MYOB Advanced Business

RATING:

4.3

(39)

About MYOB Advanced Business

MYOB Advanced Business is a cloud-based enterprise resource planning (ERP) solution that enables businesses to streamline processes related to sales, inventory management, payroll, customers, accounting and more. Professionals can utilize the platform to create projects using in-built templates, generate invoices and handle weekly, monthly, quarterly and custom billing processes. Key features of MYOB Advanced Business include workflow management, audit trail, drag-and drop interface, timecards and personalized dashboards. Administrators can manage marketing campaigns, track equipment, set up maintenance schedules and utilize an application programming interface (API) to connect the software with several third-party platforms. Additionally, it lets supervisors gain visi...

Awards and Recognition

FrontRunner 2021
Software Advice's FrontRunners report ranks top products based on user reviews, which helps businesses find the right software.

MYOB Advanced Business Pricing

Contact MYOB for detailed pricing information.

Free trial: 

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Free version: 

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MYOB Advanced Business Reviews

Overall Rating

4.3

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4

Value for money

4

Functionality

4.5

Most Helpful Reviews for MYOB Advanced Business

1 - 5 of 39 Reviews

User Profile

Ali Sally

Verified reviewer

Real Estate, 51-200 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed August 2021

Myob aAdvanced, a complete business solution.

My experience in using MyOB Advanced is great. I'm dealing with customer services and Human Resources works. MyOB Advanced helps me and my company to be more responsible and gives more measurable and satisfied services to our workers and clients.

PROS

MyOB Advanced offers a lot of modular but integrated accounting functionities, easy to use and comes with real time cloud base activities. You can accomplish any accounting tasks that deal with your team and clients anywhere and anytime.

CONS

MyOB Advanced ease complications of any accounting system, that's why the UI design should developed to be more intuitive and user friendly.

Steven

Human Resources, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

3

FUNCTIONALITY

4

Reviewed January 2023

Efficient and seamless accounting on MYOB Advanced

MYOB Advanced also enabled us to save on having our own server-based environment, we’re now in the Cloud. So a saving on server license fees/ backup issues etc. We have also centralised our FAR in MYOB. Velixo is definitely the best feature of using Advanced, as detailed above.

PROS

Integration with Velixo is a big plus. The write back and drill down features enable us to complete the accounting / reporting a lot quicker. -Updating budgets is much easier now. Velixo has provided a full suite of customized reports by refreshing data and changing date filters.-A key strength of the fixed asset module is that we can attach things like CAPEX approvals, quotations etc to the fixed asset record.

CONS

The fixed assets forces the user to enter a useful life even for RB assets. There's also not validating tool prior to import, so when you set this up in MYOB you need to keep re-importing. We had some initial difficulties with inter-entity transactions which was only overcome with customisations and some protocols being put in place.

Reason for choosing MYOB Advanced Business

Cost and ease of use. Sales people explained the product better and we thought we would receive good after sales implementation (which we did)

Reasons for switching to MYOB Advanced Business

ERP300 was no longer supporting the version we were using and was incompatible with MS Office 10 (I think?)

Wes

Automotive, 11-50 employees

Used daily for less than 12 months

Review Source
This review was submitted organically. No incentive was offered

OVERALL RATING:

2

EASE OF USE

1

VALUE FOR MONEY

1

CUSTOMER SUPPORT

1

FUNCTIONALITY

1

Reviewed July 2023

Disaster - 12 months of onboarding, training and workflow concepts we could not go live.

Not that great.... we spent 12 months of training, delayed going live because the inventory warehousing module didn't productively handle once of imports which needed to be allocated to Service Orders or Sales Orders. To make the system work over 400+ additional hours of customisation would be needed to allow picking slips on Service Orders, Batch customer driven backorders for weekly supply orders, sync up equipment management with service management, but the one thing that stopped going forward was the warehouse receivable process that was so underdeveloped it needed a complete revamp. None of this was picked up during the first few weeks of scoping the required workflow. On the 11th Month we decided to call it a day as the additional cost was 200% more than what we first expected. MYOB pulled the EULA and said we must keep paying up to 18 months of user subscriptions even though the product sold was not fit for purpose.

PROS

Our business Equipment Dealership, import, sell and offer aftersale care over the life of the machine, some projects, we needed a project management module that our Dealer Management System did not provide, MYOB ERP Advance looked to have everything we needed. Added benefit was an upgrade to our AP & AR and payroll.

CONS

In the Automotive & Equipment industry, inventory management is the backbone of the company, repairing vehicles and machinery always requires an accurate and easy functioning warehouse. Unfortunately, MYOB ERP Advanced "Acumatica" hasn't worked this industry out. The receivables and release to customers for imported one-off or low-volume replacement parts as a very awkward workflow that is counterproductive unless you spend a lot of $$$$ on customisation. If you are an importer that requires a customer-driven backorder out-of-stock resolution workflow, I suggest not looking at MYOB ERP Advanced.

wyclife

Non-Profit Organization Management, 501-1,000 employees

Used daily for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed April 2020

Accounting Made Easy

MYOB is a great tool for accounting purposes my overall experience with this software is great now that I am used to it. Initially, I had problems with using some of the features but with constant learning and experience, I find this tool resourceful.

PROS

One key thing I liked most about MYOB is the ability to use it on a smartphone through their android app. This makes things a lot easier for me as I can post the transaction on the go without necessarily having my computer around. Compared to other accounting tools, the pricing is quite reasonable for the value you get.

CONS

Some bit of this software is slightly complicated a good example being an inventory system and this always calls for some training before work can use.

Reason for choosing MYOB Advanced Business

The alternatives had poor customer service to start off.

Reasons for switching to MYOB Advanced Business

The organization grew, and we needed something that could accommodate our growth better and hence the switch.

Anonymous

11-50 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed June 2023

Very Capable Accounting software

PROS

I am able to extract data very easily through Odata and have been able to set up useful API integrations with other software. It is also easy to create my own reports using Generic Inquiries. These work very similar to how a pivot table works and I am able to customize to bring in the data fields I want to see.

CONS

Sometimes being a proper accounting software i find some users find it difficult to understand and are overwhelmed by the features. However if being used by an accountant and with consultation with MYOB customer service this can be overcome to make reports and data points that all users can find useful.

Reasons for switching to MYOB Advanced Business

Needed a more complex accounting system for use with our customer. To automate Sales orders we receive.