MYOB

myob.com
Accounting Software
Few Days

Business software you'll never outgrow

How to Replace MYOB

Overview

MYOB is an award-winning accounting software designed for small businesses, sole traders, and growing companies in Australia and New Zealand. It provides comprehensive business management tools including invoicing, payroll, tax, and inventory tracking with built-in AI capabilities. The platform offers flexible plans with no lock-in contracts and can be accessed across desktop and mobile devices.

Features

43 features across 15 categories

AI(5)

AI BASAIPremium

AI-powered technology that takes all the stress out of BAS time, from data preparation to helping you get ready for lodgment

AI Business InsightsAIPremium

AI-powered business insights to help you understand your business better

Category SuggestionsAI

AI-powered suggestions for transaction categorization

Smart Invoice RemindersAIPremium

Automated payment reminders to get paid faster

Smart ReconciliationAIPremium

Automatically match purchases to bank transactions with AI-powered reconciliation

Also in: monday.com, Notion, Airtable

Access Control(1)

User Profiles

Add multiple users to your account and control access levels

Also in: Kubernetes Dashboard, Lacework, LastPass

Banking(2)

Connected Bank Accounts

Link your bank accounts and watch bank transactions flow into MYOB automatically for a real-time view of income and expenses

In-App Business Bank Account

Open and manage a business bank account directly within MYOB

Business Management(1)

Multiple Business Management

Add and manage another business from one account

Also in: Jobber, Setmore, Acuity Scheduling

Expense Tracking(3)

Expense Management

Track bills in your software, automatically match purchases to your bank transactions, and easily on-charge expenses to your customers

Scan and Store Receipts

Snap photos of receipts and store them in your software

Track Income and Expenses

Track unlimited income and expenses

Financial Management(2)

Cash Flow Management

Keep money coming in steadily with tools to manage income, remove the guesswork from budgeting, and get paid faster

Track Finances

See an overview of your financial position or drill into the details to see where your money's going

International(1)

Multi-Currency Accounting

Stay up-to-date with live exchange rates and go global with automatic foreign currency conversions

Inventory(7)

Inventory Management

Track stock and boost margins. Manage inventory and accounting in one place to stay profitable, reduce mistakes, and keep customers happy

Multi-Location Inventory

Manage inventory across multiple locations

Order Management

Manage purchase and sales orders

Product Attributes

Define and manage product attributes

Stocktake

Conduct inventory stocktakes and reconciliations

Supplier Management

Manage supplier information and orders

Unlimited Sales Orders

Send unlimited sales orders

Invoicing(1)

Invoicing and Quotes

Send professional invoices in seconds with professional templates and pre-saved pricing. Send unlimited invoices and quotes

Mobile(3)

Mobile App Access

Use MYOB on Mac and PC, or download the MYOB apps for iOS and Android

MYOB Assist Companion App

Companion app to create invoices and snap receipts directly from mobile device

Solo by MYOB Mobile App

All-in-one mobile app for sole operators to create invoices, snap and track expenses, and enable in-person payments

Payments(2)

Online Payments

Make it easier for customers to pay with more payment options – credit, digital wallets and more

Tap to Pay

Enable in-person payments with Tap to Pay functionality

Payroll(7)

Automated Annual Leave Calculations

Automatically calculate annual leave entitlements

Automated Superannuation Contributions

Automate superannuation calculations and contributions

Digital Employee Onboarding

Streamlined online employee onboarding process

Employee Benefits

Manage employee benefits within payroll

Payroll

Keep pay runs accurate and compliant with ease. Automate tricky superannuation calculations and report direct to the ATO

Single Touch Payroll

Easily report Single Touch Payroll to the ATO

Timesheets and Rosters

Track staff hours and rosters to pay employees accurately

Project Management(2)

Bill by Time

Bill customers based on time tracking and attach individual budgets to each job

Job and Project Tracking

From the first quote to the final invoice, track expenses and income for all your jobs, so you can stay profitable

Reporting(3)

Customised Reports

Create and customize business reports

Export and Share Business Data

Export and share business data easily

Financial Reporting

Keep tabs on your business' financial health and get insights into your tax, cash flow and finances. Generate and export reports

Tax Management(3)

Tax and GST

Automate GST tracking and pre-fill BAS reports. Sync effortlessly with your accountant and report direct to the ATO

Track GST and Lodge BAS

Have GST automatically calculated and prepare and lodge your BAS directly with the ATO from your MYOB software

Track GST Only

Track GST without full tax features

Pricing

Solo

Custom
  • Track income and unlimited expenses
  • Send unlimited invoices
  • Send unlimited quotes
  • Track GST only
  • Online payments
  • Scan and store receipts
  • Tap to pay
  • In-app business bank account
  • Connected bank accounts (up to 2)
  • User profiles (1)
  • Category Suggestions
  • Mobile app only

Lite

Custom
  • Track income and unlimited expenses
  • Send unlimited invoices
  • Send unlimited quotes
  • Track GST and lodge BAS
  • Online payments
  • Scan and store receipts
  • Connected bank accounts (up to 2)
  • User profiles (unlimited)
  • Simple reporting
  • Export and share business data
  • Category Suggestions
  • Smart Invoice Reminders
  • Smart Reconciliation
  • Order management
  • 1 location inventory
  • Product attributes (up to 10)
  • Supplier management
  • Web browser and companion app

Pro

Custom
  • Track income and unlimited expenses
  • Send unlimited invoices
  • Send unlimited quotes
  • Track GST and lodge BAS
  • Online payments
  • Scan and store receipts
  • Connected bank accounts (unlimited)
  • User profiles (unlimited)
  • Standard reporting
  • Export and share business data
  • Create customised reports
  • Category Suggestions
  • Smart Invoice Reminders
  • Smart Reconciliation
  • Payroll ($3/month per employee, unlimited)
  • Single touch payroll
  • Automated superannuation contributions
  • Digital employee onboarding
  • Employee benefits
  • Timesheets
  • Rosters
  • Order management
  • 1 location inventory
  • Product attributes (up to 10)
  • Supplier management
  • Send unlimited sales orders
  • Web browser and companion app

Plus

Custom
  • Track income and unlimited expenses
  • Send unlimited invoices
  • Send unlimited quotes
  • Track GST and lodge BAS
  • Online payments
  • Scan and store receipts
  • Connected bank accounts (unlimited)
  • User profiles (unlimited)
  • Advanced reporting
  • Export and share business data
  • Create customised reports
  • Category Suggestions
  • Smart Invoice Reminders
  • Smart Reconciliation
  • AI Business Insights
  • Payroll ($3/month per employee, unlimited)
  • Single touch payroll
  • Automated superannuation contributions
  • Digital employee onboarding
  • Employee benefits
  • Timesheets
  • Rosters
  • Order management
  • Unlimited multi-location inventory
  • Product attributes (unlimited)
  • Supplier management
  • Stocktake
  • Send unlimited sales orders
  • Work in multiple currencies
  • Add another business
  • Bill by time
  • Priority support
  • PC, web browser and companion app

Payroll Only

$9/month for 24 months, then $15/month
  • Simple pay runs
  • Direct reporting to the ATO
  • Automated tax compliance
  • Automated superannuation contributions
  • Online employee onboarding
  • Automated annual leave calculations
  • Payroll for up to 4 employees

Cost Calculator

Keep Paying MYOB

Monthly$9/mo
Yearly$108/yr
5-Year Total$540

Build It Yourself

Est. Build Time~5 hrs
Hosting$20/mo
DifficultyEasy

Total Cost Comparison

1 Year
SaaS
$108
DIY
$240
3 Years
SaaS
$324
DIY
$720
5 Years
SaaS
$540
DIY
$1.2k

DIY hosting estimate based on Vercel + Supabase free/pro tiers (~$20/mo). Build time estimated from 43 features at easy complexity.

Build vs Buy

Should you build a MYOB alternative or buy the subscription? Estimate based on 43 features.

Buy MYOB

Better Value
Monthly cost$90/mo
3-year total$3,240
Time to deployDays

Build Your Own

Development cost$36,000
Maintenance$540/mo
3-year total$55,440
Dev time~3 months

Buying MYOB saves ~$52,200 over 3 years vs building.

Estimates based on 43 features and a BuildScore of 4/5. Actual costs vary.

Integrations

6 known integrations

350+ appsBank connectionsMMC Convert (Migration Partner)QuickBooksReckonXero