MYOB vs Wave
No clear leader: MYOB (59.6) and Wave (57.4) are within the 5-point margin; treat as a tie. The attribute-by-attribute breakdown below, with a source and date on every value, is the honest way to compare them.
Capabilities
Feature-by-feature on the axes that matter for accounting software. “-” means undocumented, not absent.
What each one is
The product in its own terms, so the numbers below have context.
MYOB
Software that provides tools for businesses to maintain compliance with industry regulations, including audit support, data security measures, and comprehensive reporting capabilities.
Wave
Wave enables small business owners to manage their financial operations in one place, including expense and revenue tracking, customer billing, digital payments, and reporting to support financial decision-making.
Pricing
List pricing as published by each vendor, with the date we read it. Always verify at the source before you buy.
MYOB
Solo: $12/year first 12 months, then $99/year. Other plans pricing not specified.
- Solo by MYOB$12/year (first 12 months), then $99/year
- Banking
- Invoicing
- Expense tracking
- GST tracking
- Quotes
- MYOB Business Lite-
- MYOB Business Pro-
- MYOB Business Payroll Only-
- MYOB Business AccountRight Plus-
- MYOB Business AccountRight Premier-
Wave
Free Starter plan with unlimited invoicing and bookkeeping. Pro from $16/month includes bank automation. Wave Advisors from $149/month for managed bookkeeping. Payment processing fees: 2.9% + $0.60 per Visa/Mastercard transaction.
- StarterFree
- Unlimited invoices, estimates, bills
- Unlimited bookkeeping records
- Mobile app access
- Dashboard and reports
- Payment processing available
- Pro$16/month billed monthly, or $190/year billed annually
- Everything in Starter
- Auto-import bank transactions via Plaid
- Auto-merge and auto-categorize transactions
- Unlimited receipt capture and tracking
- Add multiple users/collaborators
- +1 more
- Wave Advisors$149/month or $199/month depending on tier
- Everything in Pro
- Dedicated bookkeeper management
- Monthly financial statements
- Expert bookkeeping support
- Transition assistance from other software
- +1 more
Platform & deployment
Where each product runs and how it can be hosted. A dash means undocumented, not unsupported.
Integrations
What each product connects to. Counts come from the vendor's own integration directory where one exists.
- Square
- Shopify
MYOB
- Squarespace
- Amaka
Wave
- Plaid
- Zapier
- ADP
- RBC
- Block Advisors
- Apple Pay
MYOB or Wave: which one depends on you
A composite score cannot know your constraints. Describe them and both get re-weighted against what you actually need, with the evidence behind every position.
Free to run, no account needed to start. How the evaluation works
Comparison generated from independently-sourced facts. Every value links to its source and retrieval date. See the method.