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MYOB is the WORST accounting software available
April 08, 2022

MYOB is the WORST accounting software available

Anonymous | TrustRadius Reviewer
Score 1 out of 10
Vetted Review
Verified User

Overall Satisfaction with MYOB

MYOB accounting software basically works but looks and functions like 1998. Unfortunately, their Antipiracy licensing system is absolutely TERRIBLE and verging on the nearly criminal, scam! You must CONFIRM each and every data file and when it doesn't work you have to PAY THEM to fix their own file protection issues. If you don't pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permanently. Unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better products available... I don't imagine MYOB is going to survive much longer.
  • Nothing
  • Licensing
  • Interface
  • Reporting
  • Basically EVERYTHING
  • Caused extensive business harm
  • unable to file government reporting on time
  • failed compliance audit due to numerous issues

Do you think MYOB delivers good value for the price?

No

Are you happy with MYOB's feature set?

No

Did MYOB live up to sales and marketing promises?

No

Did implementation of MYOB go as expected?

No

Would you buy MYOB again?

No

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.
You should find another alternative. NOW! MYOB is dying dinosaur company and application which should be avoided at all costs.

MYOB Feature Ratings

2.2
Accounts payable
3
Accounts receivable
3
Cash management
3
Bank reconciliation
3
Expense management
Not Rated
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
2
Multi-division support
Not Rated
Regulations compliance
1
Electronic tax filing
1
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
3
Enterprise Accounting
Not Rated
Configurable Accounting
2
Centralized Rules Framework
Not Rated
Standardized Processes
1
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Not Rated
Dashboards
Not Rated
Standard reports
Not Rated
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated