MYOB is Australian/NZ accounting software for invoicing, GST/BAS, payroll, and inventory. See pricing, features, pros and cons before you sign up.
Category
Accounting
Pricing
Tiered subscription pricing with discounted introductory rates for the first months/year, stepping up to standard rates thereafter (e.g. MYOB Business Pro from $21/month for 6 months then $70/month, with a 14-day free trial); payroll is typically billed per employee on top of the base plan; no lock-in contracts.
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Last updated
August 6, 2026
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MYOB is a long-running Australian accounting and business management software company, founded in 1991 and operated by MYOB Australia Pty Ltd. It provides cloud and desktop software used by hundreds of thousands of businesses across Australia and New Zealand to manage invoicing, GST and BAS compliance, payroll, inventory, expenses, and financial reporting. The product line spans several tiers: Solo by MYOB, a mobile app for sole traders and freelancers covering invoicing, expense capture, and payments; MYOB Business (Lite and Pro), a web-based accounting and payroll platform for small businesses with up to a handful of employees; AccountRight (Plus and Premier), aimed at more established businesses needing advanced inventory, multi-currency, and multi-entity support; and a dedicated payroll-only plan for businesses that just need pay runs. MYOB also offers practice management software for accountants and bookkeepers who manage compliance and tax workflows for multiple clients, and has been rolling out AI-assisted features such as AI BAS (in beta) to automate GST tracking and BAS preparation. All plans emphasize built-in compliance with Australian Tax Office (ATO) and New Zealand tax requirements, reflecting MYOB's focus on the local market rather than being a global generic accounting tool.
Key Features
Invoicing & Quoting — Create and send unlimited invoices and quotes, with online payment options like Tap to Pay on the Solo mobile app.
GST & BAS Tracking — Built-in GST tracking and BAS preparation tools designed for Australian Tax Office (ATO) compliance, including a beta AI BAS feature that automates transaction review.
Payroll — Per-employee payroll billing on Business and AccountRight plans, plus a standalone Payroll Only plan for up to 4 employees.
Inventory Management — Inventory tracking included from MYOB Business Lite upward, with unlimited inventory on AccountRight Plus and Premier.
Bank Feeds & Reconciliation — Unlimited bank account connections (on Pro and above) with automated feed matching to speed up reconciliation.
Multi-Currency & Multi-Business — AccountRight Premier adds multi-currency support and the ability to manage multiple businesses from one subscription.
Pros & Cons
Pros
Deep built-in compliance with Australian and New Zealand tax rules (GST, BAS, ATO reporting)
Product tiers scale from solo freelancers up to multi-entity businesses with complex inventory needs
Dedicated practice software for accountants and bookkeepers managing multiple clients
No lock-in contracts on subscription plans, with cancel-anytime flexibility
Established vendor with over three decades in the AU/NZ market and a large existing customer base
Cons
Focused on Australia/New Zealand tax compliance, making it a poor fit for businesses outside those markets
Introductory pricing steps up significantly after the first few months or first year
Full payroll and multi-currency features are reserved for higher-priced AccountRight tiers
AI BAS automation is still in beta rather than a mature, fully rolled-out feature