Microsoft Dynamics GP is an ERP software with accounting capabilities. It includes various packs for customizability and features tailored to specific industries’ needs. GP is offered as a perpetual license or subscription.
N/A
MYOB
Score 7.3 out of 10
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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.
$11
per month
Pricing
Microsoft Dynamics GP
MYOB
Editions & Modules
No answers on this topic
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
Microsoft Dynamics GP
MYOB
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Microsoft Dynamics GP
MYOB
Features
Microsoft Dynamics GP
MYOB
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Dynamics GP
6.8
18 Ratings
11% below category average
MYOB
10.0
12 Ratings
28% above category average
Pay calculation
7.017 Ratings
10.012 Ratings
Benefit plan administration
7.013 Ratings
10.08 Ratings
Direct deposit files
7.016 Ratings
10.010 Ratings
Salary revision and increment management
7.015 Ratings
10.08 Ratings
Reimbursement management
6.014 Ratings
10.08 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics GP
7.0
25 Ratings
10% below category average
MYOB
10.0
7 Ratings
26% above category average
API for custom integration
7.024 Ratings
10.07 Ratings
Plug-ins
7.019 Ratings
10.06 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics GP
8.5
37 Ratings
3% above category average
MYOB
10.0
12 Ratings
20% above category average
Single sign-on capability
8.030 Ratings
10.011 Ratings
Role-based user permissions
9.037 Ratings
10.012 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics GP
6.0
38 Ratings
27% below category average
MYOB
10.0
12 Ratings
24% above category average
Dashboards
4.026 Ratings
10.011 Ratings
Standard reports
7.036 Ratings
10.012 Ratings
Custom reports
7.036 Ratings
10.011 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Dynamics GP
6.4
45 Ratings
17% below category average
MYOB
9.1
16 Ratings
18% above category average
Accounts payable
8.042 Ratings
10.016 Ratings
Accounts receivable
8.033 Ratings
10.016 Ratings
Cash management
8.033 Ratings
10.015 Ratings
Bank reconciliation
7.038 Ratings
10.016 Ratings
Expense management
5.028 Ratings
10.012 Ratings
Time tracking
7.013 Ratings
6.07 Ratings
Fixed asset management
6.026 Ratings
10.09 Ratings
Multi-currency support
4.018 Ratings
10.08 Ratings
Multi-division support
7.025 Ratings
10.07 Ratings
Regulations compliance
4.012 Ratings
10.09 Ratings
Electronic tax filing
7.011 Ratings
5.19 Ratings
Self-service portal
7.012 Ratings
6.37 Ratings
Global Financial Support
6.07 Ratings
10.06 Ratings
Primary and Secondary Ledgers
7.018 Ratings
10.08 Ratings
Intercompany Accounting
5.017 Ratings
10.06 Ratings
Localizations
8.011 Ratings
10.06 Ratings
Journals and Reconciliations
6.023 Ratings
10.012 Ratings
Enterprise Accounting
4.015 Ratings
2.84 Ratings
Configurable Accounting
8.015 Ratings
10.09 Ratings
Centralized Rules Framework
6.013 Ratings
10.04 Ratings
Standardized Processes
7.016 Ratings
10.08 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics GP
7.8
25 Ratings
3% above category average
MYOB
10.0
9 Ratings
28% above category average
Inventory tracking
9.023 Ratings
10.09 Ratings
Automatic reordering
6.012 Ratings
10.06 Ratings
Location management
8.017 Ratings
10.06 Ratings
Manufacturing module
9.014 Ratings
10.06 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
A large company where users have one function- for instance, where someone only receives or works in payables. That minimizes the number of windows they need. A smaller company where one user does multiple functions will require a lot more training and user knowledge to navigate, and it makes it harder to secure users. You also have to understand that GP started life as Great Plains, designed for accountants. The other modules were added on after Microsoft bought Great Plains, which means that modules like Manufacturing are red-headed step children with much smaller support ecosystems. So, if you're starting fresh, you may want to look at something built for the mobile world. D365 and Business Central are a lot more money, buggy, and hard to customize and essentially still vaporware. Microsoft is heavily investing there, leading to the previously mentioned question about the future of GP. If I was starting today I would be hard pressed to justify jumping into GP in a world where Salesforce ties in with so many programs. GP has MRP but it is limited so it's hard to justify a manufacturer starting with GP today.
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.
Able to be extended into multiple areas of your business
One feature we have been using for a few years is EFT for payables - it has significantly reduced the time spent paying vendors and reduced our check printing and mailing costs. It is very easy to setup and use.
With respect to the allocations, once the expense is entered into the allocation account, you lose the ability to run any detail on just the total of the expense. It would be nice if you could run a trial balance on the allocation accounts the same way you can with regular accounts.
I've always thought security set up could be a bit simpler. It actually has gotten better through the years. Specifically, with eight separate entities, it would be nice to have a "master" setup where you could call up one group entity, assign the users rights, and then be finished. Currently, whenever I have a new user, I have to call up each individual entity and select all of the features I want the user to have. That means I have to do eight steps for each user.
Due the economic challenges that Puerto Rico is having, the company has had to merge some companies in order to be more efficient. It has been easy in GP to process those merges, even thought we had to spend days to accomplish that the process was smooth and accurate. In addition we were able to streamline the purchasing and sales process and the organization is confident to keep renewing GP for the future versions.
Though it is a basic accounting package, I believe some users do not find the old style menus and navigation options intuitive. There is also a great lack of training resources in the market, so users have to learn the product without guidance a lot, resulting in inefficient workflows and misuse or misunderstanding of many features.
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.
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.
Basically the challenge with this implementation was the Business Portal, too many errors and even the aplication is up and running the users are still having issues. We will start planning the migraton to GP 2015 soon.
I come from a strong background of using SAP. SAP doesn't have the flexibility of GP, an example would be SAP doesn't allow core mods, if they catch you, you lose support. Microsoft doesn't really care about mods, but they will be quick to have the vendor you used support your issue if it is caused by those mods. With SAP your company adapts to the software, where with GP you adapt the software to you.
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.
Microsoft Dynamics GP allows my clients to move from a paper or spreadsheet based company to an integrated, electronic, streamlined business. I love being able to help clients gain efficiencies through the use of Microsoft Dynamics GP.
Microsoft Dynamics GP allows for better customer service because everything is at our fingertips. If someone calls questioning an invoice, we can easily look it up. If someone calls stating they paid an invoice with a certain check number, we can quickly run a query to find that particular check number to see where it was applied.
Having everything on a single platform provides ease of use for upgrades, backups and end user training. There is only one software to learn!