What users are saying about
27 Ratings
27 Ratings
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Score 7.1 out of 101
92 Ratings
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Score 7.6 out of 101

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 profile photo

Sage 50 Accounting

Sage is great for portability and exchange with external accountants as it is widely used and people will be able to read your data in. It's a very good and complete solution for a little business where one person can handle all of the accounting. I doubt that it scales well to large companies with several in-house accountants working at the same time.
No photo available

Feature Rating Comparison

Payroll Management

MYOB
1.4
Sage 50 Accounting
8.5
Pay calculation
MYOB
2.0
Sage 50 Accounting
9.1
Benefit plan administration
MYOB
1.0
Sage 50 Accounting
8.5
Direct deposit files
MYOB
1.0
Sage 50 Accounting
8.0
Salary revision and increment management
MYOB
1.0
Sage 50 Accounting
8.5
Reimbursement management
MYOB
2.0
Sage 50 Accounting
8.5

Customization

MYOB
4.5
Sage 50 Accounting
7.0
API for custom integration
MYOB
4.0
Sage 50 Accounting
6.9
Plug-ins
MYOB
5.0
Sage 50 Accounting
7.0

Security

MYOB
6.1
Sage 50 Accounting
9.9
Single sign-on capability
MYOB
6.4
Sage 50 Accounting
9.8
Role-based user permissions
MYOB
5.8
Sage 50 Accounting
10.0

Reporting & Analytics

MYOB
5.6
Sage 50 Accounting
8.0
Dashboards
MYOB
3.3
Sage 50 Accounting
5.8
Standard reports
MYOB
7.1
Sage 50 Accounting
8.7
Custom reports
MYOB
6.5
Sage 50 Accounting
9.5

General Ledger and Configurable Accounting

MYOB
4.5
Sage 50 Accounting
9.4
Accounts payable
MYOB
5.4
Sage 50 Accounting
9.1
Accounts receivable
MYOB
6.4
Sage 50 Accounting
9.1
Cash management
MYOB
5.4
Sage 50 Accounting
9.3
Bank reconciliation
MYOB
7.0
Sage 50 Accounting
10.0
Expense management
MYOB
7.4
Sage 50 Accounting
9.1
Time tracking
MYOB
1.0
Sage 50 Accounting
10.0
Fixed asset management
MYOB
5.5
Sage 50 Accounting
9.7
Multi-currency support
MYOB
1.0
Sage 50 Accounting
8.5
Multi-division support
MYOB
1.0
Sage 50 Accounting
10.0
Regulations compliance
MYOB
5.0
Sage 50 Accounting
8.5
Electronic tax filing
MYOB
5.0
Sage 50 Accounting
10.0
Self-service portal
MYOB
4.0
Sage 50 Accounting
10.0
Global Financial Support
MYOB
Sage 50 Accounting
8.0
Primary and Secondary Ledgers
MYOB
Sage 50 Accounting
10.0
Intercompany Accounting
MYOB
Sage 50 Accounting
10.0
Localizations
MYOB
Sage 50 Accounting
10.0
Journals and Reconciliations
MYOB
Sage 50 Accounting
8.8
Enterprise Accounting
MYOB
Sage 50 Accounting
8.5
Configurable Accounting
MYOB
Sage 50 Accounting
10.0
Standardized Processes
MYOB
Sage 50 Accounting
10.0

Inventory Management

MYOB
1.5
Sage 50 Accounting
6.8
Inventory tracking
MYOB
3.0
Sage 50 Accounting
8.0
Automatic reordering
MYOB
1.0
Sage 50 Accounting
6.4
Location management
MYOB
1.0
Sage 50 Accounting
6.8
Manufacturing module
MYOB
1.0
Sage 50 Accounting
5.9

Order Management

MYOB
4.9
Sage 50 Accounting
10.0
Pricing
MYOB
6.1
Sage 50 Accounting
10.0
Order entry
MYOB
6.5
Sage 50 Accounting
9.8
Credit card processing
MYOB
1.0
Sage 50 Accounting
10.0
Cost of goods sold
MYOB
6.0
Sage 50 Accounting
10.0
Order Orchestration
MYOB
Sage 50 Accounting
10.0
End-to-end order visibility
MYOB
Sage 50 Accounting
10.0
Order exception Resolution
MYOB
Sage 50 Accounting
10.0

Pros

MYOB

  • Expense tracking
  • Payables Tracking
  • Receivables Tracking
  • Aging
Stephen Lalla profile photo

Sage 50 Accounting

  • We can build "templates" for recurrent charges/invoices. This saves some time and also ensures that we always use the right accounting rubric.
  • A lot of additional information can be filled out such as client information (name, address, ...) which makes the software a little more complete.
  • If you don't need an updated version every year (my case) then the software is not too expensive. The pro version that I'm using was just a little over $300.
  • I really like the banking statement consolidation which allows you to ensure you got the right information registered.
No photo available

Cons

MYOB

  • At the time there wasn't a cloud based option and it had to be hosted locally.
  • Some of the templates were harder to alter than they should have been.
  • I found the updates to be rather expensive as at times there didn't seem to be much enhancements.
  • Support was tricky and not always as responsive as I would have preferred.
Stephen Lalla profile photo

Sage 50 Accounting

  • Sage 50 could use some improvement in the Invoicing Module to allow for more flexibility in the design of the Invoice fields. The report customization tools could use some upgrading for easier use.
  • Fixed assets management module needs to be included with unlimited number of fixed assets.
Reno M. Borgognoni, CPA, CIA, CGMA profile photo

Likelihood to Renew

MYOB

MYOB 9.5
Based on 2 answers
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
Kati Hesley profile photo

Sage 50 Accounting

Sage 50 Accounting 9.6
Based on 12 answers
We are invested in the product after twenty years.
Emily Dykema profile photo

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 profile photo

Sage 50 Accounting

Sage 50 Accounting 8.9
Based on 4 answers
It is easy to use and very logical.
Wanda McNamara profile photo

Support

MYOB

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

Sage 50 Accounting

Sage 50 Accounting 9.4
Based on 3 answers
They were very knowledgeable of the product, understood my timeline was limited for a software issue and allowed me to get back to my day to day work. The dial into your computer is great so you can monitor what they are doing and learn some tricks yourself
Karen Rollins profile photo

Implementation

MYOB

MYOB 5.0
Based on 1 answer
No answer on this topic is available.

Sage 50 Accounting

Sage 50 Accounting 9.0
Based on 4 answers
I do great work and have implemented many companies
Wanda McNamara profile photo

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 profile photo

Sage 50 Accounting

I have used mainframe type programs with more bells and whistles than Sage 50. For what we do, that expensive software is a waste of money. Sage 50 is a solid program. I have used QuickBooks and they have online software that is an advantage. But it's not as good in ways an accountant would like. Most business owners that use QuickBooks need to send their reports to an accountant to put into a usable format for tax. That's the advantage an accountant or bookkeeper has in an organization regardless of the software used.
No photo available

Scalability

MYOB

No score
No answers yet
No answers on this topic

Sage 50 Accounting

Sage 50 Accounting 9.1
Based on 1 answer
I define scalable from two perspectives; 1) the scalability to handle more bookkeepers/accountants using the product, and 2) the scalability to handle increasing customer/vendor/employee and transactional data. Sage 50 does a good job on both fronts. From the single users operating a micro-business accounting for customer invoices and bill payments only, to the multi-staff, multi-location, multi-departmental complex transactional operation. Although Sage 50 is quite expensive for that smallest user, it is quite inexpensive for the larger business entity. So, for the new enterprise expecting rapid growth, Sage 50 is the application of choice.
Reno M. Borgognoni, CPA, CIA, CGMA profile photo

Return on Investment

MYOB

  • 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.
Stephen Lalla profile photo

Sage 50 Accounting

  • The problem with any accounting program is it's the reporter of news not the reason for income or expenses. It has saved us money because it automates many systems that would be cumbersome otherwise.
  • My government auditors love Sage 50 and it's reporting ability.
  • When used properly Sage 50 will give you the information you need for any type of reporting easily.
No photo available

Pricing Details

MYOB

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?

MYOB Editions & Modules

MYOB
Additional Pricing Details

Sage 50 Accounting

General

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

Sage 50 Accounting Editions & Modules

Sage 50 Accounting
Edition
Sage 50 Pro Accounting
$2991
Sage 50 Premium Accounting
$4492
Sage 50 Quantum Accounting 3 User
Starting at $1,4993
1. Per year
2. Per Year
3. Per year
Additional Pricing Details
Annual traditional plan with license, monthly, and annual subscription plans available.

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