MYOB Essentials Pricing Plan & Cost Guide

MYOB Essentials

Online accounting & payroll for every business

3.84/5 (81 reviews)

MYOB Essentials Pricing

Starting from: A$5.00/month

Pricing model: Subscription

Free Trial: Available (No Credit Card required)

Essentials Payroll: $5.00 / month
Accounting Starter: $13.50 / month
Accounting: $24.00 / month
Accounting + Payroll: $30.00 / month

50% off for 3 months.
A 30-day free trial is available.

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ETNA Digital Advisor

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MYOB Essentials Pricing Reviews

Pros
  • It is user friendly and easy to navigate. The cost did increase quite a bit over the 6 years I was using it but it is pretty relative to other accounting software available.Kate W.Read the full review
  • Good Alternative Cloud Accounting Package for the MYOB Faithful.Steve S.Read the full review
  • I would recommend it to someone say a professional bookkeeper, I found Quickbooks to be more user friendly for easy bookkeeping soultuons also finding Quickbooks a lot cheaper than MYOB.Verified ReviewerRead the full review
Cons
  • 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.Marcus Maciej N.Read the full review
  • Data entry is not fluid and constant delays in processing. We contacted MYOB support regarding this and "they are working on the problem" so it appears it is a common problem.DazRead the full review
  • The interface is ok but the customer service is terrible.Marcus Maciej N.Read the full review
80%
recommended this to a friend or a colleague

18 reviewers had the following to say about MYOB Essentials's pricing:

Lee Pattinson

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

Used daily for 2+ years
Reviewed 2017-05-22
Review Source: Software Advice

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. I get very frustrated with the after sales support system. It is not customer focused and leaves you wondering why you pay for it.

Pros
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.

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Anonymous

Not a choice if you plan to grow

Used weekly for 6-12 months
Reviewed 2018-08-21
Review Source: Capterra

Pros
Cheap, easy to set up, basically does the job that you need it to do.

Cons
Once on it, you cannot graduate to Account Right Live or other products if your organisation grows. You are basically stuck on a sub standard product. App ecosystem is not robust.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 1/10

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Anonymous

Great Product

Used daily for 1-2 years
Reviewed 2019-01-14
Review Source: Capterra

I would recommend it to someone say a professional bookkeeper, I found Quickbooks to be more user friendly for easy bookkeeping soultuons also finding Quickbooks a lot cheaper than MYOB.

Pros
Very detailed, Easy to add transactions.

Cons
I found the software was not very “user friendly” especially as someone who isn’t the greatest at Bookeeping, the terms (words) and navigation was very hard sometimes. I ended up switching to Quickbooks.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 5/10

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Rohan Merrett

Poor product Poor support Over priced

Used weekly for 2+ years
Reviewed 2018-11-12
Review Source: Capterra

Over priced, they don't care about their customers

Pros
There is nothing I like about MYOB, a product which I have used for 15 years. I'm locked in and cant move.

Cons
Every thing. Customer service is non existent and its way over priced.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 0/10

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Denise Ko

Make life easier

Used monthly for 2+ years
Reviewed 2018-04-05
Review Source: Capterra

Pros
I have been using the web-based MYOB since its launch back in 2012. The functionalities and the interface/look have been improved over the years. 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
The subscription price has been increased a lot over the years. I used to pay around monthly and now it costs around. So, for a light user, it's expensive. 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

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Katrina Ryan

Solid product for small business

Used daily for 2+ years
Reviewed 2018-11-07
Review Source: Capterra

Has been around for a long time. Tried and tested and is a great product. Starting to price a little higher but still competitive - especially if you have employees.

Pros
Easy to use and well laid out for the end user. Is great for small operations without complex needs.

Cons
Whilst bank rules are very handy - the auto reconciling of transactions can cause problems if rule set up incorrectly. Would be great if there was an option to make bulk transaction changes.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Joe Burrows

Manual System Converted into Digital

Used daily for less than 6 months
Reviewed 2020-12-29
Review Source: Capterra

MYOB has changed the way we work, simplifies book keeping to take away so much pain

Pros
- Easy to signup and simple setup to get things started - Pricing - Special offer for new start ups - Invoice reminders - Invoice templates look very professional - Invoice shows when customer / vendor have viewed (SUPER HELPFUL) - Intray for emailing receipts and tracking

Cons
- Not being able to invoice in multiple currencies, have to workarond this by invoicing in the charable foreign currency then after payment is recieved adjusting the template to the local amount that is received.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Liam Griffin

I really like using MYOB for my Business as it makes everything very easy and carefree

Used weekly for 1-2 years
Reviewed 2018-03-11
Review Source: Capterra

Pros
I like MYOB for my business as it is intuitive and it combines many different softwares. It is a 'one stop shop' for all my business needs which is what I need when I am very busy

Cons
What i like least about MYOB is that other softwares are more competitive in price. I stay with MYOB as I am used to the functionality off it and dont wish to change.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Chris Fox

This is great accounting Software thank you

Used daily for 2+ years
Reviewed 2017-02-09
Review Source: Capterra

I have been using this software for over 10 years it is a bit expensive but works well Especially after it went to cloud based

Pros
And I like if anything goes missing my computer gets Stolen or burns or virus then I don't lose everything because it's on the clouds

Cons
The cons are that it is too expensive for what it is

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Sarah Sheluchin

Great reconciliation and payment software

Used weekly for 2+ years
Reviewed 2019-05-26
Review Source: Capterra

MYOB is used for all office payments, cheques, reconciliation and staff wages. Creates a one stop shop for all things payment related!

Pros
Easy to use interface with quick access to each area of the program.

Cons
Program can be expensive and costs per computer

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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'Kim's A-Counting

MYOB Essentials

Used daily for 2+ years
Reviewed 2019-02-17
Review Source: Capterra

Keep clients complaint!

Pros
This product makes the day to day task of a business owner more professional!

Cons
the Cost of the software could put a few people off!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Russell Evans

Not exception but does the job

Used monthly for 2+ years
Reviewed 2016-12-06
Review Source: Capterra

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. However the taxation reporting is very user friendly and makes very monthly reporting and payment very easy to use. Overall, the price is very good and for the purposes of just payroll it does the job reasonably well

Pros
Taxation reporting

Cons
Customer service

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 5/10

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Ricki475

MYOB problems

Reviewed 2013-12-08
Review Source: GetApp

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?????. there may be bugs but really for the cost of the software I would have thought you could afford better software engineers or are you cutting corners.

Pros
Better reporting (though you have to wait longer)

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

Rating breakdown

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Marcus  Maciej Napieraj

The interface is ok but the customer service is terrible

Used weekly for 6-12 months
Reviewed 2018-04-06
Review Source: Capterra

Pros
I liked the layout of the software. It is generally easy to use. The colour palette and general design is quite pleasing to the eye.

Cons
It's quite expensive for a small business and of course they hide a lot of information before you purchase. At per month I could not enter more than 5 expenses per month! Ridiculous! Had to upgrade! 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!

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Kate Wilson

Easy to use

Used daily for 2+ years
Reviewed 2018-09-14
Review Source: Capterra

Being in the cloud makes access to this program easy. It is user friendly and easy to navigate. The cost did increase quite a bit over the 6 years I was using it but it is pretty relative to other accounting software available.

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

Cons
You couldn't do a recurring transaction.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 9/10

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Daz

Okay but . . . . .

Reviewed 2013-08-07
Review Source: GetApp

We have been using MYOB accounting plus for over 10 years and recently upgraded to the new Accountright 2013. The new version is very similar to the old and this makes it relatively easy to adjust to. There was a bit of dancing converting 10 years of accounting data to the new format and eventually we got that done and away we went. The first thing that struck us was how slow it seems in comparison to the previous software. (MYOB Accounting plus v14). Data entry is not fluid and constant delays in processing. We contacted MYOB support regarding this and "they are working on the problem" so it appears it is a common problem. It is updated with the latest reports and payroll taxes and supposedly compliant with the ATO. There is a greater range of reports available but still the customisation options are limited. What you see is what yo get, give or take a field or two. The "cloud" idea is novel, but due to the speed restrictions it is of little real benefit. Payroll is the biggest change complying with the new regulations, and taxes, but unfortunately MYOB doesn't allow upgrading of the tax tables without paying for an endless subscription which equates to approximately $800 per year. Overall if you like the early MYOB and can handle the speed reduction then its an okay upgrade. If it wasn't for the reliance on MYOB data for the previous 10+ years and the swift talking sales rep that convinced management to upgrade, I would personally be looking at alternatives.

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

Cons
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

Rating breakdown

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Martine Hoosen

MYOB Accounting and Payroll Software

Reviewed 2016-06-07
Review Source: GetApp

Bookwiz Bookkeeping has been operating since 2000 and over the years we have used many accounting software products. MYOB is hands down the best Accounting & Payroll Software solution for our clients and we highly recommend it. We now have nearly all of our clients online and with features like Bank Feeds and Pay Super we have been able to really streamline the bookkeeping and payroll process for our clients which they love as it saves them money. 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.

Rating breakdown

Value for money
Ease of use

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Frances Schull

Missing the mark in a few ways

Reviewed 2017-03-02
Review Source: Capterra

This is a very simplified online version of MYOB accounting service which is ideal for a small business with one or two contractors. You are able to have one employee on payroll, but if you have more, you need to pay additional money each month to allow for this. It is easy to navigate and does have some good features like the in-tray and linked bank accounts. I found that the cost compared to Account Right was pretty close once I added my PAYG employees to the system. I needed more complex options so I switched over.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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