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
MYOB
Odoo
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
MYOB
Odoo
Free Trial
Yes
Yes
Free/Freemium Version
No
Yes
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
-$49,321,250 per app/ per user/ per month
Additional Details
—
A 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
MYOB
Odoo
Features
MYOB
Odoo
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 calculation
10.00 Ratings
5.80 Ratings
Benefit plan administration
10.00 Ratings
6.00 Ratings
Direct deposit files
10.00 Ratings
6.00 Ratings
Salary revision and increment management
10.00 Ratings
00 Ratings
Reimbursement management
10.00 Ratings
00 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 integration
10.00 Ratings
8.00 Ratings
Plug-ins
10.00 Ratings
9.00 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 capability
10.00 Ratings
1.00 Ratings
Role-based user permissions
10.00 Ratings
3.90 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
Dashboards
10.00 Ratings
7.90 Ratings
Standard reports
10.00 Ratings
7.30 Ratings
Custom reports
10.00 Ratings
7.90 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 payable
10.00 Ratings
6.20 Ratings
Accounts receivable
10.00 Ratings
6.20 Ratings
Cash management
10.00 Ratings
00 Ratings
Bank reconciliation
10.00 Ratings
00 Ratings
Expense management
10.00 Ratings
00 Ratings
Time tracking
6.00 Ratings
00 Ratings
Fixed asset management
10.00 Ratings
00 Ratings
Multi-currency support
10.00 Ratings
00 Ratings
Multi-division support
10.00 Ratings
00 Ratings
Regulations compliance
10.00 Ratings
00 Ratings
Electronic tax filing
5.10 Ratings
00 Ratings
Self-service portal
6.30 Ratings
00 Ratings
Global Financial Support
10.00 Ratings
3.90 Ratings
Primary and Secondary Ledgers
10.00 Ratings
5.80 Ratings
Intercompany Accounting
10.00 Ratings
00 Ratings
Localizations
10.00 Ratings
00 Ratings
Journals and Reconciliations
10.00 Ratings
4.80 Ratings
Enterprise Accounting
2.80 Ratings
00 Ratings
Configurable Accounting
10.00 Ratings
3.50 Ratings
Centralized Rules Framework
10.00 Ratings
00 Ratings
Standardized Processes
10.00 Ratings
3.50 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 tracking
10.00 Ratings
8.50 Ratings
Automatic reordering
10.00 Ratings
7.10 Ratings
Location management
10.00 Ratings
7.80 Ratings
Manufacturing module
10.00 Ratings
00 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
Pricing
10.00 Ratings
7.30 Ratings
Order entry
10.00 Ratings
7.90 Ratings
Credit card processing
10.00 Ratings
8.10 Ratings
Cost of goods sold
10.00 Ratings
7.80 Ratings
Order Orchestration
10.00 Ratings
6.10 Ratings
End-to-end order visibility
10.00 Ratings
00 Ratings
Order exception Resolution
10.00 Ratings
00 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 Management
00 Ratings
5.80 Ratings
Cash and Asset Management
00 Ratings
5.80 Ratings
Travel & Expense Management
00 Ratings
5.80 Ratings
Budgetary Control & Encumbrance Accounting
00 Ratings
2.00 Ratings
Period Close
00 Ratings
4.80 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 Forecasting
00 Ratings
1.00 Ratings
Project Costing
00 Ratings
1.00 Ratings
Cost Capture
00 Ratings
1.00 Ratings
Capital Project Management
00 Ratings
1.00 Ratings
Customer Contract Compliance
00 Ratings
1.00 Ratings
Project Revenue Recognition
00 Ratings
1.00 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 Scheduling
00 Ratings
7.00 Ratings
Task Insight for Project Managers
00 Ratings
7.00 Ratings
Project Mobile Functionality
00 Ratings
6.00 Ratings
Definable Resource Pools
00 Ratings
7.00 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 Management
00 Ratings
1.00 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 Compared
00 Ratings
6.00 Ratings
Contract Authoring
00 Ratings
7.00 Ratings
Contract Repository
00 Ratings
5.00 Ratings
Requisitions-to-Purchase Orders Integrated
00 Ratings
6.00 Ratings
Supplier Management
00 Ratings
6.70 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 Repository
00 Ratings
10.00 Ratings
Control Management
00 Ratings
1.00 Ratings
Control Efficiency Assessments
00 Ratings
1.00 Ratings
Issue Detection
00 Ratings
10.00 Ratings
Remediation and Certification
00 Ratings
10.00 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 Optimization
00 Ratings
1.00 Ratings
Transportation Execution Management
00 Ratings
1.00 Ratings
Trade and Customs Management
00 Ratings
1.00 Ratings
Fulfillment Management
00 Ratings
1.00 Ratings
Warehouse Workforce Management
00 Ratings
1.00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
MYOB
-
Ratings
Odoo
7.8
Ratings
5% above category average
Production Process Design
00 Ratings
8.00 Ratings
Production Management
00 Ratings
6.40 Ratings
Configuration Management
00 Ratings
7.00 Ratings
Work Execution
00 Ratings
7.00 Ratings
Manufacturing Costs
00 Ratings
8.00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
MYOB
-
Ratings
Odoo
7.7
Ratings
8% above category average
Forecasting
00 Ratings
7.50 Ratings
Inventory Planning
00 Ratings
6.50 Ratings
Performance Monitoring
00 Ratings
7.50 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
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
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.
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.
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
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.
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 !!
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.
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.
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.