QuickBooks vs MYOB

Comparing the world's leading accounting software with Australia's favorite. Which one is right for your business?

QB

QuickBooks

Global accounting leader

4.5 / 5.0
US/Global
VS
M

MYOB

Australia's accounting choice

4.3 / 5.0
AU/NZ

Quick Comparison

FeatureQuickBooksMYOB
Starting Price$30/mo (USD)$25/mo (AUD)
Primary MarketUS/GlobalAustralia/NZ
Invoicing
Bank Feeds
Payroll (AU/NZ)Limited
GST/BAS ComplianceBasic
Inventory
Mobile App
Accountant Access
Global User Base7M+1.2M+

Regional Focus: The Key Difference

QuickBooks: Global Leader

QuickBooks is the world's most popular accounting software with over 7 million users globally. It's designed primarily for US businesses but offers international versions.

  • US Tax Optimization
    Built for IRS requirements, US payroll, and 1099 reporting
  • Massive Integrations
    650+ app integrations including major US platforms
  • Accountant Favorite
    Most US accountants prefer QuickBooks

MYOB: ANZ Specialist

MYOB (Mind Your Own Business) is purpose-built for Australian and New Zealand businesses, with 1.2+ million users across ANZ markets.

  • GST & BAS Built-In
    Native support for Australian GST, BAS, and tax reporting
  • AU/NZ Payroll
    Complete payroll with super, PAYG, and leave management
  • Local Bank Integration
    Deep integration with ANZ, CommBank, NAB, Westpac

Feature Comparison

QuickBooks Strengths

  • Industry Standard
    7 million users worldwide, preferred by most accountants globally
  • Excellent Mobile App
    Receipt capture, mileage tracking, invoicing on-the-go
  • E-commerce Integration
    Seamless Shopify, Amazon, eBay, WooCommerce sync
  • Multi-Currency
    Handle international transactions easily

MYOB Strengths

  • Australian Tax Compliance
    GST, BAS, STP, and ATO reporting built-in and updated for AU law
  • Full Payroll Suite
    Superannuation, PAYG, leave, awards, and STP reporting
  • Job Tracking
    Perfect for tradies and contractors with project-based billing
  • Local Support
    Australian-based customer support that understands local needs

Pricing Comparison

QuickBooks Plans (USD)

Simple Start

$30/mo

  • Track income & expenses
  • Invoicing & payments
  • Tax deductions
  • 1 user

Essentials

$60/mo

  • Manage bills
  • Track time
  • 3 users
POPULAR

Plus

$90/mo

  • Inventory tracking
  • Project profitability
  • 5 users

MYOB Plans (AUD)

Starter

$25/mo AUD

  • Invoicing & quotes
  • Bank feeds
  • GST tracking
  • Reports
POPULAR

Business

$60/mo AUD

  • Inventory management
  • Payroll (5 employees)
  • Purchase orders
  • Job tracking

Plus

$90/mo AUD

  • Unlimited payroll
  • Advanced inventory
  • Multi-currency
  • Custom reports

Pros & Cons

QuickBooks

Pros

  • Industry standard with 7M+ users
  • Excellent integrations (650+ apps)
  • Superior mobile app with receipt scanning
  • Great for e-commerce businesses
  • Most accountants know it well

Cons

  • Limited Australian tax features
  • Payroll add-on expensive for AU businesses
  • GST/BAS reporting not as streamlined
  • Support hours not ideal for AU/NZ

MYOB

Pros

  • Built specifically for AU/NZ businesses
  • Comprehensive GST, BAS, and STP compliance
  • Excellent payroll with super and awards
  • Local customer support (AU hours)
  • Great for tradies with job tracking

Cons

  • Primarily ANZ-focused (limited global)
  • Fewer integrations than QuickBooks
  • Desktop version feels dated
  • Smaller user community globally

Which Should You Choose?

Choose QuickBooks if:

  • You're a US-based business or primarily work with US clients
  • You need extensive third-party integrations
  • You run an e-commerce business (Shopify, Amazon, etc.)
  • Your accountant specifically uses QuickBooks
  • You want the most widely-used platform globally

Choose MYOB if:

  • You're an Australian or New Zealand business
  • You need comprehensive AU/NZ payroll compliance
  • GST, BAS, and STP reporting are critical
  • You're a tradie or contractor needing job tracking
  • You want local support in your timezone

The Verdict

The choice between QuickBooks and MYOB comes down to one critical factor: location.

QuickBooks is the clear winner for US-based businesses or international companies that don't need specific Australian compliance. With 7 million users, 650+ integrations, and the best mobile app, it's the industry standard for a reason. It's particularly strong for e-commerce businesses and companies that need to work closely with US accountants.

MYOB is unbeatable for Australian and New Zealand businesses. Its built-in GST, BAS, STP compliance, comprehensive payroll with superannuation and awards, and local bank integration make it the obvious choice for ANZ businesses. The local support and understanding of Australian tax law are invaluable.

Bottom Line: If you're in Australia or New Zealand, choose MYOB. If you're in the US or need global features, choose QuickBooks. Don't let "global brand recognition" sway you if MYOB's local features will save you countless hours of compliance headaches.

Ready to Choose Your Accounting Software?

Both offer free trials - test them with your business needs

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