MYOB vs. Square Invoices

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
Square Invoices
Score 9.2 out of 10
N/A
Square Invoices is a software invoicing solution from Square headquartered in San Francisco, California.N/A
Pricing
MYOBSquare Invoices
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
MYOBSquare Invoices
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
MYOBSquare Invoices
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.
Square Invoices
Chose Square Invoices
I feel that for what it does, Square Invoices outperforms its competition. Because we have used the program for several years, we have seen how they continue to improve their service - making it user-friendly and accessible for a variety of needs. Other platforms are not as …
Chose Square Invoices
PayPal payments is not nearly as user-friendly as Square Invoices, and payments are only near instant when the recipient of your invoice has a PayPal account. Of course, there is no fee associated with invoicing if your client has a PayPal account, but it's very rare that …
Chose Square Invoices
Square Invoices is easier to use and automatically transfers your money to your bank account vs Paypal that holds your money and you have to manually transfer and it takes 3-5 days (many times more). Square Invoices looks better overall, and for the same fees as Paypal, …
Chose Square Invoices
I have not used any other invoicing software or service to compare Square invoices to.
Chose Square Invoices
Experience with Stripe in another business. Does not allow custom items on invoices without the use of third-party add-ons.
Chose Square Invoices
I love Square Invoices because it's streamline and easy to use. It makes it really easy to print reports and sync to quickbooks if needed.
Features
MYOBSquare Invoices
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
Square Invoices
-
Ratings
Pay calculation10.00 Ratings00 Ratings
Benefit plan administration10.00 Ratings00 Ratings
Direct deposit files10.00 Ratings00 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
Square Invoices
-
Ratings
API for custom integration10.00 Ratings00 Ratings
Plug-ins10.00 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
Ratings
18% above category average
Square Invoices
-
Ratings
Single sign-on capability10.00 Ratings00 Ratings
Role-based user permissions10.00 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
Ratings
24% above category average
Square Invoices
-
Ratings
Dashboards10.00 Ratings00 Ratings
Standard reports10.00 Ratings00 Ratings
Custom reports10.00 Ratings00 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
Square Invoices
-
Ratings
Accounts payable10.00 Ratings00 Ratings
Accounts receivable10.00 Ratings00 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 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
Square Invoices
-
Ratings
Inventory tracking10.00 Ratings00 Ratings
Automatic reordering10.00 Ratings00 Ratings
Location management10.00 Ratings00 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
Square Invoices
-
Ratings
Pricing10.00 Ratings00 Ratings
Order entry10.00 Ratings00 Ratings
Credit card processing10.00 Ratings00 Ratings
Cost of goods sold10.00 Ratings00 Ratings
Order Orchestration10.00 Ratings00 Ratings
End-to-end order visibility10.00 Ratings00 Ratings
Order exception Resolution10.00 Ratings00 Ratings
Best Alternatives
MYOBSquare Invoices
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
vCita
vCita
Score 8.5 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
TimeCamp
TimeCamp
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
TimeCamp
TimeCamp
Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBSquare Invoices
Likelihood to Recommend
9.0
(0 ratings)
9.1
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
-
(0 ratings)
Usability
10.0
(0 ratings)
-
(0 ratings)
Support Rating
1.2
(0 ratings)
9.7
(0 ratings)
Implementation Rating
5.0
(0 ratings)
-
(0 ratings)
Ease of integration
1.0
(0 ratings)
-
(0 ratings)
User Testimonials
MYOBSquare Invoices
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
Square Invoices is the best service that I have found for what it does: it's easy to use, nice to look at, and never seems to go to spam or be lost by clients. Clients mention that the setup is easier than services my competitors use. You can even attach your contract to the invoice, which is wonderful in case there are questions later on. Unfortunately, not being able to have clients alter quantities or select add-ons means for half of my services, I have to use a different, inferior service.
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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
  • Very easy-to-use. Even non-technical users can very easily figure out how to send an invoice.
  • Notifications of payment. You can see if the invoice has been viewed, and you can include attachments to the invoice (such as a contract)!
  • Quick payouts straight to your bank account make life easy.
  • Easy to use mobile app for on the go.
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
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  • I wish there was a way to automatically calculate credit card processing fees based on an invoice's amount, and add that to the invoice
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Likelihood to Renew
We have been looking in to other cloud based accounting options.
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No answers on this topic
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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No answers on this topic
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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The only time I had a problem was a false chargeback from a client. Square Invoices referenced our contract and ruled in my favor, and they did so in a timely manner. I sent them the contract and my email history with the client, and they quickly unfroze the amount of money.
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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
I feel that for what it does, Square Invoices outperforms its competition. Because we have used the program for several years, we have seen how they continue to improve their service - making it user-friendly and accessible for a variety of needs. Other platforms are not as easy to set up, add items, and access funds after payment is received.
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
  • The fee for invoicing is extremely reasonable for how easy it is. At 2.75% per transaction, it's well worth it.
  • I like that invoices can be printed and mailed or sent via email for easy online payment.
  • I have a 100% collection rate on my invoices, and they are often paid within 24-48 hours of being sent, which saves me the time of chasing down checks, which can be especially cumbersome when I have multiple clients.
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ScreenShots