When you run your own business, managing the books is usually not at the top of the list of things you want to spend your day doing. An accounting tool that's easy to use and allows you to maintain tight control over your finances is critical to running a successful small business.
MYOB Business helps you get a clear picture of your business's financial health with a variety of plans to choose from and ongoing support to help you get unstuck when you need it.
Current Offers from MYOB
Available until 29 March 2024
Get a 7-day free trial then pay $5/month for a base subscription of MYOB Business Lite or $8/month for a base subscription of MYOB Business Pro for 6 months.
OR
Get a 30-day free trial then 50% off MYOB Business AccountRight Plus and AccountRight Premiere for 3 months.
MYOB Business is a straightforward platform for managing your accounting and payroll needs. It's been designed by Aussies for small to medium businesses at any stage of growth, with a range of plans available to suit the accounting needs of different businesses.
You can track and update your finances when convenient with the mobile app, manage bills and expenses, track when clients receive and open your invoices, and pay your staff with a few clicks.
How can I use MYOB for business?
Stay compliant, save time and reduce the stress at tax time with MYOB's stack of features for small businesses including:
Single touch payroll reporting
Pay your employees
Track and prepare GST for your business activity statement (BAS)
Manage bills, expenses and invoices
Send professional quotes and invoices
How much does MYOB Business cost?
MYOB Business is available in a range of subscription plans to suit the requirements of different small businesses. The purpose and monthly cost of these plans are detailed in the table below.
It's also worth mentioning that at the time of writing (January 2024), MYOB was offering a deal allowing new users to trial a plan for free for 30 days, and then get 50% off the standard prices listed below for the next 3 months.
MYOB Business Lite
MYOB Business Pro
MYOB Business AccountRight Plus
MYOB Business AccountRight Premier
Cost
$30 / month
$55 / month
$136 / month
$170 / month
Who it’s for
Sole traders and businesses new to accounting software
Growing businesses that are hiring more people
Established businesses that require inventory management services
Established businesses that deal with multiple currencies
MYOB Business is also available as a Payroll Only plan. Available for $10 a month, this plan is for businesses that need payroll for up to 4 employees.
The features available with your MYOB Business online accounting software vary depending on the plan you select. Plans are designed to suit small businesses of different sizes and with varying accounting needs.
However, all plans allow you to perform key accounting and bookkeeping tasks such as keeping track of your income and expenses, creating invoices, accepting payments and managing your tax obligations.
Reporting and analyticsTax and basic management reportsAdvanced reports and analyticsAdvanced reports and analyticsAdvanced reports and analytics
MYOB Business Lite
MYOB Business Pro
MYOB Business AccountRight Plus
MYOB Business AccountRight Premier
Track income and expenses
✓
✓
✓
✓
Create and send invoices and quotes
✓
✓
✓
✓
Accept payments
✓
✓
✓
✓
Store receipts
✓
✓
✓
✓
Track GST and lodge BAS
✓
✓
✓
✓
Connect bank accounts
2 accounts
Unlimited
Unlimited
Unlimited
Inventory management
No
No
✓
✓
Bill by time
No
No
✓
✓
Manage multiple currencies
No
No
No
✓
Payroll
Optional – $1.50 per person per month for up to 2 employees
Optional – $1.50 per person per month for unlimited employees
Included – pay unlimited employees
Included – pay unlimited employees
Automated super contributions
✓
✓
✓
✓
Remote employee onboarding
✓
✓
✓
✓
Timesheets
Manual
Automated
Automated
Automated
Automated rosters
No
✓
✓
✓
If you just want a standalone payroll plan, MYOB Business Payroll Only offers the following features:
Pay up to 4 employees
Single touch payroll
Automated super contributions
Automated timesheets
Automated rostering
The ability to send reports directly to the ATO
How does MYOB Business compare to the competition?
To give you a better idea of how MYOB Business stacks up against alternative options, let's take a closer look at how the Pro plan compares to 2 similarly-priced offerings from QuickBooks and Xero.
MYOB Business Pro
QuickBooks Plus
Xero Standard
Key features
Track income and expenses
Single touch payroll
Pay unlimited employees
Payroll $1.50 per person per month
Unlimited invoices and quotes
Accept payments
Scan and store receipts
Connect unlimited bank accounts
Automated super contributions, timesheets and rosters
Track income and expenses
Unlimited invoices and quotes
Snap and store receipts
Track GST and e-lodge BAS
Send custom invoices and quotes
Manage budgets
Multi-currency
Track inventory
Single touch payroll
Payroll from $5 per employee per month
Track income and expenses
Send invoices and quotes
Enter bills
Single touch payroll
Payroll for 2 people included
Reconcile bank transactions
Optional expense claim feature from $5 per month
Capture bills and receipts
Short-term cash flow and business snapshot
Price per month
$55 per month
$55 per month
$65 per month
Support
Support via phone and live chat 7 days
Support via phone Monday to Friday, and via chat in product
MYOB's support team can be reached via live chat online or phone 7 days a week.
For technical support, you can also consult MYOB's online community or review its extensive help section.
Is MYOB Business right for me?
MYOB is an established name in the world of online accounting software, and its plans are well worth checking out for Australian small and medium business owners.
However, you'll need to research the cost and features of the available MYOB Business plans to determine if they're a good fit for your business. Be sure to compare MYOB Business with other leading online accounting options – happily, many providers offer free trials so you can try before you buy.
Frequently asked questions
No. There is no minimum subscription period and no lock-in contract. You simply pay for the plan you want on a monthly basis.
Yes, you can manage your MYOB Business account via your mobile device. MYOB also offers 2 mobile apps: MYOB Capture for scanning and uploading bills and receipts, and MYOB Invoice for creating and sending invoices.
Yes, all MYOB Business software plans are available as a free trial for the first 30 days.
Aaron McAllister is the global publisher for Streaming at Finder, helping to deliver insightful guides to internet TV, sports and entertainment. He has a Bachelor of Commerce and a major in Marketing from the University of Wollongong. Away from work, you can find him perfecting his jump shot.
A maverick teacher uses poetry to embolden his boarding school students to new heights of self-expression. Here's where to watch Dead Poets Society online.
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