Reckon One vs. MYOB: Which accounting software is best for your business?
Reckon One and MYOB are two popular cloud-based accounting software solutions that can simplify and streamline financial management for small and medium-sized businesses. While both platforms offer similar features, they have some differences that could make one a better fit for your business than the other.
In this blog post, we'll compare Reckon One and MYOB in terms of pricing, features, and user satisfaction ratings to help you make an informed decision.
Pricing
Pricing is often one of the most critical factors businesses consider when evaluating accounting software. Here's how Reckon One and MYOB compare in terms of pricing:
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Reckon One offers three pricing tiers: Essentials ($5/month), Plus ($15/month), and Premium ($40/month). Each plan includes different features and supports an increasing number of users. Reckon One offers a 30-day free trial to test out the software before committing to a subscription.
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MYOB offers four pricing tiers: Starter ($10/month), Standard ($35/month), Premium ($70/month), and Advanced ($115/month). Each plan includes different features and supports an increasing number of users. MYOB also offers a 30-day free trial.
Based on pricing alone, Reckon One is the more affordable option for businesses on a budget. However, MYOB may be the better option for businesses that need advanced features and more user support.
Features
Both Reckon One and MYOB offer a variety of features designed to help businesses manage their accounting needs. Here's a breakdown of what each platform offers:
Reckon One
Reckon One's features include:
- Invoicing
- Expense management
- Bank feeds
- Financial reports
- Timesheets and payroll
MYOB
MYOB's features include:
- Invoicing
- Expense management
- Bank feeds
- Financial reports
- Inventory management
- Payroll
- Time billing
- Multi-currency support
MYOB offers more features than Reckon One, which makes it the better option for businesses that require advanced inventory management or multi-currency support.
User Satisfaction Ratings
To get a sense of how users feel about both platforms, we looked at user satisfaction ratings from G2, a popular business software review site. Here's what we found:
- Reckon One has a 4.1-star rating (out of 5) on G2, with 16 reviews.
- MYOB has a 4.1-star rating (out of 5) on G2, with 240 reviews.
Based on user feedback, both platforms are well-liked, but MYOB has a more significant number of reviews than Reckon One, which suggests that it's more popular among users.
The Verdict
Overall, both Reckon One and MYOB are excellent cloud-based accounting software options for businesses of all sizes. The decision on which to choose will come down to your business's specific needs, budget, and the features you require. Reckon One may be the better option for businesses with a tighter budget, while MYOB is an excellent choice for those that require more advanced inventory management and multi-currency support.