Overview
MYOB is australia's original business management platform. Founded in 1991 and headquartered in Melbourne, VIC, it serves Australian businesses with local data hosting and AU-based support.
Australia's original business management platform
AU Compliance Scores
BAS Lodgement5/5
STP Phase 25/5
Payday Super5/5
Modern Awards3/5
GST Handling5/5
Bank Feeds5/5
Modern Awards NoteMYOB updates award libraries when Fair Work changes rates, but changes must be manually re-applied to employee setup. Deep award interpretation (auto-calculation of penalty rates, overtime, and allowances) requires third-party add-on like QuokkaWorks Award Interpreter from the MYOB marketplace.
Pricing (AUD inc. GST)
All prices below are in Australian dollars and include GST. Pricing verified as of 2026-03-17.
Lite
$35/mo
AUD inc GST
Entry-level accounting for sole traders and micro businesses. Unlimited invoices and basic bill tracking. No payroll included — add payroll for $3/employee/month.
- Invoices: unlimited
- Bills: basic
- Bank Reconciliation: Yes
Most Popular
Pro
$70/mo
AUD inc GST
Most popular MYOB plan — unlimited invoicing, bills, and bank reconciliation with payroll for unlimited employees included. Payroll covers STP Phase 2 and super management.
- Invoices: unlimited
- Bills: unlimited
- Bank Reconciliation: Yes
AccountRight Plus
$165/mo
AUD inc GST
Full-featured plan for larger businesses — adds multi-currency, advanced inventory management, time billing, and job tracking. Previously known as AccountRight.
- Invoices: unlimited
- Bills: unlimited
- Bank Reconciliation: Yes
- Multi Currency: Yes
- Inventory: Yes
- Time Billing: Yes
Payroll add-on $3/employee/mo. Payroll add-on available for Lite plan at $3/employee/month. Included free on Pro and AccountRight Plus.
Pros & Cons
Pros
- Australian phone support at 1300 555 666 (Mon-Fri 7am-7pm AEST) — Xero doesn't offer this
- Payroll for unlimited employees included in Pro plan ($70/mo) — no per-employee add-on cost
- 130+ Australian bank feed connections — one of the broadest coverages available
- Direct BAS lodgement to ATO via Standard Business Reporting (SBR)
- Payday Super already available to switch on ahead of the July 2026 deadline
- Genuinely Australian-owned, Australian-hosted, Australian-supported
- 14-day free trial to test before committing
- Annual billing discount available (e.g., Pro drops from $70 to $52.50/mo)
Cons
- Smaller app marketplace (350+ vs Xero's 1,000+) — fewer third-party integrations
- Modern Award interpretation requires third-party add-on (QuokkaWorks) for full automation
- AccountRight Plus is expensive at $165/mo for multi-currency and inventory features
- UI feels less modern and polished compared to Xero
- Market share declining — now approximately 20-25% vs Xero's dominant position
- Shorter free trial (14 days vs Xero's 30 days)
Bank Feed Compatibility
MYOB supports automatic bank feeds from 130+ Australian financial institutions.
| Bank | Feed Type | Status |
|---|---|---|
| Commonwealth Bank | Direct | Active |
| Westpac | Direct | Active |
| ANZ | Direct | Active |
| NAB | Direct | Active |
| Macquarie | Direct | Active |
| Bendigo Bank | Direct | Active |
| Suncorp | Direct | Active |
Who Is MYOB Best For?
- Employer With Payroll
- Phone Support Needed
- Au Owned Preference
- Hospitality
- Retail
MYOB may not be the best fit for:
- Tech Forward Business
- Heavy Integrations Needed
- Modern Ui Preference
MYOB Alternatives
If MYOB doesn’t quite fit your needs, consider these alternatives for Australian businesses:
- Xero — Australia's most popular cloud accounting platform. From $35/mo inc. GST.
- QuickBooks Online — Affordable cloud accounting from Intuit with strong global reach. From $33/mo inc. GST.
- FreshBooks — Invoicing-first accounting for freelancers and sole traders. From $27/mo inc. GST.
- Zoho Books — Affordable cloud accounting with a genuinely free plan. Free plan available.
- KeyPay — Cloud payroll built for AU accountants and bookkeepers. From $4/mo inc. GST.
Related Comparisons
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Migration Guides
Step-by-step switching guides involving MYOB for Australian businesses.
ModerateHardModerateModerateModerateModerate
How to Migrate from MYOB to Xero
2-4 hours · 9 steps
How to Switch Payroll Provider Mid-Year
4-8 hours · 7 steps
How to Migrate from Xero to MYOB
3-5 hours · 9 steps
How to Switch from Spreadsheets to Accounting Software
3-6 hours · 8 steps
How to Migrate from MYOB to QuickBooks
2-4 hours · 8 steps
How to Switch from Manual Payroll to Software
3-6 hours · 8 steps
Related Compliance Guides
GuideGuideGuideGuideGuideGuideGuideGuideGuideGuideGuideGuideGuideGuideGuide
BAS Lodgement Guide for Australian Businesses
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