 Ratings5.19 Ratings
    Self-service portal9.011 Ratings6.37 Ratings
    Journals and Reconciliations8.01 Ratings10.012 Ratings
    Global Financial Support00 Ratings10.06 Ratings
    Primary and Secondary Ledgers00 Ratings10.08 Ratings
    Intercompany Accounting00 Ratings10.06 Ratings
    Localizations00 Ratings10.06 Ratings
    Enterprise Accounting00 Ratings2.84 Ratings
    Configurable Accounting00 Ratings10.09 Ratings
    Centralized Rules Framework00 Ratings10.04 Ratings
    Standardized Processes00 Ratings10.08 Ratings
    Inventory Management
    Comparison of Inventory Management features of FreeAgent and MYOB
    Feature
    FreeAgent
    7.4
    4 Ratings
    2% above category average
    MYOB
    10.0
    9 Ratings
    31% above category average
    Inventory tracking7.72 Ratings10.09 Ratings
    Automatic reordering8.21 Ratings10.06 Ratings
    Location management4.51 Ratings10.06 Ratings
    Manufacturing module9.11 Ratings10.06 Ratings
    Order Management
    Comparison of Order Management features of FreeAgent and MYOB
    Feature
    FreeAgent
    8.1
    13 Ratings
    9% above category average
    MYOB
    10.0
    7 Ratings
    30% above category average
    Pricing8.19 Ratings10.07 Ratings
    Order entry6.82 Ratings10.07 Ratings
    Credit card processing8.25 Ratings10.06 Ratings
    Cost of goods sold9.13 Ratings10.07 Ratings
    Order Orchestration00 Ratings10.05 Ratings
    End-to-end order visibility00 Ratings10.05 Ratings
    Order exception Resolution00 Ratings10.05 Ratings
    Best Alternatives
    FreeAgentMYOB
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    Medium-sized Companies
    MYOB
    Score8.3 out of 10
    Accounting Seed
    Score9 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    Microsoft Dynamics GP
    Score5.4 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FreeAgentMYOB
    Likelihood to Recommend
    8.0
    (25 ratings)
    9.0
    (19 ratings)
    Likelihood to Renew
    9.0
    (1 ratings)
    9.5
    (2 ratings)
    Usability
    8.5
    (6 ratings)
    10.0
    (15 ratings)
    Availability
    8.9
    (5 ratings)
    -
    (0 ratings)
    Performance
    9.1
    (1 ratings)
    -
    (0 ratings)
    Support Rating
    1.0
    (1 ratings)
    1.2
    (14 ratings)
    Implementation Rating
    1.0
    (1 ratings)
    5.0
    (1 ratings)
    CPA Rating
    9.1
    (1 ratings)
    -
    (0 ratings)
    Ease of integration
    -
    (0 ratings)
    1.0
    (1 ratings)
    Product Scalability
    8.2
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    FreeAgentMYOB
    Likelihood to Recommend
    FreeAgent
    For micro and small business it is a great solution. The new requirements for MTD for landlords could also be met with this software. Groups and more complex businesses could not use the accounts and tax returns features, however they still could use it for bookkeeping and then export the data to other tax and accounts production software.
    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.
    Incentivized
    Read full review
    Pros
    FreeAgent
    • Accounting! As you'd expect. Makes it much simpler andmore cost effective. In-coming and out-goings are recorded and assigned to projects and accounts. My accountant can access my books and reconcile so much more easily than trawling through spreadsheets.
    • Time billing - time spent on projects/client work is recorded and is ready to be invoiced as required. Saves so much time and prevents inaccuracies.
    • Invoicing - again, it should do this well and it does. Non payment reminders are automatic and clients have no excuses for not knowing the status of their account.
    • Account dashboard - gives me an instant overview of the health of the business (am I on track to meet my yearly targets) and my accounts.
    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.
    Incentivized
    Read full review
    Cons
    FreeAgent
    • Reporting on financials, time tracking and project status is a little poor. It's adequate for what what we need, but would be great to see more advanced features.
    • API is quite closed so cannot integrate with our other project management tools.
    Incentivized
    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
    Incentivized
    Read full review
    Likelihood to Renew
    FreeAgent
    We have used Freeagent for many years now and it serves us well for our needs. To change it would mean a lot of work, and this would most likely only happen if the cost became prohibitive to us.
    Incentivized
    Read full review
    MYOB
    Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
    Incentivized
    Read full review
    Usability
    FreeAgent
    It is a great software that does everything we need for small business clients. It allows to keep the books in a cloud from bookkeeping to accounts production and tax returns, all in one software. There are no major drawbacks and I would highly recommend it for most of our clients.
    Incentivized
    Read full review
    MYOB
    Still 10 for me, I have no problem at all using this toll even it hangs sometimes, I need to log in again to refresh it and it always ask to update the MYOB app. i Also like the security of this platform, iT always asks for the code (before logging in.
    Incentivized
    Read full review
    Reliability and Availability
    FreeAgent
    Based in a cloud and never had any issues with down time. I can access from any device
    Read full review
    MYOB
    No answers on this topic
    Support Rating
    FreeAgent
    I have never personally used support
    Incentivized
    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
    FreeAgent
    Did not participate
    Incentivized
    Read full review
    MYOB
    No answers on this topic
    Alternatives Considered
    FreeAgent
    I have used and tested out many other systems. I was looking at Xero for my accounting system but at the time I chose FreeAgent because of the way it handles the recording of dividends and the inbuilt time recording. The others I trialed were good and many of them cheaper. FreeAgent best suited my requirements at the time.
    Incentivized
    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.
    Incentivized
    Read full review
    Return on Investment
    FreeAgent
    • Professional and uniform offering providing great confident customer service. My clients love it, whether they use it a little or a lot. It's a great piece of software - while sophisticated, it's straightforward to use.
    • Time saving and efficient use of my team's time. Being able to easily share and compare work / tasks.
    Read full review
    MYOB
    • Made a life a lot easier by removing a lot of separate entries in multiple excel sheets
    • With all of the relevant information in one place, it is easier to process payments.
    • Most of the business only have one person doing the payroll compared to the team effort.
    Incentivized
    Read full review
    ScreenShots