MYOB vs Zoho Books Comparison
Compare MYOB vs Zoho Books features, pricing, and more.
Last updated: November 2026
MYOB
6/10
MYOB offers accounting, payroll, and tax compliance software for small and medium businesses in Australia and New Zealand, from sole traders to multi-entity firms.
Zoho Books
7/10
Cloud accounting software from Zoho for small and growing businesses, covering invoicing, bank reconciliation, bills, inventory and financial reporting.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6/10 | 7/10 |
| Analytics | 5/10 | 7/10 |
| Compliance | 8/10 | 7/10 |
| Cost | 6/10 | 8/10 |
| Customization | 5/10 | 8/10 |
| Ease of Use | 6/10 | 7/10 |
| Integration | 5/10 | 7/10 |
| Scalability | 6/10 | 6/10 |
| Security | 7/10 | 7/10 |
| Support | 4/10 | 5/10 |
| Pricing | ||
| Free plan | No | Yes |
| Cheapest paid plan | A$8/mo Solo by MYOB | $20/mo Standard |
| Estimated cost for 10 users | A$26/mo Lite | $70/mo Premium |
| Features | ||
| Bank Reconciliation | ||
| Financial Reporting | ||
| General Ledger | ||
| Inventory Accounting | ||
| Invoicing | ||
| Multi-currency | ||
| Tax Compliance | ||
| Accountant Access | Not listed | |
| Accounts Payable | Not listed | |
| Audit Trail | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Expense Management | Not listed | |
| Multi-entity Consolidation | Not listed | |
| Online Payments | Not listed | |
| Payroll | Not listed | |
MYOB vs Zoho Books cost by team size
| Team size | MYOB | Zoho Books |
|---|---|---|
| 1 user | A$8/moSolo by MYOB | FreeFree |
| 5 users | A$26/moLite | $50/moProfessional |
| 10 users | A$26/moLite | $70/moPremium |
| 25 users | A$26/moLite | FreeFree |
| 50 users | A$26/moLite | FreeFree |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose MYOB
- Higher Compliance score (8/10 vs 7/10)
Why choose Zoho Books
- Has a free plan (MYOB does not)
- Higher Customization score (8/10 vs 5/10)
- Higher Analytics score (7/10 vs 5/10)
Pros & Cons
MYOB
Pros
- BAS lodgement and GST tracking are built for Australian Taxation Office rules, so local businesses need no extra compliance tool.
- Payroll and inventory are native features at lower price points than many rivals that rely on add-on apps.
- There is no lock-in contract, and new customers get large introductory discounts.
- The security page lists ISO 27001 and PCI DSS, and logins support passkeys and two-factor authentication.
- The plans scale from a mobile-only sole trader app up to multi-currency, multi-business desktop and cloud editions.
Cons
- Users on Trustpilot and Capterra report bugs, dropouts and problems after updates or forced migrations.
- Support gets mixed reviews, with complaints about long waits and unresolved issues, and one comparison says there is no phone support.
- Its third-party integration ecosystem is smaller than Xero's, and developers have complained about the cost of API access.
- Multiple currencies and multiple businesses require the top Premier plan, whose price isn't published.
- Its ratings on comparison sites trail Xero's, for example 3.6 versus 4.4 on G2 as cited by Envoice.
Zoho Books
Pros
- The free plan includes online payments, bank reconciliation, recurring invoices and 1099 tracking for one user plus an accountant.
- Pricing is per organization, not per user, so small teams avoid per-seat costs.
- It connects natively with Zoho CRM, Zoho Payroll, Zoho Inventory and Zoho Analytics.
- Professional and higher plans include custom workflows, custom roles and approvals, and Premium adds custom modules and functions.
- On the Elite plan, inventory features cover warehouses, serial and batch tracking, and marketplace sync.
Cons
- Budgets, multi-currency and advanced inventory are only available on higher-priced tiers.
- Reviewers on Capterra and in NerdWallet's write-up describe slow or unhelpful customer support.
- It has fewer third-party integrations than its main competitors, according to NerdWallet.
- A PeerSpot reviewer found it awkward to invoice the same customer in different currencies.
- Even the top plan has a hard cap of 15 users, plus annual transaction limits.
Not sold on either?
Frequently Asked Questions
Zoho Books scores higher on our Finance Software criteria: 7/10 against 6/10 for MYOB. The largest gap is in Customization: 5/10 for MYOB and 8/10 for Zoho Books.
Zoho Books has a free plan; MYOB does not list one.
