MYOB Features List

MYOB

Online accounting & payroll for every business

3.98/5 (42 reviews)

MYOB Feature Summary

  • Accounting, GST and BAS
  • Manage customers and suppliers
  • Time billing
  • Live reporting
  • Multi-user access
  • Coordinate payroll
  • Mobile friendly
  • Online support
  • Smartphone app
  • No lock in contracts
  • LiveChat support
  • Bookkeeping
  • Time & expense tracking
  • Accounting management
  • Multiple user accounts
  • Bank reconciliation
  • API
  • Accounting integration
  • Application integration
  • Cash management
  • Expense claims
  • General ledger
  • Invoice management
  • Invoice processing
  • Recurring billing
  • Timesheets
  • Audit trail
  • MYOB BankFeeds
  • Accept payment from invoices (PayDirect Online)
  • Track and pay expenses
  • Manage customers and suppliers
  • Bank feeds
  • Multiple accounts
  • Pay employees & track leave
  • Automatic leave calculation
  • Real-time timesheets access for employees
  • Accept timesheets via online or mobile
  • Track profit and loss on jobs
  • Manage inventory items list
  • Track inventory levels
  • Inventory management
  • Multi-currency
  • Project time tracking
  • Billing & invoicing
  • Mobile integration
  • Quote management
  • Purchase order management
  • Leave tracking
  • Compensation calculation
  • Real time data
  • Create and track jobs
  • Profit / loss statement
  • Inventory tracking
  • Collaboration tools
  • Job management
  • Activity dashboard
  • Sales tax management
  • Income statements
  • Sick leave tracking
  • Profitability analysis
  • Contact management
  • Budgeting
  • Cash flow statement
  • Compliance management
  • Offline access
  • Records management
  • Payroll management
  • Tax updates
  • Goal setting
  • Payment tracking
  • Banking & credit card transaction import
  • Automatic updates
  • Project tracking
  • Mobile transaction synchronization
  • Customizable reporting
  • Real time cash flow management
  • Secure login

Finance & Accounting Feature Comparison

Most popular features of all Finance & Accounting apps

API (165 other apps)
Accounting Integration (104 other apps)
Accounting Management (99 other apps)
Activity Dashboard (108 other apps)
Auditing (80 other apps)
Automatic Notifications (100 other apps)
Automatic Reminders (76 other apps)
Billing & Invoicing (109 other apps)
Customizable Reporting (80 other apps)
Data Import/Export (87 other apps)
Electronic Payments (95 other apps)
Expense Tracking (105 other apps)
Invoice Management (154 other apps)
Invoice Processing (95 other apps)
Multi-Currency (91 other apps)
Real Time Data (88 other apps)
Receiving (86 other apps)
Recurring Billing (76 other apps)
Reporting & Statistics (99 other apps)
Third Party Integration (91 other apps)

Competitor Feature Comparison

Mobile apps

iOS App


51 reviews

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Android App


0 reviews

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MYOB Feature Reviews

25 reviewers had the following to say about MYOB's features:

Gavin Power

MYOB in the Clouds

2016-11-23

It has all the bells and whistles of modern accounting software.

Pros

Nice features with Invoice design also.

Cons

The Journals report is awful, no Fixed Asset register.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

6/10

Recommendations to others considering MYOB

Overall I would recommend this product. There is room for improvement. I have high expectations.

Source: Capterra
Helpful?   Yes   No
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Anonymous
A verified reviewer

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

2018-06-12

Good for accounting & Book-keeping offline.

Pros

You can easily get your Accounting data customized by preparing P&L account & Balance sheet

Cons

Difficult to understand the reporting process.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
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Rani Rakete

Great software. Does everything we need it to do and more.

2018-03-13

Great accounting, and always updating with new features.

Pros

-Highly customisable for invoicing and parts inventories.

Cons

-We were new to this software, and it took a long time to set it up, (6 mnths), specifically for how we needed it to work.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
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Nicola Bentley

Very Simple and easy to use, lacking in a few areas but good for a small business just starting out

2018-06-05

Pros

Search function for invoices is good now that you can see POs.

Cons

Wish it would export data to excel!!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
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Pam Deacon

Small business user

2018-07-10

Good program for small business and very easy to fix mistakes but no audit trail

Pros

Easy to use and can have detailed accounts set up,at 4 levels Reports are set up so easy to use out of the box Great program in box

Cons

From an audit perspective not great as you can renter things without an audit trail No reporting flexibility

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Software Advice
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Anonymous
(Computer Software company, 501-1000 employees)

Product to keep your accounting and bookkeeping needs. little bit difficult to change & edit reports

2018-06-20

I suggested this software to my friend for daily bookkeeping. she is satified from this product.

Pros

simple use for data entry within the software, simple offline product to use for accounting & bookkeeping.

Cons

difficult to import the transactions with the help of excel. and little bit difficult to change and customize reports

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Adam Collet

A very easy to use and follow accounting software, the flow of information is easy to follow

2017-08-16

This software allows me to track and update information easily and in a timely manner

Pros

I like the dashboards that show the flow of information from beginning to end.

Cons

It would also be nice if it had a 'dashoboard' feature, like xero, that shows all the relevant information on one page.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
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Daz

Okay but . . . . .

2013-08-07

The "cloud" idea is novel, but due to the speed restrictions it is of little real benefit.

Pros

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

Cons

For small or casual use it MAY be okay, but for any real data volume, its just too slow.

Source: GetApp
2 of 2 people found this review helpful
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Glenn Littleford

Can not export or import anything useful. Locked in.

2017-10-13

I would avoid unless you only want to use it for a small business with no plans to grow to the stage where you need to upgrade your accounting software.

Pros

Easy to use for a small business.

Cons

Import and export data options VERY limited.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Source: Software Advice
Helpful?   Yes   No
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Nigel Bennett

Beginners and advances users both like MYOB

2018-03-08

Pros

Simple to generate a quote or invoice. Creating customers while creating quotes or invoices is good to keep you moving easily.

Cons

When theres an error, sometimes its not clear what the source of the problem is. This can be frustrating and better error message text would be on the advice to developers list.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Other

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Ricki475

MYOB problems

2013-12-08

MYOB has been the main software package in my business for over 18 years I would have to say that this is the slowest version I have ever come across and am very disappointed, between the not being able to create a new customer in the invoice to having timed out when Im not in cloud it is very frustrating to work with, MYOB you were once good is this the sign of the future?????.

Pros

Better reporting (though you have to wait longer)

Cons

Slow operating system,Timing out, New customer only by card file

Source: GetApp
2 of 3 people found this review helpful
Helpful?   Yes   No
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Dmitri Ilinov

Works for us

2017-04-12

We purchased PayDirect card reader for a one time payment. It doesnt have on-going chargers, like many others do, but just minimal fees for eftpos transaction and 1.95% for credit cards.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
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Russell Evans

Not exception but does the job

2016-12-06

However the taxation reporting is very user friendly and makes very monthly reporting and payment very easy to use.

Pros

Taxation reporting

Cons

Customer service

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

5/10
Source: Capterra
Helpful?   Yes   No
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Kerry Furler

Easy accounting

2016-12-05

I have used MYOB in different formats and found this the simplest and quickest to use and would recommend to anyone running a business.

Pros

Quick to use

Cons

Reports

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Annie Gall

Game change for my business

2018-06-05

Pros

This software has made my bookkeeping so much easier, faster and even more accurate.

Cons

I find that the dashboard figures aren't always accurate with my bank accounts.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Denise Ko

Make life easier

2018-04-05

Pros

I like it because it is web-based, so I don't need to export the accounts and send it to our accountant, also be able to work on the same and updated info from anywhere.

Cons

But well, I guess I pay for the convenience. The interface is not the most intuitive, but once it's learned, it's easy.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Source: Capterra
Helpful?   Yes   No
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Marcus  Maciej Napieraj

The interface is ok but the customer service is terrible

2018-04-06

Pros

The colour palette and general design is quite pleasing to the eye.

Cons

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!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
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Simon Mader

Easy to use

2017-10-11

Pros

Basic Accounting functions for the new staff to use.

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Software Advice
Helpful?   Yes   No
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Lee Pattinson

The software is good for a small entity but once you grow and need more detail it becomes a handbrake on information.

2017-05-22

For a small firm with limited reporting requirements it is okay but for any jobs with Work Breakdown Structure requirements it comes up short and becomes a limiter for the company.

Pros

Good basic internal controls so novice bookkeepers can run day to day. Easy to install and set up.

Cons

Payroll system ordinary serious reporting drawbacks as far as information flow to the General Ledger.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

6/10
Source: Software Advice
Helpful?   Yes   No
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Karen Zadra

Mostly good

2017-01-11

I've been using MYOB for many years, mainly to raise invoices and purchases, plus to track the P&L and balance sheet.

Pros

Fairly easy to use; robust

Cons

You have to have internet connection to use your company files.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
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Jade Barnett

Good basic accounts system

2018-01-12

Pros

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.

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No
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Chris Peng

good value in terms of the price

2017-09-12

The software is good for a small entity but once you grow and need more detail it becomes a handbrake on information.

Pros

easy to use ,A very easy to use and follow accounting software, the flow of information is easy to follow

Cons

I have been using the MYOB Essentials purely for payroll of a bout 10 employees. I find the customer service frustrating as it seems impossible to actually speak to anyone.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

6/10
Source: Software Advice
Helpful?   Yes   No
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Martine Hoosen

Verified Reviewer

MYOB Accounting and Payroll Software

2016-06-07

Bookwiz Bookkeeping has been operating since 2000 and over the years we have used many accounting software products.

Rating breakdown

Value for money
Ease of use

Time used: Free Trial

Source: GetApp
Helpful?   Yes   No
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Frances Schull

Missing the mark in a few ways

2017-03-02

This is a very simplified online version of MYOB accounting service which is ideal for a small business with one or two contractors.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
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Ludovic Costa

Very easy to set up and to use

2017-05-18

Pros

Very simple dashboard. Good support.

Cons

No scan of documents on the go. No app to use the software yet. Don't offer all the functionalities of the computer version

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Software Advice
Helpful?   Yes   No
Read more