MYOB V Quickbooks

For “off the shelf” products, both MYOB and Quickbooks are pretty impressive products. Sure, they have their limitations once your company requires more sofisticated accounting systems such as advanced inventory or multi-site consolidations, however we try to push the boundaries of either MYOB or Quickbooks before  stepping up to the next tier of software.

We are often asked which version of software is better between myob and quickbooks. It’s difficult to make a straight comparison using the spec sheet put out by either company so I thought I’d list a few of the main differences here. If you can think of any others, please feel free to post a comment:

• Apple Mac- Quickbooks does not have a version that is compatible with the Macintosh OS in Australia
• Inventory- MYOB Enterprise allows multi-location inventory. Quickbooks does not support multi-location inventory.
• Multiple Windows- Quickbooks allows you to have as many windows open as you require within the one data file wheras MYOB is restricted to nine.
• Multiple data files- Myob allows you to work with multiple entities at any one time.
• Year End Procedures- Quickbooks is much more seamless at year end, allowing you to continue working in the prior year after the financial year end.

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  Welcome to FINOS, the BooksonSite Business Blog. Here we provide bookkeeping advice for small business owners.

  Are you an SME with a turnover of between $500k-$15 million and are finding bookkeeping a bit too challenging?

  We provide onsite bookkeeping services in Sydney, Melbourne and Brisbane backed by MYOB Certified CPA support. Click below to learn more, or call us on 1300 226 657.