1 vote

MYOB Reviews (2024): Pricing, Pros & Cons

A comprehensive accounting and payroll management solution, MYOB comes with a lot of handy features to help businesses.

0%
Ease of Use
92%
Features
94%
Value For Money
92%
Customer Support
94%

What is MYOB?

MYOB is a cloud-based accounting software allowing businesses to manage payroll, finances, including tax, accounting, and other business services, easily.

With MYOB, you can track your expenses and create professional invoices without hassle. Users can even get payments in any foreign currency they want.

You can get a 30-day free trial offer with your MYOB plan, which can help you to make a risk-free investment. MYOB is an easy-to-use software that provides you with accurate data about the performance of your business that helps you to make informed decisions.

Let’s look at the software in detail.

MYOB Company Details

Myob is a Multinational company that provides you with tax, accounting, and other financial services. Myob was founded in 1991 by the founder Christopher Lee. Now Myob has a customer base of 1.2 million businesses using Myob to manage their finances.

Company Name: MYOB Technology Pty Ltd.

CEO Name: Paul Robson

Year Founded: 1991

Employees: 1001-5000

HQ Location: Victoria, Australia

Paul Robson MYOB
Paul Robson
CEO MYOB

MYOB Screenshots and Media

Pros and Cons of MYOB

Pros of MYOB

  • Supports Multi-Currency
  • 30 days Free trial
  • Inventory Management
  • Easy to Use
  • Single Touch Payroll

Cons of MYOB

  • Lack of customer support
  • Learning Curve

MYOB Features

Get Paid Faster

MYOB provides you with the option to add a “Pay Now” button to your invoices, which can help you to get paid faster.

Manage your Expenses

Using MYOB, you can track your expenses easily; you can manage your bills and automatically compare your bank transactions to your purchases.

Invoicing

Using MYOB, you can send your invoices from any device with customizable templates that help you to get paid faster.

Paperless Management

Using the MYOB Capture app, you can easily update your receipts to the software by just clicking the picture of your receipts.

Tax Calculation

MYOB helps you to calculate your GST automatically and lodge your BAS directly from the software itself.

Connect Bank Account

You can easily connect your bank account and credit cards to MYOB so that you can always keep track of your cash coming in and going out of your business.

Cloud Payroll

You can save time using the smart payroll management system provided by MYOB.

Financial Reporting

MYOB provides you with easy-to-use financial reports that help to give you a deep insight into your cashflows and other finances in just a matter of one click.

More Payment Options

With MYOB, you will get access to a wide range of payment options that helps you to get paid easily without any hassle.

Timesheets

You can easily manage your employees by keeping track of your timesheets and rosters from MYOB software.

MYOB Pricing

MYOB offers multiple pricing plans to select from. The price can be a little different when you check it depending on the offers available.

PlanLiteProAccountRight PlusAccountRight Premier
Monthly Pricing$5.00$8.00$68.00$85.00
Features
Track income and expensesYesYesYesYes
Create and send professional invoices and quotesYesYesYesYes
Accept payments†YesYesYesYes
Scan and store receiptsYesYesYesYes
Track GST and lodge BASYesYesYesYes
Bank Account connectionUpto 2UnlimitedUnlimitedUnlimited
Insight and Reporting
Tax and GST reportingYesYesYesYes
Profit and loss reportingYesYesYesYes
BudgetsYesYesYesYes
Inventory ReportingYesYes
Multi-CurrencyYes
Inventory
Manage ordersYesYesYesYes
Manage suppliersYesYesYesYes
Run stocktakeYesYesYesYes
Advanced Inventory MnagementYesYesYesYes

MYOB Price Comparison

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What Kind of Support Does MYOB Offer?

MYOB comes with a lot of support content, videos to help the users. They have a comprehensive support portal where you may find content to know more about the software.
Email Support
Live Chat
Forum & Ticket
Tutorial Videos & Documentation

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Frequently Asked Questions About MYOB (FAQs)

MYOB is an accounting and payroll management software solutions for small and medium-sized businesses.
No, MYOB is not a free software. However, you may try the software free for 30 days.
MYOB offers a number of pricing plan options to select from. The starting price is around $5 for a month.
MYOB comes with a comprehensive support portal where you may find answers to most of your questions. They have a number of video tutorial to make it easier for users to understand the product.

System Requirements and Supported Platforms

Review Method

At Begindot, we go through each product in detail so that we can prove the most authentic information to our audience. We try the products, go through documentation, do research in user sentiments before adding our final recommendation. 

Affiliate Disclosure: Begindot is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

MYOB User Reviews and Ratings

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