How to Choose the Right MYOB Software for Your Business

Your Guide to buying the best MYOB


The MYOB buying guide is designed to help buyers understand the features and capabilities of MYOB software and make an informed decision on which version is best for their business. This guide will provide an overview of the different versions of MYOB, including their features, cost, and capabilities, and provide tips on how to choose the appropriate version for their business. Additionally, this guide will discuss the different support options available for MYOB and how to make the most of the software.

Key features

  1. Product type – What version of MYOB are you looking for? Do you need a single-user version for one computer, or a multi-user version that can be shared across multiple devices?
  2. Price – The cost of MYOB will vary depending on the version you choose. Consider your budget and what additional features you may need.
  3. Features – Depending on the version you choose, MYOB may offer features like inventory tracking, payroll, and reporting. Consider the features you need to help manage your business.
  4. Integration – MYOB can be integrated with other applications like Xero, Microsoft Office, and accounting software. Consider if any of these integrations are important to your business.
  5. Usability – MYOB is designed to be user friendly, but consider if you require any additional training or support to get started.
  6. Support – MYOB offers multiple levels of support, ranging from online tutorials to live support options. Consider if a higher level of support is necessary for your business.

See the most popular MYOB on Amazon

Important considerations


  • Easy to Use - MYOB is designed to be user-friendly, with a simple interface that is easy to navigate and understand.
  • Flexibility - MYOB is highly customizable, allowing users to tailor their experience to their own needs.
  • Secure - MYOB is compliant with all relevant data security and privacy laws and regulations.
  • Integrations - MYOB can be integrated with a wide range of other software, allowing users to connect all of their systems into one platform.
  • Customer Support - MYOB offers excellent customer support, with a help center, online tutorials, and phone support.
  • Scalability - MYOB can be scaled to meet the needs of any size business, from small operations to large multinationals.


  • Cost: MYOB is a paid software and can be costly for some users.
  • Complex: MYOB is a complex system that can require a lot of learning and setup.
  • Frequent Updates: MYOB releases frequent updates that can be disruptive to existing users.
  • Limited Features: MYOB has limited features compared to some other accounting software solutions.
  • Data Security: MYOB may not provide the same level of data security as some other software solutions.

Best alternatives

  1. Xero - Accounting software that helps small businesses manage their finances from any device.
  2. QuickBooks - Online accounting software with tools to manage invoices, track inventory and expenses, and more.
  3. FreshBooks - Cloud-based accounting software for small businesses, with a focus on invoicing.
  4. Wave Accounting - Easy-to-use online accounting software aimed primarily at self-employed people and small businesses.
  5. FreeAgent - Online accounting software that helps small businesses manage their finances, payroll, and taxes.

Related tools, supplies, and accessories

  • MYOB AccountRight Plus Software - Comprehensive business management software solution for medium to large enterprises.
  • MYOB Essentials Software - Accounting software solution designed to help small businesses manage their finances.
  • MYOB Tax Software - Software solution to help businesses calculate, file, and pay their taxes.
  • MYOB Online Services - Web-based platform that allows businesses to manage their finances in the cloud.
  • MYOB Mobile App - iOS and Android app that allows businesses to access and manage their accounts on the go.
  • MYOB Support Services - Comprehensive online and telephone support services offered by MYOB to assist businesses with their accounting and tax requirements.

Common questions

  1. What features does MYOB offer? MYOB offers a variety of features including accounting and payroll software, business tools, customer relationship management, reporting and analytics, and a cloud-based platform.
  2. What types of businesses can use MYOB? MYOB is suitable for businesses of all sizes, including small businesses, freelancers, and larger organisations.
  3. What editions of MYOB are available? MYOB is available in three editions – Essentials, AccountRight, and Tax. Each edition offers different features and is designed for different types of businesses.
  4. How much does MYOB cost? MYOB pricing plans vary depending on the edition you choose. Essentials is available for a monthly fee, while AccountRight and Tax have an upfront cost.
  5. How secure is MYOB? MYOB uses a range of security measures to keep your data safe, including encryption, two-factor authentication, and secure cloud storage.
  6. Is MYOB easy to use? MYOB is designed to be simple and intuitive for users of all levels of experience. It also includes a range of tutorials and support options to help you get started.


In 2019, MYOB introduced a new product called ‘The AccountRight Canned Laughter System’. This system created a fun way to encourage its staff to lighten up and relax during stressful days. The system consists of a range of sound effects, from hearty laughs to silly noises, that are triggered when staff reach certain goals. MYOB staff from across the country have embraced the system, with some saying the laughter has helped with morale and overall productivity. Source:

Disclaimer: This buying guide was not created by humans, and it is possible that some of it's content is inaccurate or incomplete. We do not guarantee or take any liability for the accuracy of this buying guide. Additionally, the images on this page were generated by AI and may not accurately represent the product that is being discussed. We have tried to convey useful information, but it is our subjective opinion and should not be taken as complete or factual.