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NetSuite vs MYOB Essentials Comparison

Overview

NetSuite is the world's #1 cloud ERP solution trusted by more than 24,000 high-growth customers worldwide to run all of your...

MYOB Essentials is accounting software designed to help businesses of any size across Australia and New Zealand take care...

  • 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

Screenshots

Pricing

Starting from
$499.00/mo.month
  • Free trial available
  • No credit card required
  • Free account
  • Subscription based
Starting from
A$5.00/mo.month
  • Free trial available
  • No credit card required
  • Free account
  • Subscription based

User reviews

5

4

3

2

1

283

304

102

16

21

  • Value for money
  • Ease of use
  • Features
  • Customer support
89%
would recommend this app

3.8

(81)

5

4

3

2

1

30

26

15

2

8

  • Value for money
  • Ease of use
  • Features
  • Customer support
80%
would recommend this app

Pros

Overall its good as in it does what it needs to do, and then some. It's useful but feel at times we are only touching the capabilities of this software other then really utilizing it.
We were fortunate enough to use a trained consultant to do the implementation and now we have a fantastic solution even through getting there was not smooth sailing.
Netsuite is the best available option at the moment. It's very intuitive when it comes to navigating the software and their customer service is great if you need assistance with something.

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.
Good Alternative Cloud Accounting Package for the MYOB Faithful.
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.

Cons

Since it is so customization it is a little more difficult to learn. It is a bit costly and you pay per seat so if you need to have 1 person have multiple seats then it could get a little more costly.
While this is not about the software, Oracle has been hiking up prices for the past few years, to the point that it's gotten costly. It might be a relevant barrier for smaller companies.
To add insult to injury, NetSuite made us renew the license while the tool was in development (late!) and we were not using it.

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.
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.
The interface is ok but the customer service is terrible.
  • Vendor responds to reviews
  • Last reviewa month ago
  • Vendor responds to reviews
  • Last reviewa month ago

Key features

  • Total features65
  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Application Integration
  • Approval Process Control
  • Asset Lifecycle Management
  • Audit Trail
  • Automated Scheduling
  • Bank Reconciliation
  • Barcode Scanning
  • Billing & Invoicing
  • Budgeting
  • Business Intelligence
  • CRM Integration
  • Capacity Management
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Communication Management
  • Compliance Management
  • Configurable Workflow
  • Contact Management
  • Contract Management
  • Currency Conversion
  • Customer Database
  • Customizable Reporting
  • Data Import
  • Data Import/Export
  • Data Synchronization
  • Demand Planning
  • Distribution Management
  • ERP Integration
  • Electronic Payments
  • Employee Self Service
  • Expense Claims
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Fixed Asset Management
  • Fraud Detection
  • General Ledger
  • Goal Setting / Tracking
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Invoice Processing
  • Issue Tracking
  • Job Management
  • Job Tracking
  • Leave Tracking
  • Microsoft Outlook Integration
  • Mobile Integration
  • Multi-Company
  • Multi-Currency
  • Multi-Language
  • Multi-Location
  • Multiple User Accounts
  • Offline Access
  • Order Management
  • Order Processing
  • Payroll Integration
  • Payroll Management
  • Planning Tools
  • Procurement Management
  • Product Data Management
  • Profit / Loss Statement
  • Profitability Analysis
  • Project Time Tracking
  • Project Tracking
  • Promotions Management
  • Purchase Order Management
  • Quality Assurance
  • Quote Management
  • Real Time Analytics
  • Real Time Data
  • Real Time Reporting
  • Real Time Updates
  • Receipt Management
  • Records Management
  • Recurring Billing
  • Returns Management
  • Revenue Recognition
  • Role-Based Permissions
  • Sales Forecasting
  • Sales Tax Management
  • Shipping Management
  • Sick Leave Tracking
  • Supplier Management
  • Supply Chain Planning
  • Third Party Integration
  • Time & Expense Tracking
  • Timesheets
  • Vacation Tracking
  • Warehouse Management
  • Work Order Management
  • Workflow Management
  • eCommerce Management
  • Total features52
  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Application Integration
  • Approval Process Control
  • Asset Lifecycle Management
  • Audit Trail
  • Automated Scheduling
  • Bank Reconciliation
  • Barcode Scanning
  • Billing & Invoicing
  • Budgeting
  • Business Intelligence
  • CRM Integration
  • Capacity Management
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Communication Management
  • Compliance Management
  • Configurable Workflow
  • Contact Management
  • Contract Management
  • Currency Conversion
  • Customer Database
  • Customizable Reporting
  • Data Import
  • Data Import/Export
  • Data Synchronization
  • Demand Planning
  • Distribution Management
  • ERP Integration
  • Electronic Payments
  • Employee Self Service
  • Expense Claims
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Fixed Asset Management
  • Fraud Detection
  • General Ledger
  • Goal Setting / Tracking
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Invoice Processing
  • Issue Tracking
  • Job Management
  • Job Tracking
  • Leave Tracking
  • Microsoft Outlook Integration
  • Mobile Integration
  • Multi-Company
  • Multi-Currency
  • Multi-Language
  • Multi-Location
  • Multiple User Accounts
  • Offline Access
  • Order Management
  • Order Processing
  • Payroll Integration
  • Payroll Management
  • Planning Tools
  • Procurement Management
  • Product Data Management
  • Profit / Loss Statement
  • Profitability Analysis
  • Project Time Tracking
  • Project Tracking
  • Promotions Management
  • Purchase Order Management
  • Quality Assurance
  • Quote Management
  • Real Time Analytics
  • Real Time Data
  • Real Time Reporting
  • Real Time Updates
  • Receipt Management
  • Records Management
  • Recurring Billing
  • Returns Management
  • Revenue Recognition
  • Role-Based Permissions
  • Sales Forecasting
  • Sales Tax Management
  • Shipping Management
  • Sick Leave Tracking
  • Supplier Management
  • Supply Chain Planning
  • Third Party Integration
  • Time & Expense Tracking
  • Timesheets
  • Vacation Tracking
  • Warehouse Management
  • Work Order Management
  • Workflow Management
  • eCommerce Management

Integrations

  • Total integrations370
  • Dropbox Business
  • Google Calendar
  • Google Drive
  • Magento Commerce
  • Mailchimp
  • Microsoft 365
  • Microsoft Excel
  • Microsoft Outlook
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Xero
  • Zapier
  • Total integrations157
  • Dropbox Business
  • Google Calendar
  • Google Drive
  • Magento Commerce
  • Mailchimp
  • Microsoft 365
  • Microsoft Excel
  • Microsoft Outlook
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Xero
  • Zapier

Security

  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation
  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation

NetSuite vs. MYOB Essentials

See how NetSuite and MYOB Essentials stack up against each other by comparing features, pricing, ratings and reviews, integrations, screenshots and security. Compare real user opinions on the pros and cons to make more informed decisions.

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