MYOB

MYOB: business management software for companies in Australia and New Zealand

MYOB is a business software company whose platform brings together accounting, invoicing, payroll, inventory management, and financial reporting. According to its own presentation, more than a million people in Australia and New Zealand use its products. The company structures its offering around four audiences: sole traders, small businesses, medium and large businesses, and accounting and advisory firms.

Products for sole traders and small businesses

The small business range includes several applications differentiated by size and need:

• Solo by MYOB: all-in-one mobile app for sole traders, with admin, banking, and payments features.
• MYOB Business Lite: aimed at sole traders and small businesses with up to two employees.
• MYOB Business Pro: designed for small to medium businesses with multiple employees.
• MYOB Business Payroll Only: standalone payroll for businesses with up to four employees.
• MYOB Business AccountRight Plus: for established businesses that need to fast track pay runs and manage inventory.
• MYOB Business AccountRight Premier: for complex businesses with multiple locations, jobs, or currencies.
• AI BAS (beta): AI-powered solution that transforms BAS preparation into a continuous workflow, available to Australian MYOB Lite and Pro customers.

Accounting, tax, and invoicing features

The platform lets you create and send invoices from any device, with automatic or AI-assisted payment reminders and online payment options. On the tax side, it automatically calculates, records, and pre-fills GST amounts in the BAS, generates BAS reports, and sends them directly to the ATO. Accountants, advisors, or business partners can access the software at no additional cost. Expense management and bank reconciliation are handled within the same tool.

Payroll, teams, and stock control

The payroll module includes Single Touch Payroll (STP) reporting to the ATO, automatic calculation of superannuation, PAYG, and leave entitlements, and the MYOB Team app so employees can onboard themselves, check shifts, download payslips, and request leave. For inventory, the system lets you import existing data, create products, select items for reorder, generate purchase orders, and send them to suppliers. Integration with apps such as Squarespace, Square, and Shopify syncs data without manual entry, and the MYOB marketplace offers more than 350 connectable apps.

Solutions for medium and large businesses

For organisations with more complex financial, inventory, and workforce needs, MYOB offers an ERP that covers financial management, workforce management, inventory and distribution, CRM, payroll, reporting and business intelligence, project accounting, purchase orders, warehouse management, sales orders, and employee onboarding software. The company mentions industry-specific applications for manufacturing, construction, field services, wholesale distribution, and non-profits, and includes implementation and planning services with accredited partners.

Tools for accountants and advisors

The professional segment has products for practice management, document management, workpapers and reports, tax returns, BAS, and ERP for practices, as well as a partner program. MYOB also maintains training and community resources, such as business guides, templates, customer stories, MYOB Academy, and MYOB Community.

Access, platforms, and contracting

The software runs on Mac and PC, and has apps for iOS and Android, so information can be accessed outside business hours. The company states that it does not require lock-in contracts and that cancellation can be done at any time without charges. The site shows customer stories such as Cardigang, Multi Dwell Developments, and Hegi Design House.