MYOB review

MYOB is accounting and business management software for sole operators, small and larger businesses, and accounting practices. Its tools cover invoicing, bookkeeping, payroll and inventory. The MYOB homepage says customers can use the software on desktop or mobile and access information anywhere.

For Australian businesses, the feature set includes GST calculations, BAS preparation and reporting to the ATO, plus payroll reporting through Single Touch Payroll. MYOB also offers inventory tracking and an AI BAS add-on for preparing BAS as you go, checking GST and flagging anomalies. The pricing page lists a 14-day free trial, but no free plan.

Plans range from Solo at $8.25 AUD per month billed annually to AccountRight Plus at $165 per month. The cheapest option is aimed at sole operators; inventory and payroll needs can push the cost up. We’d treat the entry price as a starting point, not the likely bill for every business.

MYOB puts bookkeeping, invoicing, payroll and inventory under one roof, which can be useful if you are replacing spreadsheets or a patchwork of apps. The listed features include branded quotes and invoices, online customer payments, reminders, linked bank accounts, cash-flow tracking and budgets. For Australian tax work, it can calculate and record GST, prepare BAS, and send PAYG and GST reports to the ATO.

The plan choice gives businesses a way to pay for the functions they need, though the advertised prices have conditions:

• Solo costs $8.25 per month billed annually and includes one user, two connected bank accounts, and unlimited quotes and invoices. The pricing page lists $12 for the first 12 months, then $99 per year.
• Business Lite is $26.25 per month billed annually. Payroll for up to two employees costs extra; the page lists $5 per employee per month for Lite and Pro payroll.
• AccountRight Plus is $165 per month and includes unlimited inventory and payroll, plus priority support.

MYOB also lists AI BAS for Lite and Pro, but its price is not published. It may suit teams that want help checking BAS data, but it is an extra purchase rather than a standard inclusion.

The low starting price comes with narrow limits. Solo includes one user and up to two connected bank accounts. Lite is aimed at sole traders and businesses with up to two employees, and its payroll costs extra. Pro costs $70 per month, but unlimited payroll is also an add-on at $5 per employee per month. Lite and Pro unlimited inventory costs another $22 per month. AI BAS is an additional purchase, with no published price. AccountRight Premier has no published price either, so businesses needing its multiple-currency or multi-location features should get a quote before comparing plans.

Promotional pricing can also obscure the ongoing cost: the page lists Lite at $94.50 for six months, then $315 per year, and Pro at $21 per month for three months, then $70 per month. Check the renewal price, billing term and add-ons together.

User opinions are mixed. In one Reddit thread, a small-business commenter preferred Xero and described MYOB as less intuitive; another said MYOB was a good program and cheaper for their company. A commenter in a building-company discussion complained about MYOB support. Those are individual reports, not a measure of support quality, but they make it sensible to confirm your accountant supports the product before switching.

MYOB starts at $8.25 per month for Solo, billed annually. That price is promotional: the pricing page lists $12 for the first 12 months, then $99 per year. Lite is $26.25 per month, billed annually, with $94.50 for the first six months, then $315 per year.

The jump to Pro is substantial: $70 per month after its $21-per-month introductory offer for three months. AccountRight Plus costs $165 per month after three months at $66. Premier has no published price, so ask MYOB for a quote. Payroll Only is $20 per month after its introductory $2-per-month period.

Watch the add-ons. Payroll on Lite and Pro costs $5 per employee per month; unlimited inventory on either costs $22 per month. AI BAS is an extra purchase on those plans, but its price is not published. Lite and Solo show annual billing; selected plans offer yearly billing, while Pro, AccountRight Plus and Payroll Only list monthly prices.

Plan the move around the records your business actually uses: bank accounts, invoices, GST and BAS, payroll, and inventory if it is included in your workflow. MYOB lists tools for these tasks, but the published information does not explain migration steps, supported imports, data exports, or whether any records are difficult to move later. Confirm those details with MYOB before changing systems, and involve your accountant before moving tax or payroll records.

The pricing information also does not state a contract term or cancellation rules, so check those before committing to an annual plan. If you are considering leaving, ask how to export your accounting, payroll, and inventory data and what formats are available. We can’t responsibly say what tends to make customers leave based on Reddit: no Reddit posts or comments were provided in the published material. The safest decision is to verify migration and exit requirements directly rather than assume the data will transfer cleanly.