MYOB vs. QuickBooks Desktop Enterprise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 5.1 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.N/A
QuickBooks Desktop Enterprise
Score 8.2 out of 10
N/A
QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.
$1,261
per year
Pricing
MYOBQuickBooks Desktop Enterprise
Editions & Modules
No answers on this topic
Gold
1,261
per year
Platinum
1,522
per year
Gold with Remote Access
1,785.60
per year
Platinum with Remote Access
2,083.20
per year
Diamond
3,060.34
per year
Diamond with Remote Access
3,600.36
per year
Offerings
Pricing Offerings
MYOBQuickBooks Desktop Enterprise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
MYOBQuickBooks Desktop Enterprise
Top Pros
Top Cons
Features
MYOBQuickBooks Desktop Enterprise
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
6.9
11 Ratings
8% below category average
QuickBooks Desktop Enterprise
8.0
108 Ratings
7% above category average
Pay calculation7.211 Ratings8.7104 Ratings
Benefit plan administration6.97 Ratings7.861 Ratings
Direct deposit files7.09 Ratings8.090 Ratings
Salary revision and increment management6.97 Ratings7.882 Ratings
Reimbursement management6.87 Ratings7.583 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
6.0
6 Ratings
16% below category average
QuickBooks Desktop Enterprise
7.4
73 Ratings
5% above category average
API for custom integration5.86 Ratings7.856 Ratings
Plug-ins6.25 Ratings7.168 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
7.0
11 Ratings
12% below category average
QuickBooks Desktop Enterprise
8.2
155 Ratings
4% above category average
Single sign-on capability6.910 Ratings8.3117 Ratings
Role-based user permissions7.111 Ratings8.2153 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
5.9
11 Ratings
25% below category average
QuickBooks Desktop Enterprise
8.3
172 Ratings
9% above category average
Dashboards6.010 Ratings8.3147 Ratings
Standard reports6.011 Ratings8.5170 Ratings
Custom reports5.710 Ratings8.1165 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
4.8
15 Ratings
43% below category average
QuickBooks Desktop Enterprise
8.0
176 Ratings
8% above category average
Accounts payable5.915 Ratings8.8169 Ratings
Accounts receivable5.915 Ratings8.9168 Ratings
Cash management5.314 Ratings8.4154 Ratings
Bank reconciliation5.815 Ratings8.9167 Ratings
Expense management6.111 Ratings8.3154 Ratings
Time tracking6.26 Ratings6.577 Ratings
Fixed asset management4.88 Ratings8.0114 Ratings
Multi-currency support2.07 Ratings7.757 Ratings
Multi-division support2.16 Ratings7.992 Ratings
Regulations compliance4.88 Ratings8.064 Ratings
Electronic tax filing5.19 Ratings8.086 Ratings
Self-service portal6.27 Ratings6.566 Ratings
Global Financial Support6.35 Ratings6.332 Ratings
Primary and Secondary Ledgers5.67 Ratings8.060 Ratings
Intercompany Accounting2.15 Ratings8.074 Ratings
Localizations6.35 Ratings8.145 Ratings
Journals and Reconciliations5.311 Ratings8.9125 Ratings
Enterprise Accounting2.94 Ratings8.485 Ratings
Configurable Accounting4.88 Ratings8.282 Ratings
Centralized Rules Framework2.53 Ratings8.049 Ratings
Standardized Processes5.77 Ratings8.693 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
3.8
8 Ratings
60% below category average
QuickBooks Desktop Enterprise
7.6
104 Ratings
8% above category average
Inventory tracking6.58 Ratings8.1100 Ratings
Automatic reordering2.95 Ratings7.353 Ratings
Location management2.85 Ratings8.266 Ratings
Manufacturing module2.85 Ratings6.850 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
6.2
6 Ratings
18% below category average
QuickBooks Desktop Enterprise
8.3
128 Ratings
11% above category average
Pricing6.26 Ratings8.595 Ratings
Order entry6.26 Ratings8.6101 Ratings
Credit card processing6.25 Ratings7.689 Ratings
Cost of goods sold6.26 Ratings8.2113 Ratings
Order Orchestration6.24 Ratings8.255 Ratings
End-to-end order visibility6.24 Ratings8.352 Ratings
Order exception Resolution6.24 Ratings8.639 Ratings
Best Alternatives
MYOBQuickBooks Desktop Enterprise
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBQuickBooks Desktop Enterprise
Likelihood to Recommend
2.8
(18 ratings)
8.4
(187 ratings)
Likelihood to Renew
9.5
(2 ratings)
9.8
(17 ratings)
Usability
3.1
(14 ratings)
9.1
(11 ratings)
Availability
-
(0 ratings)
10.0
(4 ratings)
Performance
-
(0 ratings)
10.0
(3 ratings)
Support Rating
2.8
(14 ratings)
6.0
(5 ratings)
In-Person Training
-
(0 ratings)
7.0
(1 ratings)
Online Training
-
(0 ratings)
9.1
(3 ratings)
Implementation Rating
5.0
(1 ratings)
9.0
(8 ratings)
Configurability
-
(0 ratings)
10.0
(3 ratings)
Ease of integration
1.0
(1 ratings)
9.1
(2 ratings)
Product Scalability
-
(0 ratings)
10.0
(3 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(3 ratings)
Vendor pre-sale
-
(0 ratings)
10.0
(3 ratings)
User Testimonials
MYOBQuickBooks Desktop Enterprise
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.
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Intuit
When I first started using QuickBooks Desktop Enterprise for my non-profit 7 years ago, there were some struggles, but updates they have made to the product have been great and improved a lot of the functions that were a struggle. It is super helpful for handling specific non-profit needs where the normal QuickBooks, while great, is set up for for-profit businesses. The ability to enter donations and allocate them by classes that I set up is an invaluable tool.
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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.
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Intuit
  • Detailed organization of financial information
  • Several security measures and double check systems to ensure incorrect entries aren't made. This prevents accidental errors and protects the company from fraud.
  • Ease of overall use
  • Reporting can be as detailed or as general as you prefer. Each report allows you to look at the overall picture or access specific details of each aspect of the company financials.
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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
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Intuit
  • The software becomes "cranky" more often than I would like. A quick data scan on the server usually helps, but if I am out the staff get pretty stressed.
  • Record Retention is not working with QuickBooks. Should there be legal action requesting records for 20 years ago the records will be there - not advisable.
  • Upgrades are quite time consuming as I have to "touch" every computer using the software.
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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
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Intuit
We've been using QuickBooks Enterprise Solutions from when the business started, 11 years ago. I don't see us changing programs any time soon as it is working pretty well for us now. It would be extremely time consuming to start from scratch with a new accounting or inventory management program.
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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.
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Intuit
I like the QuickBooks Enterprise edition so much I moved my company to it this year. I like the overall functionality of the program and I am very familiar with the user interface which makes my job easier. One of the things I dislike about the online version it is not modeled after the desktop edition and I have a hard time getting around in the program.
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Reliability and Availability
MYOB
No answers on this topic
Intuit
They have always been available to meet our needs when we need it. We have had zero complaints with getting the assistance we need.
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Performance
MYOB
No answers on this topic
Intuit
QB is a good and reliable system. We probably should have explore the other modules rather that jump in to the conclusion that we needed a new ERP.
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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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Intuit
Very rare do I call the Quickbooks Enterprise Solutions support staff and I get a customer service associate quickly. On average, my wait time is near an hour, and at times even longer. After spending the first three minutes discussing my problem, they then begin to poke and prod around, sometimes the questions continue. But 80% of the time, the problem is over their head and they have to escalate the issue. The only problem is this escalation arrives usually after spending forty-five minutes poking and proding around but learning nothing. In short, my experience is rarely all that well, let alone great
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In-Person Training
MYOB
No answers on this topic
Intuit
It is a very easy system to learn, so with the help it was even easier. QB is a good solid system, but it lacks some of the complexity other systems have. with QB you need to get additional modules to get the same functionality that other systems offer standard
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Online Training
MYOB
No answers on this topic
Intuit
easy to learn system, specially with some kind of support. Just like with any other system, things get lot easier if you have guidance to lead you in your search for answers. having said that, QB is very easy to use and very easy to teach. you wont spend much time memorizing where to click.
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Implementation Rating
MYOB
No answers on this topic
Intuit
If you're loading QuickBooks Enterprise Solutions onto a computer that you're going to directly log into, you should be able to do it yourself. If you are going to connect to a server through a network or remote connection, you should probably have a professional IT person set it up for you.
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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.
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Intuit
We have selected this product as it is affordoable in terms of pricing and features too. Our clients is geeting lots of benefits by using this product. By using QuickBooks desktop client also manage the information realted to financials and also get the clear picture for the future by using the accounting information from this product.
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Scalability
MYOB
No answers on this topic
Intuit
It has worked for our small company in every way. We have very little issues with the software and when we have had problems, Intuit has stepped up and resolved in promptly.
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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.
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Intuit
  • Good value for the price. The initial setup was quick and easy.
  • When properly set up and processes are followed it's decent at managing inventory which is something we had problems with. Have to have a dedicated employee to builds.
  • Rolling up costs in multi-level BOM's is a project each time we have to review costs, it's very time consuming to manually update all assemblies.
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