MYOB vs. QuickBooks Accounting Software: Which one is better?
As a business owner, you want to use the best accounting software for your business. Choosing between MYOB and QuickBooks can be a difficult decision, as both are feature-rich and have their own benefits. In this blog post, we will compare MYOB vs. QuickBooks accounting software and help you make an informed decision based on their pros, cons, and pricing.
Features
Both MYOB and QuickBooks offer a wide range of features that can help you manage your finances effectively. MYOB has features such as time tracking, payroll management, inventory management, and job costing. On the other hand, QuickBooks has features such as invoice management, expense tracking, receipt scanning, and automatic bank feeds.
Winner: Tie
It's hard to declare a clear winner when it comes to features, as both MYOB and QuickBooks have a range of valuable ones.
Ease of Use
MYOB and QuickBooks are designed to be user-friendly with simple navigation and easy-to-read dashboards. MYOB has an intuitive interface that is user-friendly, and the software provides you with a step-by-step guide to set up your account. QuickBooks, on the other hand, has a modern and user-friendly design that is easy to navigate.
Winner: QuickBooks
QuickBooks has a slight edge over MYOB when it comes to ease of use.
Pricing
Pricing is always an important aspect to consider when selecting software. MYOB has a higher price point compared to QuickBooks. MYOB's Essentials Package starts at $25 per month, and their AccountRight Package starts at $75 per month. QuickBooks' Simple Start Package starts at $25 per month, their Plus Package at $70 per month, and their Advanced Package at $180 per month.
Winner: QuickBooks
QuickBooks offers more budget-friendly pricing options compared to MYOB.
Customer Support
Both MYOB and QuickBooks offer solid customer support, but QuickBooks has a more extensive knowledge base and community forum. MYOB's customer support includes email, phone, and chat, while QuickBooks has one of the best customer support systems, including email, phone, chat, and a robust knowledge base.
Winner: QuickBooks
QuickBooks has more support options and a larger community forum, making it the winner in this category.
Conclusion
Both MYOB and QuickBooks are solid choices for accounting software. If you are looking for an easy-to-use software with budget-friendly pricing, QuickBooks is the right choice. If you need robust features such as time tracking, payroll management, and inventory management, then MYOB is the right choice for you. Ultimately, the decision comes down to your business needs and budget.
References
- "MYOB Pricing." MYOB, www.myob.com/au/pricing.
- "QuickBooks Pricing." QuickBooks, www.quickbooks.intuit.com/au/pricing.
- "MYOB vs. QuickBooks." SoftwarePundit, www.softwarepundit.com/myob-vs-quickbooks.