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.

IRD monthly returns
IRD monthly returns

IRD monthly returns

Dashboard

Dashboard

Connect bills to documents

Connect bills to documents

Supported Operating System(s):

Web browser (OS agnostic)



59 Reviews of MYOB Essentials

Overall rating

4.0 / 5 stars

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Michele from Accounting

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

December 2018

ease of use

Makes my work life convenient

Pros

Helps a lot with accounting work for clients. Myob essential version allows me to log in and work on in where ever I’m located (as long as I have internet access)

Cons

Only worked when there is internet access available, not available offine.

Review Source: Capterra

Zoe from Global Cabling

Number of employees:  11-50 employees

Ease-of-use

Value for money

Customer support

Functionality

November 2018

Could be more functional

Works, but could be simplified.

Pros

Usually accurate entry and financial reporting.

Cons

Not very functional, multiple windows required and a bit dated for data entry.

Review Source: Capterra

ELLIE from POWER-CAM (S.E.A) PTE LTD

Industry:  Engineering

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

November 2018

Friendly user

To be more flexible on forms and reports

Pros

Editing and backup easy to manage and restore function for any error or lost of data to be fixed easily

Cons

Cannot customise report and limited on letters and character to be insert. Control on printing page is not user friendly

Review Source

Nicole from Hays Recruitment

Number of employees:  201-500 employees

Ease-of-use

Value for money

Customer support

Functionality

November 2018

One of the top software for bookkeeping

Pros

I enjoy using MYOB simply because it does everything you need for a small business - sometimes needs more explanation with accounting though for new people.

Cons

glitches with POS machines is really the only thing I ever came across with this program, so not alot from a small business perspective.

Review Source: GetApp

Rohan from Chocolate Graphics

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

November 2018

Poor product Poor support Over priced

Over priced, they don't care about their customers

Pros

There is nothing I like about MYOB, a product which I have used for 15 years. I'm locked in and cant move.

Cons

Every thing. Customer service is non existent and its way over priced.

Review Source: Capterra

Katrina from Next Accounting Pty Ltd

Number of employees:  11-50 employees

Ease-of-use

Value for money

Customer support

Functionality

November 2018

Solid product for small business

Has been around for a long time. Tried and tested and is a great product. Starting to price a little higher but still competitive - especially if you have employees.

Pros

Easy to use and well laid out for the end user. Is great for small operations without complex needs.

Cons

Whilst bank rules are very handy - the auto reconciling of transactions can cause problems if rule set up incorrectly. Would be great if there was an option to make bulk transaction changes.

Review Source: Capterra

Les from Axis Strategic Consulting

Number of employees:  2-10 employees

Ease-of-use

Functionality

October 2018

A good accounting program for small business

running a small business is easier with this program.

Pros

Very traditional, easy to use accounting package that is easy for non-accountants to use.

Cons

It costs a lot, considering its simplicity.

Review Source: Capterra

Kirsten from Self-Employed

Number of employees:  2-10 employees

Ease-of-use

Customer support

Functionality

October 2018

A good option

Pros

That it is pretty user friendly and you can do most functions you want to

Cons

You need to have a good understanding about bookkeeping

Review Source: Capterra

Melanie from Singleton Hi Fi

Industry:  Retail

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

October 2018

Easy to use for Small Business

I've been using MYOB Essentials for about 2 years now. It's a simple system for a small business.

Pros

Great import feature for bank accounts (main bank accounts are available - some smaller banks are not able to auto import)
Simple payroll functionality
Easy account reconciliation

Cons

There is no simple search facility across the database - you have to enter each screen to perform a search
Reports are hard to find and dates are

Review Source

DAN from Financial services

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

September 2018

Easy to use Accounting Softeware for SMB

I have used MYOB for many years and have not felt the need to change. We are currently able to solve all our accounting with the software. If the company was to expand then we would consider Xero instead.

Pros

I think MYOB is a good product and it does mostly what I need. It's very easy to do most accounting tasks. I do prefer the software versions rather than the Live/Cloud versions. though.

Cons

The customer service can take some time to get through to. and limited use of 3rd party payment gateways.

Review Source: Capterra

Kate from Synergy Fitness and Wellbeing Studio

Number of employees:  2-10 employees

Ease-of-use

Value for money

Functionality

September 2018

Easy to use

Being in the cloud makes access to this program easy. It is user friendly and easy to navigate. The cost did increase quite a bit over the 6 years I was using it but it is pretty relative to other accounting software available.

Pros

This program is in the cloud so it can be accessed from anywhere that has internet.

Cons

You couldn't do a recurring transaction.

Review Source: Capterra

Ivan from Leaf Market Brighton and Leaf Elwood

Number of employees:  11-50 employees

Ease-of-use

Value for money

Customer support

Functionality

September 2018

A Solid Piece Of Software

Pros

I have used MYOB for years, it's perfect for getting the job done, and easy to use.

Cons

Sometimes the ability to change or delete transactions is a little bit dangerous.

Review Source: Capterra
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Verified Reviewer

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

August 2018

Not a choice if you plan to grow

Pros

Cheap, easy to set up, basically does the job that you need it to do.

Cons

Once on it, you cannot graduate to Account Right Live or other products if your organisation grows. You are basically stuck on a sub standard product.

App ecosystem is not robust.

Review Source: Capterra

Karen from Education

Number of employees:  1 employee

Ease-of-use

Value for money

Customer support

Functionality

August 2018

Sold a dummy!

I have been a business user of MYOB for other companies using bigger MYOB packages for over a decade and find it fairly good although it has serious bugs which are reported by the truckload by all the accountants I know and they are NEVER fixed even after a decade. Like how the excel file download makes all the numbers text and the "manual calculation" field is auto set meaning you have to reformat each and every download twice (format numbers and turn on auto calc) to use the spreadsheet to add up. Designed and run by non accountants

Pros

Nothing. completely useless. Doesn't comply with ATO requirements unless you have no employees and what business has no employees? Misleading advertising and advice.

Cons

I am a small business with single employee. Noting that one touch payroll was becoming mandatory next year I decided to put my accounts on a basic package to comply. I rang up and they sold me MYOB essentials telling me it would fully comply. After upteem dozen attempts to create a single employee which failed I ring up and they tell me well actually this entry level despite having all the menu structures and appearing online to do payroll does not do payroll at ALL and I need to pay almost double.

I found the set up very very nonintuitive in its coaching. You start one entry set up the field, then it takes you away to a whole different menu you need to complete and then doesn't take you back to where you were. There are heaps of bugs and going online you see everyone else having the same problem.

Review Source: Capterra

Fraser from Taksim mairangi bay

Industry:  Hospitality / Travel

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

August 2018

Such a lazy application or website

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

Review Source

Marilyn from Patton Albury

Industry:  Retail

Number of employees:  2-10 employees

Ease-of-use

Value for money

Customer support

Functionality

July 2018

Processing

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.

Review Source

Pam from Kent Instittue Australia

Industry:  Education

Number of employees:  51-200 employees

Ease-of-use

Value for money

Customer support

Functionality

July 2018

Small business user

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

Review Source
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Verified Reviewer

Number of employees:  501-1,000 employees

Ease-of-use

Value for money

Customer support

Functionality

June 2018

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

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

Review Source: Capterra
LinkedIn icon
Verified Reviewer

Ease-of-use

Value for money

Customer support

Functionality

June 2018

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

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.

Review Source: Capterra

Number of employees:  11-50 employees

Ease-of-use

Customer support

Functionality

June 2018

An industry standard, needs better 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.

Review Source: GetApp