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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

    QuickBooks Online Advanced

    Score8.2 out of 10
    N/AQuickBooks 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
    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
    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
    Considered Both Products
    MYOB
    No answer on this topic
    Intuit
    No answer on this topic
    Key User Insights
    Would buy again
    50%
    Would buy again
    7 Answers
    91%
    Would buy again
    150 Answers
    Delivers good value for the price
    50%
    Delivers good value for the price
    6 Answers
    89%
    Delivers good value for the price
    134 Answers
    Happy with the feature set
    71%
    Happy with the feature set
    10 Answers
    93%
    Happy with the feature set
    153 Answers
    Lived up to sales and marketing promises
    50%
    Lived up to sales and marketing promises
    7 Answers
    91%
    Lived up to sales and marketing promises
    124 Answers
    Implementation went as expected
    64%
    Implementation went as expected
    9 Answers
    87%
    Implementation went as expected
    131 Answers
    Features
    MYOBQuickBooks Online Advanced
    Payroll Management
    Comparison of Payroll Management features of MYOB and QuickBooks Online Advanced
    Feature
    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 MYOB and QuickBooks Online Advanced
    Feature
    MYOB
    10.0
    7 Ratings
    28% above category average
    QuickBooks Online Advanced
    7.9
    116 Ratings
    4% above category average
    API for custom integration10.07 Ratings7.796 Ratings
    Plug-ins10.06 Ratings8.0101 Ratings
    Security
    Comparison of Security features of MYOB and QuickBooks Online Advanced
    Feature
    MYOB
    10.0
    12 Ratings
    20% above category average
    QuickBooks Online Advanced
    8.4
    210 Ratings
    3% above category average
    Single sign-on capability10.011 Ratings8.4184 Ratings
    Role-based user permissions10.012 Ratings8.3206 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of MYOB and QuickBooks Online Advanced
    Feature
    MYOB
    10.0
    12 Ratings
    24% above category average
    QuickBooks Online Advanced
    8.2
    225 Ratings
    5% above category average
    Dashboards10.011 Ratings8.3212 Ratings
    Standard reports10.012 Ratings8.5225 Ratings
    Custom reports10.011 Ratings7.7216 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of MYOB and QuickBooks Online Advanced
    Feature
    MYOB
    9.1
    16 Ratings
    18% above category average
    QuickBooks Online Advanced
    8.2
    233 Ratings
    7% above category average
    Accounts payable10.016 Ratings8.4220 Ratings
    Accounts receivable10.016 Ratings8.5219 Ratings
    Cash management10.015 Ratings8.5193 Ratings
    Bank reconciliation10.016 Ratings9.1223 Ratings
    Expense management10.012 Ratings8.5206 Ratings
    Time tracking6.07 Ratings7.7110 Ratings
    Fixed asset management10.09 Ratings00 Ratings
    Multi-currency support10.08 Ratings6.557 Ratings
    Multi-division support10.07 Ratings7.297 Ratings
    Regulations compliance10.09 Ratings8.3103 Ratings
    Electronic tax filing5.19 Ratings8.8127 Ratings
    Self-service portal6.37 Ratings7.9121 Ratings
    Global Financial Support10.06 Ratings00 Ratings
    Primary and Secondary Ledgers10.08 Ratings8.297 Ratings
    Intercompany Accounting10.06 Ratings8.099 Ratings
    Localizations10.06 Ratings00 Ratings
    Journals and Reconciliations10.012 Ratings8.4199 Ratings
    Enterprise Accounting2.84 Ratings7.988 Ratings
    Configurable Accounting10.09 Ratings8.4111 Ratings
    Centralized Rules Framework10.04 Ratings8.985 Ratings
    Standardized Processes10.08 Ratings8.4151 Ratings
    Inventory Management
    Comparison of Inventory Management features of MYOB and QuickBooks Online Advanced
    Feature
    MYOB
    10.0
    9 Ratings
    31% above category average
    QuickBooks Online Advanced
    6.3
    91 Ratings
    14% below category average
    Inventory tracking10.09 Ratings6.391 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 QuickBooks Online Advanced
    Feature
    MYOB
    10.0
    7 Ratings
    30% above category average
    QuickBooks Online Advanced
    6.8
    150 Ratings
    8% below category average
    Pricing10.07 Ratings6.8110 Ratings
    Order entry10.07 Ratings6.599 Ratings
    Credit card processing10.06 Ratings7.2129 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
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    Medium-sized Companies
    Accounting Seed
    Score9 out of 10
    MYOB
    Score8.3 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    Microsoft Dynamics GP
    Score5.4 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MYOBQuickBooks Online Advanced
    Likelihood to Recommend
    9.0
    (19 ratings)
    7.9
    (235 ratings)
    Likelihood to Renew
    9.5
    (2 ratings)
    9.8
    (20 ratings)
    Usability
    10.0
    (15 ratings)
    8.4
    (16 ratings)
    Availability
    -
    (0 ratings)
    8.1
    (4 ratings)
    Performance
    -
    (0 ratings)
    9.1
    (5 ratings)
    Support Rating
    1.2
    (14 ratings)
    -
    (0 ratings)
    Online Training
    -
    (0 ratings)
    9.0
    (3 ratings)
    Implementation Rating
    5.0
    (1 ratings)
    7.4
    (10 ratings)
    Configurability
    -
    (0 ratings)
    8.0
    (5 ratings)
    Ease of integration
    1.0
    (1 ratings)
    9.2
    (4 ratings)
    Product Scalability
    -
    (0 ratings)
    9.7
    (3 ratings)
    Vendor post-sale
    -
    (0 ratings)
    9.2
    (4 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    9.1
    (3 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.
    Incentivized
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    Intuit
    Well suited for a larger company with many classes that need to be differentiated. It is relatively intuitive to use, whether you have used other versions of QuickBooks, or any other accounting software. Easy to dig into your accounts from wither the Balance Sheet or the Profit and Loss when trying to analyze performance.
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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
    • Budgeting is easy to input. Our entities have multiple departments, so using classes to separate and report the results of each department is important.
    • Reports are easy to customize to provide meaningful data to the board and department managers.
    • QuickBooks Online Advanced has a large market share of accounting software in use, so it is relatively easy to find new employees with prior experience with QuickBooks Online Advanced.
    • Able to open both entities at the same time, which is helpful due to the number of transactions between the two entities.
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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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    Intuit
    • Continued growth around AI usage and tool.
    • There are still some reporting gaps that make setting up custom reports not absolutely top-tier.
    • There can be a lot of UI clutter as different features keep getting turned on. Can become harder to navigate.
    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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    Intuit
    It has become second nature to use Quick Books at the company. If you need a report you log in and pull the report. It helps expedite reconciliation of bank accounts, the automation of most tasks make it easy to get mundane tasks completed quickly.
    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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    Intuit
    QuickBooks Online Advanced is highly usable and intuitive for most day-to-day financial tasks. Its interface is clear, and core functions such as invoicing, reconciliation, and reporting are easy to perform. While some advanced features like report customization or integrations can be less straightforward, overall the platform offers a smooth and efficient user experience.
    Incentivized
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    Reliability and Availability
    MYOB
    No answers on this topic
    Intuit
    In the 5 years I have been using it, I cannot recall there ever having been an outage or not being able to access the system. Sure, there are issues with internet speeds sometimes that are unrelated to Intuit but it is a very reliable system.
    Incentivized
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    Performance
    MYOB
    No answers on this topic
    Intuit
    Since we do not integrate the software with other systems, I do not have any issues with speed related to that. Pages tend to load pretty quickly, but there are times when reports or other pages take a little longer to load than usual. It is not an overly frustrating amount of time, though, and it happens infrequently.
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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 is good enough.
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    Implementation Rating
    MYOB
    No answers on this topic
    Intuit
    I did not participate in this part particularly much. The implementation was simple and easy to perform. There were not any major issues that arose during the process. QuickBooks has made the processes pretty streamless and I believe they had anticipated many difficulties ahead of time. This was easy enough
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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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    Intuit
    QBO is great because it does accounting very well, and it can integrate well with everything. I appreciate that it has third-party integrations with many other software companies, so we can focus on doing our accounting through QuickBooks while adding other software as needed through those integrations.
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    Scalability
    MYOB
    No answers on this topic
    Intuit
    Software is very flexible
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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
    • Spreadsheet sync reduces manual data entry significantly. Exporting data into my customized Excel workbook that has complex formulas and macros for automating makes uploading changes and reconfiguring easy and convenient, saving a lot of time.
    • Automating AP approval has reduced lost paper copies, improved internal controls, and reduced audit findings.
    • Having banking connections has improved cash flow management, streamlined credit card expenses and reconciliation. I have found that utilizing it for my primary operating account actually makes things more difficult and can easily double-post payments, so I avoid using it on the checking account. It has been well for the credit card account, though.
    Incentivized
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    ScreenShots