MYOB

Australian and New Zealand accounting and payroll since 1991

Overview

MYOB is an Australian business software company that has served businesses in Australia and New Zealand since 1991, and says it has helped hundreds of thousands of organisations manage their finances[9]. Its products range from a mobile app for sole traders to AccountRight Plus for established businesses and an ERP line for mid-sized enterprises[9].

Australian plans include Solo, a mobile app for sole traders at A$99 a year after an introductory offer; MYOB Business Lite, for sole traders and small businesses with up to two employees, at A$315 a year; and MYOB Business Pro, for businesses with multiple employees, at A$70 a month, with a 14-day free trial; payroll costs an extra A$5 a month per employee on Lite and Pro[8]. Lite and Pro include tracking of GST and lodgement of the Business Activity Statement, and MYOB has introduced an AI BAS tool in beta that prepares BAS continuously during the quarter[8][9].

MYOB is a strong choice for Australian and New Zealand compliance and payroll. It has little relevance outside those two countries.

MYOB features

  • GST tracking and BAS lodgement
  • AI BAS preparation (beta)
  • Payroll for unlimited employees on Pro
  • Inventory and sales orders
  • Solo mobile app for sole traders

MYOB pricing

Solo: A$99/year after offer. Business Lite: A$315/year after offer (up to 2 employees). Business Pro: A$70/month after offer; 14-day free trial. Payroll A$5/month per employee. AccountRight Plus also offered.

MYOB strengths and limitations

Strengths

  • Strong local tax and payroll compliance
  • Range from sole trader to mid-market
  • AI-assisted BAS

Limitations

  • Limited to Australia and New Zealand
  • Payroll charged per employee
  • Introductory pricing differs from ongoing price

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