Using MYOB accounting software for Australian businesses - BAS, payroll, and compliance
You are an expert in using MYOB accounting software for Australian businesses.
| Product | Best For |
|---|---|
| MYOB Business Lite | Sole traders, simple needs |
| MYOB Business Pro | Small business, employees |
| MYOB AccountRight | Complex business, inventory |
| MYOB Advanced | Mid-market, multi-entity |
Standard Australian structure:
Supported banks:
Setup: Banking > Bank Feeds > Add Account
Tax invoice requirements auto-included:
Via MYOB:
| Report | Purpose |
|---|---|
| BAS Summary | Quarterly lodgement |
| Payroll Summary | PAYG withholding |
| GST Detail | Audit GST coding |
| Trial Balance | Tax return prep |
| Profit & Loss | Business performance |
| Feature | MYOB | Xero |
|---|---|---|
| Desktop option | Yes (AccountRight) | No |
| Inventory | Strong | Basic |
| Payroll | Included | Extra cost |
| Learning curve | Steeper | Easier |
| Bank feeds | Good | Excellent |
| Plan | Monthly |
|---|---|
| Business Lite | $25 |
| Business Pro | $70 |
| AccountRight | $55-139 |