- Invoicing: Create, send, and track unlimited professional invoices and quotes, customizable for branding.
- Expense Tracking: Capture receipts via mobile app, categorize expenses, and monitor spending in real-time.
- Payroll Management: Automate payroll with Single Touch Payroll, handle superannuation, and ensure ATO compliance.
- GST and BAS Lodgement: Calculate GST accurately and lodge Business Activity Statements directly with the ATO.
- Inventory Management: Track stock levels, manage multiple warehouses, and monitor cost of goods sold.
- Bank Feeds: Connect bank accounts for automatic transaction imports and simplified reconciliation.
- Financial Reporting: Generate customizable reports like profit and loss, balance sheets, and cash flow statements.
- Job Costing: Track project expenses, labor costs, and profitability for accurate job management.
- Mobile App: Access invoicing, expense tracking, and Tap to Pay features on iOS and Android devices.
- Multi-Currency Support: Handle transactions in multiple currencies, available in higher-tier plans like AccountRight Premier.
- Timesheets: Record employee hours and integrate with payroll for accurate wage calculations.
- Payment Integration: Accept payments via Tap to Pay or integrated payment gateways for faster cash flow.
MYOB
MYOB simplifies business accounting, managing finances, payroll, invoicing, and tax compliance efficiently.
Updated July 27, 2026
MYOB Overview
MYOB (Mind Your Own Business) is a leading business accounting software designed for small to medium-sized enterprises. It streamlines financial management tasks, including invoicing, payroll, expense tracking, and tax compliance.
With user-friendly tools, MYOB offers real-time insights into business performance, automates bookkeeping processes, and supports integration with banking and other platforms, enabling efficient management of cash flow, inventory, and reporting for better decision-making.
Key Features
Pricing
| Plan Name | Standard Price (AUD) | Current Intro Offer | Key Features & Notes |
|---|---|---|---|
| Solo by MYOB | $11/month (or $99/year) | $5.50/month for the first 3 months, or $12 for the first year billed yearly | All-in-one mobile app for sole traders: invoicing, expense tracking, GST tracking, in-person payments with Tap to Pay. |
| MYOB Business Lite | $35/month (or $315/year) | $17.50/month for the first 6 months, or $94.50 for the first year billed yearly | Web-based, for sole traders and small businesses with up to 2 employees. GST tracking and BAS lodgement, up to 2 connected bank accounts, inventory and orders, payroll add-on at $3/month per employee (max 2). |
| MYOB Business Pro | $70/month (or $630/year) | $21/month for the first 6 months | For small to medium businesses with multiple employees. Unlimited connected bank accounts, sales orders, payroll for unlimited employees at $3/month per employee. |
| MYOB Business AccountRight Plus | $165/month (or $1,485/year) | $66/month for the first 3 months | Desktop and web hybrid for established businesses. Unlimited payroll at no extra cost, unlimited inventory, time billing, priority support. AccountRight Premier adds multi-currency and a second business. |
| MYOB Business Payroll Only | $15/month | $2/month for the first 3 months | Standalone payroll for up to 4 employees: pay runs, Single Touch Payroll reporting to the ATO, automated superannuation. |
All prices in Australian dollars (AUD) from MYOB’s Australian site.
Pricing source: https://www.myob.com/au/pricing
Pros
| Competitor | Pros of MYOB |
|---|---|
| Xero | MYOB Business Pro at A$70 a month runs payroll for unlimited employees at A$3 per employee, and the AccountRight Plus tier includes unlimited payroll at no extra charge, plus timesheets, rosters and stocktake. Xero’s Australian plans meter payroll by headcount: Ignite at A$37 covers one person and Grow at A$78 covers two. AccountRight Plus also runs on the desktop as well as the browser. |
| QuickBooks | MYOB prices in Australian dollars across five options, from Solo at A$11 to AccountRight Plus at A$165, plus standalone Payroll Only at A$15 for up to four employees. QuickBooks Online AU runs A$33 to A$125 and caps users at one, three, five and 25 by tier, while MYOB allows unlimited user profiles from Lite upward. Single Touch Payroll, automated superannuation and BAS lodgement to the ATO are built in. |
| Zoho Books | Inventory goes further here: order and supplier management from Lite, unlimited sales orders on Pro, and stocktake with unlimited inventory on AccountRight Plus. Zoho Books AU charges per organization from A$16.50 and holds bin location tracking for its A$181.50 Elite plan. Job tracking and bill by time on AccountRight Plus also give project heavy businesses cost visibility without another subscription. |
| FreshBooks | MYOB keeps a full ledger with bank feeds, job costing and inventory behind it, where FreshBooks runs US$23 to US$70 a month as an invoicing first tool and charges US$11 a month per extra team member. Solo at A$11 covers a sole trader from a phone, with Tap to Pay and an in app business bank account. Move up and the same product handles payroll, stock and rosters without a migration. |
| Sage Business Cloud | MYOB publishes its Australian price list in full, every tier from the Solo app up to AccountRight Plus, and lodges BAS and superannuation directly with the ATO. Sage’s Australian site now leads with Sage Intacct and shows no AUD price list, so budgeting there starts with a sales conversation. MYOB also spans a phone only app, a browser product and the AccountRight desktop line, so you can pick the shape that fits. |
Cons
| Competitor | Cons of MYOB |
|---|---|
| Xero | Payroll costs extra on the plans most small businesses actually buy: A$3 per employee a month on Lite, which is A$35 and capped at two employees, and on Pro at A$70. Xero includes payroll for one person in its A$37 Ignite plan and for two in Grow. Users also describe Xero as the smoother, more modern interface, particularly when an accountant works in the file at the same time. |
| QuickBooks | MYOB’s advertised rates are introductory: Lite shows A$17.50 a month for six months before returning to A$35, and AccountRight Plus shows A$66 for three months before A$165. QuickBooks Online AU opens at A$33 with a lower list price through the middle tiers and a wider app catalog. Solo is also single user and mobile only, tracking GST without lodging BAS. |
| Zoho Books | Zoho Books AU has a free tier at A$0 for low revenue businesses and starts paid plans at A$16.50 a month, under half of MYOB Lite. Unlimited inventory on Lite or Pro is a A$22 a month add on, and multiple currencies only appear in AccountRight Premier. For a light user, MYOB asks for more money and more setup. |
| FreshBooks | For a freelancer sending a few invoices, Solo has no payroll at all, and the plans that do carry it start at A$35 with a per employee fee on top. FreshBooks keeps client billing, time and projects in one simple product with none of the compliance machinery. MYOB’s depth turns into configuration you may never use. |
| Sage Business Cloud | MYOB’s price list is Australian and the product is built for Australia and New Zealand, so entities elsewhere need something else, and running a second business requires AccountRight Premier. Sage feels more utilitarian to some users, but it reaches many more markets. Stocktake and bill by time also sit only on AccountRight Plus, which keeps the cheaper plans basic. |
Reviews
- Trustpilot Review (Rating: 1.3/5): Recent reviewers overwhelmingly target support and billing. One wrote “Can never speak to a human, go to chat online wait 1.5hours” after a free trial was charged despite cancellation, and another said they “waited 3.5 hours” on the support line while migrating offline files after MYOB announced in May 2026 that offline files would no longer receive upgrades.
- Software Advice Review (Rating: 3.8/5): MYOB Business keeps everything organized in one place and makes monthly financial reviews straightforward, with users praising simple payroll and “accurate and real time reports.” Some note it gets expensive over time, struggles with integrating other platforms and apps, and includes features that feel tricky at first, such as entering a TFN.
- G2 Review (Rating: 3.7/5): The user-friendly interface earns praise for simplifying accounting tasks and boosting productivity, with multiple comments highlighting how easy the system feels to navigate.
- TechRadar Review (Rating: 4/5): The streamlined product range suits small businesses with “ever-changing needs,” and the simplified lineup makes it easier for growing companies to pick the right fit.
- Capterra Review (Rating: 3.8/5): Strong permission controls let administrators add specific access levels for individual users, and accountants say MYOB remains one of the easiest systems for fixing client mistakes and handling bank reconciliation, even if recent changes made reconciliation “much worse.” Others criticize high pricing, an interface that feels like a “20 year old version of Windows,” and customer support that several describe as non‑existent.
- Gartner Review (Rating: 3/5): The cloud-based setup allows easy web access and lets teams pull budgets or reports within minutes after setup, plus it handles large volumes of data better than manual processes. At the same time, its complexity makes it hard to use without guidance and complicates error correction.
- Reddit r/AustralianAccounting: Several accountants label AE/AO “atrocious” and slam MYOB customer service as nearly impossible to reach, with phone support that passes issues between teams and a “poor at best” transition to online forms for activity statements; others stick with it only because switching practice management systems feels too disruptive for established firms.
