Nash Solutions Accountants & Business Advisors, Financial Planning, Budgeting, Taxation, Manning Valley, NSW, Australia
MYOB

MYOB accounting software

MYOB covers software solutions for businesses of all kinds and sizes, from one employee to over 100. In the small business department, MYOB offers two different accounting software solutions, MYOB Essentials and MYOB AccountRight, each with multiple price points to choose from.

What plans does MYOB offer?


MYOB Essentials Payroll


Ideal for small businesses looking to keep on top of their payroll systems, MYOB Essentials Payroll includes features such as Single Touch Payroll (STP), automated tax obligations and super contributions as well as PAYG leave entitlement for up to four employees, ensuring that your finances are kept working smoothly. Essentials Payroll is $10/month.


MYOB Essentials


Ideal for new or smaller businesses, MYOB Essentials aims to help you get your foot in the accounting door, with a number of plans to help make payroll, tax time and invoicing easier, with options to also manage your bills and expenses to keep you on top of your cash flow.


The MYOB Essentials plans include:


Accounting Starter ($27/month), which allows you to create a maximum of five invoices per month, along with track and prepare BAS and GST statements.


Accounting ($48/month), ideal for small businesses and sole traders as it allows payroll functions for just one employee, as well as allows you to send unlimited invoices, and manage bills and expenses.


Accounting + Payroll ($60/month), for managing business and payroll, with no limit on the number of staff you can enter into payroll, as well as unlimited transactions between linked bank accounts.


MYOB AccountRight


More suited to larger businesses, MYOB Account Right includes a number of plans to choose from, helping you to manage bills and invoices, as well as ensure pay, super and leave are all kept up to date, with the most expensive option even helping you navigate the overseas exchange rate. MYOB Account Right plans include:


Standard ($70/month), which calculates and tracks GST, manages bills, quotes and invoices, as well as manages inventory.


Plus ($109/month), which allows businesses to pay employees, pay super and track leave, as well as create purchases and manage suppliers.


Premier ($140/month), allows you to manage two company accounts, deal with overseas currencies as well as help with the day-to-day running of the business.


MYOB Features


All MYOB small business accounting subscription software includes the following functions:


 Works online


  • Calculate & track GST
  • Manage quotes, invoices, and statements
  • Accept payment from invoices (via PayDirect Online)
  • Sell items, services, or both
  • Track and pay expenses
  • Manage customers and suppliers
  • Bank feeds (syncs with your bank accounts and credit card)
  • ATO SuperStream compliance
  • Payroll with automatic leave calculation and real-life timesheets access for employees
  • Inventory management



MYOB also offers the MYOB Invoice app for both iOS and Android systems, and is included with both Essentials and AccountRight plans – making it easier to manage and perform accounting functions when you're away from your desk. The app doesn't include full access to everything in your plan, but does cover invoice tracking, contacts adding, in-app invoice creation, and payment processing.

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