An online accounting software for SMBs in Australia and New Zealand.

Product Overview

MYOB Business is an online accounting software designed primarily for small to medium-sized businesses. It includes features like payroll management, GST handling, invoice generation, and expense tracking. MYOB Business also facilitates efficient tax and superannuation calculations.

MYOB can integrate with various business systems like QuickBooks and Xero.

Pros

  • Connects to finternational banks with 150+ multi-currency support
  • A free 30-day trial is available
  • Integrates with 350+ third-party apps
  • Can access financial data from anywhere on tablets, smartphones, and computers

Cons

  • Payroll is a standalone module
  • Primarily serves companies in Australia and New Zealand
  • Users mentioned long wait times with customer support

Target Market

Small to medium-sized businesses in Australia or New Zealand with 1-500 employees, especially those in need of multi-currency support for international banking, accounts payable/receivable management, and payroll.

MYOB Business is a full-service online accounting system for SMBs in Australia and New Zealand. It can handle accounts receivable/payable, payroll, time sheets, and all other accounting needs. It also has tools to consolidate multiple locations into one dashboard, track foreign currencies, and manage stocks.

MYOB’s reporting tools help businesses view their past and current inventory, revenue, payroll, human resources, and more, to help them make decisions for the future.

Features

  • Customizable Invoicing: Users can create professional invoices with customizable templates, including the option to add branding and logos.
  • Automated Payroll: Automates payroll calculations, including wages, superannuation, and taxes, ensuring compliance with Single Touch Payroll requirements.
  • Inventory Management: Businesses can track stock levels, manage orders, and forecast demand.
  • Bank Reconciliation: Allows users to match transactions automatically, ensuring accuracy in financial records.
  • Multi-Currency Support: Offers multi-currency functionality, allowing users to manage transactions in different currencies without the hassle of manual conversions.

Pricing

MYOB offers three pricing plans: Lite, Pro, and Payroll Only. Both the Lite and Pro plans come with 14-day free trials.

MYOB Business Pricing Plans
Starting Price
$15 /month
Price Range Learn More
   $     $     $     $     $   
   $     $     $     $     $   

Product Overview

Developer Overview

  • Name MYOB Greentree
  • Year Founded 1991
  • Headquarters Melbourne ,Victoria ,Australia
  • Type Public (ASX: MYO)
  • Est. Size 1k-5k employees
  • Est. Revenue $200M-$1B

Related Products

  • Sage 50cloud Accounting
    A full accounting software system designed by Sage for small businesses in the United States. Formerly Peachtree by Sage.
  • QuickBooks Online
    A web-based accounting software system designed by Intuit for startups and small organizations.
  • QuickBooks Premier
    A full accounting software system designed by Intuit for startups and small organizations.
  • QuickBooks Pro Desktop
    An accounting software system designed by Intuit for startups and small organizations.
  • Sage 50 Canada
    An accounting software system for startups and small organizations based in Canada. Formerly Simply Accounting.

User Reviews of MYOB Business

Ben Caplan
Overall
★★★★★
★★★★★

A perfect fit for my company

September 5th, 2022 • Roles: Purchaser & End User

I purchased the software years ago. I used it on my Mac Plus computer. I was selling thousands of products relative to the Screen Printing business. Accounts Payable & Receivable, Sales Tax, Inventory…all the normal business functions. From my perspective the software was a perfect fit for my company.

Joel Trethowan
Overall
★★★★★
★★★★★

It was a quick transition process and incredibly easy

November 7th, 2016 • Roles: Purchaser & End User

It was a quick transition process and incredibly easy. Everything was managed from a migration perspective.

Our time spent using online accounting software on a monthly basis has actually decreased. It’s been beneficial [because] as a company, we don’t want to spend time running accounting software. We’ve got bigger business priorities to focus on, such as new business and really preparing for where we’re going to be in one, three and five years.