MYOB review for small businesses
Step away from the spreadsheets and get more time back in your day with this easy-to-use accounting software.
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When running your own business during the coronavirus crisis, managing the books is usually not at the top of the list of things you want to spend your day doing. An accounting tool that's easy to use and allows you to maintain tight control over your finances is critical to running a successful small business.
MYOB helps you get a clear picture of your business's financial health with a variety of plans to choose from and ongoing support to help you get unstuck when you need it.
What is MYOB?
MYOB is a straightforward platform for managing your accounting and payroll needs. It's been designed by Aussies for local businesses of any size and at any stage of growth.
You can track and update your finances when convenient with the mobile app, manage bills and expenses, track when clients receive and open your invoices and pay your staff with a few clicks.
How can I use MYOB for business?
Stay compliant, save time and reduce the stress at tax time with MYOB's stack of features for small businesses including:
- Single touch payroll reporting
- Pay your employees
- Track and prepare GST for your business activity statement (BAS)
- Manage bills, expenses and invoices
- Send professional quotes and invoices
How much does MYOB cost?
MYOB offers a variety of features with a mix of payment options. Subscriptions start from $10 per month for purely payroll services and run up to $140 per month for the full suite of payroll and accounting services.
The Essentials product is for online-only access and is split into accounting and payroll services.
Businesses needing a more powerful software with offline access along with inventory and job tracking can consider MYOB's AccountRight plans.
How much does MYOB Essentials cost?
| Essentials Payroll | Accounting Starter | Accounting | Accounting + Payroll | |
|---|---|---|---|---|
| Great for | Businesses that only require payroll. | New businesses just starting out | Small businesses and sole traders | Small businesses also taking care of payroll |
| Cost per month | $10 | $27 | $48 | $60 |
How much does MYOB AccountRight cost?
| Standard | Plus | Premier | |
|---|---|---|---|
| Great for | Businesses that need to manage inventory | Businesses that need to manage inventory and payroll | Businesses that manage multiple company accounts |
| Cost per month | $70 | $109 | $140 |
What do you get with the Essentials version?
Essentials is designed for new and smaller businesses and includes mobile apps for quotes, invoicing and receipt capture as well as card and BPAY payments.
| Essentials Payroll | Accounting Starter | Accounting | Accounting + Payroll | |
|---|---|---|---|---|
| Key features |
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What do you get with the AccountRight version?
Most AccountRight plans include the features of Essentials with additional functions to help businesses track jobs and inventory.
| Standard | Plus | Premier | |
|---|---|---|---|
| Key features |
| Everything included in Standard plus:
| Everything included in Standard plus:
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How does MYOB compare against alternatives?
| MYOB Essentials | Quickbooks Online | Xero | |
|---|---|---|---|
| Key features |
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| Price per month | $10 - $60 | $15 - $50 | $10 - $150 |
| Support | Support via phone and live chat 7 days | Support via a dedicated contact number available 8:30 am - 6:30 pm Mon - Fri (AEST) | 24/7 support via contact form with the option for a callback |
How to contact MYOB?
MYOB's support team can be reached via live chat online or phone seven days a week.
For technical support, you can also consult MYOB's online community or review its extensive help section.
