Reckon vs MYOB comes down to three things: what you pay each month, whether you run payroll, and how much accounting software you actually need. This MYOB vs Reckon comparison uses both vendors' published plans (checked 10 September 2026) and a feature-by-feature table, so small businesses and sole traders can pick without a sales call.
MYOB wins on more features overall (4 vs 3, 12 tied).
| Question | MYOB | Reckon |
|---|---|---|
| Plan line-up | Solo (sole-trader mobile app), Lite, Pro and AccountRight Plus | Reckon One cloud plans built from modules, plus desktop/hosted Reckon Accounts |
| Entry pricing | Heavy introductory discounts (for example 70% off the first months on Solo, Lite and Pro), then standard pricing | Promotional "from $1/month for 6 months" offers; listed plans roughly $24–$37 a month plus optional modules |
| Payroll | Per-employee add-on on Lite and Pro; included in AccountRight Plus | Payroll is a separate Reckon One module |
| Inventory management | Included from Lite upwards (not in Solo) | Check the current module list before relying on it |
| Best known for | Breadth, accountant familiarity, desktop heritage | Low monthly cost and pay-for-what-you-use modules |
Sources: MYOB AU pricing · Reckon accounting software. Checked 10 Sep 2026; promotional prices end, so confirm the standard price before you commit.
Both vendors lead with discounts, so compare the price you will pay in month thirteen, not month one. Reckon is usually the cheaper accounting software on a like-for-like basis because you only add the modules you use. MYOB costs more at the top end but bundles payroll and inventory into its larger plans.
Add per-employee payroll charges, extra users and any bank-feed or add-on fees to the monthly figure before deciding.
Both products support Single Touch Payroll reporting to the ATO and automatic bank feeds, so reconciling your accounts takes minutes rather than hours. If you employ staff, price the payroll option first: it is the line item that most often changes which product is cheaper. If you have no employees, you may not need either payroll add-on at all.
MYOB Solo is built for sole traders, with banking included on your phone. Reckon One's modular plans suit small business owners who want the books without paying for payroll or inventory. For cash flow, both let customers pay online from the invoice through connected payment options. If you mainly need to send invoices and let your accountant handle the rest, a dedicated invoicing tool can be cheaper than either Reckon MYOB-style accounting software.
Cost matters most, you want to pay only for the modules you use, and your bookkeeper is comfortable with Reckon.
You need payroll and inventory in one plan, your accountant already works in MYOB, or you want the Solo app for sole-trader banking.
Export contacts, the chart of accounts, open invoices and bills, tax codes and your last reconciled bank balance. Run one BAS period in parallel before cancelling, and keep your old records for five years as the ATO requires.
Related: MYOB alternatives · Reckon alternatives · InvoiceSonic vs MYOB · InvoiceSonic vs Reckon · Xero alternatives
| Feature | MYOB | Reckon |
|---|---|---|
| Free plan |
✗ No
30-day trial only
|
✗ No
30-day trial
|
| Entry paid plan |
— Paid add-on
AU$29/mo Lite, AU$60/mo Pro
|
— Paid add-on
From AU$15/mo
|
| Download PDF without signup |
✗ No
|
✗ No
|
| Feature | MYOB | Reckon |
|---|---|---|
| Unlimited invoices |
— Limited
Lite plan caps at 20 invoices/quotes per month
|
— Limited
|
| Custom logo & branding |
✓ Yes
|
✓ Yes
|
| Recurring invoices |
— Paid add-on
Pro plan only
|
✓ Yes
|
| Email invoices to clients |
✓ Yes
|
✓ Yes
|
| Multi-currency |
— Paid add-on
AccountRight Premier only
|
✓ Yes
|
| Client management |
✓ Yes
|
✓ Yes
|
| Feature | MYOB | Reckon |
|---|---|---|
| Sales tax, GST and VAT fields |
✓ Yes
|
✓ Yes
|
| Country-ready business ID fields |
✓ Yes
|
✓ Yes
|
| Country-specific invoice setup |
✓ Yes
Australia-based phone support
|
✓ Yes
|
| Feature | MYOB | Reckon |
|---|---|---|
| Bank reconciliation |
✓ Yes
|
✓ Yes
|
| Expense tracking |
✓ Yes
|
— Limited
|
| Payroll |
✓ Yes
STP Phase 2 compliant
|
✗ No
|
| Inventory tracking |
✓ Yes
|
✗ No
|
| Feature | MYOB | Reckon |
|---|---|---|
| Choice of payment method |
✓ Yes
|
✓ Yes
|
| Mobile app |
✓ Yes
|
— Limited
|
| Feature | MYOB | Reckon |
|---|---|---|
| Setup time |
✗ No
Hours-to-days — guided setup wizard
|
— Limited
Account signup required
|
Neither tool fits your invoicing-only workflow? Try InvoiceSonic — free for unlimited ATO-compliant tax invoices, no signup required.
Create a free invoice now →MYOB starts at AU$11/mo (Solo) · AU$35/mo (Business Lite); Reckon starts at AU$24/mo (Reckon One Accounting Plus). MYOB offers 30-day free trial. Reckon offers 30-day trial.
For ATO-compliant GST: MYOB = yes, Reckon = yes. For native ABN field: MYOB = yes, Reckon = yes. If you operate in Australia and either tool falls short here, InvoiceSonic handles both natively — and it's free.
Most freelancers want fast invoicing without paying for full accounting. Between these two, MYOB wins more categories overall. But if you're a freelancer who just wants ATO-compliant tax invoices for free, InvoiceSonic is purpose-built for that workflow.
Do not assume a one-click migration. Confirm each product's current export and import formats, then test contacts, opening balances, unpaid invoices, tax codes, attachments and reconciliations before cancelling the old account. Keep statutory records outside both systems.
Both tools include more than invoicing. If invoicing is your only need, a dedicated generator can be faster and more focused than a full accounting subscription.
Yes — InvoiceSonic lets you create and download an invoice without signup. Its account plans have separate limits and pricing, so compare current official plans before deciding.