fitgap

MYOB

Features
Ease of use
Ease of management
Quality of support
Affordability
Market presence
Take the quiz to check if MYOB and its alternatives fit your requirements.
Pricing from
$12.00 AUD per year
Free Trial
Free version unavailable
User corporate size
Small
Medium
Large
User industry
  1. Retail and wholesale
  2. Accommodation and food services
  3. Construction

What is MYOB

MYOB is an accounting and business management software suite used to manage general ledger, invoicing, payroll, bank reconciliation, and tax reporting. It primarily serves small to mid-sized businesses and accounting practices, with product variants that support both desktop and cloud deployment. The platform includes local compliance features for markets such as Australia and New Zealand and offers integrations for payments, payroll, and point-of-sale depending on the edition.

pros

Strong ANZ compliance coverage

MYOB provides built-in support for region-specific tax and payroll requirements, particularly for Australia and New Zealand. This reduces reliance on third-party tools for common statutory reporting and payroll workflows. For organizations operating primarily in these markets, the compliance focus can simplify implementation and ongoing administration.

Broad SMB accounting functionality

The product covers core accounting workflows such as invoicing, expenses, bank feeds/reconciliation, reporting, and payroll (by plan/region). It supports day-to-day bookkeeping needs without requiring a full ERP implementation. This makes it suitable for SMBs that need an integrated accounting system with optional add-ons rather than a highly customized finance platform.

Multiple deployment options

MYOB offers both cloud and desktop-oriented options across its product line, which can fit different IT and operational preferences. Desktop-capable editions can be relevant for businesses with connectivity constraints or established on-premise processes. Cloud editions support remote access and integration patterns that are common in modern accounting stacks.

cons

ERP depth varies by edition

While MYOB offers business management capabilities, advanced ERP requirements (multi-entity consolidation, complex revenue recognition, deep manufacturing, or sophisticated project accounting) may require higher-tier products, add-ons, or alternative systems. Feature availability can differ materially across MYOB editions. Buyers typically need careful scoping to ensure the chosen MYOB product matches operational complexity.

Integration ecosystem is uneven

Integration breadth and quality depend on the specific MYOB product and region, and some workflows may require third-party connectors. Compared with platforms built around extensive app marketplaces, organizations may encounter gaps for niche vertical tools. This can increase implementation effort when integrating CRM, inventory, or industry-specific systems.

Practice management is not universal

MYOB is used by accounting firms, but full accounting practice management capabilities (job tracking, WIP, time & billing, client portal workflows) are not consistently part of every MYOB accounting product. Firms may need separate MYOB-branded practice tools or third-party applications depending on requirements. This can lead to a multi-product setup for firms seeking an end-to-end practice platform.

Plan & Pricing

Plan Price Key features & notes
Solo (Solo by MYOB) $12.00 AUD for first 12 months (Yearly view) — $99.00 AUD/year after offer period Mobile-only app for sole traders; single user; in-app Solo Money business account (free to open); Tap to Pay; invoicing, expense capture..
Lite (MYOB Business Lite) $91.80 AUD/year (70% off for first 12 months shown) — $306.00 AUD/year after offer period For sole traders & small businesses (up to 2 employees). Tracks GST & BAS, inventory & orders, unlimited invoices/quotes, payroll add-on $2/month per employee (up to 2 employees), connect up to 2 bank accounts.
Pro (MYOB Business Pro) $113.40 AUD/year (80% off for first 12 months shown) — $567.00 AUD/year after offer period For small–medium businesses. Unlimited bank accounts, advanced reporting, optional payroll (extra $2/month per employee, unlimited), optional inventory.
AccountRight Plus (MYOB AccountRight Plus) $75.00 AUD/month (50% off for first 3 months shown) — $150.00 AUD/month after offer period Desktop + web app for established businesses. Unlimited payroll (no extra cost), unlimited inventory, timesheets & rostering, priority support. Includes a "Try FREE for 14 days" option on the product page.
AccountRight Premier (MYOB AccountRight Premier) $97.50 AUD/month (50% off for first 3 months shown) — $195.00 AUD/month after offer period For complex businesses: multi-currency support, multiple locations, unlimited inventory & warehouses, unlimited payroll. Includes a "Try FREE for 14 days" option.
Payroll Only (MYOB Business Payroll Only) $9.00 AUD/month for 24 months (promotional) — $12.00 AUD/month after offer period Standalone payroll for up to 4 employees; automated STP reporting, super contributions, online employee onboarding.

Notes: All prices and promotional/offered periods are taken from MYOB's official Australia product pages (MYOB.com/au). Prices shown are promotional where indicated; MYOB displays both the promotional price and the regular price (after the offer period).

Seller details

MYOB Group Pty Ltd
Melbourne, Victoria, Australia
1991
Private
https://www.myob.com/
https://x.com/MYOB
https://www.linkedin.com/company/myob/

Tools by MYOB Group Pty Ltd

MYOB
MYOB AccountRight API
MYOB Acumatica

Best MYOB alternatives

NetSuite
Sage Intacct
Xero
BQE CORE
See all alternatives

Related stack guides

Marketing
Automated invoicing from deal close to accounting entry
Step1
Detect the deal close and retrieve customer data
Step2
Pull the signed line items and payment terms
Step3
Generate and send the invoice
Commerce
Close open invoices without manual chasing
Step1
Issue invoices and surface aging signals
Step2
Run automated payment sequences
Step3
Match payments and close AR entries

Popular categories

All categories