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MYOB vs Reckon

MYOB vs Reckon - An Honest Breakdown for mid-market Australian businesses

Every business has different workflows, team sizes, and budgets. This comparison of MYOB vs Reckon helps you find the platform that matches your actual needs - not just the one with the biggest marketing budget.

12
Features compared
50+
Clients advised
98%
Client retention
12+
Years experience

Feature Comparison

Side-by-side feature analysis for MYOB and Reckon.

Invoicing

MYOB

MYOB Business offers inventory, invoicing, payroll, and job tracking in a single plan, reducing the need for add-on costs

Reckon

Reckon One modular pricing lets businesses pay only for features they use - invoicing, payroll, and projects are separate add-ons

Both platforms are strong here. MYOB emphasises this as a core strength, and Reckon also invests heavily in invoicing. Review each platform's approach to see which aligns with your team's workflow.

Expense tracking

MYOB

MYOB Business offers inventory, invoicing, payroll, and job tracking in a single plan, reducing the need for add-on costs

Reckon

Limitation: Mobile app functionality is limited compared to competitors, making on-the-go invoicing and expense management less convenient

MYOB highlights expense tracking as a core strength. Reckon offers the capability but does not position it as a primary differentiator.

Bank reconciliation

MYOB

MYOB provides bank reconciliation functionality, popular with Trades & Construction businesses

Reckon

Reckon provides bank reconciliation functionality, popular with Trades & Construction businesses

Both MYOB and Reckon address bank reconciliation. The right choice depends on whether you prioritise depth of functionality or breadth of your overall platform.

Payroll

MYOB

Built-in payroll with award interpretation and STP compliance handles Australian payroll complexity well out of the box

Reckon

Reckon One modular pricing lets businesses pay only for features they use - invoicing, payroll, and projects are separate add-ons

Both platforms are strong here. MYOB emphasises this as a core strength, and Reckon also invests heavily in payroll. Review each platform's approach to see which aligns with your team's workflow.

Tax reporting and BAS

MYOB

Strong multi-entity and consolidated reporting capabilities suit businesses with multiple trading entities or franchise operations

Reckon

Reckon includes tax reporting and bas capabilities. Feature depth varies by plan tier

MYOB highlights tax reporting and bas as a core strength. Reckon offers the capability but does not position it as a primary differentiator.

Multi-currency support

MYOB

MYOB offers multi-currency support capabilities. Support depth and SLA commitments vary by plan

Reckon

Reckon offers multi-currency support capabilities. Support depth and SLA commitments vary by plan

Both platforms cover the multi-currency support basics. The edges - automations, reporting depth, mobile parity - are where their opinions show.

Inventory management

MYOB

MYOB Business offers inventory, invoicing, payroll, and job tracking in a single plan, reducing the need for add-on costs

Reckon

Payroll module includes award interpretation and superannuation management at a lower price point than standalone payroll platforms

Both platforms are strong here. MYOB emphasises this as a core strength, and Reckon also invests heavily in inventory management. Review each platform's approach to see which aligns with your team's workflow.

Project accounting

MYOB

Best for established Australian businesses, particularly in trades and construction, that need payroll, inventory, and accounting in one platform and value compatibility with traditional accounting practices.

Reckon

One of the most affordable Australian accounting platforms, with pricing significantly below Xero and MYOB for basic bookkeeping needs

Reckon highlights project accounting as a core strength. MYOB offers the capability but does not position it as a primary differentiator.

Budgeting and forecasting

MYOB

MYOB provides budgeting and forecasting functionality, popular with Trades & Construction businesses

Reckon

Reckon provides budgeting and forecasting functionality, popular with Trades & Construction businesses

If budgeting and forecasting is a daily-use area for your team, the onboarding curve and keyboard ergonomics matter more than feature counts - trial both with a real operator, not an evaluator.

API and integrations

MYOB

Limitation: Third-party app integrations are more limited than Xero, with fewer modern SaaS tools offering native MYOB connections

Reckon

Reckon supports 40+ native integrations, covering the most common tools in a mid-market tech stack

MYOB has a broader native ecosystem (63+ integrations) compared to Reckon (40+). Both connect via automation platforms like Zapier and Make.

Ease of setup

MYOB

MYOB provides onboarding resources. Setup complexity depends on your configuration requirements

Reckon

Reckon provides onboarding resources. Setup complexity depends on your configuration requirements

On paper ease of setup looks similar across MYOB and Reckon, but the admin experience, reporting, and permission model tend to be the real differentiators.

Value for money

MYOB

Best for established Australian businesses, particularly in trades and construction, that need payroll, inventory, and accounting in one platform and value compatibility with traditional accounting practices.

Reckon

Reckon One from approximately $12/month (book-keeping only). Invoicing add-on from approximately $5/month, Payroll from approximately $10/month, Projects from approximately $5/month (AUD). Reckon Accounts desktop pricing varies. Per-employee payroll fees apply.

Pricing models differ significantly. Compare the total cost of ownership including add-ons and per-user fees, not just the headline price.

Pricing Comparison

General pricing information for each platform.

MYOB

MYOB Business Lite from $25/month, MYOB Business Pro from $55/month, MYOB Business Growing from $65/month (AUD). AccountRight pricing varies. Payroll included in most plans. Employee numbers affect pricing.

Prices shown are approximate and may differ based on your plan, team size, and billing cycle. Verify directly with the vendor for current AUD rates.

Reckon

Reckon One from approximately $12/month (book-keeping only). Invoicing add-on from approximately $5/month, Payroll from approximately $10/month, Projects from approximately $5/month (AUD). Reckon Accounts desktop pricing varies. Per-employee payroll fees apply.

Pricing is indicative only and subject to change. We recommend contacting the vendor for a tailored quote based on your Australian business needs.

Pros & Cons

An honest look at the strengths and limitations of each platform.

MYOB

Pros

  • Deep roots in Australian business means accountants and bookkeepers are highly familiar with the platform, reducing training costs
  • Built-in payroll with award interpretation and STP compliance handles Australian payroll complexity well out of the box
  • MYOB Business offers inventory, invoicing, payroll, and job tracking in a single plan, reducing the need for add-on costs
  • AccountRight desktop and online versions cater to businesses that prefer on-premise software or are transitioning to cloud
  • Strong multi-entity and consolidated reporting capabilities suit businesses with multiple trading entities or franchise operations

Cons

  • The interface feels dated compared to Xero, particularly the AccountRight product, which affects staff adoption and productivity
  • Third-party app integrations are more limited than Xero, with fewer modern SaaS tools offering native MYOB connections
  • Mobile app functionality lags behind Xero and QuickBooks, making on-the-go invoicing and expense tracking less convenient
  • Migration to or from MYOB can be complex, especially from the desktop AccountRight version with years of historical data

Reckon

Pros

  • One of the most affordable Australian accounting platforms, with pricing significantly below Xero and MYOB for basic bookkeeping needs
  • Reckon One modular pricing lets businesses pay only for features they use - invoicing, payroll, and projects are separate add-ons
  • Desktop version (Reckon Accounts) suits businesses that prefer on-premise accounting with local data storage
  • BAS and STP compliance is built in for the Australian market, with ATO direct lodgement capability
  • Payroll module includes award interpretation and superannuation management at a lower price point than standalone payroll platforms

Cons

  • The cloud platform (Reckon One) has a smaller third-party integration ecosystem than Xero, limiting connectivity with modern SaaS tools
  • User interface feels dated compared to Xero and even MYOB, which can affect staff adoption and efficiency
  • Market share in Australia has declined, meaning fewer accountants and bookkeepers are familiar with the platform
  • Mobile app functionality is limited compared to competitors, making on-the-go invoicing and expense management less convenient

Best For

Which tool suits which use case.

Choose MYOB if you need

  • Trades & Construction businesses
  • Retail & E-commerce organisations
  • Teams needing extensive third-party integrations
  • Tax compliance
  • Financial reporting

Choose Reckon if you need

  • Tax compliance
  • Trades & Construction businesses
  • Complex data models (invoices, contacts, payments and more)
  • Retail & E-commerce organisations
  • Invoicing and payments

Expert Verdict

Our Harvard-educated consultants' take on this comparison.

Clever Ops Recommendation

Choose MYOB if established Australian businesses, particularly in trades and construction, that need payroll, inventory, and accounting in one platform and value compatibility with traditional accounting practices. Choose Reckon if cost-conscious Australian small businesses that need basic accounting with local compliance and payroll at a lower price point than Xero or MYOB. Avoid MYOB if businesses prioritising a modern cloud-first experience with extensive third-party integrations, or tech-savvy teams who find the interface hinders productivity. Avoid Reckon if businesses that need extensive third-party app integrations, a modern user interface, or teams whose accountants recommend Xero or MYOB for seamless collaboration. If you are still weighing the trade-offs, Clever Ops offers a free assessment where our Harvard-educated consultants map your requirements to the right platform.

Migration Notes

What to know about switching between MYOB and Reckon.

Migrating Between MYOB and Reckon

Since MYOB and Reckon are both accounting & finance tools, they share similar data structures - making migration more predictable. Clever Ops maps invoices, contacts, payments along with custom fields, automations, and workflows. We have completed similar accounting & finance migrations many times and typically finish within 4-8 weeks.

MYOB vs Reckon FAQ

For Trades & Construction, the answer depends on your operational model. MYOB is best for established Australian businesses, particularly in trades and construction, that need payroll, inventory, and accounting in one platform and value compatibility with traditional accounting practices. Reckon is best for cost-conscious Australian small businesses that need basic accounting with local compliance and payroll at a lower price point than Xero or MYOB. Clever Ops has helped businesses across Trades & Construction choose the right stack. Book a free assessment for advice specific to your situation.

For Trades & Construction businesses, prioritise: Invoicing, Expense tracking, Bank reconciliation, Payroll, Tax reporting and BAS. MYOB is strong on Deep roots in Australian business means accountants and bookkeepers are highly familiar with the platform, reducing training costs. Reckon excels at One of the most affordable Australian accounting platforms, with pricing significantly below Xero and MYOB for basic bookkeeping needs. Clever Ops can help you build a weighted requirements list and score each platform against it.

MYOB: MYOB Business Lite from $25/month, MYOB Business Pro from $55/month, MYOB Business Growing from $65/month (AUD). AccountRight pricing varies. Payroll included in most plans. Employee numbers affect pricing.. Reckon: Reckon One from approximately $12/month (book-keeping only). Invoicing add-on from approximately $5/month, Payroll from approximately $10/month, Projects from approximately $5/month (AUD). Reckon Accounts desktop pricing varies. Per-employee payroll fees apply.. When comparing costs, factor in per-user charges, add-on modules, and implementation costs, not just the headline price. Clever Ops can model the total cost of ownership for your team size during a free assessment.

MYOB uses a REST API (REST API with OAuth 2.0. Rate limited to approximately 10,000 requests per day. Supports pagination via $top and $skip OData parameters. Cloud and on-premise (AccountRight Live) endpoints differ. JSON responses.), while Reckon uses a REST API (REST API with OAuth 2.0. Rate limiting applies per application. Supports basic filtering and pagination. Documentation less extensive than Xero or QuickBooks APIs.). MYOB supports 9 core data objects; Reckon supports 8. With 12+ of integration experience, Clever Ops can tell you exactly how each API performs in production.

MYOB may hit limits when businesses prioritising a modern cloud-first experience with extensive third-party integrations, or tech-savvy teams who find the interface hinders productivity. Reckon may hit limits when businesses that need extensive third-party app integrations, a modern user interface, or teams whose accountants recommend Xero or MYOB for seamless collaboration. Both platforms are designed to grow with your business, but scaling experience varies. MYOB connects with 63+ tools, and Reckon with 40+, so integration flexibility at scale is comparable. Clever Ops helps mid-market Australian businesses plan their tech stack for growth, not just for today.

Yes. MYOB provides a REST API and Reckon provides a REST API, so automations can be built via Zapier, Make, or custom integrations. Common automated workflows include syncing invoices, contacts, payments between both platforms. Clever Ops builds these automations for mid-market Australian businesses, saving teams 8+ hours/week on average.

We audit your current workflows, team size, budget, and growth plans, then recommend the platform that fits. Our advice is vendor-neutral: we do not earn commissions from MYOB, Reckon, or any vendor. Our Harvard-educated consultants have helped 50+ businesses make informed technology decisions over 12+. Book a free assessment to get started.

Both MYOB and Reckon serve Retail & E-commerce businesses. MYOB is also popular with Trades & Construction organisations, while Reckon is widely used in Trades & Construction. Clever Ops can advise based on what we have seen work for businesses like yours.

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