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At a Glance
Market Segments
Small-Business (77.1% of reviews)
Small-Business (95.3% of reviews)
Entry-Level Pricing
Starting at $12.00 Per Month
$20-$35 per month
MYOB
Star Rating
(36)3.6 out of 5
Market Segments
Small-Business (77.1% of reviews)
Pros & Cons
Entry-Level Pricing
Starting at $12.00 Per Month
Browse all 4 pricing plansWave
Star Rating
(307)4.3 out of 5
Market Segments
Small-Business (95.3% of reviews)
Pros & Cons
Entry-Level Pricing
$20-$35 per month
Browse all 3 pricing plansMYOB vs Wave
When assessing the two solutions, reviewers found Wave easier to use, set up, and administer. Reviewers also preferred doing business with Wave overall.
- Reviewers felt that Wave meets the needs of their business better than MYOB.
- When comparing quality of ongoing product support, reviewers felt that Wave is the preferred option.
- For feature updates and roadmaps, our reviewers preferred the direction of Wave over MYOB.
Pricing
Entry-Level Pricing
MYOB
MYOB Business Lite
Starting at $12.00
Per Month
For sole traders and businesses just getting started with accounting software
- Track income and expenses
- Create and send unlimited professional invoices and quotes
- Accept payments
Wave
Pay your staff
$20-$35
per month
$20/month base fee in Canada + 44 states
$35/month base fee in California, Florida, New York, Texas, Illinois & Washington
$4 additional per employee added
- Includes direct deposit.
- Employee portal to check pay stubs and history.
- Perfect for salaried and hourly workers, full-time or part-time.
Free Trial
MYOB
Free Trial is available
Wave
Free Trial is available
Ratings
Meets Requirements
7.3
22
8.6
249
Ease of Use
7.6
22
8.9
251
Ease of Setup
7.6
11
8.8
121
Ease of Admin
8.0
5
8.7
112
Quality of Support
6.6
19
7.6
165
Has the product been a good partner in doing business?
8.3
5
8.5
104
Product Direction (% positive)
4.2
22
8.0
240
Features by Category
General Ledger
8.3
11
7.9
54
|
Verified
7.1
8
7.8
45
|
Verified
7.9
11
7.5
44
|
Verified
Accounts Receivable
8.0
9
8.5
72
8.3
7
8.1
53
|
Verified
8.1
7
8.0
47
|
Verified
Accounts Payable
8.6
7
7.8
36
8.3
10
8.1
51
|
Verified
8.1
8
7.2
32
|
Verified
Other Functionality
7.4
9
6.8
27
|
Verified
6.7
8
7.0
29
|
Verified
6.7
8
6.8
28
7.4
7
6.9
31
|
Verified
7.7
8
7.1
32
|
Verified
8.2
11
7.6
44
|
Verified
8.2
11
6.7
27
|
Verified
7.5
6
6.7
26
|
Verified
Reporting & Analytics
7.9
11
8.3
72
|
Verified
7.5
10
7.9
59
|
Verified
7.3
8
7.5
40
|
Verified
6.9
8
8.5
70
|
Verified
Platform
7.5
8
7.3
58
|
Verified
7.1
8
7.3
40
|
Verified
7.5
8
7.8
54
|
Verified
6.3
8
7.3
28
|
Verified
7.3
10
8.2
64
|
Verified
7.0
9
7.9
53
|
Verified
Integration
7.3
8
7.8
49
|
Verified
7.9
7
7.2
31
7.6
7
6.6
31
|
Verified
Cash Flow
7.6
7
7.9
32
|
Verified
7.9
8
8.3
35
|
Verified
8.1
8
7.6
28
|
Verified
Budgeting & Forecasting
7.3
8
7.5
40
|
Verified
7.1
7
7.0
23
|
Verified
6.7
6
6.6
17
|
Verified
7.8
9
7.2
27
|
Verified
Revenue
7.3
8
7.9
28
|
Verified
7.6
9
7.5
23
|
Verified
7.2
6
7.2
21
Payroll
8.1
8
6.7
20
|
Verified
7.1
7
6.8
17
8.0
9
6.6
20
|
Verified
7.9
7
7.7
25
|
Verified
AI
Not enough data
5.5
7
Not enough data
6.5
8
Not enough data
6.7
9
Not enough data
4.5
7
Not enough data
6.7
8
Not enough data
5.6
8
Not enough data
7.6
9
Not enough data
6.7
8
Not enough data
6.0
7
Not enough data
5.7
7
Mobile Applications - Accounting
Not enough data
6.5
8
Not enough data
7.5
8
Not enough data
6.7
7
Not enough data
3.0
5
Not enough data
6.2
7
Not enough data
7.7
8
Agentic AI - Accounting
Not enough data
Not enough data
Accounting
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Back Office
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Front Office
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Integration
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Logistics
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Platform
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Production
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Reporting & Analytics
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Generative AI
Not enough data
Not enough data
Not enough data
Not enough data
Agentic AI - ERP Systems
Not enough data
Not enough data
Bill Generation
Not enough data
7.9
36
Not enough data
8.3
40
Not enough data
8.0
35
Bill Processing
Not enough data
7.6
28
Not enough data
7.6
26
Not enough data
8.2
38
Integration
Not enough data
7.9
37
Not enough data
8.0
33
Not enough data
6.8
19
Agentic AI - Billing
Not enough data
Not enough data
Communication
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Collaboration
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Billing
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Onboarding
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Visibility
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Agentic AI - Accounting Practice Management
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Agentic AI - Accounting & Finance
Not enough data
Not enough data
Categories
Categories
Shared Categories
MYOB and Wave are categorized as Accounting
Unique Categories
MYOB is categorized as Accounting Practice Management and ERP Systems
Wave is categorized as Billing
Reviews
Reviewers' Company Size
MYOB
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Wave
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Small-Business
(50 or fewer emp.)
Mid-Market
(51-1000 emp.)
Enterprise
(> 1000 emp.)
Reviewers' Industry
Accounting
34.3%
Printing
5.7%
Financial Services
5.7%
Construction
5.7%
Computer Software
5.7%
Other
42.9%
Marketing and Advertising
16.1%
Information Technology and Services
6.0%
Accounting
5.4%
Design
4.7%
Computer Software
3.4%
Other
64.4%
Discussions
What does MYOB software do?
1 Comment
DD
MYOB does the accounting process of recording, storing and categorising transaction data into an organised and concise financial information that can be...Read more
MYOB has no more discussions with answers
Is wave a good accounting software?
2 Comments
MM
Yeah. It has most of the features required by a small business. You can request the team if you need anything in particular Read more
What is Wave Software?
2 Comments
MM
Wave software is an easy to use Payroll and Accounting software. You can create invoices, send billings, track expenses, and all normal transactions...Read more
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