- MYOB suits inventory-heavy and payroll-heavy Australian businesses
- Plans run about A$11 (SOLO) to A$210/month in 2026, payroll extra on lower tiers
- Owners who would rather not run software can hand accounting to a managed provider
MYOB is a solid, ATO-connected accounting platform for Australian small businesses that need invoicing, bank feeds, payroll and BAS in one place, and it suits product-based and payroll-heavy businesses particularly well. It is not the cheapest option for a sole trader, and its interface feels dated next to Xero. The honest verdict: MYOB earns its place for businesses that value strong payroll and inventory, while owners who would rather not run software at all are often better served by a managed accountant.
MYOB review 2026: the verdict
MYOB is one of two platforms (alongside Xero) that most Australian accountants know inside out, so support and integrations are rarely a problem. Its strongest cards are inventory management and payroll, both of which run more deeply than many rivals at the same tier.
Where it falls short is everyday usability. The AccountRight desktop lineage still shows, and first-time users often find the layout busier than Xero’s. Pricing has also crept up, which narrows MYOB’s old value advantage.
|
MYOB is a good fit if you |
Look elsewhere if you |
|---|---|
|
Carry stock and need real inventory tracking |
Want the simplest possible interface |
|
Run regular payroll for several staff |
Are a sole trader on a tight budget |
|
Want a platform Australian accountants widely support |
Would rather not touch software at all |
|
Need job tracking and detailed reporting |
Only raise a handful of invoices a month |
What is MYOB and what does it do?
MYOB (Mind Your Own Business) is an Australian accounting software company whose products cover invoicing, expense tracking, bank reconciliation, GST and BAS reporting, payroll with Single Touch Payroll, and inventory. Its current range sits under the MYOB Business banner, with the heavier AccountRight Plus and Premier plans aimed at larger or more complex operations.
The platform connects directly to the ATO for Single Touch Payroll and BAS lodgement, which keeps compliance reporting inside the one tool. For product businesses, MYOB’s inventory and job-costing features are a genuine draw that lighter platforms handle less thoroughly.
Most small businesses use MYOB for the daily cycle of quoting, invoicing, chasing payment and reconciling the bank, then lean on the payroll and BAS features at pay runs and quarter end. The best accounting platforms in Australia compete largely on how smoothly they handle exactly this cycle.
How much does MYOB cost in 2026?
MYOB pricing starts at about A$11 per month for SOLO by MYOB, a mobile app aimed at sole traders, and runs up to A$210 per month for AccountRight Premier, as of July 2026 (figures are GST exclusive; confirm the current rate at myob.com before you commit). Within the main MYOB Business range, the entry Lite plan is A$35 per month. Payroll is charged as an add-on of about A$3 per employee per month on the two lower Business plans, while the AccountRight plans include unlimited payroll.
|
MYOB plan |
Monthly price (GST excl.) |
Best for |
|---|---|---|
|
SOLO by MYOB |
A$11 |
Sole traders (mobile app) |
|
Business Lite |
A$35 |
Sole traders, up to 2 employees |
|
Business Pro |
A$70 |
Growing small businesses |
|
AccountRight Plus |
A$165 |
Payroll-heavy or inventory businesses |
|
AccountRight Premier |
A$210 |
Larger teams, multi-currency needs |
SOLO is now MYOB’s true entry point, so if you invoice occasionally and do not need full desktop-grade accounting, it is worth pricing before you default to Lite. For most growing businesses, MYOB Business Pro plus payroll add-ons tends to be the value sweet spot until you have a larger payroll, at which point AccountRight Plus and its included payroll starts to make more sense. Always price the payroll add-on into any comparison, because it can quietly change which plan is cheapest for your headcount.
What features does MYOB actually include?
MYOB covers the full core of small business accounting: customised invoicing and quotes, automated bank feeds and reconciliation, GST tracking with prepared BAS, and Single Touch Payroll reporting to the ATO. Higher tiers add inventory management, job tracking, multi-currency and more detailed financial reporting.
Payroll is a standout. MYOB handles pay runs, superannuation calculations at the current 12% Superannuation Guarantee rate (effective 1 July 2025, per the ATO), leave accruals and STP Phase 2 reporting. For businesses with regular payroll, that depth is a real reason to choose it.
The trade-off is that switching on everything MYOB offers takes setup effort, and some features live only on the pricier AccountRight plans. Smaller businesses can end up paying for capability they never use.
What are the main pros and cons of MYOB?
The clearest advantages are strong payroll and inventory, direct ATO integration for STP and BAS, and near-universal familiarity among Australian accountants and bookkeepers. If your accountant already works in MYOB, collaboration is frictionless.
The drawbacks are a busier, more dated interface than Xero, pricing that has climbed over recent years, and a learning curve on the AccountRight plans. Some users also report that support wait times vary at peak periods such as end of financial year.
TIPMYOB vs Xero: which suits your business?
MYOB tends to win on inventory and on payroll depth at the lower tiers, while Xero wins on ease of use and a larger app marketplace. Xero’s Australian plans run from A$37 per month for Ignite to A$143 per month for Ultimate 10, as of July 2026, with payroll included but capped by employee count per plan.
The practical split is this: choose MYOB if you carry stock or run frequent payroll, and lean Xero if you want the gentlest interface and the widest integrations. For the full head-to-head on features and pricing, the MYOB vs Xero comparison breaks down each scenario, and if you are also weighing Intuit’s option, the QuickBooks vs Xero breakdown covers that pairing.
Who should use MYOB, and who shouldn’t?
MYOB suits established small businesses with stock to track, regular payroll to run, or an accountant who already works in the platform. Product retailers, trades with staff, and services firms with several employees all tend to get good value from it. Sole traders who want something minimal now have SOLO as a cheaper MYOB option, though even that assumes you want to run the software yourself.
It is a weaker fit for solo operators who invoice occasionally, or for anyone who finds accounting software stressful and would rather hand the whole thing over. In those cases the software itself is rarely the real problem: the time and the risk of getting BAS or payroll wrong are.
That is the point at which many owners stop comparing platforms and instead ask a small business accountant to run the books for them, software included.
How Sleek helps you skip the software decision
If choosing and running accounting software feels like a chore you would rather avoid, Sleek offers managed accounting where the platform choice is handled for you. A dedicated accountant looks after bookkeeping, BAS and your company tax return, so you are not the one reconciling the bank or lodging STP.
Sleek accounting starts from A$180 per month for sole traders and from A$275 per month for companies (pricing as of July 2026), and if you are moving off an existing tool, the guide to switching accountants walks through migrating your data cleanly. You can also add bookkeeping so the day-to-day is covered too.
Ready to stop wrestling with accounting software?
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Frequently Asked Questions
Is MYOB good for small business?
Yes, MYOB is a capable choice for Australian small businesses, especially those that carry inventory or run regular payroll. It connects directly to the ATO for Single Touch Payroll and BAS, and it is widely supported by local accountants. Sole traders who invoice only occasionally may prefer MYOB’s cheaper SOLO app, a lighter platform, or a fully managed accountant.
How much does MYOB cost in 2026?
MYOB pricing runs from about A$11 per month for the SOLO sole-trader app, through A$35 per month for MYOB Business Lite, up to A$210 per month for AccountRight Premier, as of July 2026 and excluding GST. On the two lower Business plans, payroll is an add-on of roughly A$3 per employee per month, while the AccountRight plans include unlimited payroll. Confirm current pricing at myob.com before subscribing.
MYOB or Xero, which is better?
Neither is universally better; it depends on your business. MYOB generally leads on inventory and lower-tier payroll depth, while Xero leads on ease of use and its app marketplace. Product businesses and payroll-heavy teams often prefer MYOB, and owners who want the simplest interface often prefer Xero.
Does MYOB handle payroll and STP?
Yes. MYOB processes pay runs, calculates superannuation at the current 12% Superannuation Guarantee rate, tracks leave, and reports through Single Touch Payroll Phase 2 to the ATO. Payroll is included on the AccountRight plans and available as a per-employee add-on on the MYOB Business Lite and Pro plans.
Can I switch from MYOB to another system?
Yes, you can move from MYOB to another platform or to a managed accountant, and your historical data can be migrated. The main tasks are exporting your chart of accounts, contacts and transaction history, and reconciling opening balances in the new system. A bookkeeper or accountant can manage the migration to avoid gaps at BAS time.
Do I still need an accountant if I use MYOB?
Software like MYOB records and reports your numbers, but it does not replace the judgment of an accountant for tax planning, structuring or year-end review. Many businesses use MYOB day to day and an accountant periodically. Others prefer a managed service that runs the software and the compliance together.
Is MYOB Australian owned?
MYOB is an Australian-founded accounting software business with a long history serving local small businesses, and its products are built around Australian tax and payroll rules such as GST, BAS and Single Touch Payroll. This local focus is part of why it is so widely supported by Australian accountants and bookkeepers.
