Loom vs MYOB: The Complete Buyer's Guide for 2026
Our Harvard-educated consultants have implemented both Loom and MYOB for Australian businesses. Here is what 12+ of experience has taught us about choosing between them.
Feature Comparison
Side-by-side feature ratings for Loom and MYOB.
| Feature | Loom | MYOB | Notes |
|---|---|---|---|
| Messaging features | When it comes to messaging features, Loom pulls clearly ahead of MYOB — a factor worth weighing if this capability is important to your team. | ||
| Video and audio quality | For Professional Services that rely on strong video and audio quality, Loom is the more capable option in our assessment. | ||
| File sharing | MYOB significantly outperforms Loom on file sharing, making it the stronger choice for businesses that prioritise this area. | ||
| Team channels | When it comes to team channels, Loom pulls clearly ahead of MYOB — a factor worth weighing if this capability is important to your team. | ||
| Search and history | When it comes to search and history, MYOB pulls clearly ahead of Loom — a factor worth weighing if this capability is important to your team. | ||
| Security and compliance | For security and compliance, both platforms deliver a similar experience — neither has a clear advantage. | ||
| Invoicing | Loom has a notable advantage in invoicing. | ||
| Expense tracking | When it comes to expense tracking, MYOB pulls clearly ahead of Loom — a factor worth weighing if this capability is important to your team. | ||
| Bank reconciliation | When it comes to bank reconciliation, Loom pulls clearly ahead of MYOB — a factor worth weighing if this capability is important to your team. | ||
| Payroll | For Professional Services that rely on strong payroll, MYOB is the more capable option in our assessment. | ||
| Tax reporting and BAS | For tax reporting and bas, both platforms deliver a similar experience — neither has a clear advantage. | ||
| Multi-currency support | For multi-currency support, both platforms deliver a similar experience — neither has a clear advantage. |
Messaging features
Loom
MYOB
When it comes to messaging features, Loom pulls clearly ahead of MYOB — a factor worth weighing if this capability is important to your team.
Video and audio quality
Loom
MYOB
For Professional Services that rely on strong video and audio quality, Loom is the more capable option in our assessment.
File sharing
Loom
MYOB
MYOB significantly outperforms Loom on file sharing, making it the stronger choice for businesses that prioritise this area.
Team channels
Loom
MYOB
When it comes to team channels, Loom pulls clearly ahead of MYOB — a factor worth weighing if this capability is important to your team.
Search and history
Loom
MYOB
When it comes to search and history, MYOB pulls clearly ahead of Loom — a factor worth weighing if this capability is important to your team.
Security and compliance
Loom
MYOB
For security and compliance, both platforms deliver a similar experience — neither has a clear advantage.
Invoicing
Loom
MYOB
Loom has a notable advantage in invoicing.
Expense tracking
Loom
MYOB
When it comes to expense tracking, MYOB pulls clearly ahead of Loom — a factor worth weighing if this capability is important to your team.
Bank reconciliation
Loom
MYOB
When it comes to bank reconciliation, Loom pulls clearly ahead of MYOB — a factor worth weighing if this capability is important to your team.
Payroll
Loom
MYOB
For Professional Services that rely on strong payroll, MYOB is the more capable option in our assessment.
Tax reporting and BAS
Loom
MYOB
For tax reporting and bas, both platforms deliver a similar experience — neither has a clear advantage.
Multi-currency support
Loom
MYOB
For multi-currency support, both platforms deliver a similar experience — neither has a clear advantage.
Pricing Comparison
General pricing information for each platform.
Loom
Free tier; paid from ~$15/user/month
Pricing is indicative only and subject to change. We recommend contacting the vendor for a tailored quote based on your Australian business needs.
MYOB
From ~$25/month (AU pricing)
These figures are estimates based on publicly available pricing. Actual costs depend on your usage, team size, and any negotiated rates.
Pros & Cons
An honest look at the strengths and limitations of each platform.
Loom
Pros
- Active user community and resources
- Well-documented REST API for custom integrations
- Well-established platform with strong market presence
- Keeps teams aligned across locations
- Handles key data types like videos and folders
Cons
- Onboarding documentation could be more comprehensive
- No real-time webhook support — relies on polling for sync
- Support response times vary by plan tier
- Per-user pricing can be costly for larger teams
MYOB
Pros
- Extensive integration ecosystem with 30+ connectors
- Rich data model covering invoices, contacts, payments and more
- Mobile-friendly interface
- Active user community and resources
- Regular platform updates and improvements
Cons
- Complex data model may require expert configuration
- Bank feed reliability varies by institution
- Onboarding documentation could be more comprehensive
- No real-time webhook support — relies on polling for sync
Best For
Which tool suits which use case.
Choose Loom if you need
- ✓ Team collaboration
- ✓ Education organisations
- ✓ Teams needing extensive third-party integrations
- ✓ Moderate data needs (videos, folders)
- ✓ Professional Services businesses
Choose MYOB if you need
- ✓ Trades & Construction businesses
- ✓ Retail & E-commerce organisations
- ✓ Teams needing extensive third-party integrations
- ✓ Tax compliance
- ✓ Financial reporting
Expert Verdict
Our Harvard-educated consultants' take on this comparison.
Clever Ops Recommendation
MYOB offers a much wider integration ecosystem than Loom, making it a strong choice for businesses with complex tech stacks. However, integration breadth is just one factor. Our Harvard-educated consultants weigh features, pricing, usability, and your specific workflows before making a recommendation.
Migration Notes
What to know about switching between Loom and MYOB.
Migrating Between Loom and MYOB
Clever Ops takes a low-risk approach to migrating between Loom and MYOB. We run both systems in parallel during the transition, transferring your core data in stages and verifying data at each step. Your team continues working in the existing system until the new one is fully validated. The process typically takes 4-8 weeks, followed by 3 months of hands-on support.
Loom vs MYOB FAQ
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