MYOB Acumatica Reviews

Pros

MyOB Advanced offers a lot of modular but integrated accounting functionities, easy to use and comes with real time cloud base activities. You can accomplish any accounting tasks that deal with your team and clients anywhere and anytime.

Cons

MyOB Advanced ease complications of any accounting system, that's why the UI design should developed to be more intuitive and user friendly.

Pros

Integration with Velixo is a big plus. The write back and drill down features enable us to complete the accounting / reporting a lot quicker. -Updating budgets is much easier now. Velixo has provided a full suite of customized reports by refreshing data and changing date filters.-A key strength of the fixed asset module is that we can attach things like CAPEX approvals, quotations etc to the fixed asset record.

Cons

The fixed assets forces the user to enter a useful life even for RB assets. There's also not validating tool prior to import, so when you set this up in MYOB you need to keep re-importing. We had some initial difficulties with inter-entity transactions which was only overcome with customisations and some protocols being put in place.

Alternatives Considered

Reasons for Choosing MYOB Acumatica

Reasons for Switching to MYOB Acumatica

Pros

It is cloud based and simple to access over web browers. Looks like it does most things well to run our business.

Cons

It was a complex job to get the system running smoothly, probably taking around 6 months. We migrated from MYOB EXO which was a good product but we felt it was outdated and increasinly poorly supported by MYOB. We understood from our local implementation partner that MYOB were applying a lot more resources to Advanced and it would be their go-to mid tier product going forward.

Pros

I am able to extract data very easily through Odata and have been able to set up useful API integrations with other software. It is also easy to create my own reports using Generic Inquiries. These work very similar to how a pivot table works and I am able to customize to bring in the data fields I want to see.

Cons

Sometimes being a proper accounting software i find some users find it difficult to understand and are overwhelmed by the features. However if being used by an accountant and with consultation with MYOB customer service this can be overcome to make reports and data points that all users can find useful.

Pros

Good, reliable software for accounting and payroll. Integrates well with our timesheet and rostering App (Deputy). Product support is generally very good and has extended hours.

Cons

A few things are not very intuitive, eg I wanted to run a report showing how much we've spent with a certain supplier over the past year. The information wasn't where you'd expect it (in their card file). There are a couple of ways to get this info but I had to call support to find out. Also, we don't typcially generate invoices but when I needed to do one, I found it quite difficult to format it how I wanted it and to find out how to provide bank details instead of credit card info for payment.

Alternatives Considered

Reasons for Switching to MYOB Acumatica

Pros

The thing I like the most about MYOB Advanced is its ease of use and vast feature set. The Cloud base feature is very helpful.

Cons

The thing I like the least about MYOB Advanced is its pricing, which can be reduced. Also, for a new customer, it is very overwhelming with all the features and mostly require a training to get hold of.

Alternatives Considered

Reasons for Switching to MYOB Acumatica

Pros

Something key I enjoyed most about MYOB is the capacity to utilize it on a cell phone through their android application. This makes things significantly simpler for me as I can post the exchange in a hurry without essentially having my PC around. Contrasted with other bookkeeping apparatuses, estimating is very sensible for the worth you get.
Apart from that, the financial reports are much easier to grab attention at any time, as the report is very clear in understanding and the structured way it was build in advance is just amazing!

Cons

It requires a slight comprehension of a vital arrangement of ideas to not get overpowered from the outset. Albeit, when you get a hang of it, it'll be perhaps the main pieces of the manner in which regular monotonous assignments are done rapidly in the association. Another least I would experience is the invoice part, The features are quite limited to organized the invoice structure.

Pros

MYOB is the ultimate - I love this program. After initial set up, you can pull up any credit or debit, create reports, budgets - it is endless what information you can gain in only minutes where manually, would take you hours if not more. It is quite easy to use and to get the most out of your purchase, I would recommend attending a training course on it.

Cons

Without training, you might find it a little intimidating and confusing but if you are only wanting it for accounts record keeping and not invoicing or payroll, you could learn as you go.

Pros

Well, I am with MYOB but thought it will be of value for manufacturers to better understand our offer. Our platform is the world's fastest growing cloud ERP....but also seems to be one of the best kept secrets. MYOB Advanced Manufacturing is Acumatica Manufacturing for customers with ambition in the AU/NZ regions. Locally, we develop for compliance and the functionality our customers have come to expect from MYOB with expensive services and support teams.

Cons

...that mid-market customers believe MYOB is limited to small business accounting software...we are so much more.

Pros

The simplicity of use is wonderful. It's easy to navigate around and find all the transactions and reports needed. It produces a monthly and yearly set of accounts with a breeze.

Cons

I wish it would tally the Aged Trial Balance between the "profit and loss" portion and the "balance sheet" portion. I always have to do that manually, as a double check.

Pros

Our business Equipment Dealership, import, sell and offer aftersale care over the life of the machine, some projects, we needed a project management module that our Dealer Management System did not provide, MYOB ERP Advance looked to have everything we needed. Added benefit was an upgrade to our AP & AR and payroll.

Cons

In the Automotive & Equipment industry, inventory management is the backbone of the company, repairing vehicles and machinery always requires an accurate and easy functioning warehouse. Unfortunately, MYOB ERP Advanced "Acumatica" hasn't worked this industry out. The receivables and release to customers for imported one-off or low-volume replacement parts as a very awkward workflow that is counterproductive unless you spend a lot of $$$$ on customisation. If you are an importer that requires a customer-driven backorder out-of-stock resolution workflow, I suggest not looking at MYOB ERP Advanced.

Pros

One key thing I liked most about MYOB is the ability to use it on a smartphone through their android app. This makes things a lot easier for me as I can post the transaction on the go without necessarily having my computer around. Compared to other accounting tools, the pricing is quite reasonable for the value you get.

Cons

Some bit of this software is slightly complicated a good example being an inventory system and this always calls for some training before work can use.

Alternatives Considered

Reasons for Choosing MYOB Acumatica

Switched From

Reasons for Switching to MYOB Acumatica

Pros

I used it at all times so I am able to use it easily.

Cons

Hard to reach customer services ie. waited for 1 hour. Subscription cancellation is not fair to the customer. It had been advised to give some period notice for a cancellation in subscription. Subscription increases substantially each and every year with less and less benefits to old and long term customer.

Alternatives Considered

Reasons for Switching to MYOB Acumatica

Pros

The reporting functionality. The number of parameters available to extract data.

Cons

There is no Sales or Purchases area? TERRIBLE. A number of the reports are so poorly laid out they are worthless. You can't delete or amend a transaction - so inefficient.

Pros

Our Rostering & Timesheet software also integrates with MYOB. This is a fantastic feature and saves so much time. Cross checking is simple and easy. Tracking of leave is also great, and alerts if there is not enough leave.

Cons

That Accumulation for TOIL needs to be adjusted manually and can get missed. Not being able to see how much leave a person has without printing a report whilst conducting the timesheet checks.

Pros

Fixed Asset Module and depreciation ability is very useful along with Velixo report integration. Great ability to create and report upon cost centers. Strong reporting function, although difficult to create reports without the expertise of the support center.

Cons

Very difficult to fix errors. No ability to delete or amend which is inefficient. Initially difficult to navigate and contains arguably more steps that required to process/apply a simply payment.

Pros

It is linked with the GL. Inbuilt taxation settings. Easy STP reporting.

Cons

For MYOB Pay Super only one company can register.

Pros

The software is easy to use and the development is ongoing so the functionality is getting better every day. The ability to auto-link and reconcile has been a game-changer for us.

Cons

There is no phone app available for reconciliation

Alternatives Considered

Reasons for Switching to MYOB Acumatica

Pros

Used this daily for accounting job. Easy to use and able to generate required information quickly.

Cons

I do understand that updates are required to exchange the functionality, but the updates are too frequent (maybe it’s just for me)- and require to install new version on each update.

Pros

The greatest thing I loved about this product was its cloud base feature. I was also able to streamline my business effectively.

Cons

Pricing can be reduced a bit. This would help small businesses to get on board

Alternatives Considered

Pros

The function keys are assembled in a easy way in this MYOB Advance. It helps the users to make their activity easy and quick.

Cons

Auto save and recovery after a power cut is bit confusing which documents have been saved by which name, if we have opened so many unsaved new documents at the same time.

Pros

the functionality of the software has remained reasonably the same for many many years - this makes life easy when going in to do some work

Cons

The cloud feature needs to be improved to become a full cloud software rather than a shared file in the cloud

Pros

The software contains most impactful features like:-
- Cloud-Based
- Real-time data reports
- Easy to use
- Easy to navigate and find any report or information needed
- Generates credit. debit and reports quickly

It contains the payroll features too. The mobile app makes it access it on the go.

Cons

The only con, I found in this product is the price. The price is little bit high for small businesses to get MYOB Advanced.

Pros

MYOB Advanced is a great accounting software. It's cloud-based, has a clean and easy-to-use UI, real-time data reports, and a handy mobile app for entering data on the go. It works well for beginners and advanced user alike.

Cons

I've been using MYOB Advanced for a few months now and haven't come across any major problems. However, I've also noticed the very frequent updates that other users have mentioned. The updating process doesn't take a lot of time, but it does cost me time because every time the software updates, I have to wait until it's done before I can use it. I wish the updates could run in the background or could be scheduled to once a week only.

Pros

I recently switched to MYOB from another accounting software, and I have to say, I'm really impressed. The interface is incredibly user-friendly, and it takes just a few minutes to get started.In addition, the features offered by MYOB are comprehensive and well-organized. I found it easy to navigate between different modules and to find the information I was looking for.Overall, I highly recommend MYOB to small and medium businesses who are looking for an excellent accounting software that is easy to use.

Cons

It does take a little bit of time to get used to.