MYOB

MYOB Business software for small businesses

Step away from the spreadsheets and get more time back in your day with this easy-to-use accounting software.

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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.

Name Product Price Free Trial? Platform
MYOB Business
From $24 per month
Yes
Windows,Mac,iOS,Android
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What is MYOB Business?

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 (October 2021), 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 LiteMYOB Business ProMYOB Business AccountRight PlusMYOB Business AccountRight Premier
Cost$24 / month$50 / month$120 / month$150 / month
Who it’s forSole traders and businesses new to accounting softwareGrowing businesses that are hiring more peopleEstablished businesses that require inventory management servicesEstablished 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.


What features does MYOB Business offer?

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.

MYOB Business LiteMYOB Business ProMYOB Business AccountRight PlusMYOB Business AccountRight Premier
Track income and expenses
Create and send invoices and quotes
Accept payments
Store receipts
Track GST and lodge BAS
Connect bank accounts2 accountsUnlimitedUnlimitedUnlimited
Reporting and analyticsTax and basic management reportsAdvanced reports and analyticsAdvanced reports and analyticsAdvanced reports and analytics
Inventory managementNoNo
Bill by timeNoNo
Manage multiple currenciesNoNoNo
PayrollOptional – $1.50 per person per month for up to 2 employeesOptional – $1.50 per person per month for unlimited employeesIncluded – pay unlimited employeesIncluded – pay unlimited employees
Automated super contributions
Remote employee onboarding
TimesheetsManualAutomatedAutomatedAutomated
Automated rostersNo

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 ProQuickBooks PlusXero 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
  • Automate superannuation
  • Capture bills and receipts
  • Short-term cash flow and business snapshot
Price per month$50 per month$52 per month$54 per month
SupportSupport via phone and live chat 7 daysSupport via phone Monday to Friday, and via live chat 7 days24/7 support via contact form with the option for a callback

How to contact MYOB?

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.


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