MYOB

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
MYOB
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
MYOB
Free Trial
No
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 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.
Chose MYOB
better than Xero in several ways. Easy to use (if you can get it working by yourself without any support)
Chose MYOB
I am sure anything would be better
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.
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.
Chose MYOB
We use deputy for timesheets, and it is much better than MYOB
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 …
Chose MYOB
Better platform, similar pricing, and much better customer communications and service.
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 …
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.
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.
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.
Top Pros
Top Cons
Features
MYOB
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
7.0
11 Ratings
7% below category average
Pay calculation7.211 Ratings
Benefit plan administration6.97 Ratings
Direct deposit files7.09 Ratings
Salary revision and increment management6.97 Ratings
Reimbursement management6.87 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
6.0
6 Ratings
16% below category average
API for custom integration5.96 Ratings
Plug-ins6.25 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
7.0
11 Ratings
13% below category average
Single sign-on capability6.910 Ratings
Role-based user permissions7.111 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
5.9
11 Ratings
25% below category average
Dashboards6.010 Ratings
Standard reports6.011 Ratings
Custom reports5.710 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
4.8
15 Ratings
43% below category average
Accounts payable5.915 Ratings
Accounts receivable5.915 Ratings
Cash management5.314 Ratings
Bank reconciliation5.815 Ratings
Expense management6.111 Ratings
Time tracking6.26 Ratings
Fixed asset management4.88 Ratings
Multi-currency support2.07 Ratings
Multi-division support2.16 Ratings
Regulations compliance4.88 Ratings
Electronic tax filing5.19 Ratings
Self-service portal6.27 Ratings
Global Financial Support6.35 Ratings
Primary and Secondary Ledgers5.67 Ratings
Intercompany Accounting2.15 Ratings
Localizations6.35 Ratings
Journals and Reconciliations5.311 Ratings
Enterprise Accounting2.94 Ratings
Configurable Accounting4.88 Ratings
Centralized Rules Framework2.53 Ratings
Standardized Processes5.77 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
3.8
8 Ratings
60% below category average
Inventory tracking6.68 Ratings
Automatic reordering2.95 Ratings
Location management2.85 Ratings
Manufacturing module2.75 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
6.2
6 Ratings
17% below category average
Pricing6.26 Ratings
Order entry6.26 Ratings
Credit card processing6.25 Ratings
Cost of goods sold6.26 Ratings
Order Orchestration6.24 Ratings
End-to-end order visibility6.24 Ratings
Order exception Resolution6.24 Ratings
Best Alternatives
MYOB
Small Businesses
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
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
All AlternativesView all alternatives
User Ratings
MYOB
Likelihood to Recommend
2.6
(18 ratings)
Likelihood to Renew
9.5
(2 ratings)
Usability
2.8
(14 ratings)
Support Rating
2.5
(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.
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.
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
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
Read full review
Usability
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.
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.
Read full review
Return on Investment
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.
Read full review
ScreenShots