MYOB Advanced Pricing, Features, Reviews & Comparison of Alternatives

MYOB Advanced

Intelligent, cloud-based ERP & payroll software

4.5/5 (14 reviews)

MYOB Advanced overview

What is MYOB Advanced?

MYOB Advanced is a cloud based ERP for businesses across Australia and New Zealand, with sophisticated tools for financial management, inventory and distribution, customer management, project accounting, and payroll management, all in a scalable platform. Users can manage their day-to-day tasks and streamline sales, purchasing, and accounting, and utilize built-in tools such as reporting and dashboards, integrated marketing, a customer self-service portal, advanced billing, compliance management, and more.

With MYOB Advanced, users can manage their customer accounts with automated processes and easily generate invoices, send statements, verify balances, as well as review day-to-day transactions, manage vendor invoices, simplify payroll, and much more. Users also get access to to flexible reporting and analysis with the General Ledger's comprehensive financial data and track inter-company accounting. Tools for inventory and distribution provide users with real-time access to available inventory, inventory in transit, and inventory costs, including features for sales and purchase order management, and a built-in purchase requisition system.

MYOB Advanced provides an array of tools for customer management including integrated marketing which allows users to segment and manage online campaigns; opportunity and pipeline management for improving sales success with automation; a customer self-service portal to reduce customer support questions; and customized dashboards for clear and insightful reports. Features for project accounting help users track all costs, revenues and budgets for projects, and provide advanced billing, and time and expense tracking. MYOB Advanced also enables users to manage payroll and produce real-time reports, track company files and leave entitlements, and stay up-to-date and compliant with tax obligations.
myob.com.au

Pricing

Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

Australia

Supported languages

English
MYOB Advanced screenshot: Mobile solutions liberate service, sales, and warehouse teams from bottlenecks and hurdles. Unlock efficiencies, eliminate admin backlog, reduce data errors and increase customer satisfaction.MYOB online accounting explainedMYOB Advanced screenshot: ERP software combines real-time data with automated processing across finance, sales and operations. In short? It's software that collects, stores, and manages information about your entire business. 
MYOB Advanced screenshot: Give customers, staff and suppliers an unprecedented amount of information in real-time.MYOB Advanced screenshot: Effectively manage your inventory, streamline sales and purchasing, manage your financials in real-time and more – all in a scalable and integrated solution.MYOB Advanced screenshot: Manage your customer accounts with automated processes to help you generate invoices, send statements, verify balances, deliver customer reports and moreMYOB Advanced screenshot: Manage your sales activities with integrated workflow, configurable order types, and flexible discounts and promotionMYOB Advanced screenshot: Link transactions to customers or suppliers, add bank charges, interest or record-omitted cash to a reconciliation screen.MYOB Advanced Unified Cloud ERP & Payroll

MYOB Advanced reviews

Excellent
7

Very good
7

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.5
  4.6
  4.7
  4.5
Roxanne Fisher

MYOB

Used weekly for 2+ years
Reviewed 2018-12-18
Review Source: Capterra

Pros
MYOB is the ultimate - I love this program. After initial set up, you can pull up any credit or debit, create reports, budgets - it is endless what information you can gain in only minutes where manually, would take you hours if not more. It is quite easy to use and to get the most out of your purchase, I would recommend attending a training course on it.

Cons
Without training, you might find it a little intimidating and confusing but if you are only wanting it for accounts record keeping and not invoicing or payroll, you could learn as you go.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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wyclife barasa

Accounting Made Easy

Used daily for 6-12 months
Reviewed 2020-04-20
Review Source: Capterra

MYOB is a great tool for accounting purposes my overall experience with this software is great now that I am used to it. Initially, I had problems with using some of the features but with constant learning and experience, I find this tool resourceful.

Pros
One key thing I liked most about MYOB is the ability to use it on a smartphone through their android app. This makes things a lot easier for me as I can post the transaction on the go without necessarily having my computer around. Compared to other accounting tools, the pricing is quite reasonable for the value you get.

Cons
Some bit of this software is slightly complicated a good example being an inventory system and this always calls for some training before work can use.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Michael Flower

Great Accounting Product

Used weekly for free trial
Reviewed 2019-06-01
Review Source: Capterra

Pros
The payroll function is great and the pricing is reasonable. The mobile app is also user-friendly.

Cons
The inventory system could be improved slightly.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Bhavik Joshi

An All in One Accounting Product

Used daily for 1-2 years
Reviewed 2020-03-27
Review Source: Capterra

My overall experience with MYOB Advanced is its a great feature packed product which can be priced correctly.

Pros
The thing I like the most about MYOB Advanced is its ease of use and vast feature set. The Cloud base feature is very helpful.

Cons
The thing I like the least about MYOB Advanced is its pricing, which can be reduced. Also, for a new customer, it is very overwhelming with all the features and mostly require a training to get hold of.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Erica ntreh

MYOB Review

Used weekly for 2+ years
Reviewed 2020-03-16
Review Source: Capterra

Pros
The greatest thing I loved about this product was its cloud base feature. I was also able to streamline my business effectively.

Cons
Pricing can be reduced a bit. This would help small businesses to get on board

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

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MYOB Advanced pricing

Pricing options
Subscription
View Pricing Plans

Contact MYOB for detailed pricing information.

MYOB Advanced features

API
Accounting Management
Activity Dashboard
Billing & Invoicing
Compliance Management
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Real Time Data
Third Party Integration
Workflow Management

Accounting Integration (163 other apps)
Audit Trail (138 other apps)
Automatic Notifications (169 other apps)
Customizable Reporting (172 other apps)
Multi-Currency (166 other apps)
Reporting & Statistics (260 other apps)

Videos and tutorials

Additional information for MYOB Advanced

Key features of MYOB Advanced

  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Alerts/Notifications
  • Allocation
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Bills of Material
  • Budgeting & Forecasting
  • Budgeting/Forecasting
  • CRM
  • Cash Management
  • Change Orders
  • Consolidation / Roll-Up
  • Cost Tracking
  • Cost-to-Completion Tracking
  • Currency Management
  • Distribution Management
  • Enterprise Asset Management
  • Expense Tracking
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • Forecasting
  • General Ledger
  • Import / Export Management
  • Inventory Auditing
  • Inventory Control
  • Inventory Management
  • Inventory Optimization
  • Invoice Management
  • Item Management
  • Manufacturing Inventory Management
  • Mobile Access
  • Multi-Channel Management
  • Multi-Company
  • Multi-Currency
  • Multi-Department / Project
  • Order Management
  • Overrun Reporting
  • Payroll Management
  • Percent-Complete Tracking
  • Procurement Management
  • Product Categorization
  • Production Cost Tracking
  • Profit / Loss Statement
  • Project Accounting
  • Project Management
  • Purchase Order Management
  • Purchase Orders
  • Purchasing
  • Quotes / Estimates
  • Reorder Management
  • Reporting/Analytics
  • Returns Management
  • Revenue Recognition
  • Sales Forecasting
  • Search/Filter
  • Shipping Management
  • Supplier Management
  • Supply Chain Management
  • Tax Management
  • Time Tracking
  • Warehouse Management
  • Work Order Management
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Benefits

• Manage your customer accounts with automated processes and gain access to flexible financial reporting and analysis at your fingertips with MYOB Advanced.

• Manage your sales activities with an integrated workflow, create and approve quotes, and manage your distribution on the go with tools for comprehensive inventory management.

• Analyze customer trends in real-time and improve your sales success with MYOB Advanced's automation that increases efficiency and enhances information flow.

• Manage your projects and track all costs, revenues and budgets, and bill materials and labour based on the type of work performed, project requirements, and more.

• MYOB Advanced's tools for payroll management are accessible from anywhere, and help keep you up-to-date with tax obligations including fringe benefits, work cover, tax file numbers and more.