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
View 8 more
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: 52

  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Application Integration
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Compliance Management
  • Contact Management
  • Customer Database
  • Customisable Reporting
  • Data Import
  • Data Synchronisation
  • Electronic Payments
  • Expense Claims
  • Expense Tracking
  • General Ledger
  • Goal Setting / Tracking
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Invoice Processing
  • Job Management
  • Job Tracking
  • Leave Tracking
  • Mobile Integration
  • Multi-Currency
  • Multiple User Accounts
  • Offline Access
  • Payroll Management
  • Profit / Loss Statement
  • Profitability Analysis
  • Project Time Tracking
  • Project Tracking
  • Purchase Order Management
  • Quote Management
  • Real Time Data
  • Real Time Reporting
  • Real Time Updates
  • Records Management
  • Recurring Billing
  • Sales Tax Management
  • Sick Leave Tracking
  • Supplier Management
  • Third Party Integration
  • Time & Expense Tracking
  • Timesheets

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Reviews

Overall rating

3.8 /5
(81)
Value for Money
3.3/5
Features
3.6/5
Ease of Use
3.8/5
Customer Support
3.3/5

Already have MYOB Essentials?

Software buyers need your help! Product reviews help the rest of us make great decisions.

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Showing 5 reviews of 81
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.

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.

Gavin P.
Overall rating
  • Industry: Hospital & Health Care
  • Company size: 11-50 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

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

MYOB in the Clouds

Reviewed on 23/11/2016

Windows based product with very easy to use menus. It has all the bells and whistles of modern...

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.

Verified Reviewer
Overall rating
  • Industry: Civil Engineering
  • Company size: Self Employed
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 5.0 /10

Great software, but too pricey for my needs

Reviewed on 2/11/2020

Good software with lots of useful functionality, but too pricey for my needs and too cumbersome...

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.

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 81 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.

MYOB Essentials offers the following features:

  • API
  • Accept payment from invoices (PayDirect Online)
  • Accept timesheets via online or mobile
  • Accounting integration
  • Accounting management
  • Accounting, GST and BAS
  • Activity dashboard
  • Application integration
  • Audit trail
  • Automatic leave calculation
  • Automatic updates
  • Bank feeds
  • Bank reconciliation
  • Banking & credit card transaction import
  • Billing & invoicing
  • Bookkeeping
  • Budgeting
  • Cash flow statement
  • Cash management
  • Collaboration tools
  • Compensation calculation
  • Compliance management
  • Contact management
  • Coordinate payroll
  • Create and track jobs
  • Customizable reporting
  • Expense claims
  • General ledger
  • Goal setting
  • Income statements
  • Inventory management
  • Inventory tracking
  • Invoice management
  • Invoice processing
  • Leave tracking
  • Live reporting
  • LiveChat support
  • MYOB BankFeeds
  • Manage customers and suppliers
  • Manage inventory items list
  • Mobile friendly
  • Mobile integration
  • Mobile transaction synchronization
  • Multi-currency
  • Multi-user access
  • Multiple accounts
  • Multiple user accounts
  • No lock in contracts
  • Offline access
  • Online support
  • Pay employees & track leave
  • Payment tracking
  • Payroll management
  • Profit / loss statement
  • Profitability analysis
  • Project time tracking
  • Project tracking
  • Purchase order management
  • Quote management
  • Real time cash flow management
  • Real time data
  • Real-time timesheets access for employees
  • Records management
  • Recurring billing
  • Sales tax management
  • Secure login
  • Sick leave tracking
  • Smartphone app
  • Tax updates
  • Time & expense tracking
  • Time billing
  • Timesheets
  • Track and pay expenses
  • Track inventory levels
  • Track profit and loss on jobs

MYOB Essentials has the following typical customers:

Small Business, Large Enterprises, Non Profit, Freelancers, Mid Size Business

MYOB Essentials supports the following languages:

English

MYOB Essentials supports the following devices:

Android, iPhone, iPad

MYOB Essentials integrates with the following applications:

Debtor Daddy, Deputy, Ento, GeoOp, Idronic, Onsight, Pepperi, ServiceM8, Timely, WorkflowMax

MYOB Essentials offers the following support options:

Forum, Knowledge Base, Phone Support, Video Tutorials, Online Support, FAQs

Related categories

See all software categories found for MYOB Essentials.