MYOB Business Reviews

The features of this accounting system are incredible. MYOB Business is so amazing.

MYOB Business has brilliant features. No issues about MYOB Business.

MYOB Business is a sensational and accurate accounting solution. I love the simplicity of MYOB Business.

I do not dislike MYOB Business at all. MYOB Business is so brilliant.

It's a great, easy to use product that would suit any type of business.

It's limited by that it doesn't allow multiple businesses for consolidated accounting, so it'll always lose to bigger systems.

It’s been around for over 20 years. Fully functional and developed software. Easy to use.

Multi currency can be improved but it’s not used often.

User experience is great and is easy to use for beginners. As the product has been around for some time, the forums are helpful for common issues and troubleshooting. From my experience the online support chat is helpful when needed. The myob capture app is great for recording receipts and invoices on the go for allocation later on desktop.

Recurring invoices are a great feature, however for my purposes, I would prefer a create from template feature for recurring contacts. Would prefer to have final say/approval over invoice reminders so the template can be customised to the circumstances. Some basic filtering and sorting features could be added for betting tracking of transactions, invoices, etc.

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

Not much, the old version worked perfectly, we were given an ultimatum

Undeposited funds should not be automatic, you cannot delete

It was a cost-effective solution for the number of features available and the quality of product.

For us the only con was at the time it did not have reoccurring invoicing.

Bank feeds, scan bills, look up and search functions. Also the general ledger allows headings and subheadings (Xero does not)

Could connect to more third-party software.

I stated my career using MYOB which was my favorite software. It couldn't be beat. But that was over a decade as ago. Since then other contenders have surpassed the software in both useability and practicality. MYOB is still good at the core, especially for accountants and people with an accounting background. However for business owners I think it could be a bit confusing and slightly intimidating.

One of my biggest pet peeves for MYOB is the rigid structure and inflexible ways to treat transactions. For example, if a bank transaction doesn't match to the cent, there is no quick way of recognizing the rounding error and processing the transaction. Instead a series of clicks into the transacting to edit the amount is required, disrupting your workflow.

I like that it has been around for many many years, and the functionality has NEVER changed or been improved

The lack of development and modernisation of the product

Commonly used across small business which makes it easier to find bookkeepers who have experience in it

Needs to have a major overview from a features, functionality and user experience perspective. Nearly no new features in 15 years. An upgrade in technology, but delivering using out-dated tech stacks and restrictive implementation. Not a wonder people are moving in droves to other products.

Have most of the function and very stable software.

The platform looks a bit old fashion and payroll function is not easy to use.

Editing and backup easy to manage and restore function for any error or lost of data to be fixed easily

Cannot customise report and limited on letters and character to be insert. Control on printing page is not user friendly

This program is in the cloud so it can be accessed from anywhere that has internet.

You couldn't do a recurring transaction.

Nothing. completely useless. Doesn't comply with ATO requirements unless you have no employees and what business has no employees? Misleading advertising and advice.

I am a small business with single employee. Noting that one touch payroll was becoming mandatory next year I decided to put my accounts on a basic package to comply. I rang up and they sold me MYOB essentials telling me it would fully comply. After upteem dozen attempts to create a single employee which failed I ring up and they tell me well actually this entry level despite having all the menu...

Read more

This is one of the mainstream products available around and has a lot of users all over the globe. There is a great chance that your accountant is familiar with this and will be able to make great recommendations

Updates can be cumbersome and provided they work well they are easy to apply. I have had a couple of instances where we needed support and it has been very lacking. General technical support is poor with cancelled webinars and staff which appear not to know more than the most basic for troubleshooting.

This software has made my bookkeeping so much easier, faster and even more accurate. I like when they change a function, that they teach u how to use it with little instruction pop ups.

I find that the dashboard figures aren't always accurate with my bank accounts. Sometimes the layout can be confusing.

Very easy to navigate and simple to use. Search function for invoices is good now that you can see POs.

Wish it would export data to excel!! Had to manually build a database of 300 invoices! Too easy to go back and delete stuff too which then doesn't stay on the audit trail, once it's gone it's gone! Would like to see some detail from the invoice when it searched for rather than having to go into it.

The systematic features really helps to sort out the accounting issues. I am always leading the task upto the standards and mostly efficiently only using this specialized software.

The complications of finding a specific set of files is really hectic. I have to go through the whole bunch of files and reenters the balance whenever I have to made some ammendments.

Simple in most cases to use and looks good, integrates with our hire software well , if any issues the help section normally answers the query so no need for customer service.

I have found it to be slow and sluggish at times, some of the processes are over complicated and difficult to understand/process.

Basic Accounting functions for the new staff to use. Very good graphical user interface. icons are very clear

Poor budgeting modules when trying to incorporate different departments. Relies on internet with cloud service.

I like the dashboards that show the flow of information from beginning to end. Reconciling the bank is very easy to do as well as enter in new sales and purchases. It's also very easy to export data into excel if additional analysis is needed outside of MYOB.

Generating sales reports, P&Ls, and BS is a bit cumbersome. It would also be nice if it had a 'dashoboard' feature, like xero, that shows all the relevant information on one page. Having one spot to go to for most of the day's relevant information would be very helpful

Good basic internal controls so novice bookkeepers can run day to day. Easy to install and set up. Reasonably cheap for what you get. Handles GST well.

Not the best for Job costings. Payroll system ordinary serious reporting drawbacks as far as information flow to the General Ledger. Tends to freeze in reporting production which can lock out users. Support service is very poor, you get the feeling the staff could care less in resolving issues. Interactive screen supports not used you have to send a file and wait for a response. Wait time on the phone for support is very bad.

Compatible with earlier versions. Interface is very similar to previous versions.

Expensive for what it is! Slow!!!!! For small or casual use it MAY be okay, but for any real data volume, its just too slow. (Even on the latest PC) Relies heavily on the internet (could be cause of part of the speed problem) Limited customisation