MYOB vs Square: Side-by-Side Feature & Pricing Comparison
Our Harvard-educated consultants have implemented both MYOB and Square for Australian businesses. Here is what 12+ of experience has taught us about choosing between them.
Feature Comparison
Side-by-side feature ratings for MYOB and Square.
| Feature | MYOB | Square | Notes |
|---|---|---|---|
| Invoicing | Square has a notable advantage in invoicing. | ||
| Expense tracking | When it comes to expense tracking, MYOB pulls clearly ahead of Square — a factor worth weighing if this capability is important to your team. | ||
| Bank reconciliation | For Trades & Construction that rely on strong bank reconciliation, Square is the more capable option in our assessment. | ||
| Payroll | When it comes to payroll, MYOB pulls clearly ahead of Square — a factor worth weighing if this capability is important to your team. | ||
| Tax reporting and BAS | MYOB significantly outperforms Square on tax reporting and bas, making it the stronger choice for businesses that prioritise this area. | ||
| Multi-currency support | MYOB significantly outperforms Square on multi-currency support, making it the stronger choice for businesses that prioritise this area. | ||
| Transaction fees | For Trades & Construction that rely on strong transaction fees, MYOB is the more capable option in our assessment. | ||
| Payment methods supported | Both MYOB and Square offer comparable payment methods supported capabilities. | ||
| Recurring billing | MYOB significantly outperforms Square on recurring billing, making it the stronger choice for businesses that prioritise this area. | ||
| International payments | For Trades & Construction that rely on strong international payments, MYOB is the more capable option in our assessment. | ||
| Fraud protection | For Trades & Construction that rely on strong fraud protection, Square is the more capable option in our assessment. | ||
| Developer tools and API | Both MYOB and Square offer comparable developer tools and api capabilities. |
Invoicing
MYOB
Square
Square has a notable advantage in invoicing.
Expense tracking
MYOB
Square
When it comes to expense tracking, MYOB pulls clearly ahead of Square — a factor worth weighing if this capability is important to your team.
Bank reconciliation
MYOB
Square
For Trades & Construction that rely on strong bank reconciliation, Square is the more capable option in our assessment.
Payroll
MYOB
Square
When it comes to payroll, MYOB pulls clearly ahead of Square — a factor worth weighing if this capability is important to your team.
Tax reporting and BAS
MYOB
Square
MYOB significantly outperforms Square on tax reporting and bas, making it the stronger choice for businesses that prioritise this area.
Multi-currency support
MYOB
Square
MYOB significantly outperforms Square on multi-currency support, making it the stronger choice for businesses that prioritise this area.
Transaction fees
MYOB
Square
For Trades & Construction that rely on strong transaction fees, MYOB is the more capable option in our assessment.
Payment methods supported
MYOB
Square
Both MYOB and Square offer comparable payment methods supported capabilities.
Recurring billing
MYOB
Square
MYOB significantly outperforms Square on recurring billing, making it the stronger choice for businesses that prioritise this area.
International payments
MYOB
Square
For Trades & Construction that rely on strong international payments, MYOB is the more capable option in our assessment.
Fraud protection
MYOB
Square
For Trades & Construction that rely on strong fraud protection, Square is the more capable option in our assessment.
Developer tools and API
MYOB
Square
Both MYOB and Square offer comparable developer tools and api capabilities.
Pricing Comparison
General pricing information for each platform.
MYOB
From ~$25/month (AU pricing)
Pricing is indicative only and subject to change. We recommend contacting the vendor for a tailored quote based on your Australian business needs.
Square
Transaction-based; ~2.6% + 10c per transaction
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.
Pros & Cons
An honest look at the strengths and limitations of each platform.
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
Square
Pros
- Regular platform updates and improvements
- Extensive integration ecosystem with 30+ connectors
- Popular across Retail & E-commerce, Hospitality & Tourism, Healthcare & Allied Health
- Cloud-based with reliable uptime
- Rich data model covering payments, orders, customers and more
Cons
- Transaction fees vary by volume
- Onboarding documentation could be more comprehensive
- Support response times vary by plan tier
- Complex data model may require expert configuration
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 Square if you need
- ✓ Recurring billing
- ✓ Teams needing extensive third-party integrations
- ✓ Transaction management
- ✓ Complex data models (payments, orders, customers and more)
- ✓ Real-time data sync across platforms
Expert Verdict
Our Harvard-educated consultants' take on this comparison.
Clever Ops Recommendation
Comparing MYOB and Square is a bit like comparing apples and oranges — they solve different problems. MYOB handles your accounting & finance needs, while Square covers payments. The value of this comparison lies in understanding how they work together. Clever Ops specialises in connecting these kinds of complementary tools for mid-market Australian businesses.
Migration Notes
What to know about switching between MYOB and Square.
Migrating Between MYOB and Square
Clever Ops takes a low-risk approach to migrating between MYOB and Square. We run both systems in parallel during the transition, transferring payments, inventory 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.
MYOB vs Square FAQ
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