Likelihood to Recommend
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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QuickBooks is a great way to manage your business finances and payroll. Even though there a things that are not perfect the software or product is the best I've experienced for small businesses. I highly recommend QuickBooks Online Advanced. It allows small businesses to manage inventory and utilizing the POS system works for many businesses. I don't have a need for the POS but I have heard good things about it.
Read full review Pros 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. Read full review QuickBooks Online Advanced has all that is already in Plus, with the popular ability to track by classes. It has a lot of exclusive features. First to mention reporting. QuickBooks Online Advanced performes batch invoice import. QuickBooks Online Advanced allows custom permissions for individuals. A dedicated account team, features for advanced business analytics, accounting employee expenses, other workflow automations and more. Steffen Jäschke
Projektspezialist bei Steffen Jäschke EinzUnt Physik, Berechnungen
Read full review Cons [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 Read full review Extremely slow data entry rates for all forms: invoices, sales receipts, POs, bills, bill payments, checks, and deposits. If you are heavy into data entry like this, QB desktop will run circles around QB online. Need to refresh browser tabs containing reports, transactions, and reconciliations because they do not automatically update after entering or changing a transaction. This requires you to monitor the app to be sure the information it is giving you is accurate or at least makes sense after you make entries or adjustments. Inadequate tablet/phone app -- very limited functions, especially for a business owner. A quasi-desktop/cloud interface app for QB Online that in the past caused blue screen errors for me, requiring uninstallation. Quality of support varies SIGNIFICANTLY depending on time of year, current onshore or offshore strategy of Intuit, and organization of support delivery. Extremely weak support and willingness to stand by their merchant services, in one case causing a month-long delay to receive payment on a check from a regular customer who banked at the same bank as me. And the CEO's office could not resolve either. Loyalty to customers and advisor networks has consistently decreased. Costs continue to rise, well before our recent inflationary period, roughly doubling in about 5 to 6 years. Will sell your employees' salaries to credit monitoring services without your actively taking steps to prevent. "Anonymizes" your business' performance data to share with other business owners, including your competitors. It is unclear how much is shared and to what depth. You cannot opt out. If you don't know what you are doing, or if your bookkeeper doesn't, you can create one helluva mess. Introductory offers for product set-up and advice (from Intuit directly) are weak. For implementing QBO you really need training from someone who can work directly with you on your books. This is increasingly true as you move up the ladder of product complexity/function. Software look, feel, and feature changes that happen with no real notice of what is coming and its impact on your work flow. Read full review Likelihood to Renew
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
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QuickBooks Online Advanced is not like any other accounting software. With how great the software is now, I would definitely renew QuickBooks Online Advanced
Read full review Usability
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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QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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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.
Read full review Online Training
The online training was easy to follow and understand. The online training gave us the specific instructions to follow
Read full review Implementation Rating
I dont have any
Read full review Alternatives Considered
Not even close. Though I will say MYOB had a budget module where
doesn't which is one thing severely lacking in
. On the other hand,
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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QuickBooks Desktop provides slightly more features and functionality, at the cost of disk space and the lack of cloud access. We chose the Online version of this software as the accounting and finance staff travel frequently and may access information remotely. QuickBooks provides significantly less features and functionality than Oracle NetSuite, but it comes at a fraction of the cost. As a smaller startup, NetSuite is not affordable for us at this time.
Read full review Return on Investment 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. Read full review I know where are bank accounts stand all in one place. I know who has paid me, who has yet to pay me, and the amount of invoices outstanding and how much I can expect to earn in a month. Quickbooks keeps me organized in every aspect of the business. Read full review ScreenShots