MYOB Business vs Wave
MYOB Business
myob.com
Wave
waveapps.comSide by side
| Figure | MYOB Business | Wave |
|---|---|---|
| Price from | A$15/mo | $6/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 8 | 10 |
| Spec score · Direct Deposit Payroll | 9.0 (#2) | 8.5 (#5) |
| Spec score · Bookkeeping Software | 9.2 (#8) | 9.3 (#4) |
| Spec score · Gym Accounting Software | 8.9 (#6) | 8.6 (#13) |
| Spec score · Bookkeeper Software | 8.9 (#5) | 8.6 (#12) |
| Spec score · Accounting & Finance Software | 8.9 (#6) | 8.6 (#10) |
| Spec score · Salon Accounting Software | 8.9 (#10) | 8.6 (#16) |
| Bank feeds | Bank feeds connect accounts or cards and automatically import transactions; MYOB says feeds cover more than 140 Australian financial institutions. | Pro supports read-only bank and credit-card connections with automatic transaction import, merging and categorization. |
| Company size | LinkedIn lists MYOB in the 1,001–5,000 employee company-size range. | LinkedIn lists Wave HQ as a privately held software company with 201–500 employees in Toronto. |
| Documentation and support | MYOB provides a searchable support centre, knowledge articles, community forum, phone or chat support and free self-paced training. | Wave offers a developer portal, help center, email support and live-person chat for Pro or qualifying paid features. |
| Free plan | No | Yes |
| Integrations | Independent software directories list integrations including Shopify, WooCommerce, Salesforce, Mailchimp, Dext, ServiceM8, Tradify and Fathom. | Wave Pro lists integrations including Etsy, Driversnote, GoHighLevel, Google Sheets and Make.com. |
| Invoicing | Users can create and send unlimited professional invoices and quotes with templates and saved costs. | Users can create unlimited professional invoices and estimates, send them online, track status and accept card or bank payments. |
| Praise: ease of use | G2 reviewers commonly praise the familiar interface, straightforward setup and centralized financial information. | G2 reviewers repeatedly praise Wave as user-friendly, especially for non-accountants. |
| Rating on Apple App Store | MYOB Assist rated 3.4 out of 5 from 82 ratings | 4.4 out of 5 from 6.7K ratings |
| Rating on G2 | 3.7 out of 5 from 48 reviews | 4.3 out of 5 from 358 reviews |
| Rating on GetApp | 3.9 out of 5 from 150 reviews | 4.4 out of 5 from 1,731 reviews |
| Rating on Trustpilot | 1.3 out of 5 from 555 reviews | 3.2 out of 5 from 555 reviews |
| Self-hosting | Lite and Pro are browser services with no self-hosting option described; AccountRight includes downloadable Windows software. | Wave describes its software as web-based and provides hosted mobile apps; no self-hosted deployment is documented. |
| What it does | MYOB Business provides cloud accounting and payroll for Australian and New Zealand small businesses, covering invoicing, expenses, cash flow, GST and compliance. | Wave provides cloud accounting, invoicing, payments, payroll and bookkeeping tools for small businesses, freelancers and contractors. |
Plans
MYOB Business
- LiteA$315 a year
- ProA$70 a month
- AccountRight PlusA$165 a month
- AccountRight PremierPrice not published
- Payroll OnlyA$15 a month
- Business ProA$70 a month
- AccountRight PremierA$210 a month
- Business LiteA$315 a year
Wave
- StarterFree
- Pro$19 a month
- StarterFree
- Receipts$8 a month
- Pro$19 a month
- Pro Plan$19 a month
- Receipts$72 a year
- Wave Advisors$149 a month
- Pro$190 a year
- Pro Plan$190 a year
In their own words
MYOB Business
MYOB Business has no write-up on Specifiction yet; its figures are above.
Wave
Wave's invoicing software helps businesses create and send invoices, receive payments, and manage customer information. Invoice templates can be customized with a logo and brand colors using drag-and-drop editing. It supports recurring invoices and automatic credit card payments for repeat customers. Customers can pay by credit card, bank payment (ACH/EFT), or Apple Pay, and invoice and payment information connects to Wave's accounting feature. The free Starter plan costs nothing and includes unlimited estimates, invoices, bills, and bookkeeping records; online payments have transaction fees. Pro costs $19 a month and adds automatic bank transaction import, transaction merging and categorization, receipt capture, expense tracking, and late-payment reminders. Wave lists integrations including Amazon, eBay, Capsule, and Etsy, with workflows through Make. Connecting or maintaining Partner integrations and Make requires Pro or a Wave Advisors bookkeeping subscription; third-party API connections also require an active Pro or Wave Advisors package. Wave says it is not HIPAA-compliant and does not support healthcare-related businesses.