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The Cost of MYOB’s New Look

Cloud technology and energetic competition have driven MYOB to develop new technology, functionality and even a new image, culture and direction for the future.  For free?  Of course not, it looks fantastic but let’s have a look at the damage.

Their most popular desktop software with cloud access, and one of our favourites here at The Money Edge, is MYOB AccountRight Live.  Here’s how the price is changing at each level at 1 April 2017*:

AccountRight Basics Was $40, will be $44 inc GST per month
Featuring cashbooks with GST, customer invoicing, job tracking and customisable reports


AccountRight Standard Was $55, will be $61 inc GST per month
As above with stock management, supplier purchasing and electronic bill payments


AccountRight Plus Was $85, will be $92 inc GST per month
As above with time-billing and complete payroll functionality


AccountRight Premier Was $110, will be $121 inc GST per month
As above with multi-currency, multi-user access and two separate files


*For the desktop-only version there is an upfront fee and no subscription is needed. Contact our office on 07 4151 8898 for those prices.

MYOB is also investing heavily in their completely cloud-based solution called MYOB Essentials.  For the lucky people using MYOB Essentials (sarcasm alert, this is not a favourite) the price will be increasing to $40 per month for the standard file, or $50 per month with payroll, including GST.   If you are using MYOB Essentials and it’s not serving you well, please talk to The Money Edge Team about better alternatives that are available.

Overall these developments won’t break the bank and MYOB is still very cost effective in terms of labour-hours saved, but if you are wondering how you can get the best value from your accounting software, we are happy to discuss your options with you.

If you have any questions or would like to discuss your accounting software options, please do not hesitate to contact The Money Edge Team on 07 4151 8898.


Amanda Wolff | Bookkeeper | The Money Edge | Bundaberg

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