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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...
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
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
Pros
Pros
Martine H.
Cons
Cons
Marcus Maciej N.
Marcus Maciej N.
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
Alternatives
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User reviews that mention these apps
Sundeep M.
Used monthly for 1-2 years
Review source
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Generating reports for preparing client's financial statements.
Very good at visually representing the financial position of the business, as well as managing accounts, taxes, and payroll.
A lot of customization required which can be a steep learning curve and may not meet the needs of the users.
Michael B.
Review source
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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.
Web based, integrated with Salesforce, easy to set up, easy to configure, easy to maintain, always up to date, great support
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.
chris b.
Civic & Social Organization, 11-50 employees
Used daily for 1-2 years
Review source
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FinancialForce Accounting
Over promised software that is incredibly complex to set up
Over complex software supplied by an unhelpful vendor.
It is highly configurable and provided it meets your requirements and when it is finally configured and set up it works okay.
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.
Erin T.
Computer Software,
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FinancialForce Accounting
Overall we've had a very positive experience with the SCM Module!
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...
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.
William M.
Review source
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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...
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...
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!
Anonymous Reviewer
Verified reviewer
Used daily for 6-12 months
Review source
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MYOB Business
Good software for offline accounting. you can work on Myob for all your accounting &and Bookkeeping
Good for accounting & Book-keeping offline.
Its functioning is good. You can easily get your Accounting data customized by preparing P&L account & Balance sheet
1. You have to take backup by your self no self backup facility. 2. Difficult to understand the reporting process.
Beverly B.
Health, Wellness and Fitness, 1-10 employees
Used daily for 2+ years
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Process was easy to set up, had some good features that were used frequently
Needed more features added to make good use of the accounting,invoices were limited
Low J.
Verified reviewer
Education Management, 501-1,000 employees
Used monthly for less than 6 months
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For accounting and statistical analysis of market survey data.
Feature-rich, more than enough features. Many built-in functions and formulae that can be used to speed up the process.
Design can be sleeker and more customisable, to make it more user friendly. Inability to charge bulk transactions.
Anonymous Reviewer
Verified reviewer
Financial Services, 1,001-5,000 employees
Review source
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MYOB covers most things that you need in accounting and payroll software for a small business, especially in Australia
As you scale and need international reporting and accounting procedures, MYOB becomes less comprehensive as a tool
Les W.
Verified reviewer
Management Consulting, 1-10 employees
Used monthly for 2+ years
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