The cost-effectiveness of Reckon One vs. MYOB

June 07, 2021

If you're looking for accounting software, then you've probably come across both Reckon One and MYOB. These two are both popular accounting software solutions that have been around for a while. While both software programs have their advantages and disadvantages, many people want to know which software is more cost-effective. In this post, we'll compare Reckon One and MYOB to help you decide which one is worth your money.

Pricing

When it comes to pricing, Reckon One and MYOB have very different approaches. Reckon One starts at $5 per month for a basic plan that includes invoicing and expenses. However, if you want additional features like payroll, inventory management, and project tracking, you'll need to upgrade to a more expensive plan. MYOB, on the other hand, has a much higher starting price of $25 per month for a basic plan that includes accounting features.

Features

Both software programs offer a range of features that can help you manage your finances more effectively. However, when it comes to features, MYOB is the more comprehensive solution. MYOB offers a wide range of accounting features, such as customizable invoices, bills, bank feeds, and inventory management. In contrast, Reckon One's features are more limited, though it offers great flexibility in terms of module selection. If you're looking for comprehensive accounting features, MYOB is likely the better option.

Ease of use

Reckon One and MYOB both have their strengths and weaknesses when it comes to ease of use. Reckon One is more user-friendly and has a simpler user interface than MYOB. In contrast, MYOB can be more complicated and challenging to navigate, especially if you're new to accounting software.

Customer support

When it comes to customer support, both software programs offer phone and email support. Additionally, MYOB offers live chat support, which Reckon One does not have. MYOB also has a comprehensive Help Center with a range of helpful resources to help you troubleshoot issues and learn more about the software.

Conclusion

Ultimately, both Reckon One and MYOB have their advantages and disadvantages. If you're on a tight budget and want a simple accounting solution with great support, Reckon One is the better option. However, if you need comprehensive accounting features and are willing to pay a higher price, MYOB is the better option.

References

  1. "Reckon One Pricing." Reckon One. Retrieved from https://www.reckon.com/au/pricing/plans/
  2. "MYOB Pricing." MYOB. Retrieved from https://www.myob.com/au/pricing

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