ScaleFactor vs MYOB Comparison

ScaleFactor

Accounting Software

4.1 43 user ratings

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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

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Overview

Description	ScaleFactor analyzes your business finances in real time, alerting you to important insights as soon as they surface. A custom dashboard allows you to track the metrics that matter most to your business—24 hours a day, anywhere in the world. And your traditional financial reports are available on demand, delivered within days of the month’s close. ScaleFactor is a smart finance and accounting platform that enables businesses to operate in real-time with automated bookkeeping, proactive alerts, at-a-glance performance metrics and more. 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 Starts at $399.00.	Free Trial Not Available Starts at $5.00.
SW Score & Breakdown		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%
SaaSworthy Awards	# 13 Most Popular	Not Available

Features

Total Features	13 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 + 10 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	Available	Available

Reviews & Ratings

User Rating	4.1/5 43 user ratings	3.8/5 240 user ratings
Rating Distribution	Excellent 46.5% Very Good 25.6% Average 25.6% Poor 0% Terrible 2.3%	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.
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Pricing

Pricing Options	Free Trial Not Available Starts at $399.00.	Free Trial Not Available Starts at $5.00.
Pricing Plans Monthly Plans Annual Plans	Principal $399.00 $399.00 per month Principal Plus $549.00 $549.00 per month	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
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Alternatives

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