MYOB Essentials software


MYOB Essentials is an online accounting solution for businesses of all sizes. It offers tools for tax management, invoicing, payroll, expenses and reporting. The solution can also be accessed by downloading the MYOB OnTheGo app for Android and iOS devices.

MYOB allows users to view cash flow and manage payroll, and business owners can manage bills by linking stored bills and invoices with the appropriate accounts. This also helps in preparing and filing  tax returns. Cloud-based storage enables real-time updates to taxes and forms.

The payroll module stores employee information, which helps facilitate payroll management. Payslips can be sent to employees via email.  MYOB also allows accountants to view outstanding invoices and tax liabilities, as well as create budgets by using profit and loss statements.

Supported Operating System(s):
Web browser (OS agnostic)

44 Reviews of MYOB Essentials

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  • Fraser from Taksim mairangi bay

    Specialty: Hospitality / Travel

    Number of employees: 2-10 employees

    August 2018

    Such a lazy application or website

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Would suggest people to never use it . Such a lazy application n website MYOB is .. people don't go for this

    Pros

    If I had rate it below 0 I could only think of a minus 0 (-0).. not professional in any way doesn't seem to login nor does anything work as stated

    Cons

    Dont ever use this .. everytime 2 factor comes and every time u have to open a browser.. if this doesn't work why u tell us n waste our time

    This review was submitted organically. No incentive was offered
    Review Source
  • Marilyn from Patton Albury

    Specialty: Retail

    Number of employees: 2-10 employees

    July 2018

    Processing

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    The background of MYOB needs to be updated to keep up with the updates

    Pros

    This software is easy to use . It has all the modules you need to run a small to medium business in todays environment.

    Cons

    Processing is slow and will freeze the screen Myob does not like large files which is a huge problem.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Pam from Kent Instittue Australia

    Specialty: Education

    Number of employees: 51-200 employees

    July 2018

    Small business user

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Good program for small business and very easy to fix mistakes but no audit trail

    Pros

    Easy to use and can have detailed accounts set up,at 4 levels
    Reports are set up so easy to use out of the box
    Great program in box

    Cons

    From an audit perspective not great as you can renter things without an audit trail
    No reporting flexibility

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

    Number of employees: 501-1,000 employees

    June 2018

    Product to keep your accounting and bookkeeping needs. little bit difficult to change & edit reports

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    I suggested this software to my friend for daily bookkeeping. she is satified from this product.

    Pros

    simple use for data entry within the software, simple offline product to use for accounting & bookkeeping.

    Cons

    difficult to import the transactions with the help of excel. and little bit difficult to change and customize reports

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

    June 2018

    Good software for offline accounting. you can work on Myob for all your accounting &and Bookkeeping

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Good for accounting & Book-keeping offline.

    Pros

    Its functioning is good. You can easily get your Accounting data customized by preparing P&L account & Balance sheet

    Cons

    1. You have to take backup by your self no self backup facility.
    2. Difficult to understand the reporting process.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Number of employees: 11-50 employees

    June 2018

    An industry standard, needs better support

    Ease-of-use
    Functionality
    Quality
    Support
    Pros

    This is one of the mainstream products available around and has a lot of users all over the globe. There is a great chance that your accountant is familiar with this and will be able to make great recommendations

    Cons

    Updates can be cumbersome and provided they work well they are easy to apply. I have had a couple of instances where we needed support and it has been very lacking. General technical support is poor with cancelled webinars and staff which appear not to know more than the most basic for troubleshooting.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: GetApp
  • Nicola from Sootin up diesel

    June 2018

    Very Simple and easy to use, lacking in a few areas but good for a small business just starting out

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Very easy to navigate and simple to use. Search function for invoices is good now that you can see POs.

    Cons

    Wish it would export data to excel!! Had to manually build a database of 300 invoices! Too easy to go back and delete stuff too which then doesn't stay on the audit trail, once it's gone it's gone! Would like to see some detail from the invoice when it searched for rather than having to go into it.

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

    Number of employees: 2-10 employees

    June 2018

    Game change for my business

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    This software has made my bookkeeping so much easier, faster and even more accurate. I like when they change a function, that they teach u how to use it with little instruction pop ups.

    Cons

    I find that the dashboard figures aren't always accurate with my bank accounts. Sometimes the layout can be confusing.

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

    May 2018

    The Software helps me to evolve in my career my much .

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    The benefits are countless. I am really happy and exceptionally relaxed with using this software. By far, its the most reliable and efficient software that I have encountered.

    Pros

    The systematic features really helps to sort out the accounting issues. I am always leading the task upto the standards and mostly efficiently only using this specialized software.

    Cons

    The complications of finding a specific set of files is really hectic. I have to go through the whole bunch of files and reenters the balance whenever I have to made some ammendments.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Marcus Maciej from Plump Design

    April 2018

    The interface is ok but the customer service is terrible

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    I liked the layout of the software. It is generally easy to use. The colour palette and general design is quite pleasing to the eye.

    Cons

    It's quite expensive for a small business and of course they hide a lot of information before you purchase. At per month I could not enter more than 5 expenses per month! Ridiculous! Had to upgrade! Cancelling you account is very difficult and they will try and screw you out of every last cent. I will never ever use this company or software again. SO ANGRY at the account closing process. They might have stolen but it has cost them a customer and I will tell everybody I meet to avoid that software and company like the plague!

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

    April 2018

    Make life easier

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    I have been using the web-based MYOB since its launch back in 2012. The functionalities and the interface/look have been improved over the years. I like it because it is web-based, so I don't need to export the accounts and send it to our accountant, also be able to work on the same and updated info from anywhere.

    Cons

    The subscription price has been increased a lot over the years. I used to pay around monthly and now it costs around. So, for a light user, it's expensive. But well, I guess I pay for the convenience. The interface is not the most intuitive, but once it's learned, it's easy.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Rani from kaiapo auto service centre ltd

    Number of employees: 2-10 employees

    March 2018

    Great software. Does everything we need it to do and more.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Great accounting, and always updating with new features. Our accountant could just log in and do our end of years immediately.

    Pros

    -Highly customisable for invoicing and parts inventories.
    -Has great reports. We found if you knew what you wanted to keep an eye on in the business, then you could design a report for it. Not all accounting programs or workshop software can do that so easily.
    -once it was set up for our workshop, it worked amazingly. Very intuitive

    Cons

    -We were new to this software, and it took a long time to set it up, (6 mnths), specifically for how we needed it to work. (automotive workshop), You almost needed to be a trained accountant i felt.
    -Support used to take at least 1 day if not 2 to get back to you.

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

    March 2018

    I really like using MYOB for my Business as it makes everything very easy and carefree

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    I like MYOB for my business as it is intuitive and it combines many different softwares. It is a 'one stop shop' for all my business needs which is what I need when I am very busy

    Cons

    What i like least about MYOB is that other softwares are more competitive in price. I stay with MYOB as I am used to the functionality off it and dont wish to change.

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

    Number of employees: 2-10 employees

    March 2018

    Beginners and advances users both like MYOB

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Simple to generate a quote or invoice. Creating customers while creating quotes or invoices is good to keep you moving easily. Good integration features, such as cards.

    Cons

    When theres an error, sometimes its not clear what the source of the problem is. This can be frustrating and better error message text would be on the advice to developers list.

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

    Number of employees: 11-50 employees

    January 2018

    Good basic accounts system

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Simple in most cases to use and looks good, integrates with our hire software well , if any issues the help section normally answers the query so no need for customer service.

    Cons

    I have found it to be slow and sluggish at times, some of the processes are over complicated and difficult to understand/process.

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

    Specialty: Transportation

    Number of employees: 2-10 employees

    November 2017

    Frustrating

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Cons

    Lack of Support. It would be supportive if after long waiting for call backs that return callers could call back if phone-call gets disconnected; instead of leaving customer stranded without a Solution and left to make their own call-back puting them back on a long waiting Queue, even after already being diverted onto another long Queue!!!

    This review was submitted organically. No incentive was offered
    Review Source
  • Glenn from JAQ Software

    Specialty: Software / Technology

    Number of employees: 2-10 employees

    October 2017

    Can not export or import anything useful. Locked in.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    I would avoid unless you only want to use it for a small business with no plans to grow to the stage where you need to upgrade your accounting software. Also requires a internet connection to run.

    Pros

    Easy to use for a small business. Its web based so you dont need to install any software, and you can use it from any location where you have internet access.

    Cons

    Import and export data options VERY limited. Can only import items and contacts, can only export a account and journal summary for your accountant. This means you cant use Essentials with a 3rd part system, or export your data if you later decide to stop using Essentials, effectively locking you in. Would make it difficult for a growing business to upgrade to a more advanced accounting system, you would need to manually enter all your records from scratch.

    This review was submitted organically. No incentive was offered
    Review Source
  • Simon from National Seniors

    Specialty: Insurance

    Number of employees: 51-200 employees

    October 2017

    Easy to use

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Basic Accounting functions for the new staff to use. Very good graphical user interface. icons are very clear

    Cons

    Poor budgeting modules when trying to incorporate different departments. Relies on internet with cloud service.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Bruce from Gibson Driveshaft Services

    Number of employees: 2-10 employees

    October 2017

    Very Pleased

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    The software is easy to use, and user friendly. It gives plenty of instructions, and it is easy to show a new user the basics

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

    Specialty: Retail

    Number of employees: 11-50 employees

    September 2017

    good value in terms of the price

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    The software is good for a small entity but once you grow and need more detail it becomes a handbrake on information.

    Pros

    easy to use ,A very easy to use and follow accounting software, the flow of information is easy to follow

    Cons

    I have been using the MYOB Essentials purely for payroll of a bout 10 employees. I find the customer service frustrating as it seems impossible to actually speak to anyone.

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