MYOB is one of Australia's longest-running accounting platforms, with a Business product line (Lite, Pro, AccountRight) tailored to AU/NZ tax, payroll, and BAS workflows.
HelloBooks is an AI-native accounting platform with every feature on every plan, two-way QuickBooks Online sync, and pricing from $4.99/month — but its AU compliance scope is still being expanded.
For an Australian business that needs STP Phase 2 lodgment and BAS today, MYOB is the safer choice. For an AI-first SMB or accounting firm focused on automation and lower entry pricing, HelloBooks is worth piloting on the free plan.
Where a value is shown as “—”, the feature was not verified at review time. See MYOB's site for the latest specifics.
| Feature | HelloBooks | MYOB |
|---|---|---|
| Starting price | Free plan + paid from $4.99/mo (USD) | Paid only — Business Lite / Pro / AccountRight tiers (AUD; see myob.com) |
| Country support | US, UK, India primary; AU / NZ / SG / UAE in product roadmap | Australia and New Zealand focus |
| STP Phase 2 (AU) | Roadmap — verify current support with sales | Native STP Phase 2 reporting |
| BAS (AU) | BAS-friendly GST coding; lodgment workflow on roadmap | BAS preparation and lodgment built in |
| GST e-invoicing (India) | IRN + QR generation via Fynamics GSP integration | — (not an India product) |
| HMRC MTD (UK) | Regulatory alignment with HMRC MTD — verify scope with sales | — (not a UK product) |
| Bank feeds | 11,000+ US banks via Plaid; direct feeds elsewhere | AU/NZ bank feeds via direct connections |
| Payroll | Payroll module — country availability varies | Built-in AU/NZ payroll with award interpretation (higher tiers) |
| Time tracking | HelloTime add-on for time tracking and attendance | Timesheets within MYOB Business / AccountRight |
| Multi-currency | Included on all plans with auto FX gain/loss | AccountRight (top tier) — verify on current plan page |
| Integrations | Plaid, QuickBooks Online (two-way sync), Stripe, Shopify (in build) | MYOB app marketplace; ecosystem skewed AU/NZ |
| Reporting depth | AI dashboards, cash-flow forecasting, custom report builder | Established reporting suite for AU/NZ tax compliance |
| AI features | AI categorization, OCR, anomaly detection, conversational AI | Limited — primarily rule-based bank feed coding |
| Free plan | Yes — free forever, 500 AI credits/month | No — trial only |
Yes at the entry point. HelloBooks has a free plan and paid plans from $4.99/month USD with every feature included. MYOB Business plans are paid-only and priced in AUD by tier (Lite / Pro / AccountRight). See myob.com for current AUD pricing.
STP Phase 2 reporting is on the HelloBooks roadmap and is not yet a confirmed shipped feature on this site. MYOB has had native STP Phase 2 since the ATO mandate and is the safer choice if you must lodge in the next reporting period.
Yes, via CSV export. MYOB lets you export chart of accounts, customers, suppliers, items, and transactions, all of which HelloBooks can import. Plan a clean cutover at end of financial year for the simplest reconciliation.
MYOB has long-standing NZ payroll, GST, and IRD compliance built in and is widely supported by NZ accountants. HelloBooks is currently US/UK/India-led with NZ on roadmap. Choose MYOB if NZ compliance is core; pilot HelloBooks once NZ scope is confirmed.
Yes. HelloBooks ships AI auto-categorization, OCR-driven bill capture, anomaly detection, and a conversational AI for the books. MYOB's automation is mostly rule-based bank feed coding, with AI features still being rolled out incrementally.
HelloBooks has a partner program with a workflow designed for accounting and bookkeeping firms. The interface is conventional double-entry, so an MYOB-trained accountant will recognise the chart of accounts, journals, and reports — a short ramp-up rather than a re-train.
Yes — built-in two-way sync. MYOB does not have a two-way QBO sync; it sees QBO as a competitor.
Multi-entity reporting and consolidations are supported in HelloBooks for cross-company views. For an AU group that needs MYOB-specific consolidation features and AU tax-pack outputs, MYOB AccountRight is more battle-tested today.
HelloBooks supports CSV import for chart of accounts, customers, vendors, items, invoices, and bills. For QuickBooks Online, we offer a built-in two-way sync. For other platforms, our migration team can assist with a structured cutover.
HelloBooks pricing
Free plan + paid plans with every feature included on each tier.
AI categorization
How HelloBooks auto-categorizes transactions with confidence scoring.
Advanced reporting
AI dashboards, forecasting, and a custom report builder.
Partner program
For accounting and bookkeeping firms (BAS, CPA, tax agents).
Integrations
Plaid, QuickBooks Online two-way sync, Stripe, and more.
Contact sales
Verify AU compliance scope and migration before switching.