What users are saying about
67 Ratings
67 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 6.2 out of 100
6 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 9.4 out of 100

Feature Set Ratings

  • Odoo Accounting ranks higher in 7 feature sets: Payroll Management, Customization, Security, Reporting & Analytics, General Ledger and Configurable Accounting, Inventory Management, Order Management

Payroll Management

6.6

MYOB

66%
7.0

Odoo Accounting

70%
MYOB ranks higher in 4/5 features

Pay calculation

7.1
71%
11 Ratings
7.0
70%
1 Rating

Benefit plan administration

6.5
65%
7 Ratings
N/A
0 Ratings

Direct deposit files

6.9
69%
9 Ratings
N/A
0 Ratings

Salary revision and increment management

6.5
65%
7 Ratings
N/A
0 Ratings

Reimbursement management

6.2
62%
7 Ratings
7.0
70%
1 Rating

Customization

5.5

MYOB

55%
8.0

Odoo Accounting

80%
MYOB ranks higher in 1/2 features

API for custom integration

5.4
54%
6 Ratings
N/A
0 Ratings

Plug-ins

5.5
55%
5 Ratings
8.0
80%
1 Rating

Security

6.8

MYOB

68%
8.5

Odoo Accounting

85%
MYOB ranks higher in 1/2 features

Single sign-on capability

6.6
66%
10 Ratings
N/A
0 Ratings

Role-based user permissions

7.1
71%
11 Ratings
8.5
85%
2 Ratings

Reporting & Analytics

6.0

MYOB

60%
9.0

Odoo Accounting

90%
Odoo Accounting ranks higher in 3/3 features

Dashboards

6.2
62%
10 Ratings
8.5
85%
2 Ratings

Standard reports

6.4
64%
11 Ratings
8.5
85%
2 Ratings

Custom reports

5.5
55%
10 Ratings
10.0
100%
1 Rating

General Ledger and Configurable Accounting

5.3

MYOB

53%
8.6

Odoo Accounting

86%
Odoo Accounting ranks higher in 17/21 features

Accounts payable

6.4
64%
15 Ratings
9.0
90%
2 Ratings

Accounts receivable

6.4
64%
15 Ratings
9.0
90%
2 Ratings

Cash management

5.8
58%
14 Ratings
9.0
90%
2 Ratings

Bank reconciliation

6.4
64%
15 Ratings
9.0
90%
2 Ratings

Expense management

6.5
65%
11 Ratings
9.0
90%
2 Ratings

Time tracking

5.6
56%
6 Ratings
N/A
0 Ratings

Fixed asset management

5.0
50%
8 Ratings
8.0
80%
1 Rating

Multi-currency support

3.3
33%
7 Ratings
9.0
90%
2 Ratings

Multi-division support

3.8
38%
6 Ratings
N/A
0 Ratings

Regulations compliance

4.9
49%
8 Ratings
N/A
0 Ratings

Electronic tax filing

5.9
59%
9 Ratings
N/A
0 Ratings

Self-service portal

5.4
54%
7 Ratings
10.0
100%
1 Rating

Global Financial Support

5.9
59%
5 Ratings
8.0
80%
1 Rating

Primary and Secondary Ledgers

5.6
56%
7 Ratings
7.0
70%
1 Rating

Intercompany Accounting

3.9
39%
5 Ratings
8.5
85%
2 Ratings

Localizations

5.9
59%
5 Ratings
8.5
85%
2 Ratings

Journals and Reconciliations

5.8
58%
11 Ratings
8.5
85%
2 Ratings

Enterprise Accounting

4.8
48%
4 Ratings
10.0
100%
1 Rating

Configurable Accounting

5.4
54%
8 Ratings
9.0
90%
2 Ratings

Centralized Rules Framework

3.9
39%
3 Ratings
7.0
70%
1 Rating

Standardized Processes

5.6
56%
7 Ratings
7.0
70%
1 Rating

Inventory Management

5.1

MYOB

51%
7.3

Odoo Accounting

73%
Odoo Accounting ranks higher in 4/4 features

Inventory tracking

6.6
66%
8 Ratings
7.0
70%
1 Rating

Automatic reordering

4.8
48%
5 Ratings
7.0
70%
1 Rating

Location management

4.5
45%
5 Ratings
7.0
70%
1 Rating

Manufacturing module

4.3
43%
5 Ratings
8.0
80%
1 Rating

Order Management

5.5

MYOB

55%
7.7

Odoo Accounting

77%
Odoo Accounting ranks higher in 6/7 features

Pricing

5.5
55%
6 Ratings
8.0
80%
1 Rating

Order entry

5.5
55%
6 Ratings
8.0
80%
1 Rating

Credit card processing

5.5
55%
5 Ratings
8.5
85%
2 Ratings

Cost of goods sold

5.5
55%
6 Ratings
8.5
85%
2 Ratings

Order Orchestration

5.5
55%
4 Ratings
N/A
0 Ratings

End-to-end order visibility

5.5
55%
4 Ratings
7.0
70%
1 Rating

Order exception Resolution

5.5
55%
4 Ratings
6.0
60%
1 Rating

Attribute Ratings

  • Odoo Accounting is rated higher in 3 areas: Likelihood to Recommend, Usability, Support Rating

Likelihood to Recommend

5.4

MYOB

54%
17 Ratings
9.5

Odoo Accounting

95%
2 Ratings

Likelihood to Renew

9.5

MYOB

95%
2 Ratings

Odoo Accounting

N/A
0 Ratings

Usability

5.7

MYOB

57%
13 Ratings
9.0

Odoo Accounting

90%
2 Ratings

Support Rating

5.4

MYOB

54%
14 Ratings
8.0

Odoo Accounting

80%
2 Ratings

Implementation Rating

5.0

MYOB

50%
2 Ratings

Odoo Accounting

N/A
0 Ratings

Ease of integration

1.0

MYOB

10%
1 Rating

Odoo Accounting

N/A
0 Ratings

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

I found out that a tile store near me uses this app. Odoo Invoicing is well suited to most businesses. Perhaps somebody with very little accounting background would find it difficult to use. That said with customer support options and the online training videos they offer, this could be overcome in most cases.
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

  • Simple and easy to use Integrated Accounting Software
  • Affordable subscriptions option for cost saving
  • Highly customizable options available
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

  • Synchronize Merchant Processor Accounts
Read full review

Pricing Details

MYOB

Starting Price

Editions & Modules

MYOB editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    Odoo Accounting

    Starting Price

    $0

    Editions & Modules

    Odoo Accounting editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      Optional

      Additional Details

      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

      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

      Odoo

      I believe Odoo Accounting software is an easy-to-use, intuitive and user-friendly accounting software that can be available in both free community versions and enterprise versions. In terms of the software subscription cost-effectiveness and overall functionalities, Odoo Accounting will be a good choice for the small and medium businesses that want to change their existing legacy systems into a more modernized and cost-saving fully integrated cloud-based solution because of its user-friendly interface and easy to map with their existing business processes effectively.
      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

      Odoo

      Odoo has two forms of support.
      1. Success packs where you get a Single Point of Contact (SPoC). This is great.
      2. Free support tickets. This is not stellar, and is only applicable within the standard framework. They will not support customizations for free. That said, I have found that they generally can help me out.
      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

      Odoo

      Odoo Accounting is a simple, easy-to-use, and user-friendly accounting solution in terms of cost efficiency and the knowledge to use it. Odoo has a wide range of applications available and very customizable according to its modular structure. In addition, it is not very complex to use for the users and will be familiar with the system interfaces within a short period.
      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

      Odoo

      • Low cost
      • More Automation
      • Centralized Management
      Read full review

      Screenshots

      Add comparison