MYOB

MYOB

By: MYOB Technology Pty Ltd.

MYOB (Abbreviation of 'Mind Your Own Business') is an Aussie online accounting software that helps to manage your finance, save time, and stay ATO compliant. The software is designed for small business and enterprise from New Zealand and Australia. It provides add-ons in various categories, including advanced reporting, billing and invoices, e-commerce, human resources, and more.

From: Australia Web Visibility: 60.63%
Top MYOB Alternatives
  • FreshBooks
  • QuickBooks
  • Bonsai
  • Soldo
  • Expensify
  • Receipt Bank
  • Zoho Books
  • Yendo
  • Certify
  • SAP Concur
  • FreeAgent
  • Divvy
  • KashFlow
  • ONE UP
  • Rydoo
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Top MYOB Alternatives and Overview

1

FreshBooks

FreshBooks is an intuitive accounting software that you can access from anywhere, with automatic upgrades.

By: 2ndSite Inc. From Canada
Based on 287 Votes
2

QuickBooks

QuickBooks is an online accounting software that you can access and manage from anywhere.

By: Intuit Inc. From USA
Based on 1464 Votes
3

Bonsai

Bonsai is an invoicing tool that does more than taking care of bills.

By: MTB Projects Corp.
Based on 10 Votes
4

Soldo

It is safe to say that you are running an organization, and you need to deal with your company and employee expenses.

By: Soldo
Based on 2 Votes
5

Expensify

Expensify is a software that helps individuals and organizations maintain a track of their expenses and related details in a simplified way.

By: Expensify
Based on 65 Votes
6

Receipt Bank

Receipt Bank is software for small-scale and medium-scale businesses to maintain logs without wasting paper.

By: Receipt Bank
Based on 11 Votes
7

Zoho Books

It features online payment, automatic workflow, multiple project management, expense tracking, banking and third-party integration...

By: Zoho Corporation Pvt. Ltd. From USA
Based on 39 Votes
8

Yendo

It features shared accountant access, sales invoices, purchase orders, recurring invoices, custom invoice templates, cash...

By: Yendo Limited From Ireland
Based on 2 Votes
9

Certify

The platform is deployed via the cloud and can be accessed by their employees using...

By: Certify
Based on 3 Votes
10

SAP Concur

The expenses maintained need not be confined to just a few official tasks as SAP...

By: Concur Technologies, Inc.
Based on 106 Votes
11

FreeAgent

It features all-in-one dashboard, professional estimates, good-looking invoice, simple expense tracking, better project visibility, time...

By: FreeAgent Central Ltd From UK
Based on 14 Votes
12

Divvy

The streamlining, in turn, helps organizations to cut back on unnecessary spending and bring more...

By: Divvy Inc.
Based on 14 Votes
13

KashFlow

It features intuitive UI, anywhere access, quick setup, data transfer, invoice creation, credit control, quotes...

By: KashFlow Software Ltd, From UK
Based on 11 Votes
14

ONE UP

By: ONE UP
Based on 2 Votes
15

Rydoo

Global giants like Swiss Air, Burger King, and Deloitte rely on Rydoo for managing their...

By: Sodexo
Based on 19 Votes

MYOB Review and Overview

What is MYOB?

MYOB is a financial service provided by an Australian Multinational Corporation. It was founded in 1991 and is now grown to provide services to over 1 million businesses.

It comes with a software solution for accountants and businesses. Their essential services include accounting, CRM, website builder, domain name hosting, and financial training services.

Intro to MYOB features

MYOB offers wide-ranging business solutions, as seen above. There is a range of categories that MYOB covers to aid all types of financial issues.

The first steps begin with the Accounting Software. The features of this accounting service are entirely exhaustive. It offers payroll tools, invoicing, taxes & GST, reports & budgets, and bills & expense management.

It also offers inventory management, cash flow management, bank reconciliation, and online accounting. Overall, the accounting solution is truly a one-stop solution for most of the financial stuff. It can also link with up to 300+ services.

The payment solutions include invoicing by MYOB, Kounta, and MYOB PayBy. Kounta is a POS system devised by MYOB for everyday businesses. PayBy is an online payment system by MYOB, with both gateway & merchant services, and an in-depth fraud protection.

For bigger businesses, MYOB offers comprehensive ERP software. The ERP software also comes in three packages, each serving its designated needs.

MYOB Advanced is full proof and personalized business management platform, whereas MYOB Exo is an ERP & HRM solution. For more details, MYOB Greentree is used. Together, these three ERP control finance, sales, and operations related job.

In all of the above services, MYOB uses an encrypted channel to offer full-proof secure channels. It has received full compliance from Risk Management Standards, PCI DSS, and is in sync with the Australian and New Zealand’s privacy laws.

With time, there are lots of acquisitions and mergers done by MYOB. Currently, MYOB is acquired by Kohlberg Kravis Roberts, an American global investment firm.

Conclusion

MYOB works best as a stable solution to mid-level business needs. It can be a bit handful for new users, and so it requires hands-on accounting experience. Other than that, MYOB works suitably for most businesses.

Company Information

Company Name: MYOB Technology Pty Ltd.

Company Address: Level 3 235 Springvale Road, Glen Waverley, Victoria, Australia

Founded in: 1980

Top Features

Core Features
  • Online Acccounting
  • Calculating GST
  • Tracking GST
  • Managing Quotes
  • Managing Invoices
  • Tracking and Paying Expenses
  • Managing Customers
  • Managing Purchase Orders
  • Working Offline
  • Local Backups
  • Multiple Accounts
Payroll
  • Paying and Tracking Employees
  • Electronically Reports
  • Job Tracking
  • Managing Employee Timesheets
  • Job Creation
  • Tracking Job
  • Tracking Profit and Loss
Inventory
  • Managing Items List
  • Tracking Inventory Levels