MYOB vs. Odoo

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 7.4 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
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
MYOBOdoo
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
MYOBOdoo
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup fee-$49,321,250 per app/ per user/ per month
Additional DetailsA 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
MYOBOdoo
Features
MYOBOdoo
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 calculation10.012 Ratings7.89 Ratings
Benefit plan administration10.08 Ratings8.08 Ratings
Direct deposit files10.010 Ratings8.89 Ratings
Salary revision and increment management10.08 Ratings00 Ratings
Reimbursement management10.08 Ratings00 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 integration10.07 Ratings8.311 Ratings
Plug-ins10.06 Ratings8.113 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 capability10.011 Ratings9.410 Ratings
Role-based user permissions10.012 Ratings7.614 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
Dashboards10.011 Ratings6.516 Ratings
Standard reports10.012 Ratings6.916 Ratings
Custom reports10.011 Ratings7.616 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 payable10.016 Ratings7.113 Ratings
Accounts receivable10.016 Ratings7.113 Ratings
Cash management10.015 Ratings00 Ratings
Bank reconciliation10.016 Ratings00 Ratings
Expense management10.012 Ratings00 Ratings
Time tracking6.07 Ratings00 Ratings
Fixed asset management10.09 Ratings00 Ratings
Multi-currency support10.08 Ratings00 Ratings
Multi-division support10.07 Ratings00 Ratings
Regulations compliance10.09 Ratings00 Ratings
Electronic tax filing5.19 Ratings00 Ratings
Self-service portal6.37 Ratings00 Ratings
Global Financial Support10.06 Ratings6.312 Ratings
Primary and Secondary Ledgers10.08 Ratings6.612 Ratings
Intercompany Accounting10.06 Ratings00 Ratings
Localizations10.06 Ratings00 Ratings
Journals and Reconciliations10.012 Ratings6.313 Ratings
Enterprise Accounting2.84 Ratings00 Ratings
Configurable Accounting10.09 Ratings7.013 Ratings
Centralized Rules Framework10.04 Ratings00 Ratings
Standardized Processes10.08 Ratings6.012 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 tracking10.09 Ratings8.118 Ratings
Automatic reordering10.06 Ratings8.316 Ratings
Location management10.06 Ratings8.615 Ratings
Manufacturing module10.06 Ratings00 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
Pricing10.07 Ratings8.416 Ratings
Order entry10.07 Ratings8.416 Ratings
Credit card processing10.06 Ratings7.513 Ratings
Cost of goods sold10.07 Ratings8.314 Ratings
Order Orchestration10.05 Ratings7.912 Ratings
End-to-end order visibility10.05 Ratings00 Ratings
Order exception Resolution10.05 Ratings00 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 Management00 Ratings7.412 Ratings
Cash and Asset Management00 Ratings6.811 Ratings
Travel & Expense Management00 Ratings6.311 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings5.210 Ratings
Period Close00 Ratings7.310 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 Forecasting00 Ratings1.06 Ratings
Project Costing00 Ratings1.05 Ratings
Cost Capture00 Ratings1.05 Ratings
Capital Project Management00 Ratings1.05 Ratings
Customer Contract Compliance00 Ratings1.05 Ratings
Project Revenue Recognition00 Ratings1.05 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 Scheduling00 Ratings9.38 Ratings
Task Insight for Project Managers00 Ratings9.37 Ratings
Project Mobile Functionality00 Ratings9.07 Ratings
Definable Resource Pools00 Ratings8.57 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 Management00 Ratings9.77 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 Compared00 Ratings8.07 Ratings
Contract Authoring00 Ratings5.97 Ratings
Contract Repository00 Ratings6.77 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings7.810 Ratings
Supplier Management00 Ratings7.38 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 Repository00 Ratings10.02 Ratings
Control Management00 Ratings9.85 Ratings
Control Efficiency Assessments00 Ratings9.74 Ratings
Issue Detection00 Ratings10.03 Ratings
Remediation and Certification00 Ratings10.02 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 Optimization00 Ratings8.85 Ratings
Transportation Execution Management00 Ratings9.85 Ratings
Trade and Customs Management00 Ratings9.34 Ratings
Fulfillment Management00 Ratings8.96 Ratings
Warehouse Workforce Management00 Ratings9.85 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 Design00 Ratings6.76 Ratings
Production Management00 Ratings6.17 Ratings
Configuration Management00 Ratings7.86 Ratings
Work Execution00 Ratings8.27 Ratings
Manufacturing Costs00 Ratings8.37 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
Forecasting00 Ratings8.311 Ratings
Inventory Planning00 Ratings8.311 Ratings
Performance Monitoring00 Ratings7.510 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
MYOB
-
Ratings
Odoo
8.8
6 Ratings
19% above category average
Proposal Management00 Ratings9.96 Ratings
Product Master Data Management00 Ratings9.46 Ratings
Best Alternatives
MYOBOdoo
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 6.8 out of 10
Zoho One
Zoho One
Score 9.5 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.1 out of 10
Infor VISUAL
Infor VISUAL
Score 7.5 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 7.6 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBOdoo
Likelihood to Recommend
8.9
(19 ratings)
7.1
(22 ratings)
Likelihood to Renew
9.5
(2 ratings)
1.0
(1 ratings)
Usability
9.9
(15 ratings)
8.4
(14 ratings)
Support Rating
1.2
(14 ratings)
1.0
(6 ratings)
Implementation Rating
5.0
(1 ratings)
-
(0 ratings)
Ease of integration
1.0
(1 ratings)
-
(0 ratings)
User Testimonials
MYOBOdoo
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
Odoo
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
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
Odoo
  • 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.
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
Odoo
  • 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.
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
Odoo
No answers on this topic
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.
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Odoo
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
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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.
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Odoo
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 !!
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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
Odoo
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.
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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.
Read full review
Odoo
  • In older versions, it was super expensive to make it even work. You had to hire third-party developers all the time.
  • Newest versions have better built in functionality.
  • Cost is pretty high. Odoo plus developers to support it could bankrupt a small business.
Read full review
ScreenShots

Odoo Screenshots

Screenshot of Odoo HomeScreenshot of Odoo ProjectScreenshot of Odoo Website GeneralScreenshot of Odoo POSScreenshot of Odoo AccountingScreenshot of Odoo Inventory