What users are saying about
67 Ratings
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Score 6.2 out of 100
13 Ratings
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Score 8.3 out of 100

Feature Set Ratings

  • Thomson Reuters CS Professional Suite ranks higher in 6 feature sets: Payroll Management, Customization, Security, Reporting & Analytics, General Ledger and Configurable Accounting, Inventory Management

Payroll Management

6.6

MYOB

66%
10.0

Thomson Reuters CS Professional Suite

100%
MYOB ranks higher in 4/5 features

Pay calculation

7.1
71%
11 Ratings
10.0
100%
1 Rating

Benefit plan administration

6.5
65%
7 Ratings
N/A
0 Ratings

Direct deposit files

6.9
69%
9 Ratings
N/A
0 Ratings

Salary revision and increment management

6.5
65%
7 Ratings
N/A
0 Ratings

Reimbursement management

6.2
62%
7 Ratings
N/A
0 Ratings

Customization

5.5

MYOB

55%
8.5

Thomson Reuters CS Professional Suite

85%
Thomson Reuters CS Professional Suite ranks higher in 2/2 features

API for custom integration

5.4
54%
6 Ratings
8.0
80%
1 Rating

Plug-ins

5.5
55%
5 Ratings
9.0
90%
1 Rating

Security

6.8

MYOB

68%
8.3

Thomson Reuters CS Professional Suite

83%
Thomson Reuters CS Professional Suite ranks higher in 2/2 features

Single sign-on capability

6.6
66%
10 Ratings
8.4
84%
3 Ratings

Role-based user permissions

7.1
71%
11 Ratings
8.2
82%
4 Ratings

Reporting & Analytics

6.0

MYOB

60%
7.3

Thomson Reuters CS Professional Suite

73%
Thomson Reuters CS Professional Suite ranks higher in 3/3 features

Dashboards

6.2
62%
10 Ratings
8.2
82%
3 Ratings

Standard reports

6.4
64%
11 Ratings
8.0
80%
4 Ratings

Custom reports

5.5
55%
10 Ratings
5.8
58%
4 Ratings

General Ledger and Configurable Accounting

5.3

MYOB

53%
8.6

Thomson Reuters CS Professional Suite

86%
Thomson Reuters CS Professional Suite ranks higher in 20/21 features

Accounts payable

6.4
64%
15 Ratings
8.0
80%
1 Rating

Accounts receivable

6.4
64%
15 Ratings
8.0
80%
1 Rating

Cash management

5.8
58%
14 Ratings
10.0
100%
1 Rating

Bank reconciliation

6.4
64%
15 Ratings
10.0
100%
2 Ratings

Expense management

6.5
65%
11 Ratings
10.0
100%
1 Rating

Time tracking

5.6
56%
6 Ratings
9.0
90%
1 Rating

Fixed asset management

5.0
50%
8 Ratings
9.0
90%
2 Ratings

Multi-currency support

3.3
33%
7 Ratings
7.2
72%
2 Ratings

Multi-division support

3.8
38%
6 Ratings
8.0
80%
1 Rating

Regulations compliance

4.9
49%
8 Ratings
10.0
100%
2 Ratings

Electronic tax filing

5.9
59%
9 Ratings
8.0
80%
1 Rating

Self-service portal

5.4
54%
7 Ratings
9.0
90%
1 Rating

Global Financial Support

5.9
59%
5 Ratings
N/A
0 Ratings

Primary and Secondary Ledgers

5.6
56%
7 Ratings
8.0
80%
1 Rating

Intercompany Accounting

3.9
39%
5 Ratings
8.0
80%
1 Rating

Localizations

5.9
59%
5 Ratings
8.0
80%
1 Rating

Journals and Reconciliations

5.8
58%
11 Ratings
8.0
80%
3 Ratings

Enterprise Accounting

4.8
48%
4 Ratings
8.0
80%
1 Rating

Configurable Accounting

5.4
54%
8 Ratings
8.0
80%
1 Rating

Centralized Rules Framework

3.9
39%
3 Ratings
9.0
90%
1 Rating

Standardized Processes

5.6
56%
7 Ratings
9.2
92%
3 Ratings

Inventory Management

5.1

MYOB

51%
10.0

Thomson Reuters CS Professional Suite

100%
MYOB ranks higher in 3/4 features

Inventory tracking

6.6
66%
8 Ratings
N/A
0 Ratings

Automatic reordering

4.8
48%
5 Ratings
N/A
0 Ratings

Location management

4.5
45%
5 Ratings
10.0
100%
1 Rating

Manufacturing module

4.3
43%
5 Ratings
N/A
0 Ratings

Order Management

5.5

MYOB

55%

Thomson Reuters CS Professional Suite

Feature Set Not Supported
N/A
MYOB ranks higher in 7/7 features

Pricing

5.5
55%
6 Ratings
N/A
0 Ratings

Order entry

5.5
55%
6 Ratings
N/A
0 Ratings

Credit card processing

5.5
55%
5 Ratings
N/A
0 Ratings

Cost of goods sold

5.5
55%
6 Ratings
N/A
0 Ratings

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

Attribute Ratings

  • Thomson Reuters CS Professional Suite is rated higher in 3 areas: Likelihood to Recommend, Usability, Support Rating

Likelihood to Recommend

5.4

MYOB

54%
17 Ratings
8.7

Thomson Reuters CS Professional Suite

87%
4 Ratings

Likelihood to Renew

9.5

MYOB

95%
2 Ratings

Thomson Reuters CS Professional Suite

N/A
0 Ratings

Usability

5.7

MYOB

57%
13 Ratings
8.8

Thomson Reuters CS Professional Suite

88%
2 Ratings

Support Rating

5.4

MYOB

54%
14 Ratings
9.8

Thomson Reuters CS Professional Suite

98%
2 Ratings

Implementation Rating

5.0

MYOB

50%
2 Ratings

Thomson Reuters CS Professional Suite

N/A
0 Ratings

Ease of integration

1.0

MYOB

10%
1 Rating

Thomson Reuters CS Professional Suite

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

Thomson Reuters

It is extremely suitable for the client since for us they are all US-based companies, even though the main headquarters of our business is in Mexico.

It is less appropriate in terms of usability than taxes, since it does not include adaptability to Mexican legislation, and its deployment through customizations and reports is extremely expensive.
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

Thomson Reuters

  • Allows users to create associations, groups, locations, or property types to categorize each asset.
  • Fixed Assets CS can be deployed in a virtual office setting or as a SaaS application.
  • Fixed Assets CS also supports common depreciation methods.
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

Thomson Reuters

  • Requires a time investment for the learning curve to fully utilize the benefits provided by CS Professional Suite.
  • Older looking UI and aesthetic.
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

    Thomson Reuters CS Professional Suite

    Starting Price

    Editions & Modules

    Thomson Reuters CS Professional Suite 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

      Thomson Reuters

      No answers on this topic

      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

      Thomson Reuters

      The platform is stable even though a version for MacOS is also missed.

      In general, the user management and administration process is intuitive and once the roles are defined it is simple and easy.

      However, the user experience has become out of date in relation to other web-based platforms currently available on the market.
      Read full review

      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

      Thomson Reuters

      Support for Thomson Reuters is very in-depth as they have a ton of knowledge articles that help troubleshoot common issues and gives a launching pad for users to learn more about the product and help them use the tools effectively and efficiently. When needed, reaching out to the live support is always prompt and we are able to effectively work past any issues that come up.
      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

      Thomson Reuters

      Thomson Reuters is all I have experience with.
      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

      Thomson Reuters

      • Not authorized to view the large scale picture of Thomson Reuters CS Suite on ROI, however, it has been a part of the business model for years with constant updates and is only getting more and more efficient as time goes on.
      Read full review

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