Who Uses MYOB Essentials?

Small to medium businesses in New Zealand & Australia.

What Is MYOB Essentials?

MYOB Essentials is the fast and easy way to manage your cash flow and IR compliance requirements. Includes time saving features to help take care of the day-to-day bookwork. Say goodbye to cashflow headaches with a clear picture of what’s coming in and what’s going out. Automatically track and manage bills and expenses. Take care of payroll in 3 easy steps.

MYOB Essentials Details

MYOB

https://www.myob.com/au/accounting-software/essentials

Founded 1991

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MYOB Essentials pricing overview

See pricing plans

MYOB Essentials does not have a free version but does offer a free trial. MYOB Essentials paid version starts at $25.00/month.


Starting Price

$25.00/month See pricing details

Pricing Details

Software starts from $25 + GST per month. 90 day money back guarantee.

Free Version

No

Free Trial

MYOB Essentials deployment and support

Support

  • Business Hours
  • Online

Deployment

  • Cloud, SaaS, Web
  • Mobile - iOS Native
  • Mobile - Android Native

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

MYOB Essentials Features

  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management

View full list of Accounting Software

  • ACH Payment Processing
  • Aging Tracking
  • Billing & Invoicing
  • Check Processing
  • Collections Management
  • Customer Statements
  • Online Payment Processing
  • Overpayment Processing
  • Partial Payments
  • Receivables Ledger
  • Recurring Billing

View full list of Accounts Receivable Software

  • Billing Portal
  • Contact Database
  • Contingency Billing
  • Customisable Invoices
  • Dunning Management
  • Hourly Billing
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Payment Processing
  • Project Billing
  • Recurring/Subscription Billing
  • Tax Calculator

View full list of Billing and Invoicing Software

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Cash Management
  • Collections
  • Expense Tracking
  • Fixed Asset Management
  • General Ledger
  • Payroll Management
  • Revenue Recognition
  • Spend Management
  • Tax Management

View full list of Bookkeeping Software

  • "What If" Scenarios
  • Asset Planning
  • Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • Forecasting
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Version Control

View full list of Business Budgeting Software

  • Ad Hoc Reports
  • Ad hoc Analysis
  • Budgeting & Forecasting
  • Consolidation / Roll-Up
  • Dashboard
  • Key Performance Indicators
  • Predictive Analytics
  • Qualitative Analysis
  • Quantitative Analysis
  • Scorecarding
  • Strategic Planning

View full list of Business Performance Management Software

  • Buy-Here-Pay-Here
  • Collections Management
  • Expense Management
  • Financing Management
  • Inventory Management
  • Lease-Here-Pay-Here
  • Parts Management
  • Payroll Management
  • Recurring Billing
  • Sales Management
  • Sales Tax Management
  • Service Department

View full list of Car Dealer Accounting Software

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Budgeting & Forecasting
  • Donation Tracking
  • Fund Accounting
  • Grant Management
  • Payroll Management
  • Project Accounting
  • Purchasing & Receiving

View full list of Charity Accounting Software

  • Accounts Payable
  • Accounts Receivable
  • Asset Tracking
  • Bank Reconciliation
  • Budgeting/Forecasting
  • Donation Management
  • Fund Accounting
  • Payroll Management

View full list of Church Accounting Software

  • Accounts Payable
  • Accounts Receivable
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Cash Management
  • Construction Breakdowns
  • General Ledger
  • Job Costing
  • Overrun Projections
  • Payroll Management
  • Purchase Order Management
  • Quotes / Estimates

View full list of Construction Accounting Software

  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
  • Asset Management
  • Bank Reconciliation
  • Budgeting & Forecasting
  • Compliance Management
  • Donor Management
  • General Ledger
  • Partnership Accounting
  • Purchasing & Receiving

View full list of Fund Accounting Software

  • 401(k) Tracking
  • Benefits Management
  • Check Printing
  • Direct Deposit
  • Multi-Country
  • Multi-State
  • Payroll Outsourcing
  • Payroll Reporting
  • Self Service Portal
  • Tax Compliance
  • Vacation/Leave Tracking
  • W-2/1099 Preparation
  • Wage Garnishment

View full list of Payroll Software

  • Accounts Payable
  • Attendance Management
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Class Loading
  • Fixed Asset Management
  • For Private Schools
  • Fund Accounting
  • General Ledger
  • K-12
  • Payroll Management
  • Purchasing

View full list of School Accounting Software

  • Activity Tracking
  • Billing & Invoicing
  • Expense Tracking
  • Project Tracking
  • Reimbursement Management
  • Time Tracking
  • Time Tracking by Client
  • Time Tracking by Project

View full list of Time and Expense Software

  • Accrual Accounting
  • Activity Tracking
  • Asset Gain & Loss Reporting
  • Check Writing
  • Compliance Management
  • Cross Ledger Posting
  • Customer Statements
  • Fee Calculation & Posting
  • Receipt Management
  • Tax Management

View full list of Trust Accounting Software

MYOB Essentials Alternatives - Capterra New Zealand 2021

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MYOB Essentials Reviews

Read all reviews

Overall rating

3.8/5

Average score

Ease of Use 3.8
Customer Service 3.3
Features 3.6
Value for Money 3.3

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Katrina R.
Senior Accountant
Accounting, 11-50 Employees
Used the Software for: 2+ years
  • Overall Rating
    5 /5
  • Ease of Use
    5 /5
  • Features & Functionality
    4 /5
  • Customer Support
    4 /5
  • Value for Money
    4 /5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 7/11/2018

"Solid product for small business"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 7/11/2018
Joe B.
DevOps Engineer
Computer Software, 51-200 Employees
Used the Software for: 1-5 months
  • Overall Rating
    4 /5
  • Ease of Use
    5 /5
  • Features & Functionality
    3 /5
  • Customer Support
    5 /5
  • Value for Money
    5 /5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 29/12/2020

"Manual System Converted into Digital"

Comments: MYOB has changed the way we work, simplifies book keeping to take away so much pain

Pros: - Easy to signup and simple setup to get things started
- Pricing - Special offer for new start ups
- Invoice reminders
- Invoice templates look very professional
- Invoice shows when customer / vendor have viewed (SUPER HELPFUL)
- Intray for emailing receipts and tracking

Cons: - Not being able to invoice in multiple currencies, have to workarond this by invoicing in the charable foreign currency then after payment is recieved adjusting the template to the local amount that is received.

  • Reviewer Source 
  • Reviewed on 29/12/2020
Gavin P.
Chief Finance Officer
Hospital & Health Care, 11-50 Employees
Used the Software for: 6-12 months
  • Overall Rating
    3 /5
  • Ease of Use
    5 /5
  • Features & Functionality
    3 /5
  • Customer Support
    3 /5
  • Value for Money
    5 /5
  • Likelihood to Recommend
    6/10
  • Reviewer Source 
  • Reviewed on 23/11/2016

"MYOB in the Clouds"

Comments: 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.

  • Reviewer Source 
  • Reviewed on 23/11/2016
Verified Reviewer
Founder/ Managing Director
Civil Engineering, Self Employed
Used the Software for: 1-5 months
  • Overall Rating
    4 /5
  • Ease of Use
    5 /5
  • Features & Functionality
    5 /5
  • Customer Support
    Unrated
  • Value for Money
    3 /5
  • Likelihood to Recommend
    5/10
  • Reviewer Source 
  • Reviewed on 2/11/2020

"Great software, but too pricey for my needs"

Comments: Good software with lots of useful functionality, but too pricey for my needs and too cumbersome compared to other options

Pros: MYOB will polished with lots of mine integrations and options.

Cons: There are a number of different portals with different purposes and I would get lost sometimes navigating the various sites.

  • Reviewer Source 
  • Reviewed on 2/11/2020
Nicole G.
Personal Assistant/Administration/Accounts Administration
Staffing & Recruiting, 201-500 Employees
Used the Software for: 2+ years
  • Overall Rating
    4 /5
  • Ease of Use
    4 /5
  • Features & Functionality
    4 /5
  • Customer Support
    3 /5
  • Value for Money
    3 /5
  • Likelihood to Recommend
    8/10
  • Reviewer Source 
  • Source: GetApp
  • Reviewed on 14/11/2018

"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.

  • Reviewer Source 
  • Source: GetApp
  • Reviewed on 14/11/2018