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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    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
    MYOB
    Editions & Modules
    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
    MYOB
    Free Trial
    Yes
    Free/Freemium Version
    No
    Premium Consulting/Integration Services
    No
    Entry-level Setup FeeNo setup fee
    Additional Details—
    More Pricing Information
    Community Pulse
    MYOB
    Considered Both Products
    MYOB
    Chose MYOB
    I selected MYOB because most of our clients are using this tool, this is the most convenient accounting software for them that's why we adopted MYOB app and MYOB website. We also covered a training for our clients to make them see that this accounting tool is easily to use.
    Incentivized
    Chose MYOB
    I found Xero just a little to plain for my liking, I went with MYOB for my second business as it was easier to do this, and I already knew how it all worked. Xero does have a few features that are pretty good, but overall I think MYOB is a better product.
    Incentivized
    Chose MYOB
    better than Xero in several ways. Easy to use (if you can get it working by yourself without any support)
    Incentivized
    Chose MYOB
    I am sure anything would be better
    Incentivized
    Chose MYOB
    The invoicing is much easier on Quickbooks - I currently use both.
    Incentivized
    Chose MYOB
    I did a trial run on Xero I had trouble finding how to set up things, the customer support was terrible. The support you get from MYOB when you need it is really good.
    Incentivized
    Chose MYOB
    the feature, reporting are much better than Saasu. from developer's perspective, MYOB also allows us to pull the data a lot. Unlike Saasu where it limits the users to retrieve data on daily basis. There is a cost to use MYOB, but definitely worth it.
    Incentivized
    Chose MYOB
    We use deputy for timesheets, and it is much better than MYOB
    Incentivized
    Chose MYOB
    Some of my clients switched to Xero as they were using MYOB ACE payroll before but ACE payroll is a workstation based application which is not supported on Microsoft Server 2016 or Microsoft Server 2019. The only upgrade was the essentials and essentials plus but it was …
    Incentivized
    Chose MYOB
    Better platform, similar pricing, and much better customer communications and service.
    Incentivized
    Chose 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 …
    Incentivized
    Chose 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.
    Incentivized
    Chose MYOB
    It was selected only because it works with MAC. I prefer Thomson Reuter softwares. Software like QuickBooks and MYOB allows uneducated clients to manipulate their numbers when they shouldn't. This makes more work for everyone.
    Incentivized
    Chose MYOB
    MYOB may have other options that are cloud based and better for business as they make simple, easy to use software. We used the database version locally on our machines and it was difficult for our sales and accounting as only one person can edit at any given time.
    Incentivized
    Key User Insights
    Would buy again
    50%
    Would buy again
    7 Answers
    Delivers good value for the price
    50%
    Delivers good value for the price
    6 Answers
    Happy with the feature set
    71%
    Happy with the feature set
    10 Answers
    Lived up to sales and marketing promises
    50%
    Lived up to sales and marketing promises
    7 Answers
    Implementation went as expected
    64%
    Implementation went as expected
    9 Answers
    Features
    MYOB
    Payroll Management
    Comparison of Payroll Management features of MYOB
    Feature
    MYOB
    10.0
    12 Ratings
    28% above category average
    Pay calculation10.012 Ratings
    Benefit plan administration10.08 Ratings
    Direct deposit files10.010 Ratings
    Salary revision and increment management10.08 Ratings
    Reimbursement management10.08 Ratings
    Customization
    Comparison of Customization features of MYOB
    Feature
    MYOB
    10.0
    7 Ratings
    28% above category average
    API for custom integration10.07 Ratings
    Plug-ins10.06 Ratings
    Security
    Comparison of Security features of MYOB
    Feature
    MYOB
    10.0
    12 Ratings
    20% above category average
    Single sign-on capability10.011 Ratings
    Role-based user permissions10.012 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of MYOB
    Feature
    MYOB
    10.0
    12 Ratings
    24% above category average
    Dashboards10.011 Ratings
    Standard reports10.012 Ratings
    Custom reports10.011 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of MYOB
    Feature
    MYOB
    9.1
    16 Ratings
    18% above category average
    Accounts payable10.016 Ratings
    Accounts receivable10.016 Ratings
    Cash management10.015 Ratings
    Bank reconciliation10.016 Ratings
    Expense management10.012 Ratings
    Time tracking6.07 Ratings
    Fixed asset management10.09 Ratings
    Multi-currency support10.08 Ratings
    Multi-division support10.07 Ratings
    Regulations compliance10.09 Ratings
    Electronic tax filing5.19 Ratings
    Self-service portal6.37 Ratings
    Global Financial Support10.06 Ratings
    Primary and Secondary Ledgers10.08 Ratings
    Intercompany Accounting10.06 Ratings
    Localizations10.06 Ratings
    Journals and Reconciliations10.012 Ratings
    Enterprise Accounting2.84 Ratings
    Configurable Accounting10.09 Ratings
    Centralized Rules Framework10.04 Ratings
    Standardized Processes10.08 Ratings
    Inventory Management
    Comparison of Inventory Management features of MYOB
    Feature
    MYOB
    10.0
    9 Ratings
    32% above category average
    Inventory tracking10.09 Ratings
    Automatic reordering10.06 Ratings
    Location management10.06 Ratings
    Manufacturing module10.06 Ratings
    Order Management
    Comparison of Order Management features of MYOB
    Feature
    MYOB
    10.0
    7 Ratings
    30% above category average
    Pricing10.07 Ratings
    Order entry10.07 Ratings
    Credit card processing10.06 Ratings
    Cost of goods sold10.07 Ratings
    Order Orchestration10.05 Ratings
    End-to-end order visibility10.05 Ratings
    Order exception Resolution10.05 Ratings
    Best Alternatives
    MYOB
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.1 out of 10
    Medium-sized Companies
    Accounting Seed
    Score9 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    All AlternativesView all alternatives
    User Ratings
    MYOB
    Likelihood to Recommend
    9.0
    (19 ratings)
    Likelihood to Renew
    9.5
    (2 ratings)
    Usability
    10.0
    (15 ratings)
    Support Rating
    1.2
    (14 ratings)
    Implementation Rating
    5.0
    (1 ratings)
    Ease of integration
    1.0
    (1 ratings)
    User Testimonials
    MYOB
    Likelihood to Recommend
    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
    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
    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
    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
    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
    Support Rating
    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
    Alternatives Considered
    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
    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