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Based on 255 user reviews, MYOB has an overall rating of 3.26 out of 5 stars.


MYOB Review (2024): Pricing, Pros & Cons

MYOB is an Australian multinational corporation that provides tax, accounting, and other business services software for small and medium-sized businesses.

Ease of Use
Value For Money
Customer Support

What is MYOB?

MYOB is a comprehensive tax, accounting, and financial services software suite. Founded in 1991 by Christopher Lee, the platform is used by over 1.2 million businesses worldwide and offers tailored solutions to meet the financial management needs of different businesses. The software is known for its user-friendly interface that simplifies accounting tasks such as invoicing, expense tracking, and financial reporting. With a commitment to innovation and customer satisfaction, MYOB offers a range of pricing plans to suit different business sizes and needs, making it a versatile tool in the financial technology sector. 

What is MYOB Good for?

MYOB is highly effective for managing business finances, tax reporting, and accounting tasks. It excels at automating and streamlining complex financial processes, making it easier for businesses to comply with tax laws, manage cash flow, and perform in-depth financial analysis. The software’s features include professional invoicing, expense tracking, payment acceptance, inventory management, and multi-currency support. These features are designed to save time and reduce errors, allowing businesses to focus on growth and strategic planning.

Who Should Use MYOB?

MYOB is ideal for small to medium sized businesses across a range of sectors looking for an efficient way to manage their accounting and financial operations. It is particularly beneficial for business owners, accountants and financial managers looking for a reliable and comprehensive financial management solution. The software’s scalable pricing plans make it accessible to start-ups, while offering advanced features for more established businesses that require in-depth financial analysis and inventory management. Freelancers and entrepreneurs who need simple financial tracking and invoicing solutions can also benefit from the software’s features.

MYOB Company Details

MYOB, the company behind MYOB, stands as a multinational corporation specializing in tax, accounting, and other financial services. Founded in 1991 by Christopher Lee, MYOB has grown significantly over the years, establishing a robust customer base of 1.2 million businesses globally. The company is recognized for its emphasis on innovation, customer satisfaction, and providing comprehensive financial management solutions that cater to a wide range of business needs. Through its commitment to supporting businesses in managing their finances more efficiently, MYOB has positioned itself as a leader in its sector. With various pricing plans designed to meet the diverse requirements of its clientele, MYOB demonstrates a keen understanding of the business landscape, enabling it to offer tailored solutions that enhance operational efficiency.

Company Name: MYOB Technology Pty Ltd.

CEO Name: Paul Robson

Est Year: 1991

Employees: 1001-5000

HQ Location: Victoria, Australia

Paul Robson MYOB
Paul Robson

MYOB Demo & Media

MYOB Top 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.


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.


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

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 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
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
Inventory ReportingYesYes
Manage ordersYesYesYesYes
Manage suppliersYesYesYesYes
Run stocktakeYesYesYesYes
Advanced Inventory MnagementYesYesYesYes

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User Reviews

3.3 out of 5 stars (based on 255 reviews)

MYOB is a fairly good piece of software

May 25, 2024

It provides an easy platform to process orders Review collected by and hosted on

Avatar for Cassandra L.
Cassandra L.
Review Source: G2

Easy to use

May 25, 2024

The ease of use and ability to edit transactions once they have been recorded. MYOB generates meaningful reports and it is easy to reconcile bank accounts with transactions imported directly from the bank. Review collected by and hosted on

Avatar for Shireen R.
Shireen R.
Review Source: G2

MYOB Review - Upgrade AccountRight to Business Lite

May 25, 2024

MYOB was good before but they havent updated it, Just increased the pricing. Looking at the market products and pricing of products like quickbook and Xero Review collected by and hosted on

Avatar for Author name not found
Author name not found
Review Source: G2

MYOB Very Greedy always pay $$$$$$$$

February 17, 2024

MYOB Very Greedy always pay $$$$$$$$I have been a MYOB customer for over 19 years I retired 5 years ago.I want to open an old data files on my own program to open it I have been unable to as they have change to system, but if I pay I money can recover the files. I want to open an old data files but need new program to open it $$$$$$$So much for having history for 7 Years if cannot open it.

Avatar for Ray Brown
Ray Brown
Review Source: Trustpilot

The bank feeds never work

February 8, 2024

The bank feeds continually stop updating. The problem lasts for 3 to 4 weeks. it gets fixed and then stops again in another months time. You can’t contact anyone through their customer service support. The online chat is a bot – useless and frustrating. you can’t speak to an actual human. MYOB manages to make sure they invoice you monthly though.

Avatar for Dee
Review Source: Trustpilot

What Kind of Support MYOB Offers?

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


Yes, MYOB is a legitimate multinational company founded in 1991 by Christopher Lee. It serves a client base of 1.2 million businesses worldwide, providing reliable tax, accounting, and financial management solutions.
Yes, MYOB is worth paying for because it offers comprehensive financial management solutions tailored to different business needs. It offers a range of pricing plans starting from $5.00, ensuring that businesses can choose services that suit their needs, including essential features such as expense tracking, professional invoicing, and payment acceptance.
MYOB offers integrations with a wide range of other software, enhancing its usefulness by allowing businesses to link their financial management with other key business tools. While specific integration details vary, MYOB’s focus on innovation ensures that it supports seamless connectivity with a wide range of software applications to enhance its accounting and financial services.

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