MYOB wins on more features overall (9 vs 5, 5 tied). Below is the full feature-by-feature breakdown.
| Feature | MYOB | Square Invoices |
|---|---|---|
| Free plan |
✗ No
30-day trial only
|
✓ Yes
Free creation; 2.2% on payments
|
| Entry paid plan |
— Paid add-on
AU$29/mo Lite, AU$60/mo Pro
|
✓ Yes
Per-transaction fees only
|
| Download PDF without signup |
✗ No
|
✗ No
|
| Feature | MYOB | Square Invoices |
|---|---|---|
| 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 | Square Invoices |
|---|---|---|
| ATO-compliant GST invoices |
✓ Yes
|
— Limited
|
| ABN field built in |
✓ Yes
|
✗ No
|
| Australian-focused support |
✓ Yes
Australia-based phone support
|
— Limited
|
| Feature | MYOB | Square Invoices |
|---|---|---|
| Bank reconciliation |
✓ Yes
|
✗ No
|
| Expense tracking |
✓ Yes
|
— Limited
|
| Payroll |
✓ Yes
STP Phase 2 compliant
|
✗ No
|
| Inventory tracking |
✓ Yes
|
✗ No
|
| Feature | MYOB | Square Invoices |
|---|---|---|
| Stripe payments |
✓ Yes
|
✗ No
Square payments only
|
| Mobile app |
✓ Yes
|
— Limited
|
| Feature | MYOB | Square Invoices |
|---|---|---|
| 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$29/mo (Lite); Square Invoices starts at Free (2.2% per paid invoice). MYOB offers 30-day free trial. Square Invoices offers free to create — fees on card payments.
For ATO-compliant GST: MYOB = yes, Square Invoices = limited. For native ABN field: MYOB = yes, Square Invoices = no. 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.
Both MYOB and Square Invoices let you export client lists and invoice history (usually as CSV). Migration takes an afternoon for most small businesses. If you're considering switching anyway, it might be worth evaluating InvoiceSonic as a free alternative for invoicing while keeping your accountant's tool of choice for bookkeeping.
Both tools are accounting-first platforms; their invoicing modules are a subset of what they do. If invoicing is your only need, a free dedicated invoice generator like InvoiceSonic is usually faster, cheaper, and more focused — without paying for bookkeeping, payroll, or inventory features you won't use.
Yes — InvoiceSonic is free for unlimited Australian-compliant invoices with no signup required for PDF download. You can run it alongside or instead of paid accounting platforms.