MYOB vs Wave
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
MYOB offers more features (43 vs 27) and more integrations (6 vs 2). Starting price: MYOB at $9/mo vs Wave at $19/mo. MYOB has 40 unique features while Wave has 24 unique features, with 3 features in common.
| MYOB | Wave | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 43 | 27 |
| AI-Powered Features | 5 | 1 |
| Starting Price | $9/mo | $19/mo |
| Pricing Tiers | 5 | 3 |
| Integrations | 6 | 2 |
| Shared Features | 3 | |
| Shared Integrations | 0 | |
| Data Quality | 80% | 60% |
Feature Comparison by Category
AI (5 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| AI BAS | ||
| AI Business Insights | ||
| Category Suggestions | ||
| Smart Invoice Reminders | ||
| Smart Reconciliation |
Access Control (1 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| User Profiles |
Automation (0 vs 3)
| Feature | MYOB | Wave |
|---|---|---|
| Auto-Merge and Categorize Transactions | ||
| Automated Late Payment Reminders | ||
| Reusable Message Templates |
Banking (2 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| Connected Bank Accounts | ||
| In-App Business Bank Account |
Banking Integration (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Auto-Import Bank Transactions |
Bookkeeping (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Income and Expense Tracking |
Business Management (1 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| Multiple Business Management |
Collaboration (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Multi-User Access |
Customization (0 vs 2)
| Feature | MYOB | Wave |
|---|---|---|
| Brand Customization | ||
| Remove Wave Branding |
Expense Management (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Receipt Digitization |
Expense Tracking (3 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| Expense Management | ||
| Scan and Store Receipts | ||
| Track Income and Expenses |
Financial Management (2 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Cash Flow Management | ||
| Track Finances |
Integration (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Third-Party Integrations |
International (1 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| Multi-Currency Accounting |
Inventory (7 vs 0)
| Feature | MYOB | Wave |
|---|---|---|
| Inventory Management | ||
| Multi-Location Inventory | ||
| Order Management | ||
| Product Attributes | ||
| Stocktake | ||
| Supplier Management | ||
| Unlimited Sales Orders |
Invoicing (1 vs 3)
| Feature | MYOB | Wave |
|---|---|---|
| Invoice Attachments | ||
| Invoicing and Quotes | ||
| Recurring Invoices | ||
| Unlimited Invoices and Estimates |
Mobile (3 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| MYOB Assist Companion App | ||
| Mobile App | ||
| Mobile App Access | ||
| Solo by MYOB Mobile App |
Onboarding (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Accounting Software Onboarding |
Payments (2 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Online Payments | ||
| Tap to Pay |
Payroll (7 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| 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 0)
| Feature | MYOB | Wave |
|---|---|---|
| Bill by Time | ||
| Job and Project Tracking |
Reporting (3 vs 3)
| Feature | MYOB | Wave |
|---|---|---|
| Customised Reports | ||
| Dashboard Insights | ||
| Export and Share Business Data | ||
| Financial Reporting | ||
| Monthly Financial Statements |
Services (0 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Dedicated Bookkeeper |
Support (0 vs 2)
| Feature | MYOB | Wave |
|---|---|---|
| Expert Tax Support | ||
| Live Chat and Email Support |
Support & Services (0 vs 2)
| Feature | MYOB | Wave |
|---|---|---|
| Accounting Coaching | ||
| Wave Advisors |
Tax Management (3 vs 1)
| Feature | MYOB | Wave |
|---|---|---|
| Tax Time Preparation | ||
| Tax and GST | ||
| Track GST Only | ||
| Track GST and Lodge BAS |
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
Expense Management
Scan and Store Receipts
Track Income and Expenses
Track Finances
Multi-Currency Accounting
Inventory Management
Multi-Location Inventory
Order Management
Product Attributes
Stocktake
Supplier Management
+ 20 more unique features
Only in Wave (24)
Auto-Merge and Categorize Transactions
Automated Late Payment Reminders
Reusable Message Templates
Auto-Import Bank Transactions
Income and Expense Tracking
Multi-User Access
Brand Customization
Remove Wave Branding
Receipt Digitization
Third-Party Integrations
Invoice Attachments
Recurring Invoices
Unlimited Invoices and Estimates
Mobile App
Accounting Software Onboarding
Payroll Management
Dashboard Insights
Monthly Financial Statements
Dedicated Bookkeeper
Expert Tax Support
+ 4 more unique features
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