AI TOOL PROFILE
MYOB: Business Management and Accounting Software
- Finance and Accounting
- ERP
- 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.
At a glance
- Best for
- Sole operators, Small business owners, Mid-market companies, Enterprise companies, Accountants and bookkeepers
- Key use cases
- Tax Preparation, Employee Pay Management, Stock Control, Daily Admin for Sole Traders
- Official website
- Visit myob accountright api official website
How AI is used
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
Invoicing and Quotes
Supports creating branded invoices with templates and automated payment reminders.
Payroll Automation
Supports pay runs with automated superannuation calculations and Single Touch Payroll reporting.
Inventory Management
Tracks stock levels and provides stock reports to help monitor sales and ordering.
GST and BAS Automation
Supports GST tracking and provides pre-filled Business Activity Statements (BAS).
Financial Reporting
Includes tools for managing bills, expenses, and reconciling bank transactions.
Job Tracking
Provides insights into individual jobs to help identify profitable work.
Use Cases
Tax Preparation
Using automated GST tracking and AI BAS (beta) to support the preparation of Business Activity Statements.
Employee Pay Management
Managing pay runs and reporting superannuation and tax directly to the ATO.
Stock Control
Tracking inventory levels and monitoring sales to inform re-ordering decisions.
Daily Admin for Sole Traders
Using the Solo app to handle banking and payments.
FAQ
Who is MYOB designed for?
- It is designed for Australian and New Zealand businesses, including sole operators, small to medium businesses, enterprise companies, and accounting practices.
Does MYOB have a mobile app?
- Yes, MYOB provides apps for iOS and Android, and offers a specific mobile app called Solo for sole operators.
What is AI BAS in MYOB?
- AI BAS is a beta feature designed to assist with background admin and data preparation for lodging Business Activity Statements.
Are there any long-term contracts with MYOB?
- 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
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