MYOB Advanced Business

4.3
Overall rating
Reviews

4.3
Overall rating
Reviews
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About MYOB Advanced Business

MYOB Advanced Business is a cloud-based enterprise resource planning (ERP) solution that enables businesses to streamline processes related to sales, inventory management, payroll, customers, accounting and more. Professionals can utilize the platform to create projects using in-built templates, generate invoices and handle weekly, monthly, quarterly and custom billing processes. Key features of MYOB Advanced Business include workflow management, audit trail, drag-and drop interface, timecards and personalized dashboards. Administrators can manage marketing campaigns, track equipment, set up maintenance schedules and utilize an application programming interface (API) to connect the software with several third-party platforms. Additionally, it lets supervisors gain visibility into business activities via reports, data visualization capabilities and more. MYOB Advanced Business provides mobile applications for Android and iOS devices, which helps professionals create tasks, enter expense claims/receipts and review documents, even from remote locations. Pricing is available on request and support is extended via phone, documentation and other online measures.
MYOB Advanced Business Software - MYOB Advanced data visualization
MYOB Advanced Business Software - Project Dashboard
MYOB Advanced Business Software - Budgeting Report
MYOB Advanced Business video
MYOB Advanced Business Software - MYOB Advanced data visualization - thumbnail
MYOB Advanced Business Software - Project Dashboard - thumbnail
MYOB Advanced Business Software - Budgeting Report - thumbnail

MYOB Advanced Business pricing

MYOB Advanced Business does not have a free version but does offer a free trial.

Starting Price:
Not provided by vendor
Free Version:
No
Free trial:
Yes

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MYOB Advanced Business Reviews

Feature rating

Value for Money
4.1
Functionality
4.3
Ease of Use
4.4
Customer Support
4.2
5 reviews of 39 View all reviews
Ali Sally
  • Industry: Real Estate
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 10/08/2021

Myob aAdvanced, a complete business solution.

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.

Steven
  • Industry: Human Resources
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
3

4
Reviewed on 24/01/2023

Efficient and seamless accounting on MYOB Advanced

MYOB Advanced also enabled us to save on having our own server-based environment, we’re now in the Cloud. So a saving on server license fees/ backup issues etc. We have also centralised our FAR in MYOB. Velixo is definitely the best feature of using Advanced, as detailed above.

Pros

Integration with Velixo is a big plus. The write back and drill down features enable us to complete the accounting / reporting a lot quicker. -Updating budgets is much easier now. Velixo has provided a full suite of customized reports by refreshing data and changing date filters.-A key strength of the fixed asset module is that we can attach things like CAPEX approvals, quotations etc to the fixed asset record.

Cons

The fixed assets forces the user to enter a useful life even for RB assets. There's also not validating tool prior to import, so when you set this up in MYOB you need to keep re-importing. We had some initial difficulties with inter-entity transactions which was only overcome with customisations and some protocols being put in place.

Alternatives Considered

Sage Accounting and NetSuite

Reasons for Choosing MYOB Advanced Business

ERP300 was no longer supporting the version we were using and was incompatible with MS Office 10 (I think?)

Reasons for Switching to MYOB Advanced Business

Cost and ease of use. Sales people explained the product better and we thought we would receive good after sales implementation (which we did)
Nick
  • Industry: Wholesale
  • Company size: 11–50 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
1

1
Reviewed on 30/03/2023

Appalling performance and customer support from MYOB including Head of Product at MYOB

When the system is working properly, it is good. It took around 5 months to get it running properly in terms of the correct sequence of 'business events'. There were problems with the choice of inventory allocation process for the sales orders so we had problems with back-ordered stock arriving and triggering pick slips. For the past 3 months, we have had major problems with MYOB's hosting of the service which has ranged from zero access to the system, to system drop outs to 'business events' not firing. Our local consultant has been on the job chasing MYOB with support tickets. We are now 3 months in with little to no contact from MYOB and no hint of what the problem is or what the fix is. Incredibly we have recently heard through our consultant that MYOB is scheduling an upgrade to our service in around 5 months time. We are no clearer as to what the problem is nor whether this upgrade will fix the problem. Nor an explanation as to why it has taken 3 months to arrive at this point of requiring an upgrade. Nor an explanation as to why it will take 5 months. Nor whether it can be brought forward.

Pros

It is cloud based and simple to access over web browers. Looks like it does most things well to run our business.

Cons

It was a complex job to get the system running smoothly, probably taking around 6 months. We migrated from MYOB EXO which was a good product but we felt it was outdated and increasinly poorly supported by MYOB. We understood from our local implementation partner that MYOB were applying a lot more resources to Advanced and it would be their go-to mid tier product going forward.

Verified Reviewer
  • Industry: Wholesale
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
4
Customer Support
5

5
Reviewed on 27/06/2023

Very Capable Accounting software

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.

Yo
  • Industry: Hospitality
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
5

4
Reviewed on 1/10/2020

Good Accounting Software with Good Support

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.

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