MYOB vs. AccountEdge

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 7.6 out of 10
N/A
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
AccountEdge
Score 6.0 out of 10
Small Businesses (1-50 employees)
AccountEdge is a small business accounting software for Mac and Windows users. AccountEdge allows business owners to organize, process, and report on their financial information. Its features include accounting, integrated payroll, sales and purchases, contact management, inventory, and time billing. It was acquired by Priority Software in January 2018 to expand that company's small business portfolio.
$20
per month
Pricing
MYOBAccountEdge
Editions & Modules
Solo
$11
per month
Lite
$34
per month
Pro
$63
per month
Premier
$88.50
per month
Account Right Plus
$150
per month
AccountEdge Pro
$20
per month
AccountEdge Network Edition
$30
per month
AccountEdge Hosted
$50
per month
Offerings
Pricing Offerings
MYOBAccountEdge
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MYOBAccountEdge
Considered Both Products
MYOB
Chose MYOB
I selected MYOB because most of our clients are using this tool, this is the most convenient accounting software for them that's why we adopted MYOB app and MYOB website. We also covered a training for our clients to make them see that this accounting tool is easily to use.
Chose MYOB
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.
Chose MYOB
better than Xero in several ways. Easy to use (if you can get it working by yourself without any support)
Chose MYOB
I did a trial run on Xero I had trouble finding how to set up things, the customer support was terrible. The support you get from MYOB when you need it is really good.
Chose MYOB
the feature, reporting are much better than saasu. from developer's perspective, MYOB also allows us to pull the data a lot. Unlike Saasu where it limits the users to retrieve data on daily basis. There is a cost to use MYOB, but definitely worth it.
Chose MYOB
We use deputy for timesheets, and it is much better than MYOB
Chose MYOB
Some of my clients switched to Xero as they were using MYOB ACE payroll before but ACE payroll is a workstation based application which is not supported on Microsoft Server 2016 or Microsoft Server 2019. The only upgrade was the essentials and essentials plus but it was …
Chose MYOB
Better platform, similar pricing, and much better customer communications and service.
Chose MYOB
Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for …
Chose MYOB
MYOB is not a very good program (technically speaking), is far too slow and cumbersome, has hardly changed in 20 years, is not well supported and is far too expensive for what it is - don't buy it or use it - it is a waste of time and money and will let you down.
Chose MYOB
It was selected only because it works with MAC. I prefer Thomson Reuter softwares. Software like QuickBooks and MYOB allows uneducated clients to manipulate their numbers when they shouldn't. This makes more work for everyone.
Chose MYOB
MYOB may have other options that are cloud based and better for business as they make simple, easy to use software. We used the database version locally on our machines and it was difficult for our sales and accounting as only one person can edit at any given time.
AccountEdge
Chose AccountEdge
Originally the decision was made for us when Quickbooks abandoned Mac users for a number of years. However, now that QuickBooks has returned to serving the Mac market, we are satisfied with AccountEdge's support of our platform. The user-friendly interface has made it easy for …
Chose AccountEdge
I have considered Quickbooks, but a cursory use did not lead me to believe that it was a good replacement for us. I might take a look again in the future if we can't link bank accounts to AccountEdge soon.
Chose AccountEdge
I haven't tried any alternatives other than using Quicken for my personal use.
Chose AccountEdge
Originally Account Edge topped out other comparable accounting suites with the feature set sought after for account management, order-invoice creation & user based role deployment on the server side out to workstation use. This has not changed to current revision & we are …
Chose AccountEdge
I think AccountEdge is superior to Peachtree, which is not a high bar. Its compatibility with MAC OS is good, but I think Xero will be taking much of the Mac based customers as it appears to be a better product.
Chose AccountEdge
My hands down preference is to keep my accounting off of the cloud but that is not always the case with my clients. So, to make this comparison somewhat fair I will consider only the items containing parity in cloud vs desktop.

AccountEdge vs Xero. AccountEdge has superior …
Chose AccountEdge
A number of my clients use QuickBooks, mostly on PCs, so I'm quite familiar with what it does. I'm just glad I'm using AccountEdge for my own accounting, because it's more straightforward and doesn't create 'hidden' transactions. Some years ago, a client on QuickBooks …
Chose AccountEdge
I have not used any other accounting software.
Chose AccountEdge
For Mac enthusiasts, AccountEdge is the complete installed software solution for small to medium-sized businesses, as it has so many capabilities that QuickBooks for Mac lacks. However, it holds your hand less than QuickBooks for Mac does, so you ought to know what your are …
Chose AccountEdge
Some of my clients use QuickBooks, some use AccountEdge. Hands down I prefer the user friendliness of AccountEdge over QuickBooks. There is no comparison in the return on profit when having the proper tools to be able to do a task efficiently and quickly. The more time wasted …
Chose AccountEdge
AccountEdge had already been implemented when I started working at Lake Industries.I have some experience in several other accounting & CRM software. AccountEdge has really come together in the last couple of years. The software is strong, easy-to-use, and great for daily …
Chose AccountEdge
AccountEdge is a much easier product to learn, and it is also much better integrated. That being said, AccountEdge could definitely use a few updates to bring it forward into today's world of technology.
Chose AccountEdge
AccountEdge is more adaptable as a large and diverse inventory control system.
Chose AccountEdge
I think that AccountEdge is a good alternative for Macs.
Chose AccountEdge
I have a client who is in the firearms manufacturing industry that makes components. They had been using QuickBooks credit card processing feature and their service was recently canceled by QuickBooks for political reasons. QuickBooks is a privately held company so they can do …
Chose AccountEdge
I have used QuickBooks in the past and, although I really liked it when I started with them, when I switched to a Mac computer they were not at all compatible. AccountEdge filled the gap with a small learning curve where QuickBooks just couldn't satisfy. The only other products …
Features
MYOBAccountEdge
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
AccountEdge
6.6
Ratings
16% below category average
Pay calculation10.00 Ratings10.00 Ratings
Benefit plan administration10.00 Ratings8.00 Ratings
Direct deposit files10.00 Ratings5.00 Ratings
Salary revision and increment management10.00 Ratings6.00 Ratings
Reimbursement management10.00 Ratings4.00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
Ratings
27% above category average
AccountEdge
5.0
Ratings
42% below category average
API for custom integration10.00 Ratings00 Ratings
Plug-ins10.00 Ratings5.00 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
Ratings
18% above category average
AccountEdge
9.0
Ratings
8% above category average
Single sign-on capability10.00 Ratings00 Ratings
Role-based user permissions10.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
Ratings
24% above category average
AccountEdge
9.0
Ratings
13% above category average
Dashboards10.00 Ratings9.00 Ratings
Standard reports10.00 Ratings9.00 Ratings
Custom reports10.00 Ratings9.00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
9.1
Ratings
16% above category average
AccountEdge
7.2
Ratings
8% below category average
Accounts payable10.00 Ratings9.00 Ratings
Accounts receivable10.00 Ratings9.00 Ratings
Cash management10.00 Ratings8.10 Ratings
Bank reconciliation10.00 Ratings6.00 Ratings
Expense management10.00 Ratings6.00 Ratings
Time tracking6.00 Ratings6.00 Ratings
Fixed asset management10.00 Ratings00 Ratings
Multi-currency support10.00 Ratings9.00 Ratings
Multi-division support10.00 Ratings9.00 Ratings
Regulations compliance10.00 Ratings7.00 Ratings
Electronic tax filing5.10 Ratings7.00 Ratings
Self-service portal6.30 Ratings2.70 Ratings
Global Financial Support10.00 Ratings00 Ratings
Primary and Secondary Ledgers10.00 Ratings00 Ratings
Intercompany Accounting10.00 Ratings00 Ratings
Localizations10.00 Ratings00 Ratings
Journals and Reconciliations10.00 Ratings00 Ratings
Enterprise Accounting2.80 Ratings00 Ratings
Configurable Accounting10.00 Ratings00 Ratings
Centralized Rules Framework10.00 Ratings00 Ratings
Standardized Processes10.00 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
Ratings
31% above category average
AccountEdge
8.0
Ratings
9% above category average
Inventory tracking10.00 Ratings8.00 Ratings
Automatic reordering10.00 Ratings8.00 Ratings
Location management10.00 Ratings8.00 Ratings
Manufacturing module10.00 Ratings8.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
AccountEdge
8.0
Ratings
3% above category average
Pricing10.00 Ratings8.00 Ratings
Order entry10.00 Ratings9.00 Ratings
Credit card processing10.00 Ratings6.00 Ratings
Cost of goods sold10.00 Ratings9.00 Ratings
Order Orchestration10.00 Ratings00 Ratings
End-to-end order visibility10.00 Ratings00 Ratings
Order exception Resolution10.00 Ratings00 Ratings
Best Alternatives
MYOBAccountEdge
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Zoho Books
Zoho Books
Score 9.0 out of 10
Enterprises
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.6 out of 10
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBAccountEdge
Likelihood to Recommend
9.0
(0 ratings)
6.0
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
8.8
(0 ratings)
Usability
10.0
(0 ratings)
9.0
(0 ratings)
Availability
-
(0 ratings)
9.1
(0 ratings)
Support Rating
1.2
(0 ratings)
9.0
(0 ratings)
Implementation Rating
5.0
(0 ratings)
7.0
(0 ratings)
Ease of integration
1.0
(0 ratings)
-
(0 ratings)
User Testimonials
MYOBAccountEdge
Likelihood to Recommend
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
Read full review
If you are handling a large client list, and are selling services, it is dead easy. If you are managing/selling a physical inventory, it seems like it has great options to do that quite well (disclaimer, I do not use those functions, but I have paid attention as that functionality was built into the software). If you want to link your bank account to a bookkeeping platform, this is not the software for you (at least so far).
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Pros
  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
Read full review
  • Complete Macintosh accounting software solution
  • Robust inventory with price levels, quantity price breaks, and item assemblies
  • Robust Job costing including progress billing, budgets, and profitability
  • Mobile and web apps to add transactions from anywhere to sync back to your company file
  • Integrated payroll
  • Retainers and escrow accounts
  • Three levels of transactions categorization-jobs, categories, and departments
  • Multi-currency
  • Network capable for multiple simultaneous users
  • Ability to see profitability on an individual invoice
  • Company file can be transferred back and forth between Mac and Windows with NO conversion needed.
  • Can import text files of practically any kind of transaction
Read full review
Cons
  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
Read full review
  • Probably our biggest beef is the sales pitch a while back to incorporate their POS system Checkout that was supposed to integrate hand in glove with AccountEdge (it never really did.) Now the company has abandoned the POS program (even the website is now a 404 error page). Checkout is glitchy, and rather than improving it, they just dropped it and left users like us who bought into it unsupported. That doesn't reflect well on the company's customer service in our view. We've been AccountEdge users from back when it was MYOB, but our confidence in their future dependability has been strongly impacted by this move, and if something else came along, our hard-earned loyalty might not be as firm as it has been in the past.
  • Some tasks in AccountEdge take a long time to complete (go get a coffee while the spinning beachball turns).
  • Don't know the feasibility, but it would be nice to have access to older transactions, maybe even in some kind of read-only format.
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Likelihood to Renew
We have been looking in to other cloud based accounting options.
Read full review
Without a doubt, when you need to do accounting use the program that will get the job done in the least amount of time with the least amount of errors. Once you are using a program that works you stay with it year after year and you will find yourself even excited about the updates
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Usability
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.
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The intuitive interface does all the tasks we need our accounting software to do. Some tasks are slower to process than I would like but overall very usable. Customizable forms let us choose to either go with the easy ready-made out-of-the-box options or retool them to better fit our specific needs.
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Reliability and Availability
No answers on this topic
One of the finer advantages of desktop software, it's always available. AccountEdge doesn't suffer from outages or sluggish internet like web based applications do. It's always there when you power on your device!
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Support Rating
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.
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On the few occasions we have needed tech support over the years, they were responsive and worked to get to the root of the issues. However, even though Checkout POS is a separate application, it was pitched to us as a natural extension of the functionality of our AE software that would integrate seamlessly. The company's support for Checkout has been minimal at best, and now totally abandoned. That colors our view of Priority's support unfortunately. And to be honest, that's why it's a 9 instead of a 10. So to be fair, AccountEdge's support itself has been very good over the years.
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Implementation Rating
No answers on this topic
unfortunately no.
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Alternatives Considered
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.
Read full review
My hands down preference is to keep my accounting off of the cloud but that is not always the case with my clients. So, to make this comparison somewhat fair I will consider only the items containing parity in cloud vs desktop. AccountEdge vs Xero. AccountEdge has superior interface and key response because an internet connection is generally not as responsive as localized software. Period. I also feel that AccountEdge is far more robust in features as well as how my data is presented (visually). I require uniform naming/wording conventions so I can better assimilate data. While this is possible in Xero, it's not as easy to accomplish because of screen response and keyboard workflow. Mouse oriented vs. keyboard oriented. AccountEdge vs QuickBooks for Mac. Succinctly put: cross-platform. AccountEdge data files do not require "saving as" Windows copies or any other such nonsense conversion. They just work equally well on either platform. So for users whose platforms do not match their accountant's, there is simply no issue. Additionally, Acclivity will give a user's accountant a copy of the software for free.
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Return on Investment
  • Made a life a lot easier by removing a lot of separate entries in multiple excel sheets
  • With all of the relevant information in one place, it is easier to process payments.
  • Most of the business only have one person doing the payroll compared to the team effort.
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  • If I didn't have AccountEdge, I would have to make do with Excel spreadsheets, or go back to paper, as I did before 1995, and I wouldn't be able to access client information as easily as I can here.
  • It allows me to manage cash easily, so if clients are slow-paying, I can borrow funds to meet expenses, without incurring overdraft fees, until they come through.
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ScreenShots

AccountEdge Screenshots

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