MYOB: Business Management and Accounting Software
MYOB helps sole operators and businesses of various sizes manage their accounting and payroll. It is designed for users needing automated tax reporting and inventory management.
At a glance
- Category
- Finance & Accounting
- Best for
- Sole operators, Small business owners, Mid-market companies, Enterprise companies, Accountants and bookkeepers
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- Tax Preparation, Employee Pay Management, Stock Control, Daily Admin for Sole Traders
- Official website
- www.myob.com
MYOB is a business management suite designed for users in Australia and New Zealand, ranging from sole traders to larger enterprises. The software supports financial tasks such as invoicing, expense tracking, and cash flow management via browser-based access and mobile apps.
For those managing staff, the tool supports payroll with automated superannuation and Single Touch Payroll reporting to the ATO. It also includes inventory and job tracking features to help businesses monitor stock and profitability.
Buyers should note that different versions exist depending on business size, such as Solo for sole traders and AccountRight Premier for organizations with multiple locations. Since it is tailored for specific regions, buyers outside Australia and New Zealand should verify local compliance support.
Key Features
Supports creating branded invoices with templates and automated payment reminders.
Supports pay runs with automated superannuation calculations and Single Touch Payroll reporting.
Tracks stock levels and provides stock reports to help monitor sales and ordering.
Supports GST tracking and provides pre-filled Business Activity Statements (BAS).
Includes tools for managing bills, expenses, and reconciling bank transactions.
Provides insights into individual jobs to help identify profitable work.
Use Cases
Using automated GST tracking and AI BAS (beta) to support the preparation of Business Activity Statements.
Managing pay runs and reporting superannuation and tax directly to the ATO.
Tracking inventory levels and monitoring sales to inform re-ordering decisions.
Using the Solo app to handle banking and payments.
Best For
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
It is designed for Australian and New Zealand businesses, including sole operators, small to medium businesses, enterprise companies, and accounting practices.
Yes, MYOB provides apps for iOS and Android, and offers a specific mobile app called Solo for sole operators.
AI BAS is a beta feature designed to assist with background admin and data preparation for lodging Business Activity Statements.
The software is offered with no lock-in contracts, which allows users to cancel their plans without cancellation fees.
Source category: Finance & Accounting
Source subcategory: ERP
