MYOB Accounting Review - why 4 stars?

Shlomi Lavi / updated: May 09, 2022

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What is MYOB Accounting?

MYOB AccountRight is an accounting management solution for small and medium businesses. Its capabilities include tax management, billing and invoicing, contact management, reporting, and others. The software was designed and launched by MYOB Technology Limited headquartered in Victoria, Australia.

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Who is it best for?

Customers of the software include small and medium businesses of a variety of types. Most commonly it can be used by accountants and other financial services, but can also be used for accounting management in other industries. Some notable clients of the software include Kinetic Maintenance Engineering Services, Kruizey Kidz, Habitat Group, and others.

Main features and functionalities

MYOB AccountRight offers core accounting capabilities of accounts payable and receivable management, general ledger, and time and expense management. It facilitates creation of instant reports on PAYG and GAST and also tracks all asset write offs and depreciation. Supplier ABNs are corrected with automatic ANB validation to avoid disruptive ATO audits.

MYOB AccountRight facilitates creation of personalized quotes and their conversion into invoices. It also offers auto bank account reconciliation to match bank transactions with the actual sales, expenses, and payments. Other important capabilities include fixed asset management, general ledger, tax management, automated transactions, credit card processing, profit and loss statements, and others.

What is the actual cost?

The cost of license starts at $12 per month. ITQlick pricing score is 2 out of 10 (10 is most expensive). Access ITQlick pricing guide for MYOB Accounting. You can also find here pricing information from MYOB Accounting's website.

How it stacks up?

Access a head to head analysis of MYOB Accounting vs alternative software solutions.

Frequently Asked Questions (FAQs)