About MYOB Advanced

MYOB Advanced 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 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 ga...


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20 Reviews of MYOB Advanced

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December 2018

User Profile Picture

Roxanne from Papercraft Central - Where the Learning begins ...

Verified Reviewer

Company Size: 2-10 employees

Industry: Arts and Crafts

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

December 2018

MYOB

Pros

MYOB is the ultimate - I love this program. After initial set up, you can pull up any credit or debit, create reports, budgets - it is endless what information you can gain in only minutes where manually, would take you hours if not more. It is quite easy to use and to get the most out of your purchase, I would recommend attending a training course on it.

Cons

Without training, you might find it a little intimidating and confusing but if you are only wanting it for accounts record keeping and not invoicing or payroll, you could learn as you go.

April 2020

wyclife from Resilience Action International

Company Size: 501-1,000 employees

Industry: Non-Profit Organization Management

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

3.0

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.

Reasons for Choosing MYOB Advanced

The alternatives had poor customer service to start off.

Reasons for Switching to MYOB Advanced

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

June 2021

Ravinesh from Extra ModetrnGrid

Company Size: 2-10 employees

Industry: Accounting

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

June 2021

Account work gets much easier and faster!

Pros

Something key I enjoyed most about MYOB is the capacity to utilize it on a cell phone through their android application. This makes things significantly simpler for me as I can post the exchange in a hurry without essentially having my PC around. Contrasted with other bookkeeping apparatuses, estimating is very sensible for the worth you get. Apart from that, the financial reports are much easier to grab attention at any time, as the report is very clear in understanding and the structured way it was build in advance is just amazing!

Cons

It requires a slight comprehension of a vital arrangement of ideas to not get overpowered from the outset. Albeit, when you get a hang of it, it'll be perhaps the main pieces of the manner in which regular monotonous assignments are done rapidly in the association. Another least I would experience is the invoice part, The features are quite limited to organized the invoice structure.

Reasons for Choosing MYOB Advanced

Getting a final decision I would highly recommend this MYOB Advance as it is the only solution for the accounting software apart from others.

June 2019

Michael from Ferrier Hodgson

Company Size: 11-50 employees

Industry: Accounting

Review Source: Capterra


Ease-of-use

3.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

June 2019

Great Accounting Product

Pros

The payroll function is great and the pricing is reasonable. The mobile app is also user-friendly.

Cons

The inventory system could be improved slightly.

March 2021

Anonymous

Verified Reviewer

Company Size: 11-50 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

4.0

Functionality

4.0

March 2021

Ideal Option for Resource Planning & Accounting Solutions

It's been great experience so far. I look forward to keep using it. And I keep introducing people and insisting them to give the time to really get it integrated in their workflows because it really simplifies a lot of this and makes the job better and better.

Pros

It has such a rich set of features which help financial analysis and management tasks easier and free of hassle. The inventory solutions help us to keep everything in order. It's easier to integrate into the existing workflow once you get the hang of it.

Cons

It requires a slight understanding of a key set of concepts to not get overwhelmed at first. Although, once you get a hang of it, it'll be one of the most important part of the way everyday tedious tasks are done quickly in the organization.

October 2020

Yo from Black Door Investments

Verified Reviewer

Company Size: 2-10 employees

Industry: Hospitality

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

October 2020

Good Accounting Software with Good Support

The software is reliable and does the job. It doesn't have fancy reporting or an amazing user interface but it's got everything you need. MYOB responded well to the changes needed for STP reporting, JobKeeper payments and Government Grants.

Pros

Good, reliable software for accounting and payroll. Integrates well with our timesheet and rostering App (Deputy). Product support is generally very good and has extended hours.

Cons

A few things are not very intuitive, eg I wanted to run a report showing how much we've spent with a certain supplier over the past year. The information wasn't where you'd expect it (in their card file). There are a couple of ways to get this info but I had to call support to find out. Also, we don't typcially generate invoices but when I needed to do one, I found it quite difficult to format it how I wanted it and to find out how to provide bank details instead of credit card info for payment.

Reasons for Choosing MYOB Advanced

Accountant uses MYOB and it seemed simpler to use the same.

March 2020

Bhavik from Information And Technology

Company Size: 51-200 employees

Industry: Financial Services

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

3.0

Functionality

5.0

March 2020

An All in One Accounting Product

My overall experience with MYOB Advanced is its a great feature packed product which can be priced correctly.

Pros

The thing I like the most about MYOB Advanced is its ease of use and vast feature set. The Cloud base feature is very helpful.

Cons

The thing I like the least about MYOB Advanced is its pricing, which can be reduced. Also, for a new customer, it is very overwhelming with all the features and mostly require a training to get hold of.

Reasons for Choosing MYOB Advanced

Better feature set and advanced cloud functionalities.

December 2018

Michele from Accounting

Company Size: 2-10 employees

Industry: Accounting

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

December 2018

Bookkeeping essentials

love it as it helps to manage my client’s info efficiently.

Pros

Used this daily for accounting job. Easy to use and able to generate required information quickly.

Cons

I do understand that updates are required to exchange the functionality, but the updates are too frequent (maybe it’s just for me)- and require to install new version on each update.

April 2019

User Profile Picture

Joanne from Joanne Wadsworth

Verified Reviewer

Company Size: 1 employee

Industry: Entertainment

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

April 2019

Fabulous accounting software

I'm very happy with MYOB's Advanced accounting software. I enjoy it's ease of functionality and how it spits out a month end and year end set of accounts like a breeze.

Pros

The simplicity of use is wonderful. It's easy to navigate around and find all the transactions and reports needed. It produces a monthly and yearly set of accounts with a breeze.

Cons

I wish it would tally the Aged Trial Balance between the "profit and loss" portion and the "balance sheet" portion. I always have to do that manually, as a double check.

August 2019

Komala Raj from Perfect Trainer

Company Size: 11-50 employees

Industry: Sports

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

4.0

Functionality

4.0

August 2019

Make our accounts easy

As a manager of our organization, I use MYOB for our accounting purposes. Its simply easy to make soft copy documentation.

Pros

The function keys are assembled in a easy way in this MYOB Advance. It helps the users to make their activity easy and quick.

Cons

Auto save and recovery after a power cut is bit confusing which documents have been saved by which name, if we have opened so many unsaved new documents at the same time.

March 2020

Erica from Busygates

Verified Reviewer

Company Size: 11-50 employees

Industry: Marketing and Advertising

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Functionality

5.0

March 2020

MYOB Review

Pros

The greatest thing I loved about this product was its cloud base feature. I was also able to streamline my business effectively.

Cons

Pricing can be reduced a bit. This would help small businesses to get on board

March 2020

Ankit from Poplify Pvt. Ltd.

Company Size: 51-200 employees

Industry: Information Technology and Services

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

4.0

Functionality

5.0

March 2020

Wonderful Product for Accounting

Overall I'm happy with MYOB Advanced. It is a perfect solution for accounting business to solve the burden of writing and handling reports and other documents. It is quick and easy to use which helps in increasing productivity somehow.

Pros

The software contains most impactful features like:- - Cloud-Based - Real-time data reports - Easy to use - Easy to navigate and find any report or information needed - Generates credit. debit and reports quickly It contains the payroll features too. The mobile app makes it access it on the go.

Cons

The only con, I found in this product is the price. The price is little bit high for small businesses to get MYOB Advanced.

April 2020

Anonymous

Verified Reviewer

Company Size: 10,000+ employees

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

April 2020

MYOB Advanced Review

MYOB Advanced is a very useful accounting tool. It's an efficient software that's been saving me quite a bit of time when I'm writing reports. It's also very easy to use, unlike many other accounting programs; I particularly like MYOB's clean interface, which makes bookkeeping a breeze, even for users like me, who are not advanced in accounting.

Pros

MYOB Advanced is a great accounting software. It's cloud-based, has a clean and easy-to-use UI, real-time data reports, and a handy mobile app for entering data on the go. It works well for beginners and advanced user alike.

Cons

I've been using MYOB Advanced for a few months now and haven't come across any major problems. However, I've also noticed the very frequent updates that other users have mentioned. The updating process doesn't take a lot of time, but it does cost me time because every time the software updates, I have to wait until it's done before I can use it. I wish the updates could run in the background or could be scheduled to once a week only.

November 2020

Anonymous

Verified Reviewer

Company Size: 11-50 employees

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

November 2020

There is a reason why it's one of the most popular in Australia

Pros

It has a certain ease of use and accessibility without giving up functionality. There is a reason why it's one of the most popular tax/accounting software for small businesses in Australia.

Cons

Honestly, we are pretty happy using this MYOB for the time being, I think once we migrate over our payroll services, we will be able to comment further on the functionality, and see if there are any lacking points.

March 2020

Anonymous

Verified Reviewer

Company Size: 10,000+ employees

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

4.0

Functionality

4.0

March 2020

Great for accounting

I've been using MYOB Advanced for accounting purposes. Accounting isn't generally my strong suit but this software makes it a lot easier.

Pros

MYOB Advanced has a clean interface that's easy to use, even if you're not advanced at accounting. Monthly as well as yearly reports are easy to set up and understand. I also like using the mobile app when I'm on the go and want to make quick entries.

Cons

MYOB Advanced seems to require updates more frequently than any other software I use. The updating process is generally very fast, but I don't usually see any changes in the software afterwards. It makes using the program a bit of a hassle when I simply want to make a quick entry but have to wait for the update to finish first.

June 2020

Anonymous

Verified Reviewer

Company Size: 1 employee

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

June 2020

Is a great platform for advanced people

This program saves you time and money, if you have experienced the stress of not having everything in place when it comes to numbers, you can understand how good it is to have some relief. MYOB Advanced is the relief platform.

Pros

I like that it's a cloud platform that makes it easy to manage any business. If you struggle financially or administrative and need help managing it, you should use MYOB. Besides, you can get a free demo to make sure it's for your business.

Cons

It is not as intuitive has a used to think still, once I try it I could figure out all the amazing things I could get from this ERP platform. I really worth it.

April 2021

Oscar from Mobsite

Verified Reviewer

Company Size: 2-10 employees

Industry: Information Technology and Services

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

April 2021

Easy to use

Pros

Very clear how I can manage my business with all the info I need in one single place

Cons

How I manage my users could be more simple

Reasons for Switching to MYOB Advanced

More information and link all my data in one single place

April 2020

Peter Junior from Catholic Relief Services

Company Size: 501-1,000 employees

Industry: Computer Software

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

4.0

Functionality

4.0

April 2020

Good Software

Pros

Lovely app with great services. And good customer services

Cons

None. So far the software is great and lovely

May 2020

Anonymous

Verified Reviewer

Company Size: 201-500 employees

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

May 2020

Great for any large scaled organizations

Real time data makes for seamless and fast processing due to cloud-based management!

Pros

Ease of use and vast avaibility of features for the organization

Cons

A bit hard to nagivate and get the hang of the tool at first, there is a learning curve for those new to this technology.

June 2021

Anonymous

Verified Reviewer

Company Size: 11-50 employees

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

June 2021

Great software!

Pros

It’s great that you can keep track of all your finances so easily.

Cons

It’s a little expensive, but in the end, it’s so worth it.