About MYOB Business

MYOB Business is an online accounting software that has a range of features designed to help businesses across Australia – whether they’re a start-up or a large business. Easily and quickly take care of GST, PAYG and BAS reports, invoices, reporting, expenses, and payroll (including Single Touch Payroll). Designed to save time, increase productivity, and stay up to date with compliance obligations.

MYOB Business is online making it easy to work from anywhere. Being online means business owners can invite accountants, bookkeepers, or their business partners to work together on their business books, including managing cash flow and ATO compliance requirements.

Track and reconcile expenses automatically by simply linking a bank account. Compare and improve business performance by creating clear, targeted budgets, and track profit and loss in real time. Pay employees easily and with confidence and give employees access to payslips and timesheets online.

MYOB Business is automatically updated every time there’s a tax change to keep businesses in step with the ATO.

Pricing starting from:

$12.00/month

  • Free Version
  • Free Trial
  • Subscription

Key benefits of MYOB Business

• Expense tracking - automatically import your banking and credit card transactions securely and directly, always under your control.

• Give your customers more ways to pay with online invoices through AMEX, Visa, Mastercard or BPAY payments.

• Updated automatically every time there’s a tax change, like Single Touch Payroll - making you compliant without lifting a finger.

• Easily invite bookkeepers, accountants, or business partners into your account to collaborate from anywhere.

• Compare and improve business performance by creating clear, targeted budgets, and track profit and loss in real time.

Devices

Business size

S M L

Markets

Australia, New Zealand

Supported Languages

English

Pricing starting from:

$12.00/month

  • Free Version
  • Free Trial
  • Subscription

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

Total features of MYOB Business: 112

  • API
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Notifications
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Chart of accounts
  • Client Management
  • Collaboration Tools
  • Collections Management
  • Compliance Management
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management
  • Customer Database
  • Customer Statements
  • Customisable Invoices
  • Customizable Reports
  • Dashboard
  • Data Import/Export
  • Data Synchronization
  • Document Management
  • Document Templates
  • Due Date Tracking
  • Electronic Payments
  • Email Management
  • Employee Management
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • For AEC Industry
  • For Accountants
  • For CPA Firms
  • Forecasting
  • Fraud Detection
  • General Ledger
  • Goal Setting / Tracking
  • Income & Balance Sheet
  • Inventory Management
  • Inventory Tracking
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Job Tracking
  • Leave Tracking
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Currency
  • Nonprofits
  • Offline Access
  • Online Invoicing
  • Online Payments
  • Partial Payments
  • Payment Processing
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Progress Tracking
  • Project Management
  • Project Time Tracking
  • Project Tracking
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real Time Data
  • Real Time Reporting
  • Real-time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Sales Management
  • Sales Tax Management
  • Search/Filter
  • Sick Leave Tracking
  • Spend Management
  • Staff Management
  • Status Tracking
  • Supplier Management
  • Task Management
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timesheet Management
  • Vacation/Leave Tracking
  • Vendor Management
  • Workflow Management

Alternatives

Xero

4.3
#1 Alternative to MYOB Business
Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation,...

QuickBooks Desktop Enterprise

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

Reckon One

4.4
#3 Alternative to MYOB Business
Reckon One is an online accounting tool that offers financing modules and allows self-employed and small business...

Quickbooks Online

4.3
#4 Alternative to MYOB Business
QuickBooks Online is a complete small business accounting solution which allows users to manage all their financial...

Reviews

Overall rating

3.8 /5
(96)
Value for Money
3.3/5
Features
3.5/5
Ease of Use
3.6/5
Customer Support
3.2/5

Already have MYOB Business?

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

Write a Review!
Showing 5 reviews of 96
Katrina R.
Overall rating
  • Industry: Accounting
  • 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 10.0 /10

Solid product for small business

Reviewed on 07/11/2018

Has been around for a long time. Tried and tested and is a great product. Starting to price a...

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.

Joe B.
Overall rating
  • Industry: Computer Software
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

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

Manual System Converted into Digital

Reviewed on 29/12/2020

MYOB has changed the way we work, simplifies book keeping to take away so much pain

MYOB has changed the way we work, simplifies book keeping to take away so much pain

Pros

- Easy to signup and simple setup to get things started
- Pricing - Special offer for new start ups
- Invoice reminders
- Invoice templates look very professional
- Invoice shows when customer / vendor have viewed (SUPER HELPFUL)
- Intray for emailing receipts and tracking

Cons

- Not being able to invoice in multiple currencies, have to workarond this by invoicing in the charable foreign currency then after payment is recieved adjusting the template to the local amount that is received.

Alternatives Considered

Xero

Reasons for Choosing MYOB Business

Made the switch from doing everything the slow manual way! Can never turn back now

Reasons for Switching to MYOB Business

Price and special offer for new startups
Kara V.
Overall rating
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Myob

Reviewed on 26/05/2022

Very easy to use. Clients are happy with it and also find it easy with minimal questions

Very easy to use. Clients are happy with it and also find it easy with minimal questions

Pros

The ease of using this program. Being able to get into clients accounts and finalising their work.

Cons

I have no issues to report with this program.

Lee P.
Overall rating
  • Industry: Construction
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 6.0 /10

The software is good for a small entity but once you grow and need more detail it becomes a...

Reviewed on 22/05/2017

For a small firm with limited reporting requirements it is okay but for any jobs with Work...

For a small firm with limited reporting requirements it is okay but for any jobs with Work Breakdown Structure requirements it comes up short and becomes a limiter for the company. I get very frustrated with the after sales support system. It is not customer focused and leaves you wondering why you pay for it.

Pros

Good basic internal controls so novice bookkeepers can run day to day.
Easy to install and set up.
Reasonably cheap for what you get.
Handles GST well.

Cons

Not the best for Job costings.
Payroll system ordinary serious reporting drawbacks as far as information flow to the General Ledger.
Tends to freeze in reporting production which can lock out users.
Support service is very poor, you get the feeling the staff could care less in resolving issues.
Interactive screen supports not used you have to send a file and wait for a response.
Wait time on the phone for support is very bad.

Beverly B.
Overall rating
  • Industry: Health, Wellness & Fitness
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 6.0 /10

MYOB software

Reviewed on 28/04/2022

Pros

Process was easy to set up, had some good features that were used frequently

Cons

Needed more features added to make good use of the accounting,invoices were limited

Showing 5 reviews of 96 Read all reviews

MYOB Business FAQs

Below are some frequently asked questions for MYOB Business.

MYOB Business offers the following pricing plans:

  • Starting from: $12.00/month
  • Pricing model: Subscription
  • Free Trial: Available

Payroll: $10.00 / month Business Lite: $12 / month Business Pro: $25.00 / month AccountRight Plus: $60.00 / month AccountRight Premier: $75.00 / month 50% off for 3 months - excluding Payroll. Try free for 30-days.

MYOB Business has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000, 1,001-5,000

MYOB Business supports the following languages:

English

MYOB Business supports the following devices:

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

MYOB Business integrates with the following applications:

Abtrac, Adfile, Adobe Commerce, AroFlo, Assignar, AutoEntry, BigCommerce, Cyfe, Debtor Daddy, Dext Prepare, Employment Hero, Ento, Expiration Reminder, Fathom, Fergus, Fieldmagic, FreshBooks, Function Tracker, GeoNext, InviteBox, InvoiceSherpa, Inzant Sales, Jitterbit, Lightspeed POS, Mailchimp, MinuteDock, OneSaas, OpenCart, Panalitix, Pepperi, ProWorkflow, SalesIn, Salesforce Sales Cloud, ServiceM8, Shoeboxed, Shopify, SparkPay, Spotlight Reporting, Starshipit, Tall Emu CRM, Timely, Tradify, Unleashed, Vendo, Volusion, WooCommerce, Workshop Software, Zoho CRM, eZee Reservation, ezyCollect, simPRO

MYOB Business offers the following support options:

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

Related categories

See all software categories found for MYOB Business.