MYOB Advanced Business

About MYOB Advanced Business

MYOB Advanced Business is a cloud based ERP for businesses across Australia and New Zealand, with sophisticated tools for financial management, inventory and distribution, customer management, project accounting, and payroll management, all in a scalable platform. Users can manage their day-to-day tasks and streamline sales, purchasing, and accounting, and utilize built-in tools such as reporting and dashboards, integrated marketing, a customer self-service portal, advanced billing, compliance management, and more.

With MYOB Advanced Business, users can manage their customer accounts with automated processes and easily generate invoices, send statements, verify balances, as well as review day-to-day transactions, manage vendor invoices, simplify payroll, and much more. Users also get access to to flexible reporting and analysis with the General Ledger's comprehensive financial data and track inter-company accounting. Tools for inventory and distribution provide users with real-time access to available inventory, inventory in transit, and inventory costs, including features for sales and purchase order management, and a built-in purchase requisition system.

MYOB Advanced Business provides an array of tools for customer management including integrated marketing which allows users to segment and manage online campaigns; opportunity and pipeline management for improving sales success with automation; a customer self-service portal to reduce customer support questions; and customized dashboards for clear and insightful reports. Features for project accounting help users track all costs, revenues and budgets for projects, and provide advanced billing, and time and expense tracking. MYOB Advanced Business also enables users to manage payroll and produce real-time reports, track company files and leave entitlements, and stay up-to-date and compliant with tax obligations.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Key benefits of MYOB Advanced Business

• Manage your customer accounts with automated processes and gain access to flexible financial reporting and analysis at your fingertips with MYOB Advanced Business.

• Manage your sales activities with an integrated workflow, create and approve quotes, and manage your distribution on the go with tools for comprehensive inventory management.

• Analyze customer trends in real-time and improve your sales success with MYOB Advanced Business' automation that increases efficiency and enhances information flow.

• Manage your projects and track all costs, revenues and budgets, and bill materials and labour based on the type of work performed, project requirements, and more.

• MYOB Advanced Business' tools for payroll management are accessible from anywhere, and help keep you up-to-date with tax obligations including fringe benefits, work cover, tax file numbers and more.

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premises

Markets

Australia, New Zealand

Supported Languages

English

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Images

MYOB Advanced Business Software - Mobile solutions liberate service, sales, and warehouse teams from bottlenecks and hurdles. Unlock efficiencies, eliminate admin backlog, reduce data errors and increase customer satisfaction.
MYOB Advanced Business Software - Give customers, staff and suppliers an unprecedented amount of information in real-time.
MYOB Advanced Business Software - Effectively manage your inventory, streamline sales and purchasing, manage your financials in real-time and more – all in a scalable and integrated solution.
MYOB Advanced Business Software - Manage your customer accounts with automated processes to help you generate invoices, send statements, verify balances, deliver customer reports and more
MYOB Advanced Business Software - Manage your sales activities with integrated workflow, configurable order types, and flexible discounts and promotion
MYOB Advanced Business Software - Link transactions to customers or suppliers, add bank charges, interest or record-omitted cash to a reconciliation screen.
View 7 more
MYOB Advanced Business video
MYOB Advanced Business Software - Mobile solutions liberate service, sales, and warehouse teams from bottlenecks and hurdles. Unlock efficiencies, eliminate admin backlog, reduce data errors and increase customer satisfaction.
MYOB Advanced Business Software - Give customers, staff and suppliers an unprecedented amount of information in real-time.
MYOB Advanced Business Software - Effectively manage your inventory, streamline sales and purchasing, manage your financials in real-time and more – all in a scalable and integrated solution.
MYOB Advanced Business Software - Manage your customer accounts with automated processes to help you generate invoices, send statements, verify balances, deliver customer reports and more
MYOB Advanced Business Software - Manage your sales activities with integrated workflow, configurable order types, and flexible discounts and promotion
MYOB Advanced Business Software - Link transactions to customers or suppliers, add bank charges, interest or record-omitted cash to a reconciliation screen.

Features

Total features of MYOB Advanced Business: 147

  • API
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Ad hoc Reporting
  • Alerts/Notifications
  • Audit Trail
  • Bank Reconciliation
  • Bid Management
  • Billing & Invoicing
  • Billing Rate Management
  • Bills of Material
  • Budget Management
  • Budget Tracking
  • Budgeting/Forecasting
  • CRM
  • Cash Flow Management
  • Cash Management
  • Cataloguing/Categorisation
  • Change Order Management
  • Check-in/Check-out
  • Client Portal
  • Collaboration Tools
  • Compliance Management
  • Compliance Tracking
  • Consolidation/Roll-Up
  • Contact Management
  • Cost Estimating
  • Cost Tracking
  • Cost-to-Completion Tracking
  • Credit Card Processing
  • Currency Management
  • Customer Database
  • Customer History
  • Customisable Dashboard
  • Customizable Templates
  • Dashboard
  • Dashboard Creation
  • Data Connectors
  • Data Import/Export
  • Data Visualization
  • Demand Forecasting
  • Discount Management
  • Distribution Management
  • Document Management
  • Document Storage
  • Document Templates
  • Drag & Drop
  • Electronic Payments
  • Email Management
  • Employee Management
  • Enterprise Asset Management
  • Estimating
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • Forecasting
  • General Ledger
  • Import/Export Management
  • Income & Balance Sheet
  • Integrated Business Operations
  • Inventory Auditing
  • Inventory Control
  • Inventory Management
  • Inventory Optimization
  • Inventory Tracking
  • Invoice Management
  • Invoice Processing
  • Item Management
  • Key Performance Indicators
  • Manufacturing Inventory Management
  • Mobile Access
  • Mobile App
  • Multi-Channel Management
  • Multi-Company
  • Multi-Currency
  • Multi-Location
  • Multiple Projects
  • Order Entry
  • Order Fulfillment
  • Order Management
  • Order Processing
  • Order Tracking
  • Overrun Reporting
  • Payroll Management
  • Percent-Complete Tracking
  • Performance Metrics
  • Predictive Analytics
  • Production Cost Tracking
  • Profit/Loss Statement
  • Progress Reports
  • Progress Tracking
  • Project Accounting
  • Project Billing
  • Project Costing
  • Project Management
  • Project Planning/Scheduling
  • Project Time Tracking
  • Project Tracking
  • Projections
  • Purchase Order Management
  • Purchasing & Receiving
  • Quality Management
  • Quotes/Estimates
  • Real-Time Analytics
  • Real-Time Data
  • Real-Time Reporting
  • Receipt Management
  • Receiving
  • Recurring/Subscription Billing
  • Reorder Management
  • Reporting/Analytics
  • Retail Inventory Management
  • Returns Management
  • Revenue Management
  • Revenue Recognition
  • Sales Forecasting
  • Sales Orders
  • Sales Reports
  • Sales Tax Management
  • Scheduled/Automated Reports
  • Scheduling
  • Search/Filter
  • Self Service Data Preparation
  • Self Service Portal
  • Shipping Management
  • Status Tracking
  • Stock Management
  • Supplier Management
  • Supply Chain Management
  • Task Management
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timesheet Management
  • Transaction History
  • Transaction Management
  • Trend/Problem Indicators
  • Visual Analytics
  • Warehouse Management
  • Workflow Management

Alternatives

Oracle Cloud Financials

4.1
#1 Alternative to MYOB Advanced Business
Oracle Financials Cloud is a complete and integrated financial management solution that sets the foundation for good...

SAP S/4HANA Cloud

4.4
#2 Alternative to MYOB Advanced Business
SAP S/4HANA Cloud is a cloud-based intelligent ERP system specifically developed for companies in all industries...

Xero

4.4
#3 Alternative to MYOB Advanced Business
Manage your stock with Xero's simple inventory management tools. Use Xero to get an up-to-date view on what your...

QuickBooks Desktop Enterprise

4.5
#4 Alternative to MYOB Advanced Business
QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access...

Reviews

Overall rating

4.3 /5
(39)
Value for Money
4.1/5
Features
4.3/5
Ease of Use
4.4/5
Customer Support
4.2/5

Already have MYOB Advanced Business?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 39
Ali Sally
Ali Sally
Overall rating
  • Industry: Real Estate
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Myob aAdvanced, a complete business solution.

Reviewed on 10/08/2021

My experience in using MyOB Advanced is great. I'm dealing with customer services and Human...

My experience in using MyOB Advanced is great. I'm dealing with customer services and Human Resources works. MyOB Advanced helps me and my company to be more responsible and gives more measurable and satisfied services to our workers and clients.

Pros

MyOB Advanced offers a lot of modular but integrated accounting functionities, easy to use and comes with real time cloud base activities. You can accomplish any accounting tasks that deal with your team and clients anywhere and anytime.

Cons

MyOB Advanced ease complications of any accounting system, that's why the UI design should developed to be more intuitive and user friendly.

Verified Reviewer
Overall rating
  • Industry: Wholesale
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Very Capable Accounting software

Reviewed on 27/06/2023

Pros

I am able to extract data very easily through Odata and have been able to set up useful API integrations with other software. It is also easy to create my own reports using Generic Inquiries. These work very similar to how a pivot table works and I am able to customize to bring in the data fields I want to see.

Cons

Sometimes being a proper accounting software i find some users find it difficult to understand and are overwhelmed by the features. However if being used by an accountant and with consultation with MYOB customer service this can be overcome to make reports and data points that all users can find useful.

Wes
Overall rating
  • Industry: Automotive
  • Company size: 11–50 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 2.0 /10

Disaster - 12 months of onboarding, training and workflow concepts we could not go live.

Reviewed on 10/07/2023

Not that great.... we spent 12 months of training, delayed going live because the inventory...

Not that great.... we spent 12 months of training, delayed going live because the inventory warehousing module didn't productively handle once of imports which needed to be allocated to Service Orders or Sales Orders. To make the system work over 400+ additional hours of customisation would be needed to allow picking slips on Service Orders, Batch customer driven backorders for weekly supply orders, sync up equipment management with service management, but the one thing that stopped going forward was the warehouse receivable process that was so underdeveloped it needed a complete revamp. None of this was picked up during the first few weeks of scoping the required workflow. On the 11th Month we decided to call it a day as the additional cost was 200% more than what we first expected. MYOB pulled the EULA and said we must keep paying up to 18 months of user subscriptions even though the product sold was not fit for purpose.

Pros

Our business Equipment Dealership, import, sell and offer aftersale care over the life of the machine, some projects, we needed a project management module that our Dealer Management System did not provide, MYOB ERP Advance looked to have everything we needed. Added benefit was an upgrade to our AP & AR and payroll.

Cons

In the Automotive & Equipment industry, inventory management is the backbone of the company, repairing vehicles and machinery always requires an accurate and easy functioning warehouse. Unfortunately, MYOB ERP Advanced "Acumatica" hasn't worked this industry out. The receivables and release to customers for imported one-off or low-volume replacement parts as a very awkward workflow that is counterproductive unless you spend a lot of $$$$ on customisation. If you are an importer that requires a customer-driven backorder out-of-stock resolution workflow, I suggest not looking at MYOB ERP Advanced.

Yo
Yo
Overall rating
  • Industry: Hospitality
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Good Accounting Software with Good Support

Reviewed on 01/10/2020

The software is reliable and does the job. It doesn't have fancy reporting or an amazing user...

The software is reliable and does the job. It doesn't have fancy reporting or an amazing user interface but it's got everything you need. MYOB responded well to the changes needed for STP reporting, JobKeeper payments and Government Grants.

Pros

Good, reliable software for accounting and payroll. Integrates well with our timesheet and rostering App (Deputy). Product support is generally very good and has extended hours.

Cons

A few things are not very intuitive, eg I wanted to run a report showing how much we've spent with a certain supplier over the past year. The information wasn't where you'd expect it (in their card file). There are a couple of ways to get this info but I had to call support to find out. Also, we don't typcially generate invoices but when I needed to do one, I found it quite difficult to format it how I wanted it and to find out how to provide bank details instead of credit card info for payment.

Alternatives Considered

QuickBooks Desktop Enterprise and Xero

Reasons for Switching to MYOB Advanced Business

Accountant uses MYOB and it seemed simpler to use the same.
Bhavik
Bhavik
Overall rating
  • Industry: Financial Services
  • Company size: 51–200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

An All in One Accounting Product

Reviewed on 27/03/2020

My overall experience with MYOB Advanced is its a great feature packed product which can be priced...

My overall experience with MYOB Advanced is its a great feature packed product which can be priced correctly.

Pros

The thing I like the most about MYOB Advanced is its ease of use and vast feature set. The Cloud base feature is very helpful.

Cons

The thing I like the least about MYOB Advanced is its pricing, which can be reduced. Also, for a new customer, it is very overwhelming with all the features and mostly require a training to get hold of.

Alternatives Considered

SAP S/4HANA Cloud

Reasons for Switching to MYOB Advanced Business

Better feature set and advanced cloud functionalities.
Showing 5 reviews of 39 Read all reviews

MYOB Advanced Business FAQs

Below are some frequently asked questions for MYOB Advanced Business.

MYOB Advanced Business offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Not Available

Contact MYOB for detailed pricing information.

MYOB Advanced Business has the following typical customers:

11–50, 51–200, 201–500, 501–1,000, 1,001–5,000

MYOB Advanced Business supports the following languages:

English

MYOB Advanced Business supports the following devices:

Android (Mobile), iPhone (Mobile), iPad (Mobile)

MYOB Advanced Business integrates with the following applications:

HubSpot Marketing Hub, MYOB Business, Microsoft Outlook, Microsoft Power BI, SAP Business One, SAP Concur, Salesforce Sales Cloud

MYOB Advanced Business offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support

Related categories

See all software categories found for MYOB Advanced Business.