M3 vs MYOB Comparison | SaaSworthy.com

85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

M3

Accounting Software

4.8 8 user ratings

Get Free Advice

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

MYOB

Accounting Software

3.8 240 user ratings

Get Free Advice

Overview

Description

M3 is an accounting and analytics platform specifically built for the hospitality industry. The solution provides powerful accounting and financial analysis with basic accounting modules, customizable dashboards, centralized data with information modules, and time tracking with modules. Time management. M3 works with systems and tool providers for talent, payroll and wealth management for end-to-end hotel management.The M3's Core Accounting Module allows users to streamline accounting capabilities and improve the financial performance of the company's entire portfolio with over 16 easy-to-use components. Accounting functions include accounts receivable and payments, centralized financial data for all financial transactions, bank reconciliation, and cash management. For financial analysis and management, Accounting Core provides daily reports with PMS charts, budgets and financial forecasts, and the ability to import and export financial data.The M3 Insight Module allows users to visualize and leverage financial and customer data with customizable dashboards and reports from a variety of systems. Insight allows users to uncover key data points and key trends, thereby optimizing business intelligence. Insight provides a seamless self-service experience for managing and reporting financial and customer data through automated collection, normalization, and reporting.M3 provides additional resources for training and implementation support, as well as customer support through the online help desk. Read more

MYOB is designed locally, for local businesses, working with the ATO so you’re always up-to-date. The software tracks when clients receive and open your invoices. Manage bills and expenses, then pay staff in just a few clicks. Stay up-to-date with tax as you go: no more scrambling. You can work with your accountant or bookkeeper in the software, wherever you are. Automatically update your tax tables, calculate your GST, PAYG and run reports for your BAS. Clients can use a credit card to pay directly from your invoices no fuss. Even managing customers and suppliers is a piece of cake. Read more

Pricing Options

Free Trial Not Available
Offers Custom plan.

Free Trial Not Available
Starts at $5.00.

SW Score & Breakdown

85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

90%
Reviews

73%
Momentum

63%
Popularity

78%

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

82%
Momentum

69%
Popularity

92%

Features

Total Features	11 Features	17 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 8 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 14 More - Show Less

Technical Details

Organization Types Supported	Individuals Large Enterprises Medium Business Small Business	Individuals Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	NA	Available

Reviews & Ratings

User Rating	4.8/5 8 user ratings	3.8/5 240 user ratings
Rating Distribution	Excellent 75% Very Good 25% Average 0% Poor 0% Terrible 0%	Excellent 50% Very Good 18.8% Average 8.8% Poor 3.3% Terrible 19.2%
User Sentiments	Not Available	Live Chat Support, Helpful Customer Service, Easy to Use, Comprehensive Reporting Software Bugs, Poor Bank Feed Integration, Inadequate Mobile App, Outdated User Interface
Review Summary	Not Available	Users appreciate the user-friendly interface, extensive features, and ease of use for various business functions, including accounting, invoicing, inventory management, and payroll. MYOB's customer support is praised for its responsiveness and helpfulness. Some users have reported occasional glitches and technical issues, as well as concerns about pricing transparency and the need for additional training resources. Overall, MYOB is considered a reliable and comprehensive solution for small business management, offering a wide range of features and generally positive user experiences.
	Read All User Reviews	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Not Available Starts at $5.00.
Pricing Plans Monthly Plans Annual Plans	M3 Custom	MYOB Business Lite $5.00 $5.00 per month MYOB Business Pro $8.00 $8.00 per month MYOB Business AccountRight Plus $70.50 $70.50 per month MYOB Business AccountRight Premier $88.50 $88.50 per month MYOB Business Payroll Only $9.00 $9.00 per month
	View Detailed Pricing	View Detailed Pricing

Alternatives

	Hotelier Books M3 Vs Hotelier Books AccountingSuite 4.4 98 ratings M3 Vs AccountingSuite ActivityHD M3 Vs ActivityHD Sage Intacct 4.3 4,517 ratings AccountsIQ 4.6 60 ratings M3 Vs AccountsIQ	Xero 4.2 7,623 ratings MYOB Vs Xero Quickbooks 3.9 24 ratings MYOB Vs Quickbooks Reckon One 4.3 25 ratings MYOB Vs Reckon One Freshbooks 4.3 3,302 ratings MYOB Vs Freshbooks QuickFile 4.8 2,696 ratings MYOB Vs QuickFile
	View All M3 Alternatives	View All MYOB Alternatives