MYOB vs. QuickBooks Desktop Premier

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 6.3 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.
$5
per month
QuickBooks Desktop Premier
Score 8.1 out of 10
N/A
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.N/A
Pricing
MYOBQuickBooks Desktop Premier
Editions & Modules
Lite
$5
per month
Pro
$8
per month
Plus
$70.50
per month
Premier
$88.50
per month
Lite
$130.20
per year
Pro
$243.60
per year
No answers on this topic
Offerings
Pricing Offerings
MYOBQuickBooks Desktop Premier
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
Community Pulse
MYOBQuickBooks Desktop Premier
Considered Both Products
MYOB

No answer on this topic

QuickBooks Desktop Premier
Chose QuickBooks Desktop Premier
We needed more robust inventory tracking and the ability to integrate with other software, so we switched from MYOB Premier to QuickBooks Premier Manufacturing Edition in 2007.
Top Pros
Top Cons
Features
MYOBQuickBooks Desktop Premier
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
12 Ratings
29% above category average
QuickBooks Desktop Premier
9.0
48 Ratings
18% above category average
Pay calculation10.012 Ratings7.046 Ratings
Benefit plan administration10.08 Ratings10.020 Ratings
Direct deposit files10.010 Ratings8.036 Ratings
Salary revision and increment management10.08 Ratings9.927 Ratings
Reimbursement management10.08 Ratings10.030 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
7 Ratings
28% above category average
QuickBooks Desktop Premier
1.3
20 Ratings
141% below category average
API for custom integration9.97 Ratings1.315 Ratings
Plug-ins10.06 Ratings1.320 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
9.9
12 Ratings
19% above category average
QuickBooks Desktop Premier
9.8
50 Ratings
18% above category average
Single sign-on capability9.911 Ratings9.744 Ratings
Role-based user permissions9.912 Ratings10.041 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
9.9
12 Ratings
24% above category average
QuickBooks Desktop Premier
8.1
59 Ratings
4% above category average
Dashboards9.911 Ratings8.950 Ratings
Standard reports9.912 Ratings9.058 Ratings
Custom reports9.911 Ratings6.556 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
16% above category average
QuickBooks Desktop Premier
8.3
62 Ratings
8% above category average
Accounts payable9.916 Ratings9.960 Ratings
Accounts receivable9.916 Ratings9.961 Ratings
Cash management9.915 Ratings9.956 Ratings
Bank reconciliation9.916 Ratings9.959 Ratings
Expense management9.912 Ratings9.958 Ratings
Time tracking6.07 Ratings5.028 Ratings
Fixed asset management9.99 Ratings5.040 Ratings
Multi-currency support9.98 Ratings9.018 Ratings
Multi-division support9.97 Ratings7.033 Ratings
Regulations compliance9.99 Ratings1.819 Ratings
Electronic tax filing5.19 Ratings10.028 Ratings
Self-service portal6.37 Ratings5.018 Ratings
Global Financial Support10.06 Ratings5.04 Ratings
Primary and Secondary Ledgers9.98 Ratings7.06 Ratings
Intercompany Accounting9.96 Ratings10.010 Ratings
Localizations10.06 Ratings10.02 Ratings
Journals and Reconciliations9.912 Ratings9.815 Ratings
Enterprise Accounting2.84 Ratings10.07 Ratings
Configurable Accounting9.99 Ratings10.08 Ratings
Centralized Rules Framework10.04 Ratings10.05 Ratings
Standardized Processes9.98 Ratings10.09 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
9 Ratings
32% above category average
QuickBooks Desktop Premier
2.9
36 Ratings
86% below category average
Inventory tracking10.09 Ratings1.735 Ratings
Automatic reordering10.06 Ratings1.015 Ratings
Location management10.06 Ratings8.019 Ratings
Manufacturing module10.06 Ratings1.017 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
7 Ratings
26% above category average
QuickBooks Desktop Premier
8.0
40 Ratings
4% above category average
Pricing10.07 Ratings10.030 Ratings
Order entry10.07 Ratings10.031 Ratings
Credit card processing10.06 Ratings9.828 Ratings
Cost of goods sold10.07 Ratings10.036 Ratings
Order Orchestration10.05 Ratings10.03 Ratings
End-to-end order visibility10.05 Ratings1.04 Ratings
Order exception Resolution10.05 Ratings5.01 Ratings
Best Alternatives
MYOBQuickBooks Desktop Premier
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 8.9 out of 10
Zoho Books
Zoho Books
Score 8.9 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.8 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBQuickBooks Desktop Premier
Likelihood to Recommend
7.2
(19 ratings)
9.8
(65 ratings)
Likelihood to Renew
9.5
(2 ratings)
1.3
(12 ratings)
Usability
7.9
(15 ratings)
9.9
(16 ratings)
Availability
-
(0 ratings)
8.9
(5 ratings)
Performance
-
(0 ratings)
5.7
(4 ratings)
Support Rating
1.3
(14 ratings)
1.0
(12 ratings)
Online Training
-
(0 ratings)
1.0
(1 ratings)
Implementation Rating
5.0
(1 ratings)
7.2
(7 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
1.0
(1 ratings)
7.0
(1 ratings)
Product Scalability
-
(0 ratings)
6.2
(4 ratings)
Vendor pre-sale
-
(0 ratings)
7.0
(1 ratings)
User Testimonials
MYOBQuickBooks Desktop Premier
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
QuickBooks Premier is not well suited to manufacturing industries, as it cannot handle the complicated inventory requirements of raw materials, work in process, and finished goods. Retailers and Wholesalers can use QuickBooks Premier as long as they have an add-on inventory tracking program or Point of Sale system that integrates with QuickBooks. Likewise, restaurants would need specialized restaurant software that integrates with QuickBooks Premier. Non-profits can use QuickBooks Premier non-profit edition, but if they use fund accounting, it will require some complicated work-arounds. QuickBooks Premier is well-suited to most construction trades, personal and professional services providers, small retailers, and rental property owners.
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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
  • The program is easy to learn and use. We can train our clients' personnel how to use the program with out difficulty.
  • It is easy for clients to generate bills and manage accounts receivable.
  • It is easy to manage accounts payable and allows clients to pay their bills electronically.
  • Transactions can be imported electronically for credit card and banking transactions.
  • It is easy to reconcile bank and credit card accounts.
  • We can import data generated by QuickBooks into our tax and accounting software.
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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
  • I would like to be able to choose how i want to view accounts receivable aging. I would like some flexibility to sort and choose how to present the data.
  • For a seasoned accountant, I would like to see some of the restrictive controls that are in place for novices to be able to be relaxed so that I can easily make some entries and adjust some balances that ordinarily a regular user would not be able to do.
  • I would like to see an easy way to clear old outstanding checks that need to be reversed without affecting prior balances/history.
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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
Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
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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.
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Intuit
Because in the way I use it, I can't ask for anything. Allows me to easily invoice and track both accounts payable and accounts receivable. Insights panels allow for a good overview of the business in a graphical format as opposed to reports with just numbers. It's ability to integrate with our court reporting management software saves tons of time by not having reimport data by hand.
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Reliability and Availability
MYOB
No answers on this topic
Intuit
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
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Performance
MYOB
No answers on this topic
Intuit
It takes forever to load.
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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
This is where QuickBooks falls short. Many times my staff has had questions that have not been able to get resolved easily with a chat or call. I personally have had more general questions that have not been answered easily as well. I think QuickBooks needs to provide the resources of having readily accessible help in order to make it simpler to get solutions.
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Implementation Rating
MYOB
No answers on this topic
Intuit
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
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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
QuickBooks Premier handles most of my business functions efficiently in one package. It is not my "everything." I use Replicon for time rather than QuickBooks. I don't want my WIP data interfering with my accounting. I use PaySimple for it's web interface and back office processing. I don't have security issues since I don't have any credit card data in my possession. With today's identity theft environment, I have to protect myself as much as I can. Not having credit card data in my accounting software lets me sleep much better at night. Quicken will do basic accounting but does not have all the double entry accounting systems contained in QuickBooks. QuickBooks Online does much of the basic business functions but I don't like the pricing structure. As a professional accountant, that is very important to me. Bill.com provided a good service but the ability of QuickBooks to add bills and receipts to transactions makes it redundant.
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Scalability
MYOB
No answers on this topic
Intuit
They're getting better. Still room for improvement.
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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.
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Intuit
  • Since our financials are kept very up to date, it helps us compare our financial results to prior years and it is used for our internal goal setting.
  • Due to the accountant copy function, we are able to provide better service since our clients are not waiting on us to fix historical data. They can continue their operations uninterrupted.
  • The import feature certainly speeds up the process of accounting for our payroll. As previously mentioned, it takes about a minute to do our entries for payroll and check them.
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