FreeAgent vs MYOB Acumatica: Complete Comparison (2026)
An in-depth comparison of FreeAgent and MYOB Acumatica to help you choose the right tool for your business.
Last updated: November 2026
FreeAgent
6.4/10
FreeAgent is UK cloud accounting software for sole traders, limited companies, partnerships, and landlords. It covers invoicing, banking, payroll, and Making Tax Digital filing.
MYOB Acumatica
6.4/10
Cloud ERP for mid-sized Australian and New Zealand businesses, covering financials, payroll, inventory, CRM, and project accounting with local tax compliance built in.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.4/10 | 6.4/10 |
| Scalability | 3/10 | 8/10 |
| Analytics | 4/10 | 7/10 |
| Compliance | 8/10 | 8/10 |
| Integration | 6/10 | 7/10 |
| Security | 6/10 | 6/10 |
| Support | 7/10 | 6/10 |
| Cost | 8/10 | 3/10 |
| Customization | 4/10 | 8/10 |
| Ease of Use | 8/10 | 6/10 |
| Pricing | ||
| Free plan | No | No |
| Cheapest paid plan | £10/mo Landlord | Contact for pricing |
| Estimated cost for 10 users | £10/mo Landlord | Contact for pricing |
| Features | ||
| Invoicing | ||
| Accountant Access | Not listed | |
| Financial Reporting | ||
| Expense Management | ||
| Online Payments | Not listed | |
| Payroll | ||
| General Ledger | ||
| Tax Compliance | ||
| Multi-currency | Not listed | |
| Bank Reconciliation | ||
| Inventory Accounting | Not listed | |
| Accounts Payable | Not listed | |
Which One Should You Choose?
Why choose FreeAgent
- Higher Cost score (8/10 vs 3/10)
- Higher Ease of Use score (8/10 vs 6/10)
- Better fit for small business (8/10 vs 3/10)
Why choose MYOB Acumatica
- Higher Scalability score (8/10 vs 3/10)
- Higher Customization score (8/10 vs 4/10)
Pros & Cons
FreeAgent
Pros
- Free for customers with a NatWest, RBS, Ulster Bank, or qualifying Mettle business account.
- Built-in HMRC filing covers MTD VAT, Self Assessment, and MTD for Income Tax, and the limited company plan adds end-of-year filing.
- Reviewers often praise its UK-based phone and chat support.
- Every plan includes time tracking, projects, and invoicing, which suits freelancers who bill by the hour.
- Multi-currency invoicing and foreign-currency bank accounts are supported, with realised and unrealised gains and losses calculated automatically.
Cons
- Reviewers describe invoice templates as basic and say custom reporting is limited.
- Payroll suits only director-only setups or very small teams.
- Its integration ecosystem is smaller than those of Xero or QuickBooks.
- It has no multi-entity consolidation or advanced controls, so it does not scale to larger firms.
- Some users report out-of-date help articles.
MYOB Acumatica
Pros
- GST, BAS, Single Touch Payroll and NZ IRD compliance are built in for ANZ businesses
- Industry editions for construction, manufacturing, distribution and not-for-profit
- Financials, payroll, inventory, CRM and projects run in one cloud system
- The subscription covers hosting, backups, disaster recovery and upgrades
Cons
- No public pricing, so every quote must come through a partner
- Partners quote implementations from roughly 30,000 to over 150,000 dollars
- Payroll, advanced API access and AI or OCR automation can cost extra
- Reviewers say the pricing is not friendly to small businesses, and partners note that scaling down is restricted
