About MYOB Essentials

MYOB Business accounting software is designed to help businesses of any size across Australia and New Zealand take care of GST, invoices, reporting, expenses & payroll (including Single Touch Payroll). Designed to save time, increase productivity, and stay up to date with ATO obligations. MYOB Business is the fast and easy way to manage your cash flow and ATO compliance requirements. Say goodbye to cashflow headaches with time saving features to help take care of the day-to-day bookwork. Try free for 30 days today.
MYOB Essentials Software - Create invoice
MYOB Essentials Software - Dashboard
MYOB Essentials Software - GST report
MYOB Essentials Software - In tray
MYOB Essentials Software - Pay run
MYOB Essentials video
MYOB Essentials Software - Create invoice - thumbnail
MYOB Essentials Software - Dashboard - thumbnail
MYOB Essentials Software - GST report - thumbnail
MYOB Essentials Software - In tray - thumbnail
MYOB Essentials Software - Pay run - thumbnail

MYOB Essentials pricing

MYOB Essentials does not have a free version but does offer a free trial. MYOB Essentials paid version starts at A$10.00/month.

Starting Price:
A$10.00/month
Pricing Details:
Payroll: $10.00 / month Business Lite: $12 / month Business Pro: $25.00 / month AccountRight Plus: $60.00 / month AccountRight Premier: $75.00 / month 50% off for 3 months - excluding Payroll. Try free for 30-days.
Free Version:
No
Free trial:
Yes

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MYOB Essentials Reviews

Feature rating

Value for Money
3.5
Functionality
3.5
Ease of Use
3.5
Customer Support
3.5
5 reviews of 86 View all reviews
Katrina R.
  • Industry: Accounting
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
5
Customer Support
4

5
Reviewed on 07/11/2018

Solid product for small business

Has been around for a long time. Tried and tested and is a great product. Starting to price a little higher but still competitive - especially if you have employees.

Pros

Easy to use and well laid out for the end user. Is great for small operations without complex needs.

Cons

Whilst bank rules are very handy - the auto reconciling of transactions can cause problems if rule set up incorrectly. Would be great if there was an option to make bulk transaction changes.

Joanne R.
  • Industry: Information Technology & Services
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 23/02/2021

MYOB - easy to use, does what you need

Offers features that I need to do to manage the Company Financials. Support has been great and responsive.

Pros

MYOB is intuitive for the user to use, easy to use, simple to setup, has all the features you need to manage the Company finances. Also when regulation changes it quickly incorporates those changes and explains easily how to use the feature.

Cons

MYOB can get quite slow around EOFY - needs more grunt put in place around these times for cloud hosting. There is no live chat within the application for support.

Alternatives Considered

Xero

Reasons for Switching to MYOB Essentials

Pricing and easier to use.
Lee P.
  • Industry: Construction
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
2
Features
3
Ease of Use
4
Customer Support
2

3
Reviewed on 22/05/2017

The software is good for a small entity but once you grow and need more detail it becomes a...

For a small firm with limited reporting requirements it is okay but for any jobs with Work Breakdown Structure requirements it comes up short and becomes a limiter for the company. I get very frustrated with the after sales support system. It is not customer focused and leaves you wondering why you pay for it.

Pros

Good basic internal controls so novice bookkeepers can run day to day.
Easy to install and set up.
Reasonably cheap for what you get.
Handles GST well.

Cons

Not the best for Job costings.
Payroll system ordinary serious reporting drawbacks as far as information flow to the General Ledger.
Tends to freeze in reporting production which can lock out users.
Support service is very poor, you get the feeling the staff could care less in resolving issues.
Interactive screen supports not used you have to send a file and wait for a response.
Wait time on the phone for support is very bad.

Paul T.
  • Industry: Telecommunications
  • Company size: 2-10 Employees
  • Used for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
4

4
Reviewed on 30/06/2021

MYOB for Tradies

I had little to do with the software save reading my payslips and annual payment summary. These werre accurate and easy to read.

Pros

I received my payslips from the office and they were done on MYOB. They were easy to read and showed everything necessary

Cons

There was no app for my to use at the time to record timesheet activities. I had to make a google spreadsheet and email it. If I had an app then my pays would be uploaded and so less mistakes would have occurred.

Joe B.
  • Industry: Computer Software
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source
Value for Money
5
Features
3
Ease of Use
5
Customer Support
5

4
Reviewed on 29/12/2020

Manual System Converted into Digital

MYOB has changed the way we work, simplifies book keeping to take away so much pain

Pros

- Easy to signup and simple setup to get things started
- Pricing - Special offer for new start ups
- Invoice reminders
- Invoice templates look very professional
- Invoice shows when customer / vendor have viewed (SUPER HELPFUL)
- Intray for emailing receipts and tracking

Cons

- Not being able to invoice in multiple currencies, have to workarond this by invoicing in the charable foreign currency then after payment is recieved adjusting the template to the local amount that is received.

Alternatives Considered

Xero

Reasons for Choosing MYOB Essentials

Made the switch from doing everything the slow manual way! Can never turn back now

Reasons for Switching to MYOB Essentials

Price and special offer for new startups

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