About MYOB Essentials

MYOB Essentials is an online accounting software that has a range of features designed to help businesses across Australia – whether they’re a start-up or a large business. Easily and quickly take care of GST, PAYG and BAS reports, invoices, reporting, expenses, and payroll (including Single Touch Payroll). Designed to save time, increase productivity, and stay up to date with compliance obligations.

MYOB Essentials is online making it easy to work from anywhere. Being online means business owners can invite accountants, bookkeepers, or their business partners to work together on their business books, including managing cash flow and ATO compliance requirements.

Track and reconcile expenses automatically by simply linking a bank account. Compare and improve business performance by creating clear, targeted budgets, and track profit and loss in real time. Pay employees easily and with confidence and give employees access to payslips and timesheets online.

Essentials is automatically updated every time there’s a tax change to keep businesses in step with the ATO.

Key benefits of MYOB Essentials

• Expense tracking - automatically import your banking and credit card transactions securely and directly, always under your control.

• Give your customers more ways to pay with online invoices through AMEX, Visa, Mastercard or BPAY payments

• Updated automatically every time there’s a tax change, like Single Touch Payroll - making you compliant without lifting a finger

• Easily invite bookkeepers, accountants, or business partners into your account to collaborate from anywhere.

• Compare and improve business performance by creating clear, targeted budgets, and track profit and loss in real time

Devices

Business size

S M L

Markets

Australia

Supported Languages

English

Images

Easy online accounting software built for small business
Create dozens of useful reports
Payroll that grows with you
Easily meet your Single Touch Payroll (STP) obligations
Automatically calculate tax and superannuation
Automatically track and manage bills and expenses. Use the MYOB Capture app to take photos of receipts and send them straight to your software. Plus, you can upload bills (drag and drop) or email them straight to your software
Create reports for year-to-date (YTD), payment summaries, turnover, bad debt, liabilities, deductions, accruals and more. Drill down with custom date ranges, tweak and customise against your budgets
Online invoicing and quotes made easy on any device.
Collaborate on goods and services tax return in the cloud
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MYOB Essentials video
MYOB Essentials screenshot: Easy online accounting software built for small business MYOB Essentials screenshot: Create dozens of useful reports MYOB Essentials screenshot: Payroll that grows with you
Easily meet your Single Touch Payroll (STP) obligations
Automatically calculate tax and superannuation MYOB Essentials screenshot: Automatically track and manage bills and expenses. Use the MYOB Capture app to take photos of receipts and send them straight to your software. Plus, you can upload bills (drag and drop) or email them straight to your software MYOB Essentials screenshot: Create reports for year-to-date (YTD), payment summaries, turnover, bad debt, liabilities, deductions, accruals and more. Drill down with custom date ranges, tweak and customise against your budgets MYOB Essentials screenshot: Online invoicing and quotes made easy on any device. MYOB Essentials screenshot: Collaborate on goods and services tax return in the cloud

Features

Total features of MYOB Essentials: 96

  • API
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Applications Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Chart of accounts
  • Collaboration Tools
  • Collections Management
  • Compliance Management
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management
  • Customer Database
  • Customisable Invoices
  • Customisable Reports
  • Dashboard
  • Data Import/Export
  • Data Synchronisation
  • Electronic Payments
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Financial Reporting
  • Forecasting
  • Fraud Detection
  • Fund Accounting
  • General Ledger
  • Goal Setting / Tracking
  • Income & Balance Sheet
  • Inventory Management
  • Inventory Tracking
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Job Management
  • Job Tracking
  • Leave Tracking
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Currency
  • Multiple User Accounts
  • Nonprofits
  • Offline Access
  • Online Invoicing
  • Online Payments
  • Partial Payments
  • Payment Processing
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Profitability Analysis
  • Project Time Tracking
  • Project Tracking
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real Time Data
  • Real Time Reporting
  • Real-time Updates
  • Receipt Management
  • Receivables Ledger
  • Records Management
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reporting/Analytics
  • Revenue Recognition
  • Sales Management
  • Sales Tax Management
  • Sick Leave Tracking
  • Spend Management
  • Supplier Management
  • Tax Calculation
  • Tax Compliance
  • Tax Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timesheet Management
  • Vacation/Leave Tracking
  • Vendor Management

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Reviews

Overall rating

3.8 /5
(84)
Value for Money
3.3/5
Features
3.6/5
Ease of Use
3.7/5
Customer Support
3.2/5

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Showing 5 reviews of 84
Katrina R.
Overall rating
  • Industry: Accounting
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Solid product for small business

Reviewed on 7/11/2018

Has been around for a long time. Tried and tested and is a great product. Starting to price a...

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.

Joanne R.
Overall rating
  • Industry: Information Technology & Services
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

MYOB - easy to use, does what you need

Reviewed on 23/2/2021

Offers features that I need to do to manage the Company Financials. Support has been great and...

Offers features that I need to do to manage the Company Financials. Support has been great and responsive.

Pros

MYOB is intuitive for the user to use, easy to use, simple to setup, has all the features you need to manage the Company finances. Also when regulation changes it quickly incorporates those changes and explains easily how to use the feature.

Cons

MYOB can get quite slow around EOFY - needs more grunt put in place around these times for cloud hosting. There is no live chat within the application for support.

Lee P.
Overall rating
  • Industry: Construction
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 6.0 /10

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

Reviewed on 22/5/2017

For a small firm with limited reporting requirements it is okay but for any jobs with Work...

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.

Joe B.
Overall rating
  • Industry: Computer Software
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Manual System Converted into Digital

Reviewed on 29/12/2020

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

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.

Nicole G.
Overall rating
  • Industry: Staffing & Recruiting
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

One of the top software for bookkeeping

Reviewed on 14/11/2018

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.

Showing 5 reviews of 84 Read all reviews

MYOB Essentials FAQs

Below are some frequently asked questions for MYOB Essentials.

MYOB Essentials offers the following pricing plans:

  • Starting from: A$5.00/month
  • Pricing model: Subscription
  • Free Trial: Available

Essentials Payroll: $5.00 / month Accounting Starter: $13.50 / month Accounting: $24.00 / month Accounting + Payroll: $30.00 / month 50% off for 3 months. A 30-day free trial is available.

We do not have any information about MYOB Essentials features

MYOB Essentials has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000, 1,001+

MYOB Essentials supports the following languages:

English

MYOB Essentials supports the following devices:

Android (Mobile), iPhone (Mobile), iPad (Mobile)

MYOB Essentials integrates with the following applications:

Abtrac, Adfile, AroFlo, Assignar, AutoEntry, Bigcommerce, Cyfe, Debtor Daddy, Employment Hero, Ento, Expiration Reminder, Fathom, Fergus, Fieldmagic, FreshBooks, Function Tracker, GeoOp, InviteBox, InvoiceSherpa, Inzant Sales, Jitterbit, Lightspeed POS, Magento Commerce, Mailchimp, MinuteDock, OneSaas, OpenCart, Panalitix, Pepperi, ProWorkflow, Receipt Bank, SalesIn, Salesforce Sales Cloud, ServiceM8, Shoeboxed, Shopify, SparkPay, Spotlight Reporting, StarShipIt, Tall Emu CRM, Timely, Tradify, Unleashed, Vendo, Volusion, WooCommerce, Workshop Software Online, Zoho CRM, eZee Reservation, ezyCollect, simPRO

MYOB Essentials offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat

Related categories

See all software categories found for MYOB Essentials.