MYOB vs. Sage 500 ERP

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
Sage 500
Score 9.0 out of 10
N/A
Sage 500 ERP includes accounting and finance, distribution and supply chain, and manufacturing operations support modules. The latest Sage 500 release includes accounts payable enhancements, credit card processing, and general updates, as well as updates to the solution's modules.N/A
Pricing
MYOBSage 500 ERP
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
No answers on this topic
Offerings
Pricing Offerings
MYOBSage 500
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MYOBSage 500 ERP
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.
Sage 500
Chose Sage 500
Quickbooks is more user friendly and intuitive but can be clunky when dealing hard chunks of data. Morever, I did not operate a cloud based solution like Intacct and this is key in my report.
Chose Sage 500
Sage is by far the worst program I have ever used in the construction industry. It has the capability to be a wonderful program for an entire organization but it severely lacks user interface. For instance, Their field reports section has a character limit. That's …
Chose Sage 500
500 seems much smoother at handling some of the basic accounting tasks, for example both issuing and later reconciling checks in Dynamics AX seems a little tedious.
Chose Sage 500
The functionality and ease of the software is what we love but we remain on the 7.05 because the price to upgrade is too high.
Features
MYOBSage 500 ERP
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
Sage 500 ERP
7.0
Ratings
2% below category average
Pay calculation10.00 Ratings9.00 Ratings
Benefit plan administration10.00 Ratings6.00 Ratings
Direct deposit files10.00 Ratings7.00 Ratings
Salary revision and increment management10.00 Ratings00 Ratings
Reimbursement management10.00 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
Ratings
27% above category average
Sage 500 ERP
8.5
Ratings
11% above category average
API for custom integration10.00 Ratings9.00 Ratings
Plug-ins10.00 Ratings8.00 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
Ratings
18% above category average
Sage 500 ERP
8.5
Ratings
4% above category average
Single sign-on capability10.00 Ratings7.00 Ratings
Role-based user permissions10.00 Ratings10.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
Ratings
24% above category average
Sage 500 ERP
8.0
Ratings
10% above category average
Dashboards10.00 Ratings6.00 Ratings
Standard reports10.00 Ratings8.00 Ratings
Custom reports10.00 Ratings10.00 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
Sage 500 ERP
8.0
Ratings
4% above category average
Accounts payable10.00 Ratings10.00 Ratings
Accounts receivable10.00 Ratings10.00 Ratings
Cash management10.00 Ratings00 Ratings
Bank reconciliation10.00 Ratings00 Ratings
Expense management10.00 Ratings00 Ratings
Time tracking6.00 Ratings00 Ratings
Fixed asset management10.00 Ratings00 Ratings
Multi-currency support10.00 Ratings00 Ratings
Multi-division support10.00 Ratings00 Ratings
Regulations compliance10.00 Ratings00 Ratings
Electronic tax filing5.10 Ratings00 Ratings
Self-service portal6.30 Ratings00 Ratings
Global Financial Support10.00 Ratings10.00 Ratings
Primary and Secondary Ledgers10.00 Ratings8.00 Ratings
Intercompany Accounting10.00 Ratings00 Ratings
Localizations10.00 Ratings00 Ratings
Journals and Reconciliations10.00 Ratings10.00 Ratings
Enterprise Accounting2.80 Ratings00 Ratings
Configurable Accounting10.00 Ratings10.00 Ratings
Centralized Rules Framework10.00 Ratings00 Ratings
Standardized Processes10.00 Ratings10.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
Ratings
31% above category average
Sage 500 ERP
8.0
Ratings
1% above category average
Inventory tracking10.00 Ratings6.00 Ratings
Automatic reordering10.00 Ratings10.00 Ratings
Location management10.00 Ratings10.00 Ratings
Manufacturing module10.00 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
Sage 500 ERP
8.8
Ratings
11% above category average
Pricing10.00 Ratings8.00 Ratings
Order entry10.00 Ratings9.00 Ratings
Credit card processing10.00 Ratings9.00 Ratings
Cost of goods sold10.00 Ratings10.00 Ratings
Order Orchestration10.00 Ratings8.00 Ratings
End-to-end order visibility10.00 Ratings00 Ratings
Order exception Resolution10.00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
5.9
Ratings
24% below category average
Billing Management00 Ratings10.00 Ratings
Cash and Asset Management00 Ratings8.00 Ratings
Travel & Expense Management00 Ratings8.00 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings2.00 Ratings
Period Close00 Ratings8.00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
6.9
Ratings
10% below category average
Budgeting and Forecasting00 Ratings1.00 Ratings
Project Costing00 Ratings3.00 Ratings
Cost Capture00 Ratings8.00 Ratings
Capital Project Management00 Ratings9.00 Ratings
Customer Contract Compliance00 Ratings9.00 Ratings
Project Revenue Recognition00 Ratings9.00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
4.5
Ratings
42% below category average
Task Insight for Project Managers00 Ratings7.00 Ratings
Project Mobile Functionality00 Ratings5.00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
7.5
Ratings
1% above category average
Award Lifecycle Management00 Ratings6.00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
6.0
Ratings
15% below category average
Contract Authoring00 Ratings8.00 Ratings
Contract Repository00 Ratings10.00 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings8.00 Ratings
Supplier Management00 Ratings4.00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
4.3
Ratings
41% below category average
Risk Repository00 Ratings3.00 Ratings
Control Management00 Ratings7.00 Ratings
Control Efficiency Assessments00 Ratings4.00 Ratings
Remediation and Certification00 Ratings3.00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
1.3
Ratings
138% below category average
Forecasting00 Ratings1.00 Ratings
Inventory Planning00 Ratings2.00 Ratings
Performance Monitoring00 Ratings1.00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
MYOB
-
Ratings
Sage 500 ERP
5.3
Ratings
29% below category average
Proposal Management00 Ratings7.00 Ratings
Product Master Data Management00 Ratings4.00 Ratings
Best Alternatives
MYOBSage 500 ERP
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Zoho One
Zoho One
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBSage 500 ERP
Likelihood to Recommend
9.0
(0 ratings)
10.0
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
6.3
(0 ratings)
Usability
10.0
(0 ratings)
10.0
(0 ratings)
Support Rating
1.2
(0 ratings)
-
(0 ratings)
Online Training
-
(0 ratings)
6.0
(0 ratings)
Implementation Rating
5.0
(0 ratings)
8.0
(0 ratings)
Ease of integration
1.0
(0 ratings)
-
(0 ratings)
User Testimonials
MYOBSage 500 ERP
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
Sage is wonderful for payroll and employee management. Although it has the capabilities to be a one-stop-shop program, it seriously lacks the interface necessary for wide use. I've had to consult Sage professionals on numerous occasions to explain and walk me through the program as there are so many redundancies. This program has wonderful potential, but they need to update the software and user interface before I can recommend it to any colleague.
Read full review
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
  • Payables and receivables handled beautifully
  • Projects has the reporting capabilities we need
  • Cash management is easy to do
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
  • The application is very functional, but the interface is a little "stale" compared to more modern applications.
  • The underlying client software is written in an old version of Microsoft Visual Basic. I suppose SOME DAY, Microsoft will be discontinuing, although Microsoft has its own ERP software written in that same code.
Read full review
Likelihood to Renew
We have been looking in to other cloud based accounting options.
Read full review
We will renew our investment in Sage 500, mostly because the competition is very expensive and are bloated with options that are not needed.
Read full review
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.
Read full review
I have been using Intacct for almost 10 years in 2 different companies and I just simply love it. I tried SAP (GUI) and Netsuite and they dont come close to what Ive seen.
Read full review
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.
Read full review
No answers on this topic
Online Training
No answers on this topic
The online training courses are not up to date. We experienced technical issues with two of the classes.
Read full review
Implementation Rating
No answers on this topic
Keep your database and application in different servers.
Install Microsoft Office on your application server so you can use some of the data analysis tools in Sage.
Read full review
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
500 seems much smoother at handling some of the basic accounting tasks, for example both issuing and later reconciling checks in Dynamics AX seems a little tedious.
Read full review
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.
Read full review
  • Efficiency - enhanced automation
  • Cost reduction - simple workspace is enough
Read full review
ScreenShots