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 Accounting
Score 8.5 out of 10
N/A
Odoo Accounting is designed to help companies manage their daily accounting with ease and simplicity. They even offer a global view of the state of their business at any time. All financial activities can be managed in one single app, with Odoo Accounting, as well as automation for primary day-to-day tasks. The Odoo app is synchronized with 24,000 banks, to make it easier to link a payment with a statement, based on the transaction in a bank account. Reconciliation can also be done…
$24.90
per month billed yearly per user
Pricing
MYOB
Odoo Accounting
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
One App Free
$0
Standard
$24.90
per month billed yearly per user
Standard
$31.10
per month per user
Custom
$37.40
per month billed yearly per user
Custom
$46.80
per month per user
Offerings
Pricing Offerings
MYOB
Odoo Accounting
Free Trial
Yes
Yes
Free/Freemium Version
No
Yes
Premium Consulting/Integration Services
No
Yes
Entry-level Setup Fee
No setup fee
Optional
Additional Details
—
The Standard and Custom plans include the Odoo apps for a single fee.
More Pricing Information
Community Pulse
MYOB
Odoo Accounting
Features
MYOB
Odoo Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
12 Ratings
28% above category average
Odoo Accounting
7.0
1 Ratings
7% below category average
Pay calculation
10.012 Ratings
7.01 Ratings
Benefit plan administration
10.08 Ratings
00 Ratings
Direct deposit files
10.010 Ratings
00 Ratings
Salary revision and increment management
10.08 Ratings
00 Ratings
Reimbursement management
10.08 Ratings
7.01 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
7 Ratings
26% above category average
Odoo Accounting
8.0
1 Ratings
3% above category average
API for custom integration
10.07 Ratings
00 Ratings
Plug-ins
10.06 Ratings
8.01 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
12 Ratings
20% above category average
Odoo Accounting
8.6
2 Ratings
5% above category average
Single sign-on capability
10.011 Ratings
00 Ratings
Role-based user permissions
10.012 Ratings
8.62 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
12 Ratings
24% above category average
Odoo Accounting
9.1
2 Ratings
15% above category average
Dashboards
10.011 Ratings
8.62 Ratings
Standard reports
10.012 Ratings
8.62 Ratings
Custom reports
10.011 Ratings
10.01 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
9.0
16 Ratings
17% above category average
Odoo Accounting
8.6
2 Ratings
12% above category average
Accounts payable
10.016 Ratings
9.12 Ratings
Accounts receivable
10.016 Ratings
9.12 Ratings
Cash management
10.015 Ratings
9.12 Ratings
Bank reconciliation
10.016 Ratings
9.12 Ratings
Expense management
10.012 Ratings
9.12 Ratings
Time tracking
6.07 Ratings
00 Ratings
Fixed asset management
10.09 Ratings
8.01 Ratings
Multi-currency support
10.08 Ratings
9.12 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
10.01 Ratings
Global Financial Support
10.06 Ratings
8.01 Ratings
Primary and Secondary Ledgers
10.08 Ratings
7.01 Ratings
Intercompany Accounting
10.06 Ratings
8.62 Ratings
Localizations
10.06 Ratings
8.62 Ratings
Journals and Reconciliations
10.012 Ratings
8.62 Ratings
Enterprise Accounting
2.84 Ratings
10.01 Ratings
Configurable Accounting
10.09 Ratings
9.12 Ratings
Centralized Rules Framework
10.04 Ratings
7.01 Ratings
Standardized Processes
10.08 Ratings
7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
9 Ratings
28% above category average
Odoo Accounting
7.3
1 Ratings
3% below category average
Inventory tracking
10.09 Ratings
7.01 Ratings
Automatic reordering
10.06 Ratings
7.01 Ratings
Location management
10.06 Ratings
7.01 Ratings
Manufacturing module
10.06 Ratings
8.01 Ratings
Order Management
Comparison of Order 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.
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.
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.
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.
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.
Success packs where you get a Single Point of Contact (SPoC). This is great.
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.
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.
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.