Integrated Accounting Automated Payroll Processing Automated Expense Management AI For Financial Analysis
MYOB · Small Business Online Accounting Software
MYOB provides powerful, easy-to-use accounting software that helps businesses manage their finances, invoicing, payroll, and more, all in one place.
Overview
What MYOB does
MYOB is a comprehensive accounting software designed for small to medium-sized businesses, offering a range of features to manage finances, payroll, and inventory.
Capabilities
Key features
- 01
Invoicing
Create and send branded invoices, track payments, and manage cash flow.
- 02
Payroll Management
Automate payroll calculations, manage employee payments, and ensure compliance with tax regulations.
- 03
Expense Management
Track and manage business expenses, including receipt capture and reconciliation.
- 04
Inventory Management
Monitor stock levels, manage orders, and generate real-time inventory reports.
- 05
Financial Reporting
Generate detailed financial reports to track business performance and make informed decisions.
- 06
Online Payments
Accept payments online through various methods, helping businesses get paid faster.
- 07
Job Tracking
Manage and track jobs, including expenses and time spent on each project.
- 08
CRM Integration
Connect with customer relationship management tools to streamline client interactions.
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What the AI does
Currently, there are no specific AI capabilities mentioned for MYOB.
Pricing
Plans & pricing
Free plan or trial available.
MYOB offers various pricing tiers to cater to different business needs, including a free trial option.
MYOB Business Lite
$7.75/month
- + Unlimited invoices
- + Track income and expenses
- + Add payroll for up to 2 employees
- + Track GST and lodge BAS
- + Scan and store receipts
MYOB Business Pro
$31/month
- + All Lite features
- + Advanced reporting
- + Inventory management
- + Job tracking
- + Connect multiple bank accounts
Trust
Security & compliance
MYOB ensures data security through cloud storage and regular backups.
Measures
- ● Real-time data backup
- ● Cloud storage security
More
Additional information
Competitive advantage
MYOB stands out due to its comprehensive features tailored for small to medium businesses and its strong integration capabilities.
- + All-in-one accounting solution
- + User-friendly interface
- + Strong customer support
- + Flexible pricing plans
On the roadmap
MYOB plans to enhance its features based on user feedback and market trends.
- → Advanced AI reporting tools
- → Enhanced mobile app functionalities
Update cadence: monthly
Integration & deployment
MYOB integrates with various third-party applications and banks, providing flexibility for users.
- + Excel
- + Shopify
- + Westpac
- + Commonwealth Bank
Deployment: cloud-based
Interface
Intuitive and easy to navigate, allowing users to manage their accounting tasks efficiently.
Mobile app available
Support & resources
MYOB provides extensive support resources including guides, templates, and a community forum.
- + Email support
- + Community forum
- + Help center
- → Business guides
- → Templates
- → MYOB Academy
External
Links & channels
Awards
Recognition
- 2023
Canstar Blue's Most Satisfied Customers
Recognized for exceptional customer satisfaction in small business accounting software.
Voices
What customers say
MYOB has received positive feedback from numerous small businesses and accountants.
-
“MYOB has streamlined our invoicing and payroll processes, saving us time and money.”
ABC Construction
-
“The inventory management feature has helped us keep track of stock levels effortlessly.”
XYZ Retail
Used by
Field notes
Case studies
- 01
Streamlining Payroll for ABC Construction
Industry: Construction
- Challenge
- Managing payroll for a growing team was becoming cumbersome.
- Solution
- Implemented MYOB Payroll to automate calculations and streamline processes.
- Results
- Reduced payroll processing time by 50%.
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MYOB compared
Side-by-side comparison of MYOB and 5 top integrated accounting alternatives across pricing, free tier, key features, integrations, and ratings.
| Tool | Pricing | Free tier | Top features | Integrations | Rating |
|---|---|---|---|---|---|
| MYOB ★ | $7.75/month | Yes |
| Excel, Shopify, Westpac +1 more | 4.5 |
| AppZen ★ | Varies | — |
| Coupa, NetSuite, Oracle E-Business Suite +2 more | 4.5 |
| BILL ★ | $29/month | Yes |
| QuickBooks, Sage Intacct, Oracle Netsuite +2 more | 4.5 |
| Blue dot ★ | Varies | — |
| SAP Concur, Expensify, Coupa +2 more | 4.5 |
| $32 /month per user | Yes |
| Xero, QuickBooks, Shopify +2 more | 4.5 | |
| $15/month | Yes |
| 12,000+ financial institutions | 4.5 |
See the full breakdown on MYOB alternatives .
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