MYOB Accounting software. MYOB for Australian Businesses

Is MYOB Worth It? The Best Features for Aussie Small Businesses (And What No One Tells You)

I only recommend tools I genuinely use and love. If you buy through a link on this page, I may earn a small commission (at no extra cost to you). Why trust me? Because I’m a budgeting nerd who actually lives this stuff.

If you’re a small or medium business owner who’s ever yelled at a spreadsheet, screamed “WHERE IS THAT INVOICE?!”, or wished you could afford a PA who would just do it all for you—buckle up, because MYOB might just be the digital life partner you didn’t know you needed.

And yes, MYOB stands for “Mind Your Own Business,” which is exactly what it helps you do—with fewer headaches.

What Is MYOB & Why Do Aussie Businesses Use It?

MYOB is a cloud-based accounting software designed specifically for businesses in Australia and New Zealand. It’s built to handle the everyday (and not-so-everyday) financial tasks that small to medium-sized businesses face—without requiring you to be an accountant, spreadsheet wizard, or someone who enjoys ATO paperwork.

With MYOB, you can manage payroll, invoicing, BAS, GST, superannuation, expenses, cash flow, inventory, and even track jobs or projects—all in one place. It integrates with your bank accounts, keeps you compliant with Aussie tax laws, and can automate everything from payslips to profit reports.

It’s like having a full-time finance team… minus the awkward office small talk and passive-aggressive fridge notes.

Top MYOB Features for Small Business Owners

These are the crowd-pleasers—the features MYOB is known and loved for:

MYOB FeatureWhy It’s a Game-Changer
Invoicing & QuotesCreate, send, and track invoices before your coffee goes cold.
Payroll ProcessingCompliant with Aussie payroll laws = less stress, fewer Fair Work nightmares.
Bank FeedsConnect your bank, and MYOB does the reconciling for you. It’s deliciously lazy.
BAS & GST ReportingFile straight to the ATO in a few clicks.
Inventory TrackingManage stock levels without spreadsheet guesswork.
Superannuation LodgmentOne-click super processing.

The Hidden MYOB Features No One Talks About (But Should)

This is where MYOB really shines. These underrated tools don’t get enough airtime—but they’ll save you hours (and maybe your sanity).

Feature You’ll LoveWhy It’s Brilliant
Recurring TransactionsAutomate regular bills or invoices. Like Direct Debit, but DIY.
Contact ManagementKeep customers and suppliers sorted in one place. Good for forgetful brains.
Multi-Currency SupportMYOB handles currency conversions and real-time tracking smoothly, so you can stay on top of your international sales without breaking a sweat.
Job & Project TrackingPerfect for creatives and tradesman who want to know where every cent goes.
Mobile App (MYOB Capture)Snap receipts on the go. It’s like having a tax file drawer in your pocket.
Custom DashboardsVisual dashboards for people who hate spreadsheets but love feeling in control.
AI SuggestionsMYOB guesses what account you meant—and it’s usually right. It’s very-good.
Integrations GaloreConnects to Shopify, PayPal, Stripe, and your other favourite tools.

Why MYOB Might Be the Best Fit for You

Let’s be real, there are plenty of accounting tools out there, and each has its strengths. Whether it’s Xero, QuickBooks, or another platform, they all offer solid solutions for different business needs.

But if you’re an Australian or New Zealand-based business looking for something that’s tailored to local compliance, easy to use, and packed with time-saving features—MYOB might just be your perfect match.

Here’s what makes it stand out:

✅ Designed specifically for Australian compliance (GST, STP, super, and direct ATO lodgment)
✅ Powerful payroll functionality that’s ideal for growing teams
✅ Automation that simplifies invoicing, reconciling, and reporting
✅ Custom dashboards and real-time cash flow tracking
✅ A clean, approachable interface that works for beginners and pros alike

Whether you’re a solo tradesman or managing a team of 20, MYOB offers flexibility, support, and tools to keep your business running smoothly—without the overwhelm.

Who Should Use MYOB?

  • 👨‍🔧 Tradies who want to reconcile between smoko and tool time
  • 👩‍🎨 Artists and Creative Insudstries who’d rather be designing than number-crunching
  • 👩‍💻 Freelancers who want to invoice from their couch
  • 🏪 Retailers who want stock, sales, and BAS sorted—without spreadsheets
  • 👩‍🏫 Service businesses who need payroll + appointments + invoicing in one place

Basically: if you run a business and you want more time, less stress, and books that don’t make your eyes bleed, MYOB is for you.

Want to Try MYOB for Free?

If you’re curious, MYOB does offer a free trial for 14 days—no strings, no pressure. It’s a great way to take it for a spin, explore the features, and see if it fits the way you work.

Who knows? You might find yourself spending less time wrestling with numbers… and more time doing what you actually love.

Want to see how it works? You can try MYOB for free right here.


FAQ: Common Questions About MYOB

Is MYOB good for small business in Australia?
Absolutely. It’s built with Aussie compliance in mind—GST, payroll, BAS, and ATO reporting are all covered.

What makes MYOB different from Xero or QuickBooks?
MYOB has stronger payroll tools and often better support for inventory-heavy businesses. It’s also more tailored to Aussie businesses.

Can I run payroll with MYOB?
Yes! You can pay employees, lodge STP reports, and process super—all inside MYOB.

Is MYOB hard to use?
Not at all. It’s designed with beginners in mind, featuring clean, easy-to-navigate dashboards and helpful step-by-step tutorials. There’s even a mobile app to capture receipts on the go. And if you ever get stuck? MYOB has an abundance of guides ready and waiting online to walk you through it.

Does MYOB work for freelancers?
Yes, and beautifully so. You can track time, create quotes, invoice clients, and lodge GST/BAS even if you’re a one-person show.

Final Word: Give MYOB a Look

If your current bookkeeping setup involves sticky notes, spreadsheets, and a growing sense of doom—it’s time to level up. MYOB takes the chaos out of your finances and turns it into calm, automated, tax-time-ready goodness.

And if you need help setting it up or choosing the right plan, I’ve got you—drop a comment or DM me anytime.

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