10 MYOB Alternatives for Aussie Small Business Owners

A lot of businesses used paper-based accounting systems before 2000. However, the GST’s introduction caused many small businesses to switch to accounting software, and the $100 voucher the Commonwealth Government offered helped cover the costs of picking the most popular accounting software packages like MYOB.

If businesses didn’t make the switch, keeping track of your expenses and business’s finances using the paper system was still practical, but adding the quarterly BAS increased the reporting load. There was also overhead to consider when you made the switch to an accounting system from paper with your small businesses. However, you can offset the initial cost of moving to a computer-based setup because it allows you to pull out the numbers you needed much faster. So, when it comes time to report them, all you have to do is click a button instead of manually transcribing them onto the correct form.

The Australian government was very interested in small businesses making the switch to computerized invoicing and accounting software because they believed that small business owners could then track their expenses closer to improve their performance.

If you’re someone who wants to switch to or upgrade from your current software to something other than MYOB, this is for you. Below, we’re going to outline several MYOB alternatives you can use for your small business or organize your finances and keep your business healthy.

What Is MYOB?

MYOB is an Australian-based company that offers a host of accounting software for businesses of all sizes. Along with QuickBooks and Xero, MYOB was part of the Small Business Digital Adaptation Program that offered small businesses a $1,200 rebate to switch to digitized accounting solutions to help offset the cost of this transition.

MYOB offers five pricing tiers with two packages, including Essentials and AccountRight. It can help you manage and track cash flow, set up invoices, offer Single Touch Payroll, track jobs, track project budgets, manage suppliers and customers, bill by time, manage inventory, set multiple locations, accept multiple currencies, and much more.

You can lodge BAS, set up account sharing, take BPAY card payments, calculate and track GST, and much more all in one comprehensive software suite. However, it also has a steep learning curve to it, and it can get expensive for small business owners.

Benefits of MYOB

• Integrates with mobile apps
• Allows you to lodge BAS from the software
• Calculates and tracks GST
• Print budgets and reports
• Five software suits available

Comparison of the best MYOB alternatives

10 Best MYOB Alternatives for Small Business Owners in Australia

Maybe you’ve tried MYOB and it just doesn’t fit as well as you’d like for your business needs, or you want to try something else for your small business. Whatever the reason, knowing the best MYOB alternatives available on the current market for Aussie small business owners is key to making an informed decision. You can dive in below.

1. Billdu

Billdu’s centralized dashboard, combined with the powerful cloud-based software, makes it the perfect MYOB alternative. There are simple invoice templates that make it easy to customize any invoice or recurring invoice before you send them out to your customers, and you can create estimates for project bids to send electronically to your prospects to beat your competition to the draw.

You can take online payments to get paid faster for each product or service you sell, create delivery notes and exports, or track all of your expenses to keep your small business financially healthy. Your clients can pay using credit cards, debit cards, or PayPal. Billdu also lets you attach a “Pay Now” button to any invoices you send out to encourage quick and convenient payments.

Billdu software stands out for its simplicity and efficiency. With just a few clicks, you can generate invoices that reflect your brand’s identity. The system supports various currencies and languages, making it ideal for businesses with an international client base.

Additionally, Billdu offers a feature for recurring billing, which is perfect for subscription-based services or regular clients. The ability to automatically send out invoices on a predetermined schedule not only saves time but also helps in maintaining consistent cash flow. This seamless invoicing process, combined with the other robust features of Billdu, makes it an excellent choice for small businesses looking for an MYOB alternative.

Why Use Billdu Instead of MYOB

• Customizable templates available
• Auto-saves your customer and business information
• Easy to monitor your finances at a glance
• Newly upgraded features and sleek design
• Streamlined Invoice Tracking
• Automatic Payment Reminder System

Why Use MYOB Instead of Billdu

• More pricing tiers available
• Offers one-touch payroll
• Has a basic stock list
• Allows you to take BPAY payments

2. QuickBooks

QuickBooks is one of the most popular MYOB alternatives in Australia, and it features award-winning customer service and allows you to import your data from other platforms. You can integrate it with Paybooks Payroll Cloud Application, Shopify, Primaseller, TSheets Time Tracking, and more. One of the biggest draws of this particular accounting software is that you can obtain professional accounting management for your small business.

According to the website, you can save roughly 40 hours a month using QuickBooks. It allows you to track cash flow, tax management, and create financial statements. You can easily create custom invoices, file receipts electronically from your phone to keep them organized and easy to recall, and accept payments through the app when you’re out and about.

The price and ease of setup are two other selling points for this invoicing software. There are three pricing tiers available, starting at $18.00 a month and going up to $27.00 a month. There is a $38.00 Self-Employed plan available too. You can easily migrate your information from another platform, and it seamlessly connects to hundreds of different applications.

Discover leading alternatives to QuickBooks, providing a range of accounting solutions designed to cater to the specific requirements of different businesses.

Why Use QuickBooks Instead of MYOB

• Award-winning customer service team
• Integrates with hundreds of applications
• Helps you save hours spent on accounting
• Offers tax management

Why Use MYOB Instead of QuickBooks

• Offers account sharing
• Lets you set budgets for projects
• Print multiple reports
• Track GST

3. FreshBooks

FreshBooks is another MYOB alternative that is very popular because it’s fast and reliable for small business owners. It’s a cloud-based accounting software suite, and it works well for freelancers, service providers, and small to mid-size businesses. So, if you’re just starting out, FreshBooks will scale and grow with your business.

You can use FreshBooks to track expenses and time spent on projects, create invoices, send follow-up emails, create and view reports, manage subscriptions and recurring invoices, send out estimates, and collect online payments. When it comes to payments, FreshBooks allows you to use Google Checkout, credit cards, and PayPal.

This software will also integrate very easily with several leading business applications and platforms, and this can help simplify your small business’s accounting process. You can take advantage of the free trial plan to test the various features and see if they’re a good fit for your business needs. There are four pricing tiers to choose from, including one custom option that allows you to tailor your tools and services to your business’s needs.

Explore top FreshBooks alternatives that offer diverse accounting solutions tailored to meet the unique needs of various businesses.

Why Use FreshBooks Instead of MYOB

• Advanced features on the newly upgraded version
• Secure backups to protect your data
• Dashboard is easy to customize
• Modern and sleek interface

Why Use MYOB Instead of FreshBooks

• Allows you to choose the features you need
• Quick and responsive customer support
• Integrates to mobile apps
• Pay and track multiple expenses

4. Saasu

Saasu is an online accounting software that is great for tradies, accountants, and growing businesses. You can manage client billing and invoicing, contractor and staff payments, financial reporting and books, banking, and account reconciliation all through the application. You get a handy audit trail of all of your business’s financial activity to ensure that every customer interaction, financial transaction, and client account activity get recorded and archived for tax time.

You’ll be able to take advantage of a range of business management and accounting tools, including creating branded statements and invoices with over 50 currencies to choose from. The automatic bank reconciliation on this software ensures that your accounts match your bank statements, and you get a good understanding of your business’s finances using the profit & loss reports and balance sheets.

It’s a payroll solution too that has an automatic tax calculation and tools to track your time spent per project to help speed up your payment processing. You can manage online inventory and connect right to your chosen eCommerce website to keep everything updated. Finally, this MYOB alternative gives you custom reporting tools to help improve your business sales and overall performance.

Why Use Saasu Instead of MYOB

• 50 currencies to choose from
• Automatic bank reconciliation
• Automatic tax calculator feature
• Custom reporting tools available

Why Use MYOB Instead of Saasu

• Manage rosters and pay Super
• Track jobs using budgets
• Bill by time spent
• Manage currencies

5. Xero

Xero is very flexible, and this allows you to use it occasionally for your business or every day to manage your day-to-day finances. It lets you take your double bookkeeping and other complex financial tasks and scale them down for small businesses. If you don’t have an in-house accounting team, you can take advantage of the certified advisors this software suite offers.

This software integrates easily with accounting systems or third-party solutions without a problem, and you can pick out the plan that matches your business needs as it grows. You can pay your bills, claim expenses, monitor your cash flow and bank account, track projects, accept payments, upload contacts, capture data, and organize everything into smart lists to generate reports.

Xero can convert currency into 160 different currencies to make taking payments easier, and you can create purchase orders for your clients. There are add-ons and tools available that all center around a user-friendly dashboard that makes it easy to track your finances at a glance. You can take advantage of the free trial to see if it’s a good fit for your small business.

Explore a selection of Xero alternatives, each offering unique accounting features and functionalities suited to different business needs.

Why Use Xero Instead of MYOB

• Express setup available
• Able to create payroll forms
• Can find and change expense claims or bank accounts on file
• Fast and accurate transactions

Why Use MYOB Instead of Xero

• Allows you to set multiple locations
• Track and manage your cash flow
• Manage rosters
• Able to track leave for each employee

6. Zoho Books

If you have a small business and need a way to manage all of your finances while monitoring your cash flow, try Zoho Books. It has a very straightforward and simple design that is easy to navigate. Also, it lets you make decisions for your business based on data it collects from across each department.

This software suite comes as part of the Zoho product line, and you get a host of friendly support staff that is on hand should you run into any questions or concerns. You can take online payments for your products or services, and it allows you to quickly and easily send professional, customized invoices.

You can use Zoho Books to send estimates, track time, send invoices, add an accounting team, track clients using a portal, track inventory, create sales orders, and automate many daily financial processes. You gain access to a vendor portal too, and your vendors can use it to manage their transactions with your business on their own time.

Discover various alternatives to Zoho, each providing distinct features and capabilities to suit diverse business accounting needs.

Why Use Zoho Books Instead of MYOB

• Takes over back-office duties
• Dashboard gives you graphs
• Offers quick overviews of financial data
• Very detailed but simple dashboard

Why Use MYOB Instead of Zoho Books

• Allows you to manage suppliers
• Bill by time spent per project
• Set up different locations
• Track, report, and reorder inventory in real time

7. Reckon One

Reckon One is one of the lesser-known MYOB alternatives available on the market for Australian small business owners, but it’s an affordable and easy accounting software that is worth checking out. It does all of the essential things you need for your small businesses, including invoicing, real-time reporting, cash flow management, bank connections, payroll, project management, and expense tracking.

Additionally, you can use Reckon One to integrate with over 1,000 third-party applications. This list includes the biggest applications for CRM, eCommerce, inventory, and project management. It can help you streamline your day-to-day workflow to free up time you can spend elsewhere. There are pricing tiers on this software too that allow you to scale it to your business needs.

As a bonus, you can easily add or remove features as your business needs change, and this is a versatility that you won’t get with most accounting or invoicing software for small businesses in australia. You can set up payroll using Single Touch Payroll, and it has a streamlined design that is less clunky than some of the competition.

Why Use Reckon One Instead of MYOB

• Add or remove features at will
• Do payroll for thousands of employees
• Responsive support team
• Unlimited pay runs

Why Use MYOB Instead of Reckon One

• Automate your processes
• Accurate time tracking
• Create custom quote templates
• Create unique job identifiers

8. Sage Business Cloud Accounting

Another MYOB alternative that is powerful enough for small business owners is Sage Business Cloud Accounting. It claims that it’ll give you everything you need to take care of your business’s finances, and it comes specially designed for sole proprietors and small business owners. You get a very user-friendly dashboard that helps to increase your overall productivity and efficiency levels.

You get a host of nice features with this accounting software, including bank connections, invoicing, customer management, third-party integration, credit card processing, reporting, cash flow forecasts, BAS reporting, inventory, and payroll. There is a desktop version and a mobile app that allows you to manage your finances on the go, and pricing starts at $20.00 a month with the option to include paid add-on features like direct bank feeds and time tracking.

You can seamlessly integrate PayPal or eWay to help your business get paid faster for each project you take on. It also lets you share access with your accountant to ensure they’re ready to go when tax time comes around. Finally, you can monitor your stock levels while controlling your costs in one location.

Why Use Sage Business Cloud Accounting Instead of MYOB

• Share access with your accountant
• Remotely monitor inventory in real time
• STP compliant payroll
• Cash flow forecasts and financial projections available

Why Use MYOB Instead of Sage Business Cloud Accounting

• Single-Touch Payroll enabled software
• Search and organize supplier records
• Connect foreign bank accounts
• Lodge BAS from your software

9. Rounded

Rounded is an MYOB alternative that is for sole traders. It’s relatively new as it was only founded in 2015, but it packs a huge amount of features into a sleek and beautiful user interface. The dashboard will show you what you earned for the month, your expenses, and your invoice status. This allows you to easily monitor your cash flow.

You can easily set up separate pages for your clients and use a color-coding system to organize them, and you can set up income categories for everything you do. You can have one for website design, content marketing, copywriting, eCommerce, and so on. The separate income page allows you to keep track of your earnings as well as how many products or services the business has sold so far.

The time-tracking tool allows you to quickly and easily bill your clients for the correct time, attach it to an invoice, and send it off. One unique feature is that it allows you to set earnings goals each month or for the year, and there is a small status bar that will update as your clients pay your invoices. You get unlimited invoices, quotes, and unlimited client billing potential for $16.95 a month, including reports and time tracking. You can increase it to $22.95 a month to add in GST and BAS management.

Why Use Rounded Instead of MYOB

• Color-coding client organization system
• Allows you to set monthly and yearly budgeting goals
• GST and BAS management tools
• Divide your work up into different categories

Why Use MYOB Instead of Rounded

• Track stock and purchases from more than one location
• Archive supplier and customer records
• Easy to search for receipts/interactions
• Create unique job numbers for invoices

10. Invoice Simple

You’ll use invoice-generating solution to help track your small business’s finances with this MYOB alternative. You can use it on the go from your phone using the app, but there is also a desktop version. It allows you to make estimates and turn them into invoices, and you can start with blank templates to create professional-grade correspondences for your clients.

You can add your business’s color and logo to make it more personal, and you can convert it into a PDF invoice to share it at the click of a button. You can input your list of services or products and they’ll automatically populate when you select them when you create your estimates or receipts. This helps keep everything organized come tax time.

This software allows you to speed up the payment process by accepting checks, PayPal, Stripe, or banking information from your vendors or customers too. You’ll get a notification when your customer reads your invoice, and there is a built-in wage reporting feature that allows you to see how your business is doing from month to month.

Uncover the best Invoice Simple alternatives – Read our guide to enhance your invoicing strategy now!

Why Use Invoice Simple Instead of MYOB

• Invoice read notification
• Customizable templates available
• Built-in wage reporting tool
• Secure encryption

Why Use MYOB Instead of Invoice Simple

• More features available
• Offers more pricing tiers
• Allows you to track invoices
• Single Touch Payroll

Try Billdu’s Free Trial for Your Small Aussie Business Today

If you’re interested in trying an MYOB alternative accounting or invoicing software, start with Billdu’s free trial. You can see all of the features we offer, test them out for your business, and learn how it can help you get and keep your small business’s finances healthy.