MYOB Business

Pros

Easy to use. We can handle different clients very easily.

Cons

Less features as compare to other products

Pros

MYOB have worked hard to make the product more user friendly for both the business and the accountant.

Cons

The pricing can be more than some others on the market.

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

Amazing customer support, rich suite of features and makes it super easy for accountants and bookkeepers to do their bit!

Cons

Can be a little tricky to wrap your head around when first getting started, sometimes features are a little hard to understand (like how to put in a TFN if a person is exempt, etc)

Pros

The software is good and once learned is reasonably easy to use and is very accurate.

Cons

The customer service. Heaven help you if you need to speak with someone or get any technical help!!! Make sure you can have your phone line available for a couple of hours wait!!

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

The financial reporting abilities of MYOB Business are very good and very well developed. They present accurate and real time reports that allow for a large volume of information to be automatically reported from a business management point of view.
The ability to add specific permission levels to individual users is also highly valuable as the there may be some layers f information that the company does not want the individual to have access to which is something MYOB has done really well.

Cons

MYOB is more costly than a number of other accounting software packages on the market, although it is more powerful and has more functions.
From a personal point of view the user interfaces feel outdated. Although they are very powerful and have a lot of functionality it presents as though it is a 20 year old version of windows.

Pros

It looks nice but that is where anything good stops for MYOB.

Cons

Every accountant I talk to advise not to use MYOB. I have now been locked out of my account for over a month with their system incapable of remembering logins requiring external apps which then don't work, have also been unable to share access to reports due to MYOB changing statuses without my knowledge.

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

nothing. Absolutley nothing. I just can't say anything positive about it other than if you just want to do some simply invoices then yes it will work.

Cons

It is very limited and very difficult to use.

Almost as if it has been set up to frustrate you to upgrade to a higher product.

Just getting basic reports is nigh impossible.

Pros

Fairly easy to use user-friendly very efficient aweosme te.plates for invoices

Cons

The versatility of the account numbers they have many subcategories .

Alternatives Considered

Reasons for Choosing MYOB Business

Switched From

Reasons for Switching to MYOB Business

Pros

A very old school accounting software program which hasn't changed, but easily to follow along with experience.

Cons

A very old school accounting software program which hasn't changed - still relies on users to understand basic accounting, which small business owners do not

Pros

Cheap and somehow good enough for small businesses.

Cons

Not enough reporting options, no way of saving all my invoices quickly. Have to go to each Individual invoice and save them one by one.

Pros

As a small business owner not trained in the art of accounting there wasn't a lot we found easy about using MYOB Essentials. The reporting process at the end is probably our highlight.

Cons

We found MYOB Essentials cumbersome to set up and use. The support team was basically of little help. Sending files to our Accountant at the end of the tax year was a pain. MYOB Essentials is better suited to those with a deeper knowledge of accounting than what we have in our business. That is why we switched to XERO which we find much easier and more efficient to use.

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

Application layout makes it easy to navigate

Cons

The upgrade feature needs to run in the background.

Pros

It feels very well though out, very responsive.

Cons

I would like there to be a cheaper version for those with infrequent use

Pros

It’s been around for over 20 years. Fully functional and developed software. Easy to use.

Cons

Multi currency can be improved but it’s not used often.

Pros

I used Myob for the first 6 months of my own business was way too complicated for me.

Cons

Very complicated if you are not up to date with all the terminology of accounting if not for that I would have continued to use MYOB.

Pros

Simple and easy to use. A good range of add on products.

Cons

No real ability to grow with your business.
Its really only suitable SME

Pros

Easy to use. If you have a computer, you can access everything

Cons

Glitch with reconciliation. You have to go back to the dashboard if you want to reconcile a different account (each time) have been trying to setup bank feeds for credit card for years. Have been unable to update credit card details or pay the bill for the product for 2 months. Very annoying to log into, nearly every time you have to log in two or three times before you actually log in. If you like waiting on the phone to talk to someone, only for the call to time out after 40mins or get put through to some white noise, again and again this is the company for you.

Pros

Not much, the old version worked perfectly, we were given an ultimatum

Cons

Undeposited funds should not be automatic, you cannot delete

Pros

Very detailed, Easy to add transactions.

Cons

I found the software was not very “user friendly” especially as someone who isn’t the greatest at Bookeeping, the terms (words) and navigation was very hard sometimes. I ended up switching to Quickbooks.

Pros

Ese of use, accessibility, features are simple, seamless integration, reporting functions, governance

Cons

None, it is clear and easy to use daily.

Pros

I have used MYOB for years, it's perfect for getting the job done, and easy to use.

Cons

Sometimes the ability to change or delete transactions is a little bit dangerous.

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

Pros

Compatible with earlier versions.
Interface is very similar to previous versions.

Cons

Expensive for what it is!
Slow!!!!! For small or casual use it MAY be okay, but for any real data volume, its just too slow. (Even on the latest PC)
Relies heavily on the internet (could be cause of part of the speed problem)
Limited customisation

Pros

The easy to use features help me keep track of my accounts when I have so much going on

Cons

There’s not much I don’t like, I’m pro MYOB Business

Pros

Its functioning is good. You can easily get your Accounting data customized by preparing P&L account & Balance sheet

Cons

1. You have to take backup by your self no self backup facility.
2. Difficult to understand the reporting process.

Pros

What I like most about MYOB is its efficiency in handling all my accounting needs. I use it for bookkeeping, reconciling accounts, sending invoices, managing payroll, paying bills, and tracking transactions. It keeps everything organized in one place, making monthly financial reviews straightforward and helping me stay on top of our accounting tasks with ease.

Cons

What I like least about MYOB is that syncing with other software can sometimes be unreliable. For example, integrating MYOB with Total Synergy has caused issues at times, which interrupts my workflow and requires extra troubleshooting.

Pros

Very in-depth, detailed and robust application and accounting platform for seasoned Accounts Officers, Bookkeepers and Accountants.

Cons

MYOB Business was challenging to learn and become familiar with for those not used to large digital financial applications. Some training was required.

Pros

Easy to use. Straightforward
Online or app

Cons

Payroll could be easier to make changes

Pros

MYOB capture, syncs with my CRM & quoting system

Cons

Issues with MYOB capture from time to time

Pros

This accounting software has been so reliable.
MYOB Business works so well for us.
MYOB Business is easy to use.

Cons

No cons about MYOB Business.
MYOB Business is brilliant.

Pros

MYOB Business is a sensational and accurate accounting solution.
I love the simplicity of MYOB Business.

Cons

I do not dislike MYOB Business at all.
MYOB Business is so brilliant.

Pros

This accounting solution has been working so well for use due to its effective features.
MYOB Business has been highly reliable and easy to use.

Cons

I do not have cons for MYOB Business.
MYOB Business works so well.

Pros

The features of this accounting system are incredible.
MYOB Business is so amazing.

Cons

MYOB Business has brilliant features.
No issues about MYOB Business.

Pros

We use MYOB for our payroll and it is very simple and functional software

Cons

I don’t have a con for this software as we are very happy with it

Pros

Bank Feeds, Date Lock, Balance Sheet, GST Report

Cons

Lack of functionality on website, can't use the find transaction feature.

Pros

The invoicing in-tray ables you to drag and drop your invoices on queue to process it smoothly. MYOB captures the details and all you need is a double check if it got the correct details which most of the time is correctly, unless your invoice/receipt is blurry.

Cons

I think it’s the payroll. It’s a bit manual with adding correct times in the timesheets.

Pros

MYOB is the solution for managing the companies taxes and invoices in Australia.

Cons

I would love to have it in more languages

Pros

The depth of the accounting softwarealot more features than most

Cons

The annual subscription fee is a tad bit high

Pros

The software is relatively easy to use.

Cons

It’s hard to get face to face support. Even when I’ve requested it I’ve received an email!! That’s not the support I appreciate. Every response is an email with a link to a webpage. This doesn't always help.

Pros

MYOB allows for client management and invoicing from one system.

Cons

Using this system to manage an IT business is not the most innovative system and it has integration challenges from our PSA.

Pros

I love the soft is so user-friendly. I have been using MYOB since 2006. As an accountant I use XERo, quickbooks, handisoft. I think that from the end user point of view MYOB still easiest business software. From an accountant point of view it is also very user friendly. It helps me fix the mistakes my clients made with an ease. Bank reconciliation used to be great, now, after some modifications it is much worse. Yet , overall I think that MYOB is still the sest business solution for a small business in Australia

Cons

Customer support is not existent. Many of my client switched to Xero or quick books because of terrible customer support in MYOB

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

It's a great, easy to use product that would suit any type of business.

Cons

It's limited by that it doesn't allow multiple businesses for consolidated accounting, so it'll always lose to bigger systems.

Pros

I have used myob for simple invoicing and it’s flawless. You can tell that it has more capabilities.

Cons

There’s nothing negative about myob and the price is affordable

Pros

User experience is great and is easy to use for beginners. As the product has been around for some time, the forums are helpful for common issues and troubleshooting. From my experience the online support chat is helpful when needed. The myob capture app is great for recording receipts and invoices on the go for allocation later on desktop.

Cons

Recurring invoices are a great feature, however for my purposes, I would prefer a create from template feature for recurring contacts. Would prefer to have final say/approval over invoice reminders so the template can be customised to the circumstances. Some basic filtering and sorting features could be added for betting tracking of transactions, invoices, etc.

Pros

I needed the ability to access accounting transactions online.

Cons

What I liked least about MYOB business is that is was very limited therefore went with Xero.

Pros

Packed with features for invoicing and accounting needs.

Cons

Very expensive when compared to similar products.

Alternatives Considered

Reasons for Choosing MYOB Business

Switched From

Reasons for Switching to MYOB Business

Pros

Reasonably easy to use but have found Xero to be much better in almost every way.

Cons

Limited features and limited expandability compared to Xero. No was to have a back up of accounting file on your computer. If or once you decide Essentials ins't for you, they do not offer a way to transfer to their own Account Rite product nor do they off to export data to Xero. They will give you 1 month access as a read only before all data is deleted off their server unless you pay $25 Per month for the remaining 5 years you're required to keep the data

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

Good app availability to easily capture expenses and receipts. Simple to get started and underway with and often free with certain banks etc for the first year.

Cons

Beyond some basic functionality it was difficult to understand how best to do many things. In addition it was very difficult to reconcile amounts where a bank fee had altered the incoming amount. Often resulting in adjusting the original invoice rather than simply applying a fee during reconciliation.

Alternatives Considered

Reasons for Switching to MYOB Business

Pros

The wide range of features and varied reports that can be produced to assist with trackingn expenditure , budgeting and forecasting.
Regular updates keep us compliant with tax law.

Cons

I do not operate the software. Unable to answer.

Pros

Payroll is ok it has some nice features on pay items but nothing the old essentials could do easily.

Cons

The list is far too long. The old essentials is excellent. All that needed to be done is have the option of reports it had be converted to excel rather than PDF. The decision to go to accountright will be fatal.