MYOB offers different accounting and business management software solutions tailored to the needs of various businesses.
Acacia has prepared an overview of the differences between MYOB Essentials, MYOB AccountRight, MYOB Exo, MYOB Greentree, and MYOB Advanced to assist assessment of business and accounting needs.
MYOB Essentials
MYOB Essentials is ideal for small businesses that need simple, user-friendly accounting software.
RELEASED IN: 2012
AVAILABLE AS: Cloud-based accounting software.
SUITABLE FOR: Small Businesses (typically Sole Traders) with a turnover of less than $1m
FEATURES: Provides core accounting features such as invoicing, payroll, bank feeds, expense tracking, and reporting with a focus on simplicity and ease of use.
MYOB Premier
MYOB Premier suits small to medium-sized businesses looking for good accounting software.
RELEASED IN: Early 1990’s
AVAILABLE AS: Desktop software.
SUITABLE FOR: Small to medium-sized businesses with a turnover of less than $1m
FEATURES: Offers more advanced features than MYOB Essentials, including inventory management, time billing, multi-currency handling, and advanced payroll.
MYOB AccountRight
MYOB AccountRight suits small to medium-sized businesses looking for advanced features and the flexibility of either cloud-based or desktop-based software.
RELEASED IN: 2011 (Cloud version available in 2013)
AVAILABLE AS: Both cloud-based and desktop software.
SUITABLE FOR: Small to medium-sized businesses, with a turnover of $1m to $2m
FEATURES: Offers more advanced features than MYOB Essentials, including inventory management, time billing, multi-currency handling, and advanced payroll. A good step up from MYOB Essentials. Most companies move in MYOB Advanced from MYOB Account Right.
MYOB Exo
MYOB Exo suits medium to large businesses that need a customisable on-premise ERP solution with various business management features.
RELEASED IN: 1991 as Exonet. Acquired by MYOB in 2000. Upgraded to SQL server edition in 2001.
AVAILABLE AS: On-premise ERP solution.
SUITABLE FOR: Medium to large businesses.
FEATURES: Provides a full suite of business management features including financial management, inventory management, job costing, and customer relationship management (CRM). Offers customisation options to tailor the software to specific business needs. MYOB Advanced is a good next step
MYOB Greentree
MYOB Greentree is designed for larger businesses and enterprises that require a comprehensive on-premise ERP system with advanced features.
RELEASED IN: 1983 Acquired by MYOB in 2016
AVAILABLE AS: Both cloud-based and desktop software.
SUITABLE FOR: Larger businesses and enterprises.
FEATURES: Provides an extensive set of ERP features, including advanced financial management, inventory, distribution, manufacturing, and payroll.
MYOB Greentree is highly customisable and scalable for complex operations. MYOB Advanced may be the next step for your organisation.
MYOB Advanced
MYOB Advanced is best suited for medium to large businesses that prefer a cloud-based ERP solution with advanced functionality and scalability. It is based upon the Acumatica base layer with localisation for Australia and New Zealand by MYOB.
RELEASED IN: 2008 by Acumatica, released in Australia and New Zealand as MYOB Advanced in 2015.
AVAILABLE AS: Cloud-based ERP Solution.
SUITABLE FOR: Medium to large businesses and enterprises.
FEATURES: Offers a comprehensive set of business management tools, including financial management, distribution, manufacturing, project management, and more. Scalable and flexible for growing businesses and complex operations, with dashboards and detailed reporting.
At Acacia, our team has a wealth of experience in supporting businesses to increase efficiency, productivity, and overall operational output.
Acacia has the knowledge and experience across a range of industries to provide the most cost-effective solution for your business. If you are interested in finding out how Acacia can help your business, please contact us to find out more.
