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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    MYOB

    Score8.3 out of 10
    N/AMYOB 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

    Paycom

    Score8.6 out of 10
    N/APaycom is an automated HCM platform, built on a single database that eliminates redundant data entry through automation. A payroll and HR software solution, Paycom is used by organizations of all sizes to access employee data without navigating multiple systems.N/A
    Pricing
    MYOBPaycom
    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
    No answers on this topic
    Offerings
    Pricing Offerings
    MYOBPaycom
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Features
    MYOBPaycom
    Payroll Management
    Comparison of Payroll Management features of MYOB and Paycom
    Feature
    MYOB
    10.0
    12 Ratings
    28% above category average
    Paycom
    8.3
    564 Ratings
    1% above category average
    Pay calculation10.012 Ratings8.8548 Ratings
    Benefit plan administration10.08 Ratings8.4482 Ratings
    Direct deposit files10.010 Ratings9.1545 Ratings
    Salary revision and increment management10.08 Ratings8.4455 Ratings
    Reimbursement management10.08 Ratings8.3317 Ratings
    Support for external payroll vendors00 Ratings6.447 Ratings
    Off-cycle/On-Demand payment00 Ratings8.597 Ratings
    Customization
    Comparison of Customization features of MYOB and Paycom
    Feature
    MYOB
    10.0
    7 Ratings
    28% above category average
    Paycom
    -
    Ratings
    API for custom integration10.07 Ratings00 Ratings
    Plug-ins10.06 Ratings00 Ratings
    Security
    Comparison of Security features of MYOB and Paycom
    Feature
    MYOB
    10.0
    12 Ratings
    20% above category average
    Paycom
    -
    Ratings
    Single sign-on capability10.011 Ratings00 Ratings
    Role-based user permissions10.012 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of MYOB and Paycom
    Feature
    MYOB
    10.0
    12 Ratings
    24% above category average
    Paycom
    -
    Ratings
    Dashboards10.011 Ratings00 Ratings
    Standard reports10.012 Ratings00 Ratings
    Custom reports10.011 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of MYOB and Paycom
    Feature
    MYOB
    9.1
    16 Ratings
    18% above category average
    Paycom
    -
    Ratings
    Accounts payable10.016 Ratings00 Ratings
    Accounts receivable10.016 Ratings00 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 Ratings00 Ratings
    Primary and Secondary Ledgers10.08 Ratings00 Ratings
    Intercompany Accounting10.06 Ratings00 Ratings
    Localizations10.06 Ratings00 Ratings
    Journals and Reconciliations10.012 Ratings00 Ratings
    Enterprise Accounting2.84 Ratings00 Ratings
    Configurable Accounting10.09 Ratings00 Ratings
    Centralized Rules Framework10.04 Ratings00 Ratings
    Standardized Processes10.08 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of MYOB and Paycom
    Feature
    MYOB
    10.0
    9 Ratings
    31% above category average
    Paycom
    -
    Ratings
    Inventory tracking10.09 Ratings00 Ratings
    Automatic reordering10.06 Ratings00 Ratings
    Location management10.06 Ratings00 Ratings
    Manufacturing module10.06 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of MYOB and Paycom
    Feature
    MYOB
    10.0
    7 Ratings
    30% above category average
    Paycom
    -
    Ratings
    Pricing10.07 Ratings00 Ratings
    Order entry10.07 Ratings00 Ratings
    Credit card processing10.06 Ratings00 Ratings
    Cost of goods sold10.07 Ratings00 Ratings
    Order Orchestration10.05 Ratings00 Ratings
    End-to-end order visibility10.05 Ratings00 Ratings
    Order exception Resolution10.05 Ratings00 Ratings
    Human Resource Management
    Comparison of Human Resource Management features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    8.1
    564 Ratings
    1% below category average
    Employee demographic data00 Ratings8.9518 Ratings
    Employment history00 Ratings8.1498 Ratings
    Job profiles and administration00 Ratings8.1497 Ratings
    Workflow for transfers, promotions, pay raises, etc.00 Ratings8.1499 Ratings
    Organizational charting00 Ratings7.6403 Ratings
    Organization and location management00 Ratings8.0442 Ratings
    Compliance data (COBRA, OSHA, etc.)00 Ratings8.1413 Ratings
    Leave and Attendance Management
    Comparison of Leave and Attendance Management features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    8.5
    495 Ratings
    3% above category average
    Approval workflow00 Ratings8.5469 Ratings
    Balance details00 Ratings8.4470 Ratings
    Annual carry-forward and encashment00 Ratings8.5395 Ratings
    Employee Self Service
    Comparison of Employee Self Service features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    8.7
    566 Ratings
    5% above category average
    View and generate pay and benefit information00 Ratings9.0556 Ratings
    Update personal information00 Ratings9.2562 Ratings
    View company policy documentation00 Ratings8.8501 Ratings
    Employee recognition00 Ratings8.0276 Ratings
    View job history00 Ratings8.6463 Ratings
    Asset Management
    Comparison of Asset Management features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    4.9
    26 Ratings
    49% below category average
    Tracking of all physical assets00 Ratings4.926 Ratings
    HR Reporting
    Comparison of HR Reporting features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    7.2
    501 Ratings
    5% below category average
    Report builder00 Ratings7.9494 Ratings
    Pre-built reports00 Ratings7.9488 Ratings
    Ability to combine HR data with external data00 Ratings5.855 Ratings
    Onboarding
    Comparison of Onboarding features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    8.4
    494 Ratings
    4% above category average
    New hire portal00 Ratings8.5488 Ratings
    Manager tracking tools00 Ratings8.3425 Ratings
    Performance and Goals
    Comparison of Performance and Goals features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    6.3
    294 Ratings
    25% below category average
    Corporate goal setting00 Ratings4.236 Ratings
    Individual goal setting00 Ratings8.0271 Ratings
    Line-of sight-visibility00 Ratings4.835 Ratings
    Performance tracking00 Ratings8.0289 Ratings
    Performance Management
    Comparison of Performance Management features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    7.9
    372 Ratings
    1% below category average
    Performance plans00 Ratings7.8343 Ratings
    Performance improvement plans00 Ratings7.8326 Ratings
    Review status tracking00 Ratings7.9331 Ratings
    Review reminders00 Ratings8.0339 Ratings
    Multiple review frequency00 Ratings7.8303 Ratings
    Succession Planning
    Comparison of Succession Planning features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    7.9
    95 Ratings
    0% above category average
    Create succession plans/pools00 Ratings7.955 Ratings
    Candidate ranking00 Ratings7.873 Ratings
    Candidate search00 Ratings7.990 Ratings
    Candidate development00 Ratings7.974 Ratings
    Recruiting / ATS
    Comparison of Recruiting / ATS features of MYOB and Paycom
    Feature
    MYOB
    -
    Ratings
    Paycom
    7.6
    370 Ratings
    4% below category average
    Job Requisition Management00 Ratings7.8333 Ratings
    Company Website Posting00 Ratings8.0328 Ratings
    Publish to Social Media00 Ratings7.4259 Ratings
    Job Search Site Posting00 Ratings7.8303 Ratings
    Duplicate Candidate Prevention00 Ratings6.9282 Ratings
    Applicant Tracking00 Ratings7.7340 Ratings
    Notifications and Alerts00 Ratings7.9351 Ratings
    Best Alternatives
    MYOBPaycom
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    UZIO
    Score9.4 out of 10
    Medium-sized Companies
    Accounting Seed
    Score9 out of 10
    Zoho People
    Score8.6 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    PeopleStrong
    Score10 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MYOBPaycom
    Likelihood to Recommend
    9.0
    (19 ratings)
    8.7
    (736 ratings)
    Likelihood to Renew
    9.5
    (2 ratings)
    9.1
    (31 ratings)
    Usability
    10.0
    (15 ratings)
    9.0
    (124 ratings)
    Availability
    -
    (0 ratings)
    9.5
    (4 ratings)
    Performance
    -
    (0 ratings)
    9.0
    (4 ratings)
    Support Rating
    1.2
    (14 ratings)
    8.9
    (59 ratings)
    In-Person Training
    -
    (0 ratings)
    10.0
    (2 ratings)
    Online Training
    -
    (0 ratings)
    8.0
    (5 ratings)
    Implementation Rating
    5.0
    (1 ratings)
    6.5
    (9 ratings)
    Configurability
    -
    (0 ratings)
    8.0
    (4 ratings)
    Ease of integration
    1.0
    (1 ratings)
    8.5
    (3 ratings)
    Product Scalability
    -
    (0 ratings)
    7.5
    (4 ratings)
    Vendor post-sale
    -
    (0 ratings)
    9.0
    (6 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    9.0
    (6 ratings)
    User Testimonials
    MYOBPaycom
    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.
    Incentivized
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    Paycom
    My company is currently at around 2,000 employees and meets all expectations. I have worked at companies of up to 7,000 employees that also used Paycom and that met all expectations as well. I do not know that Paycom would be worth it from a pricing perspective for a smaller company, maybe 30 employees or less. I also believe Paycom has an opportunity to better partner with clients in mergers and acquisitions.
    Incentivized
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    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.
    Incentivized
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    Paycom
    • I like the employee self-service feature. It's very straightforward and easy to use. I also like my representative, Mikey. He's been very helpful—every time I call him, I get the assistance I need. I also appreciate how quickly I can get someone on the phone and get help when needed.
    Incentivized
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    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
    Incentivized
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    Paycom
    • I am not a fan of the most recent update. I wasn't prepared for the change especially given it came right before payroll was processed. I'm told given time, I will get used to it and I'm always open to change for the better.
    • IWant™ feature isn't what I hoped it would be. I haven't used it much given the information I need in Paycom I can find quickly on my own. I have heard however that several employees utilize and appreciate the IWant™ feature.
    Incentivized
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    Likelihood to Renew
    MYOB
    Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
    Incentivized
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    Paycom
    we are having no problems with how the system works and our support system at paycom is the best - we are learning more and using the system in more ways all the time the only thing that could be better is pricing on some things
    Incentivized
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    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.
    Incentivized
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    Paycom
    I'm probably going to have to go seven and three-quarter to eight, and that may be user error to me because I know Paycom has got it figured out, but there's times I just can't figure it out, even with some of the tutorials, the university, the show-mes, and calling Alex, our representative. He can hold my hand and walk me through that process, and it just may be I didn't get it, but that's why I gave that score. I'd give it a solid nine.
    Incentivized
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    Reliability and Availability
    MYOB
    No answers on this topic
    Paycom
    They are very dependable and I have never experience any outages
    Incentivized
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    Performance
    MYOB
    No answers on this topic
    Paycom
    Yes load quickly
    Incentivized
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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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    Paycom
    In 6 years, we've never had a bad experience with client support. We implemented during COVID, and I was the only person in HR at the time. I was also having to homeschool our children, which meant bizarre work hours and limited time to focus on platform build at times. There were nights that I was literally on calls at 11 pm and the implementation team was unbelievably supportive. Recently, a Position Seat specialist came on site to help us set up for our 5 client codes - the experience was transformative for how we use the platform and an absolute game changer. I trust Paycom because I trust our representatives. They truly are strategic partners for us, and work to ensure we're maximizing the platform and that our needs are being met
    Incentivized
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    In-Person Training
    MYOB
    No answers on this topic
    Paycom
    Tadd and Ellie have been great! They have show us many aspects that implementation did not. They are very personable and action oriented as well. Anytime we need them they offer to swing in.
    Incentivized
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    Online Training
    MYOB
    No answers on this topic
    Paycom
    It was good, but hard to know what questions you need to ask until you actually get in there and start working with a live product. But Paycom is also very helpful every time I call and can't figure something out. Nathan has been very friendly and helpful no matter what I call him about. He is always eager to help out.
    Incentivized
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    Implementation Rating
    MYOB
    No answers on this topic
    Paycom
    Not at all satisfied it was a nightmare we spent over 8 months with the implementation team having issues after issues all related to the Puerto Rico regulations (half my employees are in Puerto Rico) and at the end we were moved over from the implementation team to the production team without all the issues being resolved
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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.
    Incentivized
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    Paycom
    I have not currently used any other products. I'm still kind of new to the HR industry. The only other thing that I really have to compare it to is Vonmar's system, which they created themselves, and it was not user-friendly.
    Incentivized
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    Scalability
    MYOB
    No answers on this topic
    Paycom
    They are not able to meet our current needs
    Incentivized
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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.
    Incentivized
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    Paycom
    • It's helped us save time. We've been able to automate a number of payroll and accounting functions. It's also enabled our employees to use the ask gear feature. So it's really saved time, and also we've not gotten hacked, which is always a plus.
    Incentivized
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    ScreenShots

    Paycom Screenshots

    Screenshot of A new study that reveals that for a composite organization representative of interviewed clients, unifying HR and payroll in a single-database software with automation and streamlined workflows achieved a three-year 362% ROI and resulted in: $1.4M net present value*; over 45% total time saved by HR; 80% time saved on compliance work.Screenshot of Full-Solution Automation and Auto-Decisioning Powered By a Single DatabaseScreenshot of Employee Self-Service