What users are saying about
28 Ratings
28 Ratings
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Score 3.8 out of 100
34 Ratings
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Score 8.9 out of 100

Likelihood to Recommend

MYOB

For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Stephen Lalla | TrustRadius Reviewer

QuickBooks Self-Employed

QuickBooks Self-Employed is a very detailed software to keep track of your finances and tax obligations. I'm reviewing the online version here and honestly, if you are into QuickBooks, it might be worth looking into the stand-alone software version. Ideally, if you work remotely, in various places and on more than one computer (desktop or laptop) then QuickBooks online is a good idea. But the slow interface is troubling to me and I spend a lot of time going through and correcting entries QuickBooks imports from my bank account. In fact, I've gone back to my stand-alone version of Quicken.
Tim Vahsholtz | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MYOB
1.4
QuickBooks Self-Employed
7.4
Pay calculation
MYOB
2.0
QuickBooks Self-Employed
9.0
Benefit plan administration
MYOB
1.0
QuickBooks Self-Employed
6.5
Direct deposit files
MYOB
1.0
QuickBooks Self-Employed
8.5
Salary revision and increment management
MYOB
1.0
QuickBooks Self-Employed
6.5
Reimbursement management
MYOB
2.0
QuickBooks Self-Employed
6.5

Customization

MYOB
4.5
QuickBooks Self-Employed
7.0
API for custom integration
MYOB
4.0
QuickBooks Self-Employed
7.0
Plug-ins
MYOB
5.0
QuickBooks Self-Employed
7.0

Security

MYOB
6.1
QuickBooks Self-Employed
8.8
Single sign-on capability
MYOB
6.4
QuickBooks Self-Employed
9.2
Role-based user permissions
MYOB
5.8
QuickBooks Self-Employed
8.5

Reporting & Analytics

MYOB
5.6
QuickBooks Self-Employed
8.5
Dashboards
MYOB
3.3
QuickBooks Self-Employed
8.5
Standard reports
MYOB
7.1
QuickBooks Self-Employed
8.4
Custom reports
MYOB
6.5
QuickBooks Self-Employed
8.6

General Ledger and Configurable Accounting

MYOB
4.5
QuickBooks Self-Employed
7.9
Accounts payable
MYOB
5.4
QuickBooks Self-Employed
8.5
Accounts receivable
MYOB
6.4
QuickBooks Self-Employed
8.9
Cash management
MYOB
5.4
QuickBooks Self-Employed
7.7
Bank reconciliation
MYOB
7.0
QuickBooks Self-Employed
8.5
Expense management
MYOB
7.4
QuickBooks Self-Employed
8.7
Time tracking
MYOB
1.0
QuickBooks Self-Employed
7.0
Fixed asset management
MYOB
5.5
QuickBooks Self-Employed
7.0
Multi-currency support
MYOB
1.0
QuickBooks Self-Employed
8.0
Multi-division support
MYOB
1.0
QuickBooks Self-Employed
7.0
Regulations compliance
MYOB
5.0
QuickBooks Self-Employed
6.0
Electronic tax filing
MYOB
5.0
QuickBooks Self-Employed
8.4
Self-service portal
MYOB
4.0
QuickBooks Self-Employed
9.4
Global Financial Support
MYOB
QuickBooks Self-Employed
9.0
Primary and Secondary Ledgers
MYOB
QuickBooks Self-Employed
9.0
Intercompany Accounting
MYOB
QuickBooks Self-Employed
8.0
Localizations
MYOB
QuickBooks Self-Employed
8.0
Journals and Reconciliations
MYOB
QuickBooks Self-Employed
7.3
Enterprise Accounting
MYOB
QuickBooks Self-Employed
8.0
Configurable Accounting
MYOB
QuickBooks Self-Employed
7.0
Centralized Rules Framework
MYOB
QuickBooks Self-Employed
8.0
Standardized Processes
MYOB
QuickBooks Self-Employed
6.7

Inventory Management

MYOB
1.5
QuickBooks Self-Employed
6.7
Inventory tracking
MYOB
3.0
QuickBooks Self-Employed
7.5
Automatic reordering
MYOB
1.0
QuickBooks Self-Employed
6.5
Location management
MYOB
1.0
QuickBooks Self-Employed
7.0
Manufacturing module
MYOB
1.0
QuickBooks Self-Employed
6.0

Order Management

MYOB
4.9
QuickBooks Self-Employed
7.9
Pricing
MYOB
6.1
QuickBooks Self-Employed
8.5
Order entry
MYOB
6.5
QuickBooks Self-Employed
9.5
Credit card processing
MYOB
1.0
QuickBooks Self-Employed
7.7
Cost of goods sold
MYOB
6.0
QuickBooks Self-Employed
7.5
Order Orchestration
MYOB
QuickBooks Self-Employed
7.0
End-to-end order visibility
MYOB
QuickBooks Self-Employed
7.0
Order exception Resolution
MYOB
QuickBooks Self-Employed
8.0

Pros

MYOB

  • Invoices
  • Purchase Orders
Anonymous | TrustRadius Reviewer

QuickBooks Self-Employed

  • Cross-platform compatibility (Browser, Android) makes it easy to see how my business is doing almost anywhere.
  • Smart enough to recognize and automatically categorize most of my transactions, so I don't have to fuss with spreadsheets at the end of the year.
  • Updates automatically and notifies me when it needs help, so I don't have to spend too much time babysitting it.
  • Integrated with TurboTax and automatically exports year-end tax info for easy filing.
Benjamin E. Jerew | TrustRadius Reviewer

Cons

MYOB

  • Allows the client to manipulate dates when that can screw up their books
  • constantly freezes which causes the file to be corrupt
  • force balances the balance sheet
Kati Hesley | TrustRadius Reviewer

QuickBooks Self-Employed

  • Automatic mileage tracking used to work a lot better than it currently does. I got a new phone, and now I have to manually input call tracking, because it just doesn't work anymore.
  • When creating invoices, there should be a way to import data into an invoices from Excel, which would make the invoicing a lot faster. Additionally, being able to press ENTER to save a line item on an invoice would be nice. Currently it doesn't work that way.
  • Editing invoices shouldn't require sending a reminder.
Aaron Metzger | TrustRadius Reviewer

Likelihood to Renew

MYOB

MYOB 9.5
Based on 2 answers
We have been looking in to other cloud based accounting options.
Anonymous | TrustRadius Reviewer

QuickBooks Self-Employed

QuickBooks Self-Employed 10.0
Based on 1 answer
No answer on this topic is available.

Usability

MYOB

MYOB 10.0
Based on 1 answer
It is easy to use - I just don't agree with restrictions and functionality
Kati Hesley | TrustRadius Reviewer

QuickBooks Self-Employed

No score
No answers yet
No answers on this topic

Support Rating

MYOB

MYOB 1.0
Based on 1 answer
They aren't willing to help at all unless you pay
Kati Hesley | TrustRadius Reviewer

QuickBooks Self-Employed

No score
No answers yet
No answers on this topic

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.
Stephen Lalla | TrustRadius Reviewer

QuickBooks Self-Employed

FreshBooks limited my ability to categorize transactions, specifically removing duplicates or excluding them. I selected QuickBooks Self-Employed because it allowed me to be in control of items. Sometimes accounting is just making sure things are organized the way YOU think, and FreshBooks wasn't doing that for me.
Jonathan Palance | TrustRadius Reviewer

Return on Investment

MYOB

  • MYOB dropped software updates for Apple IOS
  • Lack of software updates / support had a MAJOR NEGATIVE IMPACT
Anonymous | TrustRadius Reviewer

QuickBooks Self-Employed

  • A positive impact on my business is, of course, keeping track of income and expenses, and approximate quarterly taxes. QuickBooks is a little better at this than Quicken, I think.
  • By using QuickBooks (and Quicken) it saves me having to spend money on an accountant. (At least up to this point.)
  • However, the time I spend on daily or weekly entries takes billable time away from other things.
Tim Vahsholtz | TrustRadius Reviewer

Pricing Details

MYOB

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

QuickBooks Self-Employed

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

MYOB
1.0
QuickBooks Self-Employed
9.1

Likelihood to Renew

MYOB
9.5
QuickBooks Self-Employed
10.0

Usability

MYOB
10.0
QuickBooks Self-Employed

Support Rating

MYOB
1.0
QuickBooks Self-Employed

Implementation Rating

MYOB
5.0
QuickBooks Self-Employed

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