MYOB
MYOB is an accounting and business management software popular in Australia and New Zealand. It offers modules for accounting, inventory, payroll, POS, CRM, and more. MYOB aims to be an all-in-one business management solution for small and medium businesses.
accounting
bookkeeping
invoicing
payroll
taxes
MYOB: All-in-One Accounting and Business Management Software
MYOB offers modules for accounting, inventory, payroll, POS, CRM, and more, aiming to be an all-in-one business management solution for small and medium businesses in Australia and New Zealand.
What is MYOB?
MYOB is a business management software suite targeted at small and medium businesses in Australia and New Zealand. It was originally developed in Australia in 1991 and has become one of the most popular accounting software options in the region.
MYOB offers integrated modules for accounting, inventory/stock control, payroll, point-of-sale, customer relationship management, and more. Key features include:
- General ledger, accounts payable/receivable, invoicing, expense claims
- Bank feeds and reconciliation
- Budgeting and cash flow management tools
- Inventory and stock control with barcode scanning
- Payroll for handling employee payments and taxes
- Retail sales, quoting, and invoicing capabilities
- Customer and contacts database
- 300+ report templates
MYOB aims to be an all-in-one business management solution for SMEs looking to manage finances, operations, sales, payroll, and customers in one integrated platform. It has both cloud-based and desktop versions available with regular updates.
MYOB faces competition from other market leaders like Xero, QuickBooks Online, and Reckon One in Australia and New Zealand. It offers strong accounting and payroll features but has received some criticism for its learning curve and customer support.
MYOB Features
Features
- Accounting
- Invoicing
- Inventory
- Payroll
- Point of Sale
- CRM
- Reporting
- Bank Feeds
- Time Tracking
Pricing
- Subscription-Based
Pros
User-friendly interface
Mobile access
Integration with other business apps
Local support in AU/NZ
Scales with business needs
Cons
Can be pricey for very small businesses
Limited customization options
Third-party add-ons can get expensive
Support outside AU/NZ is limited
Official Links
The Best MYOB Alternatives
Top Business & Commerce and Accounting & Finance and other similar apps like MYOB
Here are some alternatives to MYOB:
Suggest an alternative ❐
You Need A Budget
You Need A Budget (YNAB) is a web and mobile personal budgeting application designed to help users gain complete control of their finances through envelope-style budgeting methods. YNAB aims to change users' money habits and behaviors for the better through four key rules - give every dollar a job, embrace...
Quicken
Quicken is a popular personal finance and money management software application developed by Intuit. It has been available since the early 1990s and has a long history of helping individuals and households track their spending, create budgets, manage bills, investments, loans, and more.Some of the key features of Quicken include:Connecting...
Intuit QuickBooks
Intuit QuickBooks is one of the most widely used accounting software platforms for small businesses. First launched in the early 1990s, it has developed into a robust solution to help small business owners manage all aspects of their financial operations.Some key features of QuickBooks include:Invoicing - Create professional invoices, track...
Qube Money
Qube Money is a personal finance and budgeting app designed to help users take control of their spending and saving habits. With an easy-to-use interface, Qube Money allows users to connect bank accounts and credit cards to automatically track income and expenses.Key features of Qube Money include:Spending tracking - Automatically...
Daily Budget Original
Daily Budget Original is a veteran personal finance application originally launched in 2009. It provides robust expense tracking features to log daily transactions, categorize spending across customizable budget categories, and monitor progress against budgets and financial goals over time.Some key capabilities of Daily Budget Original include:Add transactions manually or import...
MoneyWallet
MoneyWallet is a feature-rich yet easy-to-use personal finance app for managing one's money across platforms. With its clean and intuitive interface, users can easily track income and spending, create budgets, set savings goals, follow investment performance, and monitor net worth over time.Key features include:Income and spending tracking with automatic categorization...
Pocketsmith
Pocketsmith is a versatile personal finance app designed to help users take control of their money and achieve financial goals. Its key features include:Transaction Tracking - Automatically imports and categorizes transactions from linked bank accounts and credit cards. This makes keeping on top of spending quick and easy.Budgeting - Create...
Buckets Budgeting
Buckets Budgeting is a user-friendly personal budgeting web and mobile application designed to provide financial clarity and control. It utilizes a budgeting method called zero-based budgeting, which has users separate their income into different categories for spending, saving, and paying bills.Some key features of Buckets Budgeting include the ability to:Set...
Sage Pastel Evolution
Sage Pastel Evolution is a powerful yet easy-to-use accounting and business management software designed specifically for small and medium sized businesses. It incorporates all core accounting features such as general ledger, accounts receivable, accounts payable, invoicing, cash management, inventory control, job costing, fixed assets, reporting, and more.Key features include:User-friendly interface...
Nominal Accounting
Nominal Accounting is a user-friendly, cloud-based accounting solution built with small business owners and freelancers in mind. With Nominal, users can easily track income and expenses, invoice clients, generate financial reports, and more - no formal accounting training or expertise required.Some key features of Nominal Accounting include:Intuitive dashboard providing an...
