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.

 

MYOB Essentials - IRD monthly returns
 
  • MYOB Essentials - IRD monthly returns
    IRD monthly returns
  • MYOB Essentials - Dashboard
    Dashboard
  • MYOB Essentials - Connect bills to documents
    Connect bills to documents
Supported Operating System(s):
Web browser (OS agnostic)

26 Reviews of MYOB Essentials

 

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Software Advice Reviews (4)
More Reviews (22)

Showing 1-4 of 4

Glenn from JAQ Software
Specialty: Software / Technology
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2017

October 2017

Can not export or import anything useful. Locked in.

Ease-of-use

Functionality

Product Quality

Customer 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.

 
 

Chris from NEW AIM
Specialty: Retail
Number of employees: 11-50 employees Employees number: 11-50 employees

September 2017

September 2017

good value in terms of the price

Ease-of-use

Functionality

Product Quality

Customer 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.

 
 

Lee from APS
Specialty: Construction / Contracting
Number of employees: 201-500 employees Employees number: 201-500 employees

May 2017

May 2017

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

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

For a small firm with limited reporting requirements it is okay but for any jobs with Work Breakdown Structure requirements it comes up short and becomes a limiter for the company. I get very frustrated with the after sales support system. It is not customer focused and leaves you wondering why you pay for it.

Pros

Good basic internal controls so novice bookkeepers can run day to day.
Easy to install and set up.
Reasonably cheap for what you get.
Handles GST well.

Cons

Not the best for Job costings.
Payroll system ordinary serious reporting drawbacks as far as information flow to the General Ledger.
Tends to freeze in reporting production which can lock out users.
Support service is very poor, you get the feeling the staff could care less in resolving issues.
Interactive screen supports not used you have to send a file and wait for a response.
Wait time on the phone for support is very bad.

 
 

Ludovic from Elnaco pty ltd
Specialty: Hospitality / Travel
Number of employees: 11-50 employees Employees number: 11-50 employees

May 2017

May 2017

Very easy to set up and to use

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Payroll is very easy. Bank feed, bank rules and reconciliation help to save a lot of time. Very simple dashboard. Good support.

Cons

No scan of documents on the go. No app to use the software yet. Don't offer all the functionalities of the computer version

 
 
 
Showing 1-20 of 22

Bruce from Gibson Driveshaft Services
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2017

October 2017

Very Pleased

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
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

Source: Capterra
 

Adam from Modular Shades
Number of employees: 11-50 employees Employees number: 11-50 employees

August 2017

August 2017

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

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

This software is easy to use and organize. This software allows me to track and update information easily and in a timely manner

Pros

I like the dashboards that show the flow of information from beginning to end. Reconciling the bank is very easy to do as well as enter in new sales and purchases. It's also very easy to export data into excel if additional analysis is needed outside of MYOB.

Cons

Generating sales reports, P&Ls, and BS is a bit cumbersome. It would also be nice if it had a 'dashoboard' feature, like xero, that shows all the relevant information on one page. Having one spot to go to for most of the day's relevant information would be very helpful

Source: Capterra
 

Rino from All Aboard Seafoods

April 2017

April 2017

Accounting made easy.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We've been using MYOB effectively for several years now and would highly recommend it. The only negative I have to say is the lack of compatability between MYOB and M-Powered services.

Source: Capterra
 

Dmitri from Famous Frameless

April 2017

April 2017

Works for us

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

As a small business, its got everything we need it in. The downside is that the mobile app is very limited. All you can do on it is view or create invoices and take payments, which is where it also comes in handy. We purchased PayDirect card reader for a one time payment. It doesnt have on-going chargers, like many others do, but just minimal fees for eftpos transaction and 1.95% for credit cards.

Source: Capterra
 

Frances from Good Counsel International

March 2017

March 2017

Missing the mark in a few ways

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

This is a very simplified online version of MYOB accounting service which is ideal for a small business with one or two contractors. You are able to have one employee on payroll, but if you have more, you need to pay additional money each month to allow for this. It is easy to navigate and does have some good features like the in-tray and linked bank accounts.

I found that the cost compared to Account Right was pretty close once I added my PAYG employees to the system. I needed more complex options so I switched over.

Source: Capterra
 

Chris from Fox Refrigeration
Number of employees: 2-10 employees Employees number: 2-10 employees

February 2017

February 2017

This is great accounting Software thank you

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have been using this software for over 10 years it is a bit expensive but works well
Especially after it went to cloud based

Pros

And I like if anything goes missing my computer gets Stolen or burns or virus then I don't lose everything because it's on the clouds

Cons

The cons are that it is too expensive for what it is

Advice to Others

If you could reduce the cost your business would expand dramatically

Source: Capterra
 

Karen from Galerie Zadra
Number of employees: 2-10 employees Employees number: 2-10 employees

January 2017

January 2017

Mostly good

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality

I've been using MYOB for many years, mainly to raise invoices and purchases, plus to track the P&L and balance sheet. It's a pretty robust product that doesn't need specialist instruction to use the basic functions, but it started getting pretty annoying when I upgraded late 2013 and now one has to be connected to the internet in order to use it. That means if your internet connection is down or you're out of WIFI reach on the road, you can't do anything with your company files. That's my biggest complaint.

Pros

Fairly easy to use; robust

Cons

You have to have internet connection to use your company files.

Source: Capterra
 

Kirsten from Private

December 2016

December 2016

Adequate software for charity accounting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I used this to do a charity accounts. I think I was using a much older version of MYOB. It was bug free and reliable. It was fast. Tasks were very repetitive though and it would help if I could duplicate entries more.

Source: Capterra
 

Russell from Principals Branding
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2016

December 2016

Not exception but does the job

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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.
However the taxation reporting is very user friendly and makes very monthly reporting and payment very easy to use.
Overall, the price is very good and for the purposes of just payroll it does the job reasonably well

Pros

Taxation reporting

Cons

Customer service

Source: Capterra
 

Kerry from Ke Aesthetics
Number of employees: 1 employee Employees number: 1 employee

December 2016

December 2016

Easy accounting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have used MYOB in different formats and found this the simplest and quickest to use and would recommend to anyone running a business.

Pros

Quick to use

Cons

Reports

Source: Capterra
 

Gavin from We Care
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2016

November 2016

MYOB in the Clouds

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Windows based product with very easy to use menus. It has all the bells and whistles of modern accounting software. I particularly liked the Payroll and Budgeting. Its a product that I believe needs to be tested by accountants. I think some aspects would be tricky for bookkeepers whereas other aspects accountants pull their hair out and the lack of reporting options and some silly rules that make it harder to use. I don't get the impression that they listen to your feedback. Sadly the organisation has some arrogance. I noted this particularly when being trained in the product. The organisation would benefit greatly from listening to feedback and improving its report options. For example. No comparative Balance Sheet. No reports which can be produced relating to staff hours. The journal report is woeful, sadly you have to use journal more than you would want. No Fixed Asset Register. On the other hand I love the budget reports, very easy to manipulate. The graphs which come with the budget are useless. The ease to enter pay roll data is awesome. I love the bank feeds and many more aspects of this package. I think if they combine the best aspects of Account right and Essentials to target medium sized entities, MYOB would be hard to beat.

Pros

Payroll and Budgeting and very easy to use. Nice features with Invoice design also.

Cons

The Journals report is awful, no Fixed Asset register. No reports on Payroll hours worked.

Advice to Others

Overall I would recommend this product. There is room for improvement. I have high expectations.

Source: Capterra
 

Martine from Bookwiz Franchising Pty Ltd
Number of employees: 11-50 employees Employees number: 11-50 employees

June 2016

June 2016

MYOB Accounting and Payroll Software

Ease-of-use

Product Quality

Value for Money

Ease-of-use
Usability
Product Quality
Quality
Value for Money
Value

Bookwiz Bookkeeping has been operating since 2000 and over the years we have used many accounting software products. MYOB is hands down the best Accounting & Payroll Software solution for our clients and we highly recommend it. We now have nearly all of our clients online and with features like Bank Feeds and Pay Super we have been able to really streamline the bookkeeping and payroll process for our clients which they love as it saves them money. We also love that MYOB caters for the very small business operators out there by have a very affordable and easy to use solution for them which is MYOB Essentials.

Source: GetApp
 

Ricki475

December 2013

December 2013

MYOB problems

Product Quality

Product Quality
Quality

MYOB has been the main software package in my business for over 18 years I would have to say that this is the slowest version I have ever come across and am very disappointed, between the not being able to create a new customer in the invoice to having timed out when Im not in cloud it is very frustrating to work with, MYOB you were once good is this the sign of the future?????. there may be bugs but really for the cost of the software I would have thought you could afford better software engineers or are you cutting corners.

Pros

Better reporting (though you have to wait longer)

Cons

Slow operating system,Timing out, New customer only by card file

Source: GetApp
 

Daz

August 2013

August 2013

Okay but . . . . .

Product Quality

Product Quality
Quality

We have been using MYOB accounting plus for over 10 years and recently upgraded to the new Accountright 2013.
The new version is very similar to the old and this makes it relatively easy to adjust to. There was a bit of dancing converting 10 years of accounting data to the new format and eventually we got that done and away we went.
The first thing that struck us was how slow it seems in comparison to the previous software. (MYOB Accounting plus v14). Data entry is not fluid and constant delays in processing. We contacted MYOB support regarding this and "they are working on the problem" so it appears it is a common problem.
It is updated with the latest reports and payroll taxes and supposedly compliant with the ATO.
There is a greater range of reports available but still the customisation options are limited. What you see is what yo get, give or take a field or two.
The "cloud" idea is novel, but due to the speed restrictions it is of little real benefit.
Payroll is the biggest change complying with the new regulations, and taxes, but unfortunately MYOB doesn't allow upgrading of the tax tables without paying for an endless subscription which equates to approximately $800 per year.
Overall if you like the early MYOB and can handle the speed reduction then its an okay upgrade. If it wasn't for the reliance on MYOB data for the previous 10+ years and the swift talking sales rep that convinced management to upgrade, I would personally be looking at alternatives.

Pros

Compatible with earlier versions.
Interface is very similar to previous versions.

Cons

Expensive for what it is!
Slow!!!!! For small or casual use it MAY be okay, but for any real data volume, its just too slow. (Even on the latest PC)
Relies heavily on the internet (could be cause of part of the speed problem)
Limited customisation

Source: GetApp
 

Renae from 2 Peas Pty Ltd
Number of employees: 2-10 employees Employees number: 2-10 employees

June 2017

June 2017

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Support
Source: GetApp
 

Chris from World Venures
Number of employees: 1 employee Employees number: 1 employee

January 2017

January 2017

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Support
Source: GetApp
 

Janet from Advanced Care Australia
Number of employees: 11-50 employees Employees number: 11-50 employees

January 2017

January 2017

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Support
Source: GetApp
 

Tom from Vigilant.IT
Number of employees: 11-50 employees Employees number: 11-50 employees

October 2016

October 2016

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Support
Source: GetApp
 

Philip Number of employees: 11-50 employees Employees number: 11-50 employees

October 2016

October 2016

Ease-of-use
Usability
Product Quality
Quality
Source: GetApp
 

Darren from Sonic Technology Pty Ltd
Number of employees: 2-10 employees Employees number: 2-10 employees

April 2016

April 2016

Ease-of-use
Usability
Product Quality
Quality
Value for Money
Value
Support
Support
Source: GetApp
 
 
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