MYOB vs Wave Accounting
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
MYOB offers fewer features (43 vs 47) and fewer integrations (6 vs 30). Starting price: MYOB at $9/mo vs Wave Accounting at Free. MYOB has 42 unique features while Wave Accounting has 46 unique features, with 1 features in common.
| MYOB | Wave Accounting | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 43 | 47 |
| AI-Powered Features | 5 | 6 |
| Starting Price | $9/mo | Free |
| Pricing Tiers | 5 | 3 |
| Integrations | 6 | 30 |
| Shared Features | 1 | |
| Shared Integrations | 2 | |
| Data Quality | 80% | 73% |
Feature Comparison by Category
AI (5 vs 0)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| AI BAS | ||
| AI Business Insights | ||
| Category Suggestions | ||
| Smart Invoice Reminders | ||
| Smart Reconciliation |
Access Control (1 vs 0)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| User Profiles |
Account Management (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Multi-Account Support |
Analytics (0 vs 2)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Competitor Analysis | ||
| Financial Insights |
Bank Management (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Reconciliation Tools |
Banking (2 vs 0)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Connected Bank Accounts | ||
| In-App Business Bank Account |
Banking Integration (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Bank Connections |
Business Management (1 vs 0)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Multiple Business Management |
Collaboration (0 vs 2)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Client Collaboration | ||
| Invoicing for Teams |
Collections (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Invoice Reminders |
Customer Management (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Customer Portal |
Data Management (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Data Backup |
Data Quality (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Duplicate Detection |
Expense Management (0 vs 8)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Automated Bank Categorization | ||
| Expense Categories | ||
| Expense Policies | ||
| Expense Reimbursement | ||
| Expense Tracking | ||
| Mileage Tracking | ||
| Receipt Scanning | ||
| Vendor Management |
Expense Tracking (3 vs 0)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Expense Management | ||
| Scan and Store Receipts | ||
| Track Income and Expenses |
Financial Management (2 vs 0)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Cash Flow Management | ||
| Track Finances |
Financial Planning (0 vs 2)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Budget Planning | ||
| Cash Flow Forecasting |
Income Management (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Income Tracking |
Integration (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| API Access |
International (1 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Multi-Currency Accounting | ||
| Multi-Currency Support |
Inventory (7 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Inventory Management | ||
| Multi-Location Inventory | ||
| Order Management | ||
| Product Attributes | ||
| Stocktake | ||
| Supplier Management | ||
| Unlimited Sales Orders |
Invoicing (1 vs 9)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Batch Invoice Processing | ||
| Billable Hours Invoicing | ||
| Estimate Builder | ||
| Invoice Creation | ||
| Invoice Customization | ||
| Invoice Scheduling | ||
| Invoice Templates | ||
| Invoicing Automations | ||
| Invoicing and Quotes | ||
| Recurring Invoices |
Mobile (3 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| MYOB Assist Companion App | ||
| Mobile App | ||
| Mobile App Access | ||
| Solo by MYOB Mobile App |
Payments (2 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Online Payments | ||
| Payment Processing | ||
| Tap to Pay |
Payroll (7 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Automated Annual Leave Calculations | ||
| Automated Superannuation Contributions | ||
| Digital Employee Onboarding | ||
| Employee Benefits | ||
| Payroll | ||
| Payroll Processing | ||
| Single Touch Payroll | ||
| Timesheets and Rosters |
Project Management (2 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Bill by Time | ||
| Job and Project Tracking | ||
| Project Tracking |
Reporting (3 vs 2)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Custom Reports | ||
| Customised Reports | ||
| Export and Share Business Data | ||
| Financial Reporting | ||
| Financial Reports |
Security (0 vs 3)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Audit Trail | ||
| Two-Factor Authentication | ||
| User Permissions |
Tax Management (3 vs 3)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Sales Tax Management | ||
| Tax Estimates | ||
| Tax Form Exports | ||
| Tax and GST | ||
| Track GST Only | ||
| Track GST and Lodge BAS |
Time Tracking (0 vs 1)
| Feature | MYOB | Wave Accounting |
|---|---|---|
| Time Tracking |
Unique Features
Only in MYOB (42)
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
Expense 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
+ 22 more unique features
Only in Wave Accounting (46)
Multi-Account Support
Competitor Analysis
Financial Insights
Reconciliation Tools
Bank Connections
Client Collaboration
Invoicing for Teams
Invoice Reminders
Customer Portal
Data Backup
Duplicate Detection
Automated Bank Categorization
Expense Categories
Expense Policies
Expense Reimbursement
Expense Tracking
Mileage Tracking
Receipt Scanning
Vendor Management
Budget Planning
+ 26 more unique features
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