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

Sage 500

Sage 500 ERP is great for companies with core accounting needs, distributors, and discrete manufacturers. Some areas, such as process manufacturing, would require a companion product from an ISV for the software to be truly functional. Some areas, such as construction or retail apparel, may simply not be well-served.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MYOB
1.4
Sage 500
7.4
Pay calculation
MYOB
2.0
Sage 500
9.0
Benefit plan administration
MYOB
1.0
Sage 500
6.0
Direct deposit files
MYOB
1.0
Sage 500
9.0
Salary revision and increment management
MYOB
1.0
Sage 500
8.0
Reimbursement management
MYOB
2.0
Sage 500
5.0

Customization

MYOB
4.5
Sage 500
4.5
API for custom integration
MYOB
4.0
Sage 500
7.0
Plug-ins
MYOB
5.0
Sage 500
2.0

Security

MYOB
6.1
Sage 500
5.0
Single sign-on capability
MYOB
6.4
Sage 500
2.0
Role-based user permissions
MYOB
5.8
Sage 500
8.0

Reporting & Analytics

MYOB
5.6
Sage 500
8.3
Dashboards
MYOB
3.3
Sage 500
8.0
Standard reports
MYOB
7.1
Sage 500
7.0
Custom reports
MYOB
6.5
Sage 500
10.0

General Ledger and Configurable Accounting

MYOB
4.5
Sage 500
6.6
Accounts payable
MYOB
5.4
Sage 500
7.0
Accounts receivable
MYOB
6.4
Sage 500
7.0
Cash management
MYOB
5.4
Sage 500
Bank reconciliation
MYOB
7.0
Sage 500
Expense management
MYOB
7.4
Sage 500
Time tracking
MYOB
1.0
Sage 500
Fixed asset management
MYOB
5.5
Sage 500
Multi-currency support
MYOB
1.0
Sage 500
Multi-division support
MYOB
1.0
Sage 500
Regulations compliance
MYOB
5.0
Sage 500
Electronic tax filing
MYOB
5.0
Sage 500
Self-service portal
MYOB
4.0
Sage 500
Global Financial Support
MYOB
Sage 500
2.0
Intercompany Accounting
MYOB
Sage 500
5.0
Journals and Reconciliations
MYOB
Sage 500
6.0
Enterprise Accounting
MYOB
Sage 500
5.0
Configurable Accounting
MYOB
Sage 500
8.0
Standardized Processes
MYOB
Sage 500
6.0

Inventory Management

MYOB
1.5
Sage 500
6.5
Inventory tracking
MYOB
3.0
Sage 500
9.0
Automatic reordering
MYOB
1.0
Sage 500
3.0
Location management
MYOB
1.0
Sage 500
8.0
Manufacturing module
MYOB
1.0
Sage 500
6.0

Order Management

MYOB
4.9
Sage 500
8.2
Pricing
MYOB
6.1
Sage 500
8.2
Order entry
MYOB
6.5
Sage 500
8.2
Credit card processing
MYOB
1.0
Sage 500
8.2
Cost of goods sold
MYOB
6.0
Sage 500
8.2

Subledger and Financial Process

MYOB
Sage 500
5.4
Automated Invoice Processing
MYOB
Sage 500
6.0
Shared Services Payments
MYOB
Sage 500
4.0
Billings Management
MYOB
Sage 500
8.0
Customer Receipt Applications
MYOB
Sage 500
4.0
Revenue Recognition
MYOB
Sage 500
8.0
Cash Management
MYOB
Sage 500
6.0
Asset Management
MYOB
Sage 500
7.0
Travel & Expense Management
MYOB
Sage 500
8.0
Budgetary Control & Encumbrance Accounting
MYOB
Sage 500
2.0
Period Close
MYOB
Sage 500
5.0
Transactions Tax
MYOB
Sage 500
3.0
Subledger Reconciliations
MYOB
Sage 500
2.0
3rd Party Accounting Systems
MYOB
Sage 500
7.0

Project Financial Management

MYOB
Sage 500
6.9
Budgeting and Forecasting
MYOB
Sage 500
1.0
Project Costing
MYOB
Sage 500
3.0
Cost Capture
MYOB
Sage 500
8.0
Capital Project Management
MYOB
Sage 500
9.0
Customer Invoicing
MYOB
Sage 500
8.0
Customer Contract Compliance
MYOB
Sage 500
9.0
Project Revenue Recognition
MYOB
Sage 500
9.0
Project Financial Performance Analysis
MYOB
Sage 500
7.0
Project Financials Dashboard
MYOB
Sage 500
8.0
Real-time Financial Reporting
MYOB
Sage 500
7.0

Project Execution Management

MYOB
Sage 500
4.5
Project Manager Dashboard
MYOB
Sage 500
8.0
Resource Manager Dashboard
MYOB
Sage 500
7.0
Task Insight for Project Managers
MYOB
Sage 500
7.0
Project Manager Mobile Functionality
MYOB
Sage 500
5.0
Team Member Task Collaboration
MYOB
Sage 500
5.0
Team Member Mobile Functionality
MYOB
Sage 500
4.0
Project Candidate Search
MYOB
Sage 500
4.0
Project Candidate Comparison and Analysis
MYOB
Sage 500
2.0
Real-Time Project Reporting
MYOB
Sage 500
2.0
Absence Management
MYOB
Sage 500
4.0
Product Lifecycle Management
MYOB
Sage 500
2.0

Grants Management

MYOB
Sage 500
7.5
Award Lifecycle Management
MYOB
Sage 500
6.0
Spending Control
MYOB
Sage 500
8.0
Indirect Cost Management
MYOB
Sage 500
8.0
Billing
MYOB
Sage 500
8.0

Procurement

MYOB
Sage 500
6.0
Sourcing Team Collaboration
MYOB
Sage 500
2.0
Sourcing Analysis
MYOB
Sage 500
2.0
Catalog Shopping E-Commerce for Employees
MYOB
Sage 500
2.0
Contract Authoring
MYOB
Sage 500
8.0
Contract Compliance Management
MYOB
Sage 500
4.0
Contract History
MYOB
Sage 500
8.0
Contract Renewal Automation
MYOB
Sage 500
8.0
Contract Repository
MYOB
Sage 500
10.0
Contract Standardization and Enforcement
MYOB
Sage 500
9.0
Electronic Signatures
MYOB
Sage 500
9.0
Invoice Automated Matching
MYOB
Sage 500
9.0
Purchasing Risk and Compliance Management
MYOB
Sage 500
6.0
Requisitions-to-Purchase Orders Integrated
MYOB
Sage 500
8.0
Spend Compliance Management
MYOB
Sage 500
5.0
Supplier Assessment
MYOB
Sage 500
3.0
Supplier Communication and Collaboration
MYOB
Sage 500
5.0
Supplier Management
MYOB
Sage 500
4.0

Risk Management

MYOB
Sage 500
4.3
Risk Repository
MYOB
Sage 500
3.0
Control Management
MYOB
Sage 500
7.0
Control Mapping
MYOB
Sage 500
2.0
Control Efficiency Assessments
MYOB
Sage 500
4.0
Automated Control Assessments
MYOB
Sage 500
6.0
Assessment Capture
MYOB
Sage 500
2.0
Automatic Notification
MYOB
Sage 500
7.0
Remediation and Certification
MYOB
Sage 500
3.0

Supply Chain

MYOB
Sage 500
1.3
Forecasting
MYOB
Sage 500
1.0
Inventory Planning
MYOB
Sage 500
2.0
Performance Monitoring
MYOB
Sage 500
1.0

Product Lifecycle Management

MYOB
Sage 500
5.3
Ideation Management
MYOB
Sage 500
2.0
Requirements Management
MYOB
Sage 500
7.0
Proposal Management
MYOB
Sage 500
7.0
Innovation Portfolio Management
MYOB
Sage 500
4.0
Product Master Data Management
MYOB
Sage 500
4.0
Project Portfolio Management
MYOB
Sage 500
8.0

Pros

MYOB

  • Invoices
  • Purchase Orders
Anonymous | TrustRadius Reviewer

Sage 500

  • Sage is the one-stop-shop for all of our needs. We're able to control contracts, subcontracts, and field reports from the program.
  • Another strength is the ability to database all the information and export it to excel. This makes data-based investigations a breeze.
  • The ability for Timberscan to be imported to Sage is a huge help with invoice management. Prior to this it all had to be done manually and slowed the process to an essential halt as there are thousands of invoices per month.
J. Mickey Merguerian | 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

Sage 500

  • The biggest concern/complaint of Sage 500 users is speed. Some of the screen take a while to load.
  • The user interface needs some refreshing. Screens need to be updated to take advantage of shortcuts and to be more intuitive.
Anonymous | 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

Sage 500

Sage 500 6.3
Based on 2 answers
It's too pricey for our size of company.
Lisa Kuta | TrustRadius Reviewer

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

Sage 500

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

Sage 500

No score
No answers yet
No answers on this topic

Online Training

MYOB

No score
No answers yet
No answers on this topic

Sage 500

Sage 500 6.0
Based on 1 answer
The online training courses are not up to date. We experienced technical issues with two of the classes.
Anonymous | TrustRadius Reviewer

Implementation Rating

MYOB

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

Sage 500

Sage 500 8.0
Based on 1 answer
Keep your database and application in different servers.
Install Microsoft Office on your application server so you can use some of the data analysis tools in Sage.
Anonymous | TrustRadius Reviewer

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

Sage 500

500 seems much smoother at handling some of the basic accounting tasks, for example both issuing and later reconciling checks in Dynamics AX seems a little tedious.
Anonymous | 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

Sage 500

  • Positive: The program allows for a lot of data entry and splitting of information. It has the capability of replacing multiple programs and therefore saving cost.
  • Negative: The modules are cumbersome and not user friendly at all. As a result not many user are comfortable using it. This means that the program is not being used to its capacity.
  • Negative: Although the program has the capacity to be great, the user interface destroys that potential. Sage needs to seriously work on their program to simplify it. It's as if it still uses Command-line entries from 1995. Needs to be updated ASAP.
J. Mickey Merguerian | TrustRadius Reviewer

Pricing Details

MYOB

General

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

Sage 500

General

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

Rating Summary

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