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.
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.