MYOB vs. QuickBooks Online Advanced

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 6.4 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 Online Advanced
Score 8.1 out of 10
N/A
QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.N/A
Pricing
MYOBQuickBooks Online Advanced
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 Online Advanced
Free Trial
YesYes
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 Online Advanced
Top Pros
Top Cons
Features
MYOBQuickBooks Online Advanced
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
12 Ratings
28% above category average
QuickBooks Online Advanced
-
Ratings
Pay calculation10.012 Ratings00 Ratings
Benefit plan administration10.08 Ratings00 Ratings
Direct deposit files10.010 Ratings00 Ratings
Salary revision and increment management10.08 Ratings00 Ratings
Reimbursement management10.08 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
7 Ratings
26% above category average
QuickBooks Online Advanced
8.2
95 Ratings
7% above category average
API for custom integration10.07 Ratings8.078 Ratings
Plug-ins10.06 Ratings8.483 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
12 Ratings
20% above category average
QuickBooks Online Advanced
8.0
166 Ratings
2% below category average
Single sign-on capability10.011 Ratings7.9148 Ratings
Role-based user permissions10.012 Ratings8.2162 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
9.9
12 Ratings
24% above category average
QuickBooks Online Advanced
8.2
179 Ratings
6% above category average
Dashboards9.911 Ratings8.7169 Ratings
Standard reports9.912 Ratings8.5178 Ratings
Custom reports9.911 Ratings7.3170 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 Online Advanced
8.2
182 Ratings
7% above category average
Accounts payable9.916 Ratings8.1176 Ratings
Accounts receivable9.916 Ratings8.6171 Ratings
Cash management9.915 Ratings7.9152 Ratings
Bank reconciliation9.916 Ratings8.4174 Ratings
Expense management9.912 Ratings8.5161 Ratings
Time tracking6.07 Ratings8.092 Ratings
Fixed asset management9.99 Ratings00 Ratings
Multi-currency support9.98 Ratings8.046 Ratings
Multi-division support9.97 Ratings7.978 Ratings
Regulations compliance9.99 Ratings8.082 Ratings
Electronic tax filing5.19 Ratings9.3101 Ratings
Self-service portal6.37 Ratings8.698 Ratings
Global Financial Support10.06 Ratings00 Ratings
Primary and Secondary Ledgers9.98 Ratings9.077 Ratings
Intercompany Accounting9.96 Ratings7.477 Ratings
Localizations10.06 Ratings00 Ratings
Journals and Reconciliations9.912 Ratings8.2158 Ratings
Enterprise Accounting2.84 Ratings7.268 Ratings
Configurable Accounting9.99 Ratings8.386 Ratings
Centralized Rules Framework10.04 Ratings8.166 Ratings
Standardized Processes9.98 Ratings8.0121 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
9 Ratings
28% above category average
QuickBooks Online Advanced
7.7
74 Ratings
2% above category average
Inventory tracking10.09 Ratings7.774 Ratings
Automatic reordering10.06 Ratings00 Ratings
Location management10.06 Ratings00 Ratings
Manufacturing module10.06 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
7 Ratings
26% above category average
QuickBooks Online Advanced
8.4
123 Ratings
9% above category average
Pricing10.07 Ratings8.290 Ratings
Order entry10.07 Ratings8.383 Ratings
Credit card processing10.06 Ratings8.7108 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
Best Alternatives
MYOBQuickBooks Online Advanced
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
Accounting Seed
Accounting Seed
Score 7.4 out of 10
Accounting Seed
Accounting Seed
Score 7.4 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.9 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBQuickBooks Online Advanced
Likelihood to Recommend
7.4
(19 ratings)
8.6
(183 ratings)
Likelihood to Renew
9.5
(2 ratings)
9.8
(6 ratings)
Usability
8.2
(15 ratings)
9.8
(4 ratings)
Support Rating
1.3
(14 ratings)
-
(0 ratings)
Online Training
-
(0 ratings)
9.1
(1 ratings)
Implementation Rating
5.0
(1 ratings)
6.4
(3 ratings)
Configurability
-
(0 ratings)
9.1
(1 ratings)
Ease of integration
1.0
(1 ratings)
-
(0 ratings)
User Testimonials
MYOBQuickBooks Online Advanced
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
Smaller businesses that need affordable accounting software that many people are used to should look at Quickbooks. QuickBooks makes it easier for people to access your books from multiple locations. If cost is an issue, QuickBooks is very affordable, given you do not need to install and maintain a server.
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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
  • It allows us to link to bank accounts in order to get up-to-date, real-time information, which is so important in today's lightning speed work world.
  • The "canned" reports are excellent and allow for extreme customization also. This makes them very helpful to both me and my clients.
  • The user interface for QuickBooks Online Advanced is easy to navigate and is intuitive for novices. The screens are well laid out and have cohesiveness on each screen to match tasks with others that match up well.
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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
  • Proper advice in QuickBooks Online Pro for the usage if QuickBooks Online Advanced will be more efficient.
  • More features and space in the app for organization of the self-created workflows.
  • The stability of QuickBooks Online Advanced can still be better.
  • There are still file-size issues and limitations on transactions and attributes of transactions.
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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
QuickBooks Online Advanced is not like any other accounting software. With how great the software is now, I would definitely renew QuickBooks Online Advanced
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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
QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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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
No answers on this topic
Online Training
MYOB
No answers on this topic
Intuit
The online training was easy to follow and understand. The online training gave us the specific instructions to follow
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Implementation Rating
MYOB
No answers on this topic
Intuit
Need to make an option for non-profit organizations
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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 Online Advanced isn’t as robust as Netsuite or Sage, but it is generally a great choice for most businesses. This software will meet or exceed the needs of most companies, and should be the first part of your accounting software decision. I would even reach out to a QuickBooks Online Advanced expert to ensure you need to step up to Sage or Netsuite before doing so on your own.
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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
  • QBOA has shown my clients the increase and decrease of my monthly income activity
  • I am able to project my income and spending more easily
  • The P&L reports has shown me a lot and by customizing to focus on my income and expenses has allowed me to better budget
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ScreenShots