MYOB vs. Odoo

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 7.6 out of 10
N/A
MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks.
$11
per month
Odoo
Score 6.9 out of 10
Mid-Size Companies (51-1,000 employees)
Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.
$31.10
per month per user
Pricing
MYOBOdoo
Editions & Modules
Solo
$11
per month
Lite
$34
per month
Pro
$63
per month
Premier
$88.50
per month
Account Right Plus
$150
per month
Standard
$31.10
per month per user
Custom
$46.70
per month per user
Offerings
Pricing Offerings
MYOBOdoo
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup fee-$49,321,250 per app/ per user/ per month
Additional DetailsA discount is offered for new users for the first 12 months of use for the initial users purchased. ($24.90 instead of $31.10 for Standard)
More Pricing Information
Community Pulse
MYOBOdoo
Features
MYOBOdoo
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
Odoo
4.0
Ratings
57% below category average
Pay calculation10.00 Ratings5.80 Ratings
Benefit plan administration10.00 Ratings6.00 Ratings
Direct deposit files10.00 Ratings6.00 Ratings
Salary revision and increment management10.00 Ratings00 Ratings
Reimbursement management10.00 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
Ratings
27% above category average
Odoo
8.5
Ratings
11% above category average
API for custom integration10.00 Ratings8.00 Ratings
Plug-ins10.00 Ratings9.00 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
Ratings
18% above category average
Odoo
2.4
Ratings
109% below category average
Single sign-on capability10.00 Ratings1.00 Ratings
Role-based user permissions10.00 Ratings3.90 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
Ratings
24% above category average
Odoo
7.7
Ratings
6% above category average
Dashboards10.00 Ratings7.90 Ratings
Standard reports10.00 Ratings7.30 Ratings
Custom reports10.00 Ratings7.90 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
9.1
Ratings
16% above category average
Odoo
3.6
Ratings
73% below category average
Accounts payable10.00 Ratings6.20 Ratings
Accounts receivable10.00 Ratings6.20 Ratings
Cash management10.00 Ratings00 Ratings
Bank reconciliation10.00 Ratings00 Ratings
Expense management10.00 Ratings00 Ratings
Time tracking6.00 Ratings00 Ratings
Fixed asset management10.00 Ratings00 Ratings
Multi-currency support10.00 Ratings00 Ratings
Multi-division support10.00 Ratings00 Ratings
Regulations compliance10.00 Ratings00 Ratings
Electronic tax filing5.10 Ratings00 Ratings
Self-service portal6.30 Ratings00 Ratings
Global Financial Support10.00 Ratings3.90 Ratings
Primary and Secondary Ledgers10.00 Ratings5.80 Ratings
Intercompany Accounting10.00 Ratings00 Ratings
Localizations10.00 Ratings00 Ratings
Journals and Reconciliations10.00 Ratings4.80 Ratings
Enterprise Accounting2.80 Ratings00 Ratings
Configurable Accounting10.00 Ratings3.50 Ratings
Centralized Rules Framework10.00 Ratings00 Ratings
Standardized Processes10.00 Ratings3.50 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
Ratings
31% above category average
Odoo
6.2
Ratings
24% below category average
Inventory tracking10.00 Ratings8.50 Ratings
Automatic reordering10.00 Ratings7.10 Ratings
Location management10.00 Ratings7.80 Ratings
Manufacturing module10.00 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
Odoo
5.6
Ratings
34% below category average
Pricing10.00 Ratings7.30 Ratings
Order entry10.00 Ratings7.90 Ratings
Credit card processing10.00 Ratings8.10 Ratings
Cost of goods sold10.00 Ratings7.80 Ratings
Order Orchestration10.00 Ratings6.10 Ratings
End-to-end order visibility10.00 Ratings00 Ratings
Order exception Resolution10.00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
MYOB
-
Ratings
Odoo
2.4
Ratings
103% below category average
Billing Management00 Ratings5.80 Ratings
Cash and Asset Management00 Ratings5.80 Ratings
Travel & Expense Management00 Ratings5.80 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings2.00 Ratings
Period Close00 Ratings4.80 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
MYOB
-
Ratings
Odoo
1.0
Ratings
154% below category average
Budgeting and Forecasting00 Ratings1.00 Ratings
Project Costing00 Ratings1.00 Ratings
Cost Capture00 Ratings1.00 Ratings
Capital Project Management00 Ratings1.00 Ratings
Customer Contract Compliance00 Ratings1.00 Ratings
Project Revenue Recognition00 Ratings1.00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
MYOB
-
Ratings
Odoo
2.5
Ratings
93% below category average
Project Planning and Scheduling00 Ratings7.00 Ratings
Task Insight for Project Managers00 Ratings7.00 Ratings
Project Mobile Functionality00 Ratings6.00 Ratings
Definable Resource Pools00 Ratings7.00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
MYOB
-
Ratings
Odoo
1.0
Ratings
152% below category average
Award Lifecycle Management00 Ratings1.00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
MYOB
-
Ratings
Odoo
7.4
Ratings
7% above category average
Bids Analyzed and Compared00 Ratings6.00 Ratings
Contract Authoring00 Ratings7.00 Ratings
Contract Repository00 Ratings5.00 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings6.00 Ratings
Supplier Management00 Ratings6.70 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
MYOB
-
Ratings
Odoo
7.8
Ratings
18% above category average
Risk Repository00 Ratings10.00 Ratings
Control Management00 Ratings1.00 Ratings
Control Efficiency Assessments00 Ratings1.00 Ratings
Issue Detection00 Ratings10.00 Ratings
Remediation and Certification00 Ratings10.00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
MYOB
-
Ratings
Odoo
3.5
Ratings
62% below category average
Transportation Planning and Optimization00 Ratings1.00 Ratings
Transportation Execution Management00 Ratings1.00 Ratings
Trade and Customs Management00 Ratings1.00 Ratings
Fulfillment Management00 Ratings1.00 Ratings
Warehouse Workforce Management00 Ratings1.00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
MYOB
-
Ratings
Odoo
7.8
Ratings
5% above category average
Production Process Design00 Ratings8.00 Ratings
Production Management00 Ratings6.40 Ratings
Configuration Management00 Ratings7.00 Ratings
Work Execution00 Ratings7.00 Ratings
Manufacturing Costs00 Ratings8.00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
MYOB
-
Ratings
Odoo
7.7
Ratings
8% above category average
Forecasting00 Ratings7.50 Ratings
Inventory Planning00 Ratings6.50 Ratings
Performance Monitoring00 Ratings7.50 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
MYOB
-
Ratings
Odoo
8.2
Ratings
14% above category average
Proposal Management00 Ratings9.00 Ratings
Product Master Data Management00 Ratings6.00 Ratings
Best Alternatives
MYOBOdoo
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Zoho One
Zoho One
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBOdoo
Likelihood to Recommend
9.0
(0 ratings)
7.3
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
1.0
(0 ratings)
Usability
10.0
(0 ratings)
7.8
(0 ratings)
Support Rating
1.2
(0 ratings)
1.0
(0 ratings)
Implementation Rating
5.0
(0 ratings)
-
(0 ratings)
Ease of integration
1.0
(0 ratings)
-
(0 ratings)
User Testimonials
MYOBOdoo
Likelihood to Recommend
For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Read full review
Implementation was a terrible experience for us. Because it required a third party, we ended up way over budget and schedule. While Odoo advertises that it works with many systems, these third-party integrations often don't work out of the box and require extensive coding to set up. Furthermore, these "apps" can frequently break or lose integration.
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Pros
  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
Read full review
  • Possibility to customize the fields and some workflows is rather simple and a lot of tutorials are available on the internet.
  • The community version is free as are most modules and some paying modules developped for specific purposes are available in the marketplace.
  • It is easy to configure products with accounting, everything is smooth.
Read full review
Cons
  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
Read full review
  • We had to work with an implementation team to customize Odoo into something that could truly work for us.
  • I would like to be able to run some reports in an easier way.
  • We did have to implement the use of an iOT box as well for something like printing barcode stickers.
Read full review
Likelihood to Renew
We have been looking in to other cloud based accounting options.
Read full review
No answers on this topic
Usability
Still 10 for me, I have no problem at all using this toll even it hangs sometimes, I need to log in again to refresh it and it always ask to update the MYOB app. i Also like the security of this platform, iT always asks for the code (before logging in.
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Once you complete the training with Odoo, you have a great grasp of how the system works, and most every feature is intuitive- There is rarely a task within Odoo that I get frustrated trying to figure out- I can typically look through the system and find what I need to do, and if I ever do need support, the Odoo Support team is excellent
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Support Rating
MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
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Easy - there is NO SUPPORT (like in ABSOLUTELY NOTHING!!!!!!!). Even for legally mandatory requirements where the system MUST work, they will gladly take a month to get back to you with a NON-answer. We couldn't even get our bank statements correctly into Odoo for 2 months - leading to no reconciliation and the company accounts were a mess (still are!!) as a result - Completely irresponsible. Have not EVEN had an apology from Odoo - they couldn't care less !!
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Alternatives Considered
I found Xero just a little to plain for my liking, I went with MYOB for my second business as it was easier to do this, and I already knew how it all worked. Xero does have a few features that are pretty good, but overall I think MYOB is a better product.
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Compared to Zoho, I think Odoo lacks some clear ease of use that Zoho provides out of the box. Mainly the easy importation of leads and conversion / tracking. Additionally Zoho analytics is easier to customize the dashboard from the menus. After some tinkering I think you can get the same thing with Odoo, it's language and logic just take some geting used to. Airtable provides similarly easy to customize dashboards that are aesthetically appealing. but lacks the ability to track the customer journey as effectively as Odoo or Zoho systems.
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Return on Investment
  • Made a life a lot easier by removing a lot of separate entries in multiple excel sheets
  • With all of the relevant information in one place, it is easier to process payments.
  • Most of the business only have one person doing the payroll compared to the team effort.
Read full review
  • It has helped us improve our purchasing and sales flow, now it is more organized, we can see which product was purchased from which supplier and which price is more convenient, very good
  • It helps to manage payments efficiently, and in less time than when it was managed manually, so it is a positive point that we can rescue in our organization.
  • In my case, managing inventory helps me more easily locate the most specific products that I require. Currently, we do not have details of mismatches with the products, so my inventory and my stock are kept perfectly updated.
Read full review
ScreenShots

Odoo Screenshots

Screenshot of Odoo HomeScreenshot of Odoo ProjectScreenshot of Odoo Website GeneralScreenshot of Odoo POSScreenshot of Odoo AccountingScreenshot of Odoo Inventory