MYOB Competitors and Alternatives (2024)
But MYOB isn’t your only option. We’ll dive into the top MYOB competitors and alternatives for your business.
We’ll also talk about how the Wise Business account can help you manage your business easily and cost-effectively across borders.
Wise for your International Business
Budgets, Jars, Making Low-cost Transactions with Wise Business offers great features for you to operate your business on your own terms. First and foremost, you can integrate your Wise account with accounting software, such as Xero, QuickBooks, Wave, NetSuite, and Sage.
New Wise Business Features for Budgeting
Jars - A jar is where business owners and admins can set aside money for specific purposes. It’s kept separate from the balance of that currency. Team members can't spend from Jars.
Groups - Groups give you control over how you separate your funds and manage your team members' access to spend from those funds. Money in Groups is kept separately from your main balances.
Odoo
Odoo is known as an open-source ERP and CRM. Aside from these two core apps, Odoo offers a suite of business apps that cover all your company's needs: ecommerce, accounting, inventory, point of sale, project management, etc. As a result, Odoo offers multiple solutions that can accommodate and flex to fit your business needs. A community of business experts and developers underpins the Odoo platform, helping it to change and align to your business needs.
Pricing:
Three plans: One App Free ($0/mo), Standard ($24.90/mo per user), Customer ($37.40/mo per user)
Microsoft Dynamics
The folks at Microsoft label their popular tool, Microsoft Dynamics 365 as a "portfolio of intelligent business applications." What does that mean? It means that after integrating Microsoft Dynamics into your business that you will be able to tap into a suite of business solutions that can cover the everyday requirements of your business. For many businesses, Microsoft Dynamics will serve as an ERP or CRM, but there's a lot more that you can get do with it as an all-in-one tool. For example, you manage your supply chain, sales, customer data, marketing, human resources with Microsoft Dynamics. It's important to note that many of these features can be added at an additional cost per active user.
Pricing:
You will find various plans for small business but also for specific departments, such as sales and customer service. Here's the two pricing plans for small businesses: Business Central Essentials ($70/mo) and Business Central Premium ($100/mo)
Deltek
Deltek offers a range of solutions that can help various size organizations from small business to large government contractors manage their day-to-day business needs effectively. Specifically, Deltek targets agencies, consultants, government contractors, and companies that operate on a project basis. The company specializes in ERP and PSA software. PSA might be a new term for you. Deltek calls it, "professional services automation software." This software consists of tools that assist professional services organizations in finding, winning, and retaining customers. Small businesses can tap into their Ajera project management and accounting software, which will help users manage cash flow, people, and projects. Most importantly, Deltek customers get the crucial insights to make better decisions.
Pricing:
Contact Sales
Some features Wise Business users love:
Receive Payments like a local: Businesses can pay a one-time fee for accounts details in global currencies, such as USD, EUR, GBP, CAD, so they can receive money without any additional fees
Send payments at low cost: Wise Business is doing its best to lower the costs of doing business. With the mid-market exchange rate, you can send money overseas with Wise and avoid hidden fees.
Account Software Integration: QuickBooks, Xero, Sage, and Wave
Payroll and batch payment tools: Pay up to 1,000 invoice in one instance
The International Account: Hold and make payments in 40+ currencies
Transparency: Wise Business is trying to get rid of all your business account fees
Brightpearl
If you are not looking for an ERP that covers every aspect of your organization, Brightpearl may be your ideal software. Specifically, this software deals with inventory management and planning. Ecommerce, B2B, and wholesale companies can tap into Brightpearl, wihch integrates into your ecommerce store, whether Magento, Shopify, BigCommerce, eBay, or Amazon. When it comes to functional that is more traditionally related to an ERP, you'll get the ability to do retail accounting and manage your customer relationships.
Pricing:
Contact Sales
ERPnext
Similar to Odoo, you will find that ERPnext positions itself as an open-source ERP. This means that you will find many apps and integrations, along with a bustling community eager to make the software work with their business needs. When software has 1000+ tools to help your business, it can be a little confusing to understand just what they are known for. ERPnext lists a number of features on their website: Financial accounting, Order management, HR and payroll, manufacturing, CRM, projects, and more.
Pricing:
Two Plans: Small Business ($50/mo), Custom (Contact Sales)
Bonsai
Bonsai is a popular business management company that provides a single solution for a few key business tasks. Here are the main areas that Bonsai helps you manage with their all-in-one solution: Projects, Clients, and Finances. When it comes to projects, you can tap into resources for contracts, forms, scheduling, and client management. You can also manage the ins-and-outs of projects through time tracking, collaboration, and invoicing. Finally, there is managing your finances where Bonsai assists in helping you conduct payments, track expenses, get help on your taxes, and even get a bank account.
Pricing:
Three Plans: Starter ($25/mo), Professional ($39/mo), Business ($79/mo)
Try Wise Business for Overseas and Domestic Payments
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies.
You can also get 9 major currency account details for a one-off fee to receive overseas payments like a local. You can open and manage your account online, or via the app, whenever you need. No need to wait in line or book appointments.
Sources:
- https://www.hellobonsai.com/pricing
- https://myob.com/au/pricing
- https://www.odoo.com/pricing-plan
- https://dynamics.microsoft.com/en-us/pricing/
- https://www.deltek.com/en/about/contact-us
- https://www.brightpearl.com/bookdemo/
- https://erpnext.com/pricing
- https://www.trustpilot.com/review/wise.com
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.