15 years helping Australian businesses
choose better software

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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

Alternatives to MYOB Business

HandiSoft streamlines compliance and strengthens your client relationships with technology to advance your practice. Learn more about HandiSoft
Easy and affordable online accounting software for small businesses. Plans start at just $12 per month.
Cashflow Manager is an accounting software that helps small Australian businesses with invoicing, bank reconciliation & tax reporting.
The leading accounting software for small businesses. Instant access to customer, vendor and employee information.
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime.
Accounting tool that provides multi-monitor support and past due stamps through improved cash flow.
ERP software enhancing efficiency & growth for equipment rental and fleet management companies.
Xero is a beautiful online accounting software with a payroll solution designed for small businesses and accountants in any industry. Learn more about Xero
Zoho Invoice is a 100% free cloud invoicing solution designed to help small businesses with invoicing, expenses & online payments.

Reviews of MYOB Business

Average score

Overall
3.9
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.

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

Good software, has been better few years ago

4.0 last year

Comments: I loved that software in 2006, it was great, so easy to use. Now it is not hat great, customer support needs a lot of improvement. Yet I think other competitors have their problems and overall MYOB is the best soft for a small business.

Pros:

I love the soft is so user-friendly. I have been using MYOB since 2006. As an accountant I use XERo, quickbooks, handisoft. I think that from the end user point of view MYOB still easiest business software. From an accountant point of view it is also very user friendly. It helps me fix the mistakes my clients made with an ease. Bank reconciliation used to be great, now, after some modifications it is much worse. Yet , overall I think that MYOB is still the sest business solution for a small business in Australia

Cons:

Customer support is not existent. Many of my client switched to Xero or quick books because of terrible customer support in MYOB

Alternatives Considered: QuickBooks Time and Xero

Reasons for Switching to MYOB Business: Easier to use, easier to fix mistakes. At the time XERo did not have general ledger details report which was an essencial

Matthew
Director in Australia
Construction, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Don't start your business accounting with a regrettable decision, look elsewhere!

1.0 4 years ago

Comments: Underwhelming to say the least. I was partially sold on the fact that they have a customer service number to assist if need be, don't be fooled by this either, the call centre workers are rather unfamiliar with the MYOB product (unless I was unfortunate enough to speak with their newest member each time) and all my queries had to be looked up each time and they read answers from a screen which I could find on-line myself , they weren't able to elaborate nor answer any further questions I had outside of what was written in front of them.

Pros:

Reasonably easy to use but have found Xero to be much better in almost every way.

Cons:

Limited features and limited expandability compared to Xero. No was to have a back up of accounting file on your computer. If or once you decide Essentials ins't for you, they do not offer a way to transfer to their own Account Rite product nor do they off to export data to Xero. They will give you 1 month access as a read only before all data is deleted off their server unless you pay $25 Per month for the remaining 5 years you're required to keep the data

Alternatives Considered: QuickBooks Online

Reasons for Switching to MYOB Business: The only reason I foolishly chose MYOB was because of their time and name in the industry and I knew someone else who used MYOB and found them ok at the time but who is also now in the same situation as me and wanting to change over to Xero.

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 3 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

3 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.

Quentin
QS Estimator in New Zealand
Construction, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

MYOB Business - Great Software for medium sized businesses

4.0 6 months ago

Pros:

The financial reporting abilities of MYOB Business are very good and very well developed. They present accurate and real time reports that allow for a large volume of information to be automatically reported from a business management point of view. The ability to add specific permission levels to individual users is also highly valuable as the there may be some layers f information that the company does not want the individual to have access to which is something MYOB has done really well.

Cons:

MYOB is more costly than a number of other accounting software packages on the market, although it is more powerful and has more functions. From a personal point of view the user interfaces feel outdated. Although they are very powerful and have a lot of functionality it presents as though it is a 20 year old version of windows.

MYOB Response

6 months ago

Hi Quentin, thanks for taking the time to lead a review! Love hearing that your choice to partner with MYOB has been successful.