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
Odoo
Score 7.5 out of 10
Mid-Size Companies (51-1,000 employees)
Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.
$31.10
per month per user
Pricing
MYOB
Odoo
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
Standard
$31.10
per month per user
Custom
$46.70
per month per user
Offerings
Pricing Offerings
MYOB
Odoo
Free Trial
Yes
Yes
Free/Freemium Version
No
Yes
Premium Consulting/Integration Services
No
Yes
Entry-level Setup Fee
No setup fee
-$49,321,250 per app/ per user/ per month
Additional Details
—
A discount is offered for new users for the first 12 months of use for the initial users purchased. ($24.90 instead of $31.10 for Standard)
More Pricing Information
Community Pulse
MYOB
Odoo
Features
MYOB
Odoo
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
12 Ratings
28% above category average
Odoo
5.3
10 Ratings
32% below category average
Pay calculation
10.012 Ratings
7.89 Ratings
Benefit plan administration
10.08 Ratings
8.08 Ratings
Direct deposit files
10.010 Ratings
8.89 Ratings
Salary revision and increment management
10.08 Ratings
00 Ratings
Reimbursement management
10.08 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
7 Ratings
28% above category average
Odoo
8.2
13 Ratings
10% above category average
API for custom integration
10.07 Ratings
8.311 Ratings
Plug-ins
10.06 Ratings
8.113 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
12 Ratings
20% above category average
Odoo
8.5
14 Ratings
2% above category average
Single sign-on capability
10.011 Ratings
9.410 Ratings
Role-based user permissions
10.012 Ratings
7.614 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
12 Ratings
25% above category average
Odoo
7.0
16 Ratings
5% below category average
Dashboards
10.011 Ratings
6.516 Ratings
Standard reports
10.012 Ratings
6.916 Ratings
Custom reports
10.011 Ratings
7.616 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
Odoo
4.7
13 Ratings
48% below category average
Accounts payable
10.016 Ratings
7.113 Ratings
Accounts receivable
10.016 Ratings
7.113 Ratings
Cash management
10.015 Ratings
00 Ratings
Bank reconciliation
10.016 Ratings
00 Ratings
Expense management
10.012 Ratings
00 Ratings
Time tracking
6.07 Ratings
00 Ratings
Fixed asset management
10.09 Ratings
00 Ratings
Multi-currency support
10.08 Ratings
00 Ratings
Multi-division support
10.07 Ratings
00 Ratings
Regulations compliance
10.09 Ratings
00 Ratings
Electronic tax filing
5.19 Ratings
00 Ratings
Self-service portal
6.37 Ratings
00 Ratings
Global Financial Support
10.06 Ratings
6.312 Ratings
Primary and Secondary Ledgers
10.08 Ratings
6.612 Ratings
Intercompany Accounting
10.06 Ratings
00 Ratings
Localizations
10.06 Ratings
00 Ratings
Journals and Reconciliations
10.012 Ratings
6.313 Ratings
Enterprise Accounting
2.84 Ratings
00 Ratings
Configurable Accounting
10.09 Ratings
7.013 Ratings
Centralized Rules Framework
10.04 Ratings
00 Ratings
Standardized Processes
10.08 Ratings
6.012 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
9 Ratings
31% above category average
Odoo
6.5
18 Ratings
20% below category average
Inventory tracking
10.09 Ratings
8.118 Ratings
Automatic reordering
10.06 Ratings
8.316 Ratings
Location management
10.06 Ratings
8.615 Ratings
Manufacturing module
10.06 Ratings
00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
7 Ratings
29% above category average
Odoo
6.1
16 Ratings
25% below category average
Pricing
10.07 Ratings
8.416 Ratings
Order entry
10.07 Ratings
8.416 Ratings
Credit card processing
10.06 Ratings
7.513 Ratings
Cost of goods sold
10.07 Ratings
8.314 Ratings
Order Orchestration
10.05 Ratings
7.912 Ratings
End-to-end order visibility
10.05 Ratings
00 Ratings
Order exception Resolution
10.05 Ratings
00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
MYOB
-
Ratings
Odoo
3.0
12 Ratings
85% below category average
Billing Management
00 Ratings
7.412 Ratings
Cash and Asset Management
00 Ratings
6.811 Ratings
Travel & Expense Management
00 Ratings
6.311 Ratings
Budgetary Control & Encumbrance Accounting
00 Ratings
5.210 Ratings
Period Close
00 Ratings
7.310 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
MYOB
-
Ratings
Odoo
1.0
6 Ratings
153% below category average
Budgeting and Forecasting
00 Ratings
1.06 Ratings
Project Costing
00 Ratings
1.05 Ratings
Cost Capture
00 Ratings
1.05 Ratings
Capital Project Management
00 Ratings
1.05 Ratings
Customer Contract Compliance
00 Ratings
1.05 Ratings
Project Revenue Recognition
00 Ratings
1.05 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
MYOB
-
Ratings
Odoo
3.1
8 Ratings
78% below category average
Project Planning and Scheduling
00 Ratings
9.38 Ratings
Task Insight for Project Managers
00 Ratings
9.37 Ratings
Project Mobile Functionality
00 Ratings
9.07 Ratings
Definable Resource Pools
00 Ratings
8.57 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
MYOB
-
Ratings
Odoo
3.2
8 Ratings
79% below category average
Award Lifecycle Management
00 Ratings
9.77 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
MYOB
-
Ratings
Odoo
7.6
11 Ratings
8% above category average
Bids Analyzed and Compared
00 Ratings
8.07 Ratings
Contract Authoring
00 Ratings
5.97 Ratings
Contract Repository
00 Ratings
6.77 Ratings
Requisitions-to-Purchase Orders Integrated
00 Ratings
7.810 Ratings
Supplier Management
00 Ratings
7.38 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
MYOB
-
Ratings
Odoo
9.7
5 Ratings
38% above category average
Risk Repository
00 Ratings
10.02 Ratings
Control Management
00 Ratings
9.85 Ratings
Control Efficiency Assessments
00 Ratings
9.74 Ratings
Issue Detection
00 Ratings
10.03 Ratings
Remediation and Certification
00 Ratings
10.02 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
MYOB
-
Ratings
Odoo
6.7
7 Ratings
2% below category average
Transportation Planning and Optimization
00 Ratings
8.85 Ratings
Transportation Execution Management
00 Ratings
9.85 Ratings
Trade and Customs Management
00 Ratings
9.34 Ratings
Fulfillment Management
00 Ratings
8.96 Ratings
Warehouse Workforce Management
00 Ratings
9.85 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
MYOB
-
Ratings
Odoo
7.9
9 Ratings
6% above category average
Production Process Design
00 Ratings
6.76 Ratings
Production Management
00 Ratings
6.17 Ratings
Configuration Management
00 Ratings
7.86 Ratings
Work Execution
00 Ratings
8.27 Ratings
Manufacturing Costs
00 Ratings
8.37 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
MYOB
-
Ratings
Odoo
8.3
11 Ratings
15% above category average
Forecasting
00 Ratings
8.311 Ratings
Inventory Planning
00 Ratings
8.311 Ratings
Performance Monitoring
00 Ratings
7.510 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
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.
It is well suited for inventory tracking, shipping and sales work flows. While some customization is needed to make it functional, if done correctly Odoo can serves as a powerful one stop shop for all of a businesses needs. The ease of customization for email templates, both for sales communications and marketing outreach leaves something to be desired. Perhaps our team hasn't explored this fully enough. I have personally found it intimidating in trying to construct a news letter using the email marketing module
The creation of products is extremely simple, I like that it does not complicate you to put a lot of detail, of course if you want to put more detailed information later it allows you to do it without problems
The fact that I can manage my inventory of my warehouse is very convenient, I only generate my stock report of the products we have in stock and taking inventory is easier
The management of opportunities in the CRM is also great, because the guys from the sales department generate their opportunity, place what their client is requiring and we, the logisticians, can automatically generate the quote for what they are requesting, and from there they can only download their quote and send it to their clients.
Customer service is nonexistent. You will need a 3rd party to assist you.
The system has an open app for integrating with other programs. These are developed by third parties and can be hit or miss in functionality.
The system offers great flexibility; however, it is too much and requires coding. For example, changing a Sales order PDF requires coding to modify the document.
Initial implementation is clunky and seems to require a 3rd party just for setup.
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.
Once you complete the training with Odoo, you have a great grasp of how the system works, and most every feature is intuitive- There is rarely a task within Odoo that I get frustrated trying to figure out- I can typically look through the system and find what I need to do, and if I ever do need support, the Odoo Support team is excellent
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.
Easy - there is NO SUPPORT (like in ABSOLUTELY NOTHING!!!!!!!). Even for legally mandatory requirements where the system MUST work, they will gladly take a month to get back to you with a NON-answer. We couldn't even get our bank statements correctly into Odoo for 2 months - leading to no reconciliation and the company accounts were a mess (still are!!) as a result - Completely irresponsible. Have not EVEN had an apology from Odoo - they couldn't care less !!
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.
We decided to go with Odoo over Netsuite due to a few factors. Price was a big reason why, Netsuite is the most expensive ERP we vetted. I also did not have a great experience with Netsuite at my last job. I was on the roll out team and it did not work as promised for POS, inventory managing or reporting, it crashed constantly in the middle of using it. Just over all very poor. Considering it is owned by Oracle and the most expensive, you would think it would be able to function on some sort of base level. That company ended up terminating their contract with Netsuite early and going with a different company.
We don't have crashing or error issues. I can complete receives, cycle counts etc and all of my information saves. Visually, Odoo is more satisfying also.