What users are saying about
67 Ratings
34 Ratings
67 Ratings
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Score 6.2 out of 100
34 Ratings
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Score 7.3 out of 100

Feature Set Ratings

  • MYOB ranks higher in 2 feature sets: Customization, Security
  • Sage 500 ERP ranks higher in 5 feature sets: Payroll Management, Reporting & Analytics, General Ledger and Configurable Accounting, Inventory Management, Order Management

Payroll Management

6.6

MYOB

66%
7.4

Sage 500

74%
Sage 500 ERP ranks higher in 3/5 features

Pay calculation

7.1
71%
11 Ratings
9.0
90%
1 Rating

Benefit plan administration

6.5
65%
7 Ratings
6.0
60%
1 Rating

Direct deposit files

6.8
68%
9 Ratings
9.0
90%
1 Rating

Salary revision and increment management

6.5
65%
7 Ratings
8.0
80%
1 Rating

Reimbursement management

6.2
62%
7 Ratings
5.0
50%
1 Rating

Customization

5.5

MYOB

55%
4.5

Sage 500

45%
MYOB ranks higher in 1/2 features

API for custom integration

5.4
54%
6 Ratings
7.0
70%
2 Ratings

Plug-ins

5.5
55%
5 Ratings
2.0
20%
2 Ratings

Security

6.8

MYOB

68%
5.0

Sage 500

50%
MYOB ranks higher in 1/2 features

Single sign-on capability

6.6
66%
10 Ratings
2.0
20%
2 Ratings

Role-based user permissions

7.1
71%
11 Ratings
8.0
80%
2 Ratings

Reporting & Analytics

6.0

MYOB

60%
8.3

Sage 500

83%
Sage 500 ERP ranks higher in 3/3 features

Dashboards

6.2
62%
10 Ratings
8.0
80%
2 Ratings

Standard reports

6.4
64%
11 Ratings
7.0
70%
2 Ratings

Custom reports

5.5
55%
10 Ratings
10.0
100%
2 Ratings

General Ledger and Configurable Accounting

5.3

MYOB

53%
6.6

Sage 500

66%
MYOB ranks higher in 14/21 features

Accounts payable

6.4
64%
15 Ratings
7.0
70%
2 Ratings

Accounts receivable

6.4
64%
15 Ratings
7.0
70%
2 Ratings

Cash management

5.8
58%
14 Ratings
N/A
0 Ratings

Bank reconciliation

6.4
64%
15 Ratings
N/A
0 Ratings

Expense management

6.5
65%
11 Ratings
N/A
0 Ratings

Time tracking

5.6
56%
6 Ratings
N/A
0 Ratings

Fixed asset management

5.0
50%
8 Ratings
N/A
0 Ratings

Multi-currency support

3.3
33%
7 Ratings
N/A
0 Ratings

Multi-division support

3.7
37%
6 Ratings
N/A
0 Ratings

Regulations compliance

4.9
49%
8 Ratings
N/A
0 Ratings

Electronic tax filing

5.9
59%
9 Ratings
N/A
0 Ratings

Self-service portal

5.4
54%
7 Ratings
N/A
0 Ratings

Global Financial Support

5.9
59%
5 Ratings
2.0
20%
1 Rating

Primary and Secondary Ledgers

5.6
56%
7 Ratings
N/A
0 Ratings

Intercompany Accounting

3.9
39%
5 Ratings
5.0
50%
1 Rating

Localizations

5.9
59%
5 Ratings
N/A
0 Ratings

Journals and Reconciliations

5.8
58%
11 Ratings
6.0
60%
1 Rating

Enterprise Accounting

4.7
47%
4 Ratings
5.0
50%
1 Rating

Configurable Accounting

5.4
54%
8 Ratings
8.0
80%
1 Rating

Centralized Rules Framework

3.9
39%
3 Ratings
N/A
0 Ratings

Standardized Processes

5.6
56%
7 Ratings
6.0
60%
1 Rating

Inventory Management

5.0

MYOB

50%
6.5

Sage 500

65%
Sage 500 ERP ranks higher in 3/4 features

Inventory tracking

6.6
66%
8 Ratings
9.0
90%
2 Ratings

Automatic reordering

4.7
47%
5 Ratings
3.0
30%
2 Ratings

Location management

4.5
45%
5 Ratings
8.0
80%
2 Ratings

Manufacturing module

4.3
43%
5 Ratings
6.0
60%
2 Ratings

Order Management

5.5

MYOB

55%
8.2

Sage 500

82%
Sage 500 ERP ranks higher in 4/7 features

Pricing

5.5
55%
6 Ratings
8.2
82%
1 Rating

Order entry

5.5
55%
6 Ratings
8.2
82%
1 Rating

Credit card processing

5.5
55%
5 Ratings
8.2
82%
1 Rating

Cost of goods sold

5.5
55%
6 Ratings
8.2
82%
1 Rating

Order Orchestration

5.5
55%
4 Ratings
N/A
0 Ratings

End-to-end order visibility

5.5
55%
4 Ratings
N/A
0 Ratings

Order exception Resolution

5.5
55%
4 Ratings
N/A
0 Ratings

Subledger and Financial Process

MYOB

Feature Set Not Supported
N/A
5.4

Sage 500

54%
Sage 500 ERP ranks higher in 13/13 features

Automated Invoice Processing

N/A
0 Ratings
6.0
60%
1 Rating

Shared Services Payments

N/A
0 Ratings
4.0
40%
1 Rating

Billings Management

N/A
0 Ratings
8.0
80%
1 Rating

Customer Receipt Applications

N/A
0 Ratings
4.0
40%
1 Rating

Revenue Recognition

N/A
0 Ratings
8.0
80%
1 Rating

Cash Management

N/A
0 Ratings
6.0
60%
1 Rating

Asset Management

N/A
0 Ratings
7.0
70%
1 Rating

Travel & Expense Management

N/A
0 Ratings
8.0
80%
1 Rating

Budgetary Control & Encumbrance Accounting

N/A
0 Ratings
2.0
20%
1 Rating

Period Close

N/A
0 Ratings
5.0
50%
1 Rating

Transactions Tax

N/A
0 Ratings
3.0
30%
1 Rating

Subledger Reconciliations

N/A
0 Ratings
2.0
20%
1 Rating

3rd Party Accounting Systems

N/A
0 Ratings
7.0
70%
1 Rating

Project Financial Management

MYOB

Feature Set Not Supported
N/A
6.9

Sage 500

69%
Sage 500 ERP ranks higher in 10/10 features

Budgeting and Forecasting

N/A
0 Ratings
1.0
10%
1 Rating

Project Costing

N/A
0 Ratings
3.0
30%
1 Rating

Cost Capture

N/A
0 Ratings
8.0
80%
1 Rating

Capital Project Management

N/A
0 Ratings
9.0
90%
1 Rating

Customer Invoicing

N/A
0 Ratings
8.0
80%
1 Rating

Customer Contract Compliance

N/A
0 Ratings
9.0
90%
1 Rating

Project Revenue Recognition

N/A
0 Ratings
9.0
90%
1 Rating

Project Financial Performance Analysis

N/A
0 Ratings
7.0
70%
1 Rating

Project Financials Dashboard

N/A
0 Ratings
8.0
80%
1 Rating

Real-time Financial Reporting

N/A
0 Ratings
7.0
70%
1 Rating

Project Execution Management

MYOB

Feature Set Not Supported
N/A
4.5

Sage 500

45%
Sage 500 ERP ranks higher in 11/11 features

Project Manager Dashboard

N/A
0 Ratings
8.0
80%
1 Rating

Resource Manager Dashboard

N/A
0 Ratings
7.0
70%
1 Rating

Task Insight for Project Managers

N/A
0 Ratings
7.0
70%
1 Rating

Project Manager Mobile Functionality

N/A
0 Ratings
5.0
50%
1 Rating

Team Member Task Collaboration

N/A
0 Ratings
5.0
50%
1 Rating

Team Member Mobile Functionality

N/A
0 Ratings
4.0
40%
1 Rating

Project Candidate Search

N/A
0 Ratings
4.0
40%
1 Rating

Project Candidate Comparison and Analysis

N/A
0 Ratings
2.0
20%
1 Rating

Real-Time Project Reporting

N/A
0 Ratings
2.0
20%
1 Rating

Absence Management

N/A
0 Ratings
4.0
40%
1 Rating

Product Lifecycle Management

N/A
0 Ratings
2.0
20%
1 Rating

Grants Management

MYOB

Feature Set Not Supported
N/A
7.5

Sage 500

75%
Sage 500 ERP ranks higher in 4/4 features

Award Lifecycle Management

N/A
0 Ratings
6.0
60%
1 Rating

Spending Control

N/A
0 Ratings
8.0
80%
1 Rating

Indirect Cost Management

N/A
0 Ratings
8.0
80%
1 Rating

Billing

N/A
0 Ratings
8.0
80%
1 Rating

Procurement

MYOB

Feature Set Not Supported
N/A
6.0

Sage 500

60%
Sage 500 ERP ranks higher in 17/17 features

Sourcing Team Collaboration

N/A
0 Ratings
2.0
20%
1 Rating

Sourcing Analysis

N/A
0 Ratings
2.0
20%
1 Rating

Catalog Shopping E-Commerce for Employees

N/A
0 Ratings
2.0
20%
1 Rating

Contract Authoring

N/A
0 Ratings
8.0
80%
1 Rating

Contract Compliance Management

N/A
0 Ratings
4.0
40%
1 Rating

Contract History

N/A
0 Ratings
8.0
80%
1 Rating

Contract Renewal Automation

N/A
0 Ratings
8.0
80%
1 Rating

Contract Repository

N/A
0 Ratings
10.0
100%
1 Rating

Contract Standardization and Enforcement

N/A
0 Ratings
9.0
90%
1 Rating

Electronic Signatures

N/A
0 Ratings
9.0
90%
1 Rating

Invoice Automated Matching

N/A
0 Ratings
9.0
90%
1 Rating

Purchasing Risk and Compliance Management

N/A
0 Ratings
6.0
60%
1 Rating

Requisitions-to-Purchase Orders Integrated

N/A
0 Ratings
8.0
80%
1 Rating

Spend Compliance Management

N/A
0 Ratings
5.0
50%
1 Rating

Supplier Assessment

N/A
0 Ratings
3.0
30%
1 Rating

Supplier Communication and Collaboration

N/A
0 Ratings
5.0
50%
1 Rating

Supplier Management

N/A
0 Ratings
4.0
40%
1 Rating

Risk Management

MYOB

Feature Set Not Supported
N/A
4.3

Sage 500

43%
Sage 500 ERP ranks higher in 8/8 features

Risk Repository

N/A
0 Ratings
3.0
30%
1 Rating

Control Management

N/A
0 Ratings
7.0
70%
1 Rating

Control Mapping

N/A
0 Ratings
2.0
20%
1 Rating

Control Efficiency Assessments

N/A
0 Ratings
4.0
40%
1 Rating

Automated Control Assessments

N/A
0 Ratings
6.0
60%
1 Rating

Assessment Capture

N/A
0 Ratings
2.0
20%
1 Rating

Automatic Notification

N/A
0 Ratings
7.0
70%
1 Rating

Remediation and Certification

N/A
0 Ratings
3.0
30%
1 Rating

Supply Chain

MYOB

Feature Set Not Supported
N/A
1.3

Sage 500

13%
Sage 500 ERP ranks higher in 3/3 features

Forecasting

N/A
0 Ratings
1.0
10%
1 Rating

Inventory Planning

N/A
0 Ratings
2.0
20%
1 Rating

Performance Monitoring

N/A
0 Ratings
1.0
10%
1 Rating

Product Lifecycle Management

MYOB

Feature Set Not Supported
N/A
5.3

Sage 500

53%
Sage 500 ERP ranks higher in 6/6 features

Ideation Management

N/A
0 Ratings
2.0
20%
1 Rating

Requirements Management

N/A
0 Ratings
7.0
70%
1 Rating

Proposal Management

N/A
0 Ratings
7.0
70%
1 Rating

Innovation Portfolio Management

N/A
0 Ratings
4.0
40%
1 Rating

Product Master Data Management

N/A
0 Ratings
4.0
40%
1 Rating

Project Portfolio Management

N/A
0 Ratings
8.0
80%
1 Rating

Attribute Ratings

  • MYOB is rated higher in 2 areas: Likelihood to Recommend, Likelihood to Renew
  • Sage 500 ERP is rated higher in 1 area: Implementation Rating

Likelihood to Recommend

5.4

MYOB

54%
17 Ratings
2.0

Sage 500

20%
4 Ratings

Likelihood to Renew

9.5

MYOB

95%
2 Ratings
6.3

Sage 500

63%
2 Ratings

Usability

5.7

MYOB

57%
13 Ratings

Sage 500

N/A
0 Ratings

Support Rating

5.3

MYOB

53%
14 Ratings

Sage 500

N/A
0 Ratings

Online Training

MYOB

N/A
0 Ratings
6.0

Sage 500

60%
1 Rating

Implementation Rating

5.0

MYOB

50%
2 Ratings
8.0

Sage 500

80%
2 Ratings

Ease of integration

1.0

MYOB

10%
1 Rating

Sage 500

N/A
0 Ratings

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.
Read full review

Sage

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.
Read full review

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.
Read full review

Sage

  • 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.
Read full review

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
Read full review

Sage

  • 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.
Read full review

Pricing Details

MYOB

Starting Price

Editions & Modules

MYOB editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    Sage 500

    Starting Price

    Editions & Modules

    Sage 500 editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      MYOB

      Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
      Read full review

      Sage

      It's too pricey for our size of company.
      Read full review

      Usability

      MYOB

      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.
      Read full review

      Sage

      No answers on this topic

      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.
      Read full review

      Sage

      No answers on this topic

      Online Training

      MYOB

      No answers on this topic

      Sage

      The online training courses are not up to date. We experienced technical issues with two of the classes.
      Read full review

      Implementation Rating

      MYOB

      No answers on this topic

      Sage

      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.
      Read full review

      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.
      Read full review

      Sage

      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.
      Read full review

      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.
      Read full review

      Sage

      • 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.
      Read full review

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