MYOB accounting: 8 products compared

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MYOB accounting: 8 products compared

Deciding which version of MYOB you need? Here is an overview of eight different versions of MYOB and their major features.

[As part of our focus on accounting products we produced the 44-page Australian small business accounting software guide earlier this year. This is a summary of MYOB's accounting product range from that guide.]
 
MYOB has been progressively moving its products into the cloud. There is LiveAccounts, which is a cloud-only product, while the AccountRight range can be used as desktop software, from the cloud, or both.
 
With AccountRight your data can be stored in the cloud and the software can either access it there, or from a copy kept on your hard drive that is kept in sync whenever there’s a live Internet connection. The important thing to keep in mind is with AccountRight, you have to install the software on the computer you’re using - you can’t just use a Web browser, like with LiveAccounts. If you don’t want to pay a monthly fee, you can also pay for an upfront licence for version of AccountRight. That’s if you prefer not to use the cloud features.
 
MYOB LiveAccounts
 
MYOB has also offers the AccountEdge range for Macs. It’s also significant that most of the MYOB range includes M-Powered Invoices (an online payment service), actually built-in. Additional access and per-transaction fees apply if you actually use this capability.
 
Note: We haven't included every product on the market here. Check the MYOB web site for other products not listed here. Remember that just because a certain feature is missing from a product does not mean it is not available as an add-on from the same vendor or a third party.
 
 

LiveAccounts

AccountRight Live Basics

AccountRight Live Standard

AccountRight Live Plus

Price

$29/month

[CORRECTION] $29/month or $348 upfront*

[CORRECTION] $39/month or $468 upfront*

[CORRECTION] $65/month or $780 upfront*

Cloud / Desktop (OS)

Cloud

Cloud/Desktop (Windows)

Cloud/Desktop (Windows)

Cloud/Desktop (Windows)

Maximum simultaneous users with basic licence

Unlimited

[CORRECTION] 5 plus business advisors (1 for upfront licence)

[CORRECTION] 5 plus business advisors (1 for upfront licence)

[CORRECTION] 5 plus business advisors (1 for upfront licence)

Restrict user access

 

Lists of items that you buy  /sell

Lists of customers / suppliers

BAS report

Quotes

• [UPDATED]

Jobs

 

Invoices with online payment options

 

Bank feeds

Inventory

   

Time tracking and billing

     

Payroll

   

Mobile device support

•‡

     

Multiple currencies

       

 

 

AccountRight Premier

AccountEdge Basic

AccountEdge Pro

AccountEdge Network Edition

Price

$1,999

$299

$949

$2,049

Cloud / Desktop (OS)

Desktop (Windows)

Desktop (OS X)

Desktop (OS X)

Desktop (OS X)

Maximum simultaneous users with basic licence

3

1

1

3

Restrict user access

 

Lists of items that you buy  /sell

 

Lists of customers / suppliers

BAS report

Quotes

Jobs

Invoices with online payment options

Bank feeds

       

Inventory

 

Time tracking and billing

 

Payroll

 

Mobile device support

 

Multiple currencies

 

[CORRECTION: Please note this table has been corrected since it was first published. The corrections are marked in the table.]

* Upfront licences are for offline use on a single computer
‡ Works in browser, but no specific mobile support

 


 

Want more info? The essential resource is the 44-page Australian small business accounting software guide. The guide compares MYOB, Xero and others, as well as payroll, bookkeepers and other software basics. Click here to register for free and download it.

 

 

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