What is MYOB used for?

MYOB is accounting, payroll and business management software popular with small businesses and accountants in Australia and New Zealand. It is a good fit for australian sole traders handling admin and payments, small businesses running payroll and invoicing, and accountants managing client files.

How much does MYOB cost?

Paid plans for MYOB start at A$15 per month, and there is no free plan. A free trial is available.

No. MYOB is proprietary (closed-source) software. Open-source alternatives to MYOB include Akaunting, GnuCash and Bigcapital.

What are some alternatives to MYOB?

MYOB competes with Xero, QuickBooks and Sage Intacct. For open-source options, see Enlisted's ranked list of open-source MYOB alternatives.

MYOB: features, pricing and alternatives

About MYOB

MYOB is a long-standing accounting software provider serving sole traders, small and medium businesses, and accountants and bookkeepers, mainly in Australia and New Zealand. Its products cover invoicing, accounting, payroll and tax-related tasks from a browser or mobile app.

The range includes Solo by MYOB, a mobile app for sole traders that now includes banking, MYOB Business Lite for sole traders and small businesses with a few employees, Business Pro for small to medium businesses, a Payroll Only plan, and AccountRight Plus and Premier for established businesses with payroll, inventory, multiple locations, jobs or currencies. An AI-powered BAS preparation feature is in beta, and a separate MYOB Practice product serves accounting firms.

MYOB is proprietary software delivered as a hosted service, with a free trial advertised. The vendor also runs an academy, community and customer guides, and its pricing varies by product and country.

Key features

Invoicing from any device
Accounting and bookkeeping
Payroll for small teams
Inventory and job tracking in higher tiers
AI-assisted BAS preparation (beta)
Practice management for accountants

Good fit for

→Australian sole traders handling admin and payments
→Small businesses running payroll and invoicing
→Accountants managing client files

Tags: accounting; payroll; invoicing; australia; new-zealand; small-business; bookkeeping

MYOB: questions and answers

What is MYOB used for?: MYOB is accounting, payroll and business management software popular with small businesses and accountants in Australia and New Zealand. It is a good fit for australian sole traders handling admin and payments, small businesses running payroll and invoicing, and accountants managing client files.
How much does MYOB cost?: Paid plans for MYOB start at A$15 per month, and there is no free plan. A free trial is available.
Is MYOB open source?: No. MYOB is proprietary (closed-source) software. Open-source alternatives to MYOB include Akaunting, GnuCash and Bigcapital.
What are some alternatives to MYOB?: MYOB competes with Xero, QuickBooks and Sage Intacct. For open-source options, see Enlisted's ranked list of open-source MYOB alternatives.