MYOB

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
MYOB	Score 7.2 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.	$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 Fee

No setup fee

Additional Details

—

More Pricing Information

Community Pulse
	MYOB
Considered Both Products	MYOB Rikki Mae Corpuz Accountant 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 Helpful? SB Simon Bowen Managing Director 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 Helpful? PT Paul Thompson Finance Manager Chose MYOB better than Xero in several ways. Easy to use (if you can get it working by yourself without any support) Helpful? Verified User Manager Chose MYOB I am sure anything would be better Helpful? Sandra Karamitelios Director Chose MYOB The invoicing is much easier on Quickbooks - I currently use both. Incentivized Helpful? Julia Billyard J.P. Owner / Games Master 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 Helpful? HR Herman Rusdy Software Engineer 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 Helpful? Verified User Director Chose MYOB We use deputy for timesheets, and it is much better than MYOB Incentivized Helpful? Verified User Engineer 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 Helpful? Verified User Director Chose MYOB Better platform, similar pricing, and much better customer communications and service. Helpful? Stephen Lalla CEO 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 Helpful? Verified User Administrator 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. Helpful? Kati Hesley Staff Accountant 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 Helpful? Verified User Administrative Assistant 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 Helpful?

Features

MYOB

Payroll Management

Comparison of Payroll Management features of Product A and Product B
	MYOB 10.0 12 Ratings 28% above category average
Pay calculation	10.012 Ratings
Benefit plan administration	10.08 Ratings
Direct deposit files	10.010 Ratings
Salary revision and increment management	10.08 Ratings
Reimbursement management	10.08 Ratings

Customization

Comparison of Customization features of Product A and Product B
	MYOB 10.0 7 Ratings 26% above category average
API for custom integration	10.07 Ratings
Plug-ins	10.06 Ratings

Security

Comparison of Security features of Product A and Product B
	MYOB 10.0 12 Ratings 20% above category average
Single sign-on capability	10.011 Ratings
Role-based user permissions	10.012 Ratings

Reporting & Analytics

Comparison of Reporting & Analytics features of Product A and Product B
	MYOB 10.0 12 Ratings 24% above category average
Dashboards	10.011 Ratings
Standard reports	10.012 Ratings
Custom reports	10.011 Ratings

General Ledger and Configurable Accounting

Comparison of General Ledger and Configurable Accounting features of Product A and Product B
	MYOB 9.1 16 Ratings 18% above category average
Accounts payable	10.016 Ratings
Accounts receivable	10.016 Ratings
Cash management	10.015 Ratings
Bank reconciliation	10.016 Ratings
Expense management	10.012 Ratings
Time tracking	6.07 Ratings
Fixed asset management	10.09 Ratings
Multi-currency support	10.08 Ratings
Multi-division support	10.07 Ratings
Regulations compliance	10.09 Ratings
Electronic tax filing	5.19 Ratings
Self-service portal	6.37 Ratings
Global Financial Support	10.06 Ratings
Primary and Secondary Ledgers	10.08 Ratings
Intercompany Accounting	10.06 Ratings
Localizations	10.06 Ratings
Journals and Reconciliations	10.012 Ratings
Enterprise Accounting	2.84 Ratings
Configurable Accounting	10.09 Ratings
Centralized Rules Framework	10.04 Ratings
Standardized Processes	10.08 Ratings

Inventory Management

Comparison of Inventory Management features of Product A and Product B
	MYOB 10.0 9 Ratings 28% above category average
Inventory tracking	10.09 Ratings
Automatic reordering	10.06 Ratings
Location management	10.06 Ratings
Manufacturing module	10.06 Ratings

Order Management

Comparison of Order Management features of Product A and Product B
	MYOB 10.0 7 Ratings 27% above category average
Pricing	10.07 Ratings
Order entry	10.07 Ratings
Credit card processing	10.06 Ratings
Cost of goods sold	10.07 Ratings
Order Orchestration	10.05 Ratings
End-to-end order visibility	10.05 Ratings
Order exception Resolution	10.05 Ratings

Best Alternatives
	MYOB
Small Businesses	QuickBooks Self-Employed (discontinued) Score 9.0 out of 10
Medium-sized Companies	Zoho Books Score 9.1 out of 10
Enterprises	SAP S/4HANA Cloud Score 8.5 out of 10
All Alternatives	View all alternatives

User Ratings
	MYOB
Likelihood to Recommend	8.8 (19 ratings)
Likelihood to Renew	9.5 (2 ratings)
Usability	9.8 (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 SB Simon Bowen Managing Director 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 Verified User Anonymous 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 Verified User Anonymous 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 Kati Hesley Staff Accountant 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 Rikki Mae Corpuz Accountant 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. Verified User Anonymous 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 Stephen Lalla CEO 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 Verified User Anonymous Read full review
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