MYOB was great initially but there are other more affordable options
May 02, 2016
MYOB was great initially but there are other more affordable options
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with MYOB
We used it for our payables, receivables, payroll, general ledger and ran all of our proforma reports on it. I liked being able to easily email vendors and clients information as well as use it for contact management although it was a very simplified contact management system. For us, having a history to look back on over the years was especially helpful as it allowed our team to closely analyze trends and take appropriate corrective action if and where necessary.
- Expense tracking
- Payables Tracking
- Receivables Tracking
- Aging
- 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.
- 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.
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.