Microsoft Dynamics GP is an ERP software with accounting capabilities. It includes various packs for customizability and features tailored to specific industries’ needs. GP is offered as a perpetual license or subscription.
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MYOB
Score 7.7 out of 10
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MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks.
$11
per month
Pricing
Microsoft Dynamics GP
MYOB
Editions & Modules
No answers on this topic
Solo
$11
per month
Lite
$34
per month
Pro
$63
per month
Premier
$88.50
per month
Account Right Plus
$150
per month
Offerings
Pricing Offerings
Microsoft Dynamics GP
MYOB
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Microsoft Dynamics GP
MYOB
Features
Microsoft Dynamics GP
MYOB
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Dynamics GP
6.6
Ratings
16% below category average
MYOB
10.0
Ratings
26% above category average
Pay calculation
6.00 Ratings
10.00 Ratings
Benefit plan administration
7.00 Ratings
10.00 Ratings
Direct deposit files
7.00 Ratings
10.00 Ratings
Salary revision and increment management
7.00 Ratings
10.00 Ratings
Reimbursement management
6.00 Ratings
10.00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics GP
7.0
Ratings
9% below category average
MYOB
10.0
Ratings
27% above category average
API for custom integration
7.00 Ratings
10.00 Ratings
Plug-ins
7.00 Ratings
10.00 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics GP
6.5
Ratings
25% below category average
MYOB
10.0
Ratings
18% above category average
Single sign-on capability
6.00 Ratings
10.00 Ratings
Role-based user permissions
7.00 Ratings
10.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics GP
6.7
Ratings
16% below category average
MYOB
10.0
Ratings
24% above category average
Dashboards
7.00 Ratings
10.00 Ratings
Standard reports
7.00 Ratings
10.00 Ratings
Custom reports
6.00 Ratings
10.00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Dynamics GP
6.7
Ratings
15% below category average
MYOB
9.1
Ratings
16% above category average
Accounts payable
6.00 Ratings
10.00 Ratings
Accounts receivable
7.00 Ratings
10.00 Ratings
Cash management
6.00 Ratings
10.00 Ratings
Bank reconciliation
6.00 Ratings
10.00 Ratings
Expense management
7.00 Ratings
10.00 Ratings
Time tracking
7.00 Ratings
6.00 Ratings
Fixed asset management
6.00 Ratings
10.00 Ratings
Multi-currency support
8.00 Ratings
10.00 Ratings
Multi-division support
7.00 Ratings
10.00 Ratings
Regulations compliance
6.00 Ratings
10.00 Ratings
Electronic tax filing
7.00 Ratings
5.10 Ratings
Self-service portal
7.00 Ratings
6.30 Ratings
Global Financial Support
6.00 Ratings
10.00 Ratings
Primary and Secondary Ledgers
7.00 Ratings
10.00 Ratings
Intercompany Accounting
6.00 Ratings
10.00 Ratings
Localizations
8.00 Ratings
10.00 Ratings
Journals and Reconciliations
7.00 Ratings
10.00 Ratings
Enterprise Accounting
6.00 Ratings
2.80 Ratings
Configurable Accounting
7.00 Ratings
10.00 Ratings
Centralized Rules Framework
6.00 Ratings
10.00 Ratings
Standardized Processes
7.00 Ratings
10.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics GP
6.8
Ratings
8% below category average
MYOB
10.0
Ratings
31% above category average
Inventory tracking
7.00 Ratings
10.00 Ratings
Automatic reordering
6.00 Ratings
10.00 Ratings
Location management
8.00 Ratings
10.00 Ratings
Manufacturing module
6.00 Ratings
10.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
It does accounting really well, it does payroll not so well. I say this because when you get into states that have complicated payroll laws like California, overtime calculations are hard to setup and get right. Same goes for other states when they do out of the normal pay structure like piece rate pay. It does HR, A/P and A/R really well and we have had no issues on that side; just payroll when it comes to certain states and how we do anything that is not salary or hourly.
For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Able to be extended into multiple areas of your business
One feature we have been using for a few years is EFT for payables - it has significantly reduced the time spent paying vendors and reduced our check printing and mailing costs. It is very easy to setup and use.
Having an integration between Project Accounting and Field Service would be amazing! There are so many companies that have service technicians that perform work on a customer's contract but also have a need for project accounting functionality within that customer's contract. Right now those modules are separate so you either need to use one or duplicate some efforts if you need to use both.
Microsoft Dynamics GP could do a better job documenting their new enhancements to the product. They realize great enhancements but the documentation about them, or new products, is lacking so it is difficult as a consultant to know everything a new feature can do for me and my customers.
They could enhance their forecasting capabilities with a new forecasting tool within Management Reporter.
Due the economic challenges that Puerto Rico is having, the company has had to merge some companies in order to be more efficient. It has been easy in GP to process those merges, even thought we had to spend days to accomplish that the process was smooth and accurate. In addition we were able to streamline the purchasing and sales process and the organization is confident to keep renewing GP for the future versions.
Overall usability of the older model is not quite so user friendly for the basic bookeeper, but at an accountants level we can generate all the necessary reports and create Sales Orders, Purchase orders and invoices - though it is a bit redundant to enter the sales and purchase orders separately instead of being able to convert a sales order directly to a puchase order by applying a price book like the newer versions can.
Still 10 for me, I have no problem at all using this toll even it hangs sometimes, I need to log in again to refresh it and it always ask to update the MYOB app. i Also like the security of this platform, iT always asks for the code (before logging in.
MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
Basically the challenge with this implementation was the Business Portal, too many errors and even the aplication is up and running the users are still having issues. We will start planning the migraton to GP 2015 soon.
Because GP doesn't do CRM we have looked at D365 Customer Engagement for our field service, and F&O as a replacement. Vaporware, no direct upgrade path, and if you want to continue with GP for your back office and just use Field Service it's an insanely complex integration import/export. D365 F&O is a huge implementation cost, and without a direct migration path every bit of data has to be custom imported. There really is no straightforward way to stack up GP against these programs currently. Again, the future of GP is in some doubt.
I found Xero just a little to plain for my liking, I went with MYOB for my second business as it was easier to do this, and I already knew how it all worked. Xero does have a few features that are pretty good, but overall I think MYOB is a better product.
If implemented properly, the product can save many hours of data entry time - specifically by setting up integrations of large data sets.
Many times the underlying business process must be adjusted to accommodate software limitations. By being flexible, a company can leverage their users' skills in combination with GP to make data entry faster and more efficient. I have seen many companies eliminate the need for data entry personnel as well as reallocate employee hours to more skilled positions such as reporting and analytics.
Poor implementations, on the other hand, can cause employees to hate their jobs and the software. This isn't specific to GP but to the software industry in general.