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What Is MYOB Business?

MYOB Business is the fast and easy way to manage your cashflow and ATO compliance requirements. Includes time saving features that automates everyday tasks, giving you great insights and making compliance easy. Manage your business anywhere on your laptop or mobile. Keep your data safe and secure in the cloud. Get real-time cashflow, invoicing and payments. Try free for 30 days today.

Who Uses MYOB Business?

The MYOB Business range is designed for businesses from sole traders, to growing operations and even established companies of up to 19 employees in Australia and New Zealand.

Where can MYOB Business be deployed?

Cloud-based
On-premises

About the vendor

  • MYOB
  • Located in CREMORNE, Australia
  • Founded in 1991

MYOB Business support

  • Phone Support
  • Chat

Countries available

Australia, New Zealand

Languages

English

MYOB Business pricing

Starting Price:

$31.00/month
  • No free trial
  • No free version

MYOB Business does not have a free version and does not offer a free trial. MYOB Business paid version starts at $31.00/month.

Pricing plans get a free trial

About the vendor

  • MYOB
  • Located in CREMORNE, Australia
  • Founded in 1991

MYOB Business support

  • Phone Support
  • Chat

Countries available

Australia, New Zealand

Languages

English

MYOB Business videos and images

MYOB Business Software - Create Invoice
MYOB Business Software - Dashboard
MYOB Business Software - GST Report
MYOB Business Software - In Tray
MYOB Business Software - Pay run
View 6 more
MYOB Business video
MYOB Business Software - Create Invoice
MYOB Business Software - Dashboard
MYOB Business Software - GST Report
MYOB Business Software - In Tray
MYOB Business Software - Pay run

Features of MYOB Business

  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Cash Management
  • Chart of Accounts
  • Client Management
  • Collaboration Tools
  • Commission Management
  • Compliance Management
  • Contact Database
  • Contact Management
  • Customer Statements
  • Customisable Invoices
  • Data Import/Export
  • Data Storage Management
  • Document Management
  • Due Date Tracking
  • Employee Management
  • Expense Management
  • Expense Tracking
  • File Transfer
  • Financial Management
  • Financial Reporting
  • For Real Estate
  • For Small Businesses
  • General Ledger
  • Goal Setting/Tracking
  • Income & Balance Sheet
  • Inventory Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Mobile App
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Payment Collection
  • Payment Processing
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Project Management
  • Project Time Tracking
  • Project Tracking
  • Purchase Order Management
  • Quotes/Estimates
  • Real-Time Data
  • Receipt Management
  • Receivables Ledger
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Status Tracking
  • Task Management
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timesheet Management
  • Transaction Management
  • Workflow Management

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Reviews of MYOB Business

Average score

Overall
3.8
Ease of Use
3.8
Customer Service
3.3
Features
3.7
Value for Money
3.5

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Katrina
Katrina
Senior Accountant in Australia
Verified LinkedIn User
Accounting, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Solid product for small business

5.0 6 years ago

Comments: Has been around for a long time. Tried and tested and is a great product. Starting to price a little higher but still competitive - especially if you have employees.

Pros:

Easy to use and well laid out for the end user. Is great for small operations without complex needs.

Cons:

Whilst bank rules are very handy - the auto reconciling of transactions can cause problems if rule set up incorrectly. Would be great if there was an option to make bulk transaction changes.

Brendan
Brendan
Actor/ Writer/ Producer in Australia
Verified LinkedIn User
Entertainment, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Full of features.

4.0 2 years ago

Comments: Great option for this doing day to day business, May be a little expensive for those just starting out.

Pros:

Packed with features for invoicing and accounting needs.

Cons:

Very expensive when compared to similar products.

Alternatives Considered: Xero and Zoho Invoice

Reasons for Choosing MYOB Business: Trying a few of the features out.

Switched From: Xero and Zoho Invoice

Reasons for Switching to MYOB Business: Just wanted to try it out to see if it was easy to use.

Anonymous reviewer
Financial Services, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

MYOB - old school, but not in the best way

3.0 2 months ago

Comments: It's been a favourable relationship, however time to move on

Pros:

A very old school accounting software program which hasn't changed, but easily to follow along with experience.

Cons:

A very old school accounting software program which hasn't changed - still relies on users to understand basic accounting, which small business owners do not

Micheal
Marketing Director in US
Hospital & Health Care, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

MYOB Business Is a Highly Reliable Accounting Solution

5.0 10 months ago

Pros:

This accounting software has been so reliable. MYOB Business works so well for us. MYOB Business is easy to use.

Cons:

No cons about MYOB Business. MYOB Business is brilliant.

MYOB Response

10 months ago

Hey Micheal! We're really glad to hear MYOB Business is working well for you. Thank you for taking the time to share your thoughts. Cheers, Amanda.

Jodi
Operations manager in Australia
Health, Wellness & Fitness, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Great accounting software

4.0 5 months ago

Comments: Good accounting software. Easy for multiple staff to use.
Easy to add new staff members

Pros:

Easy to use. Straightforward Online or app

Cons:

Payroll could be easier to make changes

Valentina
Marketing Manager in US
Hospital & Health Care, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

MYOB Business Is a Sensational Accounting Solution

5.0 10 months ago

Pros:

This accounting solution has been working so well for use due to its effective features. MYOB Business has been highly reliable and easy to use.

Cons:

I do not have cons for MYOB Business. MYOB Business works so well.

MYOB Response

10 months ago

Hey Valentina! Thank you for taking the time to share your thoughts! We're glad to hear it's been an easy experience using MYOB Business.

Jye
Pest technician in Australia
Utilities, Self Employed
Used the Software for: 6-12 months
Reviewer Source

Myob review

4.0 4 months ago

Comments: Overall 9/10 has worked well for me and myob capture is great for my business

Pros:

MYOB capture, syncs with my CRM & quoting system

Cons:

Issues with MYOB capture from time to time

Tanveer
Human Resource Manager in US
Education Management, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

An Accounting Solution that Is Accurate to Use

5.0 10 months ago

Pros:

MYOB Business is a sensational and accurate accounting solution. I love the simplicity of MYOB Business.

Cons:

I do not dislike MYOB Business at all. MYOB Business is so brilliant.

Mbiuki
Procurement Officer in US
Transportation/Trucking/Railroad, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

MYOB Business has Incredible Accouting Features

5.0 9 months ago

Pros:

The features of this accounting system are incredible. MYOB Business is so amazing.

Cons:

MYOB Business has brilliant features. No issues about MYOB Business.

Adam
Director in Australia
Real Estate, 11–50 Employees
Used the Software for: 6-12 months
Reviewer Source

Great for payroll

5.0 8 months ago

Pros:

We use MYOB for our payroll and it is very simple and functional software

Cons:

I don’t have a con for this software as we are very happy with it

Lachlan
Director in Australia
Information Technology & Services, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

IT business management

3.0 last year

Comments: MYOB allows simple business management but does not offer advanced simple integrations.

Pros:

MYOB allows for client management and invoicing from one system.

Cons:

Using this system to manage an IT business is not the most innovative system and it has integration challenges from our PSA.

Chris
Managing Director in New Zealand
Construction, 51–200 Employees
Used the Software for: 1-5 months
Reviewer Source

Okay product with limited face to face support

3.0 last year

Comments: Very average.

Pros:

The software is relatively easy to use.

Cons:

It’s hard to get face to face support. Even when I’ve requested it I’ve received an email!! That’s not the support I appreciate. Every response is an email with a link to a webpage. This doesn't always help.

Irina
Software engineer in Australia
Computer Software, 51–200 Employees
Used the Software for: 1-5 months
Reviewer Source

Great for invoicing

5.0 last year

Pros:

I have used myob for simple invoicing and it’s flawless. You can tell that it has more capabilities.

Cons:

There’s nothing negative about myob and the price is affordable

MYOB Response

last year

Hey Irina! We're so glad to hear you enjoy using MYOB. Thank you for taking the time to share your experience. Cheers, Amanda.

Steven
CEO in Australia
Hospitality, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

If you find something good, stick to it.

5.0 2 years ago

Comments: It has been an essential tool in running our business effectively and maintaining legal compliance since we started in business in 2011.

Pros:

The wide range of features and varied reports that can be produced to assist with trackingn expenditure , budgeting and forecasting. Regular updates keep us compliant with tax law.

Cons:

I do not operate the software. Unable to answer.

Ian
Director in Australia
Graphic Design, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

MYOB Essentials

3.0 2 years ago

Comments: All good except for the slow support and issues with the product.

Pros:

Easy to use once you know how. I like that I can log on from anywhere top access the accounting software.

Cons:

MYOB ceased to support Account Edge on Mac so on recommendation by the sales team I transferred to MYOB Essentials. It is easy to use however because it's web based it hangs intermittently. MYOB added a feature to Item ID on invoicing, adding an information symbol without widening the column. This causes the Item ID to be partially obliterated. This makes it difficult when checking item numbers or picking the order. I have spoken to support who have failed to address the issue or even discuss it. The other issue is support. I have literally waited on for one and half hours before getting to the person I need to speak to.

George
Director in Australia
Computer Software, Self Employed
Used the Software for: 1-5 months
Reviewer Source

Solid and very complete offering

5.0 2 years ago

Pros:

I like that you can make big changes easily and that it is guided by the software. They definitely know what they are doing.

Cons:

Nothing to report here thankfully.

Kara
Tax Agent in Australia
Accounting, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Myob

5.0 3 years ago

Comments: Very easy to use. Clients are happy with it and also find it easy with minimal questions

Pros:

The ease of using this program. Being able to get into clients accounts and finalising their work.

Cons:

I have no issues to report with this program.

Chris
Business owner in Australia
Accounting, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Not my first option but still a good system

3.0 3 years ago

Comments: Overall it is not my first preference and I prefer to use a competitor.

Pros:

I stated my career using MYOB which was my favorite software. It couldn't be beat. But that was over a decade as ago. Since then other contenders have surpassed the software in both useability and practicality. MYOB is still good at the core, especially for accountants and people with an accounting background. However for business owners I think it could be a bit confusing and slightly intimidating.

Cons:

One of my biggest pet peeves for MYOB is the rigid structure and inflexible ways to treat transactions. For example, if a bank transaction doesn't match to the cent, there is no quick way of recognizing the rounding error and processing the transaction. Instead a series of clicks into the transacting to edit the amount is required, disrupting your workflow.

Verified Reviewer
Verified LinkedIn User
Legislative Office, 501–1,000 Employees
Used the Software for: 1+ year
Reviewer Source

Great Product

5.0 6 years ago

Comments: I would recommend it to someone say a professional bookkeeper, I found Quickbooks to be more user friendly for easy bookkeeping soultuons also finding Quickbooks a lot cheaper than MYOB.

Pros:

Very detailed, Easy to add transactions.

Cons:

I found the software was not very “user friendly” especially as someone who isn’t the greatest at Bookeeping, the terms (words) and navigation was very hard sometimes. I ended up switching to Quickbooks.

Michael
COO in Australia
Law Practice, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

MYOB keeps us on track and informed

5.0 4 years ago

Pros:

Ese of use, accessibility, features are simple, seamless integration, reporting functions, governance

Cons:

None, it is clear and easy to use daily.

Ivan
Ivan
Senior Bookkeeper in Australia
Verified LinkedIn User
Retail, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

A Solid Piece Of Software

5.0 6 years ago

Pros:

I have used MYOB for years, it's perfect for getting the job done, and easy to use.

Cons:

Sometimes the ability to change or delete transactions is a little bit dangerous.

Beverly
clinic owner in Canada
Health, Wellness & Fitness, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

MYOB software

4.0 3 years ago

Pros:

Process was easy to set up, had some good features that were used frequently

Cons:

Needed more features added to make good use of the accounting,invoices were limited

Daz
Used the Software for: Not provided
Reviewer Source
Source: GetApp

Okay but . . . . .

3.0 12 years ago

Comments: We have been using MYOB accounting plus for over 10 years and recently upgraded to the new Accountright 2013.
The new version is very similar to the old and this makes it relatively easy to adjust to. There was a bit of dancing converting 10 years of accounting data to the new format and eventually we got that done and away we went.
The first thing that struck us was how slow it seems in comparison to the previous software. (MYOB Accounting plus v14). Data entry is not fluid and constant delays in processing. We contacted MYOB support regarding this and "they are working on the problem" so it appears it is a common problem.
It is updated with the latest reports and payroll taxes and supposedly compliant with the ATO.
There is a greater range of reports available but still the customisation options are limited. What you see is what yo get, give or take a field or two.
The "cloud" idea is novel, but due to the speed restrictions it is of little real benefit.
Payroll is the biggest change complying with the new regulations, and taxes, but unfortunately MYOB doesn't allow upgrading of the tax tables without paying for an endless subscription which equates to approximately $800 per year.
Overall if you like the early MYOB and can handle the speed reduction then its an okay upgrade. If it wasn't for the reliance on MYOB data for the previous 10+ years and the swift talking sales rep that convinced management to upgrade, I would personally be looking at alternatives.

Pros:

Compatible with earlier versions. Interface is very similar to previous versions.

Cons:

Expensive for what it is! Slow!!!!! For small or casual use it MAY be okay, but for any real data volume, its just too slow. (Even on the latest PC) Relies heavily on the internet (could be cause of part of the speed problem) Limited customisation

Alexander
Youth Officer in Australia
Law Enforcement, 1,001–5,000 Employees
Used the Software for: 1-5 months
Reviewer Source

MYOB User

3.0 3 years ago

Comments: Positive

Pros:

The easy to use features help me keep track of my accounts when I have so much going on

Cons:

There’s not much I don’t like, I’m pro MYOB Business

Verified Reviewer
Verified LinkedIn User
Used the Software for: 6-12 months
Reviewer Source

Good software for offline accounting. you can work on Myob for all your accounting &and Bookkeeping

5.0 7 years ago

Comments: Good for accounting & Book-keeping offline.

Pros:

Its functioning is good. You can easily get your Accounting data customized by preparing P&L account & Balance sheet

Cons:

1. You have to take backup by your self no self backup facility. 2. Difficult to understand the reporting process.