MYOB vs. Reckon One

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
Reckon One
Score 4.6 out of 10
N/A
Reckon One is used by small and medium-sized businesses and accounting and bookkeeping practices. It is online accounting software for small businesses that is used to track invoices, pay employees, monitor cash flow, and it includes a pricing system. It is modular, so users choose and pay only for the features needed. Managing everyday finances is done through its interface, and it is presented as ATO registered software & STP compliant. Additionally, Reckon One: Manages Cash…
$22
per month per user
Pricing
MYOBReckon One
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
Accounting Plus
$22
per month per user
Accounting Premium
$40
per month per user
Offerings
Pricing Offerings
MYOBReckon One
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
MYOBReckon One
Features
MYOBReckon One
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
Reckon One
-
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
Reckon One
-
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
Reckon One
-
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
Reckon One
-
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
Reckon One
-
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
Reckon One
-
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
Reckon One
-
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
User Ratings
MYOBReckon One
Likelihood to Recommend
9.0
(0 ratings)
-
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
-
(0 ratings)
Usability
10.0
(0 ratings)
-
(0 ratings)
Support Rating
1.2
(0 ratings)
-
(0 ratings)
Implementation Rating
5.0
(0 ratings)
-
(0 ratings)
Ease of integration
1.0
(0 ratings)
-
(0 ratings)
User Testimonials
MYOBReckon One
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
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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.
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No answers on this topic
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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Likelihood to Renew
We have been looking in to other cloud based accounting options.
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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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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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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.
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No answers on this topic
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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No answers on this topic
ScreenShots

Reckon One Screenshots

Screenshot of the dashboard