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FinancialForce Accounting vs MYOB Business Comparison

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Overview

FinancialForce Accounting is a scalable cloud accounting application for growing sales & service-centric companies. FinancialForce...

Category Leaders

MYOB Business is accounting software designed to help businesses of any size across Australia and New Zealand take care of...

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Video & Screenshots

Pricing

Starting from

ic-pricetag

No pricing info

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

Starting from

24

Per month

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

User reviews

3.8

44

5

4

3

2

1

13

18

7

4

2

  • Value for money
  • Ease of use
  • Features
  • Customer support
70%
would recommend this app

3.8

99

5

4

3

2

1

36

31

16

4

12

  • Value for money
  • Ease of use
  • Features
  • Customer support
76%
would recommend this app

Pros

I love that the UI is so intuitive and easy to navigate. Their support team is the best and I love the reports that this software is able to produce.
If you have employees and you want to increase performance, this solution is complete. HR departments will thank you, you will save time and headaches.
Great future vision product, it has more than I need to manage my team, recruit and track people, leave, benefits, compensation, performance and more. Even better I LOVE the Social Collaboration tool.

Pros

There is a great chance that your accountant is familiar with this and will be able to make great recommendations.
We also love that MYOB caters for the very small business operators out there by have a very affordable and easy to use solution for them which is MYOB Essentials.
Valiant went through a 3rd party Kilimanjaro Consulting Pty Ltd for our set up and integration. They were excellent and their customer service is great.

Cons

The system consistently slows down after a few days/weeks/months. Sometimes this is due to a FinancialForce upgrade, and sometimes it has been due to bad code written for us by our FF consultant.
Subject to user error, so train employees diligently.
No Country customization. No links to local authorities (VAT, direct tax Returns).

Cons

Cancelling you account is very difficult and they will try and screw you out of every last cent. I will never ever use this company or software again. SO ANGRY at the account closing process.
They might have stolen but it has cost them a customer and I will tell everybody I meet to avoid that software and company like the plague.
All that needed to be done is have the option of reports it had be converted to excel rather than PDF. The decision to go to accountright will be fatal.
  • Vendor responds to reviews
  • Last reviewa year ago
  • Vendor responds to reviews
  • Last review15 days ago

Key features

  • Total features66
  • "What If" Scenarios
  • API
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Notifications
  • Asset Lifecycle Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Chart of accounts
  • Check Processing
  • Check Writing
  • Client Management
  • Collaboration Tools
  • Compliance Management
  • Configurable Workflow
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management
  • Currency Management
  • Customer Database
  • Customer Statements
  • Customizable Branding
  • Customizable Invoices
  • Customizable Reports
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Synchronization
  • Data Visualization
  • Document Management
  • Document Templates
  • Due Date Tracking
  • Electronic Payments
  • Email Management
  • Employee Management
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Accountants
  • For CPA Firms
  • Forecasting
  • Fraud Detection
  • Fund Accounting
  • General Ledger
  • Goal Setting / Tracking
  • Historical Reporting
  • Income & Balance Sheet
  • Inventory Management
  • Inventory Tracking
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Job Tracking
  • Leave Tracking
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Company
  • Multi-Currency
  • Nonprofits
  • Offline Access
  • Online Invoicing
  • Online Payments
  • Overpayment Processing
  • Partial Payments
  • Payment Collection
  • Payment Processing
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Progress Tracking
  • Project Accounting
  • Project Management
  • Project Time Tracking
  • Project Tracking
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real Time Analytics
  • Real Time Data
  • Real Time Reporting
  • Real-time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Sales Forecasting
  • Sales Management
  • Sales Tax Management
  • Search/Filter
  • Self Service Portal
  • Sick Leave Tracking
  • Spend Management
  • Staff Management
  • Status Tracking
  • Supplier Management
  • Task Management
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Template Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timesheet Management
  • Transaction Monitoring
  • Vacation/Leave Tracking
  • Vendor Management
  • Visual Analytics
  • Workflow Management
  • Total features112
  • "What If" Scenarios
  • API
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Notifications
  • Asset Lifecycle Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Chart of accounts
  • Check Processing
  • Check Writing
  • Client Management
  • Collaboration Tools
  • Compliance Management
  • Configurable Workflow
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management
  • Currency Management
  • Customer Database
  • Customer Statements
  • Customizable Branding
  • Customizable Invoices
  • Customizable Reports
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Synchronization
  • Data Visualization
  • Document Management
  • Document Templates
  • Due Date Tracking
  • Electronic Payments
  • Email Management
  • Employee Management
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Accountants
  • For CPA Firms
  • Forecasting
  • Fraud Detection
  • Fund Accounting
  • General Ledger
  • Goal Setting / Tracking
  • Historical Reporting
  • Income & Balance Sheet
  • Inventory Management
  • Inventory Tracking
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Job Tracking
  • Leave Tracking
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Company
  • Multi-Currency
  • Nonprofits
  • Offline Access
  • Online Invoicing
  • Online Payments
  • Overpayment Processing
  • Partial Payments
  • Payment Collection
  • Payment Processing
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Progress Tracking
  • Project Accounting
  • Project Management
  • Project Time Tracking
  • Project Tracking
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real Time Analytics
  • Real Time Data
  • Real Time Reporting
  • Real-time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Sales Forecasting
  • Sales Management
  • Sales Tax Management
  • Search/Filter
  • Self Service Portal
  • Sick Leave Tracking
  • Spend Management
  • Staff Management
  • Status Tracking
  • Supplier Management
  • Task Management
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Template Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timesheet Management
  • Transaction Monitoring
  • Vacation/Leave Tracking
  • Vendor Management
  • Visual Analytics
  • Workflow Management

Integrations

  • Total integrations37
  • Adobe Commerce
  • Authorize.Net
  • Dynamics 365
  • Dynamics 365 Business Central
  • FreshBooks
  • Microsoft 365
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online Advanced
  • Quickbooks Online
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Xero
  • Zapier
  • Total integrations196
  • Adobe Commerce
  • Authorize.Net
  • Dynamics 365
  • Dynamics 365 Business Central
  • FreshBooks
  • Microsoft 365
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online Advanced
  • Quickbooks Online
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Xero
  • Zapier

User reviews that mention these apps

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

Share this review:

FinancialForce Accounting logo

FinancialForce Accounting

Visually pleasing accounting software

Reviewed 4 years ago

Generating reports for preparing client's financial statements.

Pros

Very good at visually representing the financial position of the business, as well as managing accounts, taxes, and payroll.

Cons

A lot of customization required which can be a steep learning curve and may not meet the needs of the users.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

Share this review:

FinancialForce Accounting logo

FinancialForce Accounting

Fully Integrated Solution

Reviewed 11 years ago

If you are a Salesforce user this is an excellent integrated solution. Sales and finance share the same information. With Financial Force we look at the business financially the same way we look at it operationally.

Pros

Web based, integrated with Salesforce, easy to set up, easy to configure, easy to maintain, always up to date, great support

Cons

Product is relatively new so sophistication is developing over time. Reporting is based on standard Salesforce reporting so whilst extremely powerful is non standard for finance- though a product to resolve this is currently in development.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend2/10

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FinancialForce Accounting logo

FinancialForce Accounting

Over promised software that is incredibly complex to set up

Reviewed 4 years ago

Over complex software supplied by an unhelpful vendor.

Pros

It is highly configurable and provided it meets your requirements and when it is finally configured and set up it works okay.

Cons

It is incredibly complex and entails significant learning and development time to configure it. High on-going costs for maintaining and evolving the product in line with the business, entailing the support of a significant in-house IT team. Not suitable for SMEs and organisations of less than 100 staff or T/O of over $50m. The sales team from Financial Force understated the complexity of set up and learning time and over promised on suitability and functionality. The support team at FF have proven to be unhelpful and difficult and are only interested in selling more consulting time. Issues in integrating with Microsoft.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

Share this review:

FinancialForce Accounting logo

FinancialForce Accounting

Overall we've had a very positive experience with the SCM Module!

Reviewed 7 years ago
Pros

The SCM Module of FinancialForce is fantastic for organizations looking for a plug in to Salesforce that can be customized but also has a lot of fantastic out of the box features. Our company went from using Quickbooks which provided very little if any controls and reporting to using the SCM product which allows you to use the same functionality for permissions, page layouts and reporting as you get...

Cons

Because SCM is still growing there are a lot of new releases of the product that have great fixes and updates. However, upgrading can be a long process because of the amount of testing you have to do. The more customized your environment is the longer the upgrades can take. We are running about 10 versions behind right now due to this. However, we realize this will level out over time and become much less time consuming as the product matures.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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FinancialForce Accounting logo

FinancialForce Accounting

More than I need Human Capital Management Software

Reviewed 11 years ago

I would say if you are a small or medium business and you have no idea what an HR department or IT department looks like, then you need Vana Human Capital Management. If you have employees and you want to increase performance, this solution is complete. HR departments will thank you, you will save time and headaches. This made our performance reviews a dream. The social collaboration is new...

Pros

The user interface is excellent. If you know Salesforce.com CRM then you will inherently know how to use Vana HCM. WOW! No training required. Great future vision product, it has more than I need to manage my team, recruit and track people, leave, benefits, compensation, performance and more. Even better I LOVE the Social Collaboration tool. It keeps my employees working and collaborating...

Cons

There is almost too much to learn. The overwhelm is consuming. I wish I had the ability to configure everything that is delivered. Knowing where to start was a bit daunting, thank goodness they did the first series of configurations to launch the product and provided me with an easy to use Getting Started Guide so my team could calm down and get started 1...2...3 Learning to use the system most effectively was a challenge, but I think we finally got it. It may have been more of a resistance to change, rather than a solution problem. It took a while to adopt it as a company, but we are all on the same page now and it ROCKS! The Social Org Chart was a bit of a challenge to set up, but easy to re-org and fix with a little help and is now AWESOME!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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MYOB Business logo

MYOB Business

Good software for offline accounting. you can work on Myob for all your accounting &and Bookkeeping

Reviewed 4 years ago

Good for accounting & Book-keeping offline.

Pros

Its functioning is good. You can easily get your Accounting data customized by preparing P&L account & Balance sheet

Cons

1. You have to take backup by your self no self backup facility. 2. Difficult to understand the reporting process.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend6/10

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MYOB Business logo

MYOB Business

MYOB software

Reviewed 3 months ago
Pros

Process was easy to set up, had some good features that were used frequently

Cons

Needed more features added to make good use of the accounting,invoices were limited

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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MYOB Business logo

MYOB Business

Great accounting software

Reviewed a year ago

For accounting and statistical analysis of market survey data.

Pros

Feature-rich, more than enough features. Many built-in functions and formulae that can be used to speed up the process.

Cons

Design can be sleeker and more customisable, to make it more user friendly. Inability to charge bulk transactions.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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MYOB Business logo

MYOB Business

Does a great job with accounting SMB

Reviewed 4 years ago
Pros

MYOB covers most things that you need in accounting and payroll software for a small business, especially in Australia

Cons

As you scale and need international reporting and accounting procedures, MYOB becomes less comprehensive as a tool

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

Share this review:

MYOB Business logo

MYOB Business

A good accounting program for small business

Reviewed 4 years ago