In recent times, it has grown increasingly necessary to invest in an online accounting software. There are quite a few such platforms available that have been designed to ensure that the best has been offered to the clients when it comes to efficiency, ease of use and accuracy. However, it is generally the added features and the swift online assistance that ‘takes and cake away’. So, how do we know what to choose and what to lose? Well, for this, here we have a comprehensive guide into the comparison required according to your customized needs, applications and the results that you are aiming at. Here are our top contenders:
Sage Business Cloud Accounting ensures you are able to manage your small business in an easier manner. This accounting software comprises features that have been designed to help you manage your cash flow better and to send and track invoices from all over the cloud.
MYOB Business is accounting software that has been designed to assist the businesses of any size across nationals like Australia and New Zealand to be able to take care of GST, invoices, reporting, expenses and payroll. This also includes the Single Touch Payroll. It has been designed to save time, improve productivity, and stay updated with the ATO obligations.
Our Verdict: It has to be the Sage Cloud Accounting. Bearing in mind the user-accessibility and its application on all business types, irrespective of the size. Also, it is the constant upgrading of the latest features that makes this software a grabber. According to the users, Sage ensures that the regular upgrades, updates and notifications have been regulated to the customers for them to be able to make the most of the applications as and when required
You can also visit for migration: Payroll Data Migration in Sage 50
Now let us take a look at the kind of platforms that have been supported by each of the above accounting softwares.
Sage | Myob |
Platforms supported -YES | Platforms supported -YES |
Web-based -YES | Web-based -YES |
iPhone app – YES | iPhone app – YES |
Android app – YES | Android app – YES |
Windows Phone app -NO | Windows Phone app -NO |
Our Verdict: When it comes to the kind of platform and the choices offered, we suggest you go for any of the above mentioned accounting platforms, as each of these are at ‘par’ with each other.
The next important aspect for the use of any accounting platform is the Customer base it can manage and also the customer base it attracts. So, let us take a look at each of these:
SAGE | MYOB |
Freelancers-YES | Typical Customers-YES |
Small Businesses-YES | Freelancers- YES |
Mid Size Businesses-NO | Small Businesses-YES |
Large Enterprises-NO | Mid size Businesses-YES |
Large Enterprises-YES |
Our Verdict: As clearly observed from above, it is recommended to opt for the MYOB online accounting platform, as it has a far wider reach when it comes to the customer base.
An efficient customer support is yet another major aspect that ensures the reliability and the accountability of a specific accounting platform. Likewise, it is also essential inorder to be able to also maintain the existing customer base. So, let us take a look at the three contenders:
SAGE | MYOB |
Phone- YES | Phone- YES |
Online- YES | Online- YES |
Knowledge base- YES | Knowledge base- YES |
Video tutorials- YES | Video tutorials- YES |
Finally, the ‘customer is the king’. Yes, the final verdict lies in the hands of the customers and how they feel about each product. So, let us take a look at the pros and cons of each of them:
PROS | CONS |
---|---|
The capacity to integrate along with the other Sage solutions is great. | Can be confusing sometimes as all the windows are similar. |
Customer support is one of the best along with a knowledgeable and helpful staff. There are attractive screens available and easy to understand interface and instructions. | There is also a lot of downtime which can be highly uncomfortable at times. |
This Pastel My Business Online is one of the most user friendly, and cost effective comprehensive online packages for almost all Small Businesses or individuals anywhere. | Slightly overcharged |
PROS | CONS |
---|---|
There is a fat chance that your accountant is familiar with this platform. Hence they will be able to make great recommendations. | Canceling your account is very difficult and they will try and screw you out of every last cent. I will never ever use this company or software again. SO ANGRY at the account closing process |
MYOB has the ability to cater for the very small business operators out there by having quite an affordable and easy to use solution. | They might have stolen but it has cost them a customer and I will tell everybody I meet to avoid that software and company like the plague. |
Excellent customer service. | All that needs to be done is to have the option of reports that needs to be converted into excel instead of PDF. |
Our Verdict: We recommend Sage as it is the perfect all-rounder when it comes to the easy accessibility, affordability and the Price tag.
The next aspect of consideration is the key features that each of the platforms offers. Here is a look at what each of them have:
Sage Total Features- 90 | MYOB Total Features120 |
ACH Payment Processing | ACH Payment Processing-NO |
API-NO | API |
Account Reconciliation | Account Reconciliation-NO |
Accounting | Accounting |
Accounts Payable | Accounts Payable |
Accounts Receivable | Accounts Receivable |
Activity Dashboard-NO | Activity Dashboard |
Activity Tracking-NO | Activity Tracking |
Ad hoc Reporting-NO | Ad hoc Reporting |
Aging Tracking | Aging Tracking-NO |
Approval Process Control | Approval Process Control |
Audit Trail-NO | Audit Trail |
Automatic Billing | Automatic Billing |
Bank Reconciliation | Bank Reconciliation |
Billing & Invoicing | Billing & Invoicing |
Billing Portal | Billing Portal |
Budgeting/Forecasting | Budgeting/Forecasting |
CPA Firms | CPA Firms |
Cash Flow Management | Cash Flow Management |
Cash Management | Cash Management |
Chart of Accounts | Chart of Accounts |
Check Processing | Check Processing-NO |
Check Writing | Check Writing-NO |
Client Management | Client Management |
Commission Management | Commission Management |
Compliance Management-NO | Compliance Management |
Consolidation/Roll-Up-NO | Consolidation/Roll-Up |
Contact Database | Contact Database |
Contingency Billing | Contingency Billing-NO |
Core Accounting | Core Accounting |
Cost Management | Cost Management-NO |
Customer Statements | Customer Statements |
Customizable Invoices | Customizable Invoices |
Customizable Reports | Customizable Reports |
Data Extraction | Data Extraction |
Data Import/Export-NO | Data Import/Export |
Document Management | Document Management |
Document Templates-NO | Document Templates |
Dunning Management | Dunning Management |
Duplicate Payment Alert | Duplicate Payment Alert |
Electronic Funds Transfer | Electronic Funds Transfer |
Electronic Payments | Electronic Payments |
Email Management-NO | Email Management |
Estimating | Estimating |
Expense Claims- NO | Expense Claims |
Expense Management-NO | Expense Management |
Expense Tracking | Expense Tracking |
Financial Management | Financial Management |
Financial Reporting | Financial Reporting |
Fixed Asset Management | Fixed Asset Management |
For AEC Industry | For AEC Industry |
For Accountants | For Accountants |
For Medical Purposes | For Medical Purposes |
For Real Estate | For Real Estate |
For Small Businesses | For Small Businesses |
Forecasting | Forecasting |
Fraud Detection | Fraud Detection |
Fund Accounting | Fund Accounting |
Fund Management | Fund Management |
General Ledger | General Ledger |
Hourly Billing | Hourly Billing |
Income & Balance Sheet | Income & Balance Sheet |
Inventory Management | Inventory Management |
Inventory Tracking | Inventory Tracking |
Invoice Creation | Invoice Creation |
Invoice History | Invoice History |
Invoice Management | Invoice Management |
Invoice Processing | Invoice Processing |
Job Costing | Job Costing |
Mobile Access | Mobile Access |
Mobile App | Mobile App |
Mobile Payments | Mobile Payments |
Multi-Company | Multi-Company |
Multi-Currency | Multi-Currency |
Nonprofits | Nonprofits |
Online Invoicing | Online Invoicing |
Online Payments | Online Payments |
Overpayment Processing | Overpayment Processing-NO |
PO Reconciliation | PO Reconciliation-NO |
Partial Payments | Partial Payments |
Payment Collection | Payment Collection |
Payment Processing | Payment Processing |
Payroll Management | Payroll Management |
Payroll Reporting | Payroll Reporting |
Profit/Loss Statement | Profit/Loss Statement |
Project Accounting | Project Accounting-NO |
Project Billing | Project Billing-NO |
Purchase Order Management | Purchase Order Management |
Purchasing & Receiving | Purchasing & Receiving |
Quotes/Estimates | Quotes/Estimates |
Real Time Data | Real Time Data |
Real Time Reporting | Real Time Reporting |
Real Time Updates | Real Time Updates |
Receipt Management | Receipt Management |
Receivables Ledger | Receivables Ledger |
Recurring Payments | Recurring Payments |
Recurring/Subscription Billing | Recurring/Subscription Billing |
Remote Access/Control | Remote Access/Control |
Reporting & Statistics | Reporting & Statistics |
Reporting/Analytics | Reporting/Analytics |
Revenue Recognition | Revenue Recognition |
Sales Tax Management | Sales Tax Management |
Spend Management | Spend Management |
Task Management | Task Management |
Tax Calculation | Tax Calculation |
Tax Compliance | Tax Compliance |
Tax Filing | Tax Filing |
Tax Management | Tax Management |
Third Party Integrations | Third Party Integrations |
Time & Expense Tracking | Time & Expense Tracking |
Time Tracking | Time Tracking |
Transaction Management | Transaction Management |
Vacation/Leave Tracking | Vacation/Leave Tracking |
Vendor Management | Vendor Management |
Likewise, the Integreations is yet another aspect of an online accounting software. So, let us take a look at the integrations offered for each of the above mentioned softwares:
SAGE Total Integrations100 | MYOB Total integrations219 |
Dynamics 365 | Dynamics 365-NO |
Dynamics 365 Business Central | Dynamics 365 Business Central-NO |
FreshBooks | FreshBooks |
Gmail | Gmail-NO |
HubSpot CRM | HubSpot CRM-NO |
Microsoft Excel | Microsoft Excel-NO |
NetSuite | NetSuite-NO |
PayPal | PayPal-NO |
QuickBooks Online Advanced | QuickBooks Online Advanced-NO |
Quickbooks Online | Quickbooks Online-NO |
Total integrations219 | SAP Business One-NO |
Dynamics 365 | Sage Intacct-NO |
Dynamics 365 Business Central | Salesforce Sales Cloud |
FreshBooks | Shopify |
Gmail | Slack-NO |
HubSpot CRM | Stripe-NO |
Microsoft Excel | WooCommerce |
NetSuite | Xero-NO |
PayPal | Zapier-NO |
QuickBooks Online Advanced | authorize.net-NO |
Quickbooks Online | |
Total integrations966 | |
Dynamics 365 | |
Dynamics 365 Business Central | |
FreshBooks | |
Gmail | |
HubSpot CRM | |
Microsoft Excel | |
NetSuite | |
PayPal | |
QuickBooks Online Advanced | |
Quickbooks Online |
Also know how to use Migration Tool: Sage Migration Tool
MYOB is a great platform when it comes to the accounting requirements for organizations of various sizes. However, when it comes to the overall performance and offerings, it has to be SAGE ACCOUNTING. Not only does the software offer a great mode of accountability and applications for the various aspects of book-keeping, it also is a wonderful tool to maintain a steady and seamless operation between the latest upgrades and updates. For more details, be sure to log on to www.accountingadvice.co and you will be pleasantly surprised with the information offered.
Want quick help from accounting software experts? Get in touch with our team members who can install, configure and configure your software for you. Proficient in fixing technical issues, they can help you quickly get back to work whenever you encounter an error in Sage software. Our team is available 24/7 365 days to assist you. To get in touch.
This greatly depends upon the plan that you choose. Also these are comparable when it comes to the budget.
Each of the accounting software are quite similar to each other when it comes to the majority of the features offered. However, there does exist a slight difference in each of these
Sage is better as it offers a more comprehensive feature set. This includes project management, inventory tracking, and international accounting capabilities as well.
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