What users are saying about
28 Ratings
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Score 3.8 out of 100
6 Ratings
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Score 9.1 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

Thomson Reuters CS Professional Suite

This product is best suited for public accounting firms. I would recommend this to small-medium sized accounting firms as I believe they can best utilize the multiple services provided by CS Professional Suite. The ability to access server files and review changelogs/audit logs/ and other pertinent information allow for a strong level of collaboration between employees.
Albert Hwang | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MYOB
1.4
Thomson Reuters CS Professional Suite
10.0
Pay calculation
MYOB
2.0
Thomson Reuters CS Professional Suite
10.0
Benefit plan administration
MYOB
1.0
Thomson Reuters CS Professional Suite
Direct deposit files
MYOB
1.0
Thomson Reuters CS Professional Suite
Salary revision and increment management
MYOB
1.0
Thomson Reuters CS Professional Suite
Reimbursement management
MYOB
2.0
Thomson Reuters CS Professional Suite

Customization

MYOB
4.5
Thomson Reuters CS Professional Suite
API for custom integration
MYOB
4.0
Thomson Reuters CS Professional Suite
Plug-ins
MYOB
5.0
Thomson Reuters CS Professional Suite

Security

MYOB
6.1
Thomson Reuters CS Professional Suite
10.0
Single sign-on capability
MYOB
6.4
Thomson Reuters CS Professional Suite
10.0
Role-based user permissions
MYOB
5.8
Thomson Reuters CS Professional Suite
10.0

Reporting & Analytics

MYOB
5.6
Thomson Reuters CS Professional Suite
10.0
Dashboards
MYOB
3.3
Thomson Reuters CS Professional Suite
10.0
Standard reports
MYOB
7.1
Thomson Reuters CS Professional Suite
10.0
Custom reports
MYOB
6.5
Thomson Reuters CS Professional Suite
10.0

General Ledger and Configurable Accounting

MYOB
4.5
Thomson Reuters CS Professional Suite
9.1
Accounts payable
MYOB
5.4
Thomson Reuters CS Professional Suite
Accounts receivable
MYOB
6.4
Thomson Reuters CS Professional Suite
Cash management
MYOB
5.4
Thomson Reuters CS Professional Suite
Bank reconciliation
MYOB
7.0
Thomson Reuters CS Professional Suite
10.0
Expense management
MYOB
7.4
Thomson Reuters CS Professional Suite
Time tracking
MYOB
1.0
Thomson Reuters CS Professional Suite
Fixed asset management
MYOB
5.5
Thomson Reuters CS Professional Suite
10.0
Multi-currency support
MYOB
1.0
Thomson Reuters CS Professional Suite
Multi-division support
MYOB
1.0
Thomson Reuters CS Professional Suite
Regulations compliance
MYOB
5.0
Thomson Reuters CS Professional Suite
8.0
Electronic tax filing
MYOB
5.0
Thomson Reuters CS Professional Suite
8.0
Self-service portal
MYOB
4.0
Thomson Reuters CS Professional Suite
Journals and Reconciliations
MYOB
Thomson Reuters CS Professional Suite
8.5
Standardized Processes
MYOB
Thomson Reuters CS Professional Suite
10.0

Inventory Management

MYOB
1.5
Thomson Reuters CS Professional Suite
10.0
Inventory tracking
MYOB
3.0
Thomson Reuters CS Professional Suite
Automatic reordering
MYOB
1.0
Thomson Reuters CS Professional Suite
Location management
MYOB
1.0
Thomson Reuters CS Professional Suite
10.0
Manufacturing module
MYOB
1.0
Thomson Reuters CS Professional Suite

Order Management

MYOB
4.9
Thomson Reuters CS Professional Suite
Pricing
MYOB
6.1
Thomson Reuters CS Professional Suite
Order entry
MYOB
6.5
Thomson Reuters CS Professional Suite
Credit card processing
MYOB
1.0
Thomson Reuters CS Professional Suite
Cost of goods sold
MYOB
6.0
Thomson Reuters CS Professional Suite

Pros

MYOB

  • Invoices
  • Purchase Orders
Anonymous | TrustRadius Reviewer

Thomson Reuters CS Professional Suite

  • It is excel based which makes it easier to input information.
Cyndy Ramey | 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

Thomson Reuters CS Professional Suite

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

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

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

Thomson Reuters CS Professional Suite

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

Thomson Reuters CS Professional Suite

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

Thomson Reuters CS Professional Suite

Thomson Reuters is all I have experience with.
Cyndy Ramey | 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

Thomson Reuters CS Professional Suite

  • 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.
Albert Hwang | TrustRadius Reviewer

Pricing Details

MYOB

General

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

Thomson Reuters CS Professional Suite

General

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

Rating Summary

Likelihood to Recommend

MYOB
1.0
Thomson Reuters CS Professional Suite
7.5

Likelihood to Renew

MYOB
9.5
Thomson Reuters CS Professional Suite

Usability

MYOB
10.0
Thomson Reuters CS Professional Suite

Support Rating

MYOB
1.0
Thomson Reuters CS Professional Suite

Implementation Rating

MYOB
5.0
Thomson Reuters CS Professional Suite

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