MYOB vs ProfitBooks
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
MYOB offers fewer features (43 vs 65) and more integrations (6 vs 4). Starting price: MYOB at $9/mo vs ProfitBooks at $9.95/mo. MYOB has 40 unique features while ProfitBooks has 62 unique features, with 3 features in common.
| MYOB | ProfitBooks | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 43 | 65 |
| AI-Powered Features | 5 | 0 |
| Starting Price | $9/mo | $9.95/mo |
| Pricing Tiers | 5 | 4 |
| Integrations | 6 | 4 |
| Shared Features | 3 | |
| Shared Integrations | 0 | |
| Data Quality | 80% | 90% |
Feature Comparison by Category
AI (5 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| AI BAS | ||
| AI Business Insights | ||
| Category Suggestions | ||
| Smart Invoice Reminders | ||
| Smart Reconciliation |
Access Control (1 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| User Profiles |
Accessibility (0 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Cloud-based Access |
Accounting (0 vs 3)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Chart of Accounts | ||
| Journal Entries | ||
| Record Non-Invoice Income |
Automation (0 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Automated Email Reminders |
Banking (2 vs 4)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Bank Reconciliation | ||
| Bank Statement Import | ||
| Connected Bank Accounts | ||
| Deposit & Withdrawal Recording | ||
| In-App Business Bank Account | ||
| Transfer Entries (Contra Entries) |
Billing (0 vs 5)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Accounts Receivable Management | ||
| Allocation of Advance Payments | ||
| Customer-Specific Currency | ||
| Multi-currency Support | ||
| Record Advance Receipts |
Business Management (1 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Multiple Business Management |
Customer Management (0 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Customer Portal |
Data Management (0 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Data Export |
Expense Management (0 vs 2)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Accounts Payable Management | ||
| Expense Management |
Expense Tracking (3 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Expense Management | ||
| Scan and Store Receipts | ||
| Track Income and Expenses |
Financial Management (2 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Cash Flow Management | ||
| Track Finances |
Integrations (0 vs 2)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Payment Gateway Integrations | ||
| WhatsApp Integration |
International (1 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Multi-Currency Accounting |
Inventory (7 vs 7)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Inventory Management | ||
| Inventory Wastage Tracking | ||
| Low Stock Alerts | ||
| Multi-Location Inventory | ||
| Order Management | ||
| Product Attributes | ||
| Production Management | ||
| Purchase Order Management | ||
| Stock Transfer Management | ||
| Stocktake | ||
| Supplier Management | ||
| Unlimited Sales Orders | ||
| Warehouse Management |
Invoicing (1 vs 3)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Estimates & Sales Orders | ||
| Invoice Templates & Customization | ||
| Invoicing & Billing | ||
| Invoicing and Quotes |
Mobile (3 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| MYOB Assist Companion App | ||
| Mobile App Access | ||
| Solo by MYOB Mobile App |
Payments (2 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Online Payments | ||
| Tap to Pay |
Payroll (7 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Automated Annual Leave Calculations | ||
| Automated Superannuation Contributions | ||
| Digital Employee Onboarding | ||
| Employee Benefits | ||
| Payroll | ||
| Payroll Management | ||
| Single Touch Payroll | ||
| Timesheets and Rosters |
Project Management (2 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Bill by Time | ||
| Job and Project Tracking | ||
| Project Management |
Reporting (3 vs 14)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| 45+ Filterable Reports | ||
| Aging Reports | ||
| Audit Trail | ||
| Balance Sheet | ||
| Cash Flow Statement | ||
| Customer Statements | ||
| Customised Reports | ||
| Employee Reports | ||
| Export and Share Business Data | ||
| Financial Reporting | ||
| In-depth Inventory Reports | ||
| Inventory Valuation Reports | ||
| Profit & Loss Statement | ||
| Real-time Reporting | ||
| Sales Reports |
Resources (0 vs 1)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Business Blog |
Support (0 vs 3)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| In-app Chat Support | ||
| Support Center | ||
| YouTube Tutorials |
Tax Compliance (0 vs 5)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Automated GST Calculation | ||
| E-Way Bills | ||
| GST Compliance | ||
| GST Return Filing | ||
| HSN/SAC Codes |
Tax Management (3 vs 0)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Tax and GST | ||
| Track GST Only | ||
| Track GST and Lodge BAS |
User Management (0 vs 4)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Auditor Access | ||
| Multi-user Access | ||
| Role-based Access Control | ||
| Special Sales Role |
Vendor Management (0 vs 5)
| Feature | MYOB | ProfitBooks |
|---|---|---|
| Record Vendor Payments | ||
| Track Vendor Advances | ||
| Vendor Management | ||
| Vendor Portal | ||
| Vendor Transaction Statements |
Unique Features
Only in MYOB (40)
User Profiles
AI BAS
AI Business Insights
Category Suggestions
Smart Invoice Reminders
Smart Reconciliation
Connected Bank Accounts
In-App Business Bank Account
Multiple Business Management
Scan and Store Receipts
Track Income and Expenses
Cash Flow Management
Track Finances
Multi-Currency Accounting
Multi-Location Inventory
Order Management
Product Attributes
Stocktake
Supplier Management
Unlimited Sales Orders
+ 20 more unique features
Only in ProfitBooks (62)
Cloud-based Access
Chart of Accounts
Journal Entries
Record Non-Invoice Income
Automated Email Reminders
Bank Reconciliation
Bank Statement Import
Deposit & Withdrawal Recording
Transfer Entries (Contra Entries)
Accounts Receivable Management
Allocation of Advance Payments
Customer-Specific Currency
Multi-currency Support
Record Advance Receipts
Customer Portal
Data Export
Accounts Payable Management
Payment Gateway Integrations
WhatsApp Integration
Inventory Wastage Tracking
+ 42 more unique features
Want to build your own alternative to MYOB or ProfitBooks?
Analyze it with Reap