MYOB vs TallyPrime Comparison
Compare MYOB vs TallyPrime features, pricing, and more.
Last updated: November 2026
MYOB
6/10
MYOB offers accounting, payroll, and tax compliance software for small and medium businesses in Australia and New Zealand, from sole traders to multi-entity firms.
TallyPrime
6.4/10
TallyPrime is Windows-based accounting, inventory, GST compliance and payroll software from Tally Solutions, built mainly for small and mid-sized businesses in India.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6/10 | 6.4/10 |
| Scalability | 6/10 | 5/10 |
| Analytics | 5/10 | 6/10 |
| Compliance | 8/10 | 8/10 |
| Integration | 5/10 | 4/10 |
| Security | 7/10 | 6/10 |
| Support | 4/10 | 6/10 |
| Cost | 6/10 | 9/10 |
| Customization | 5/10 | 5/10 |
| Ease of Use | 6/10 | 7/10 |
| Pricing | ||
| Free plan | No | No |
| Cheapest paid plan | A$8/mo Solo by MYOB | ₹750/mo Silver (rental) |
| Estimated cost for 10 users | A$26/mo Lite | ₹2,250/mo Gold (rental) |
| Features | ||
| Bank Reconciliation | ||
| Financial Reporting | ||
| General Ledger | ||
| Inventory Accounting | ||
| Invoicing | ||
| Multi-currency | ||
| Multi-entity Consolidation | ||
| Payroll | ||
| Tax Compliance | ||
| Accountant Access | Not listed | |
| Audit Trail | Not listed | |
| Budgeting and Forecasting | Not listed | |
MYOB vs TallyPrime cost by team size
| Team size | MYOB | TallyPrime |
|---|---|---|
| 1 user | A$8/moSolo by MYOB | ₹750/moSilver (rental) |
| 5 users | A$26/moLite | ₹2,250/moGold (rental) |
| 10 users | A$26/moLite | ₹2,250/moGold (rental) |
| 25 users | A$26/moLite | ₹2,250/moGold (rental) |
| 50 users | A$26/moLite | ₹2,250/moGold (rental) |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose MYOB
- Higher Scalability score (6/10 vs 5/10)
- Higher Integration score (5/10 vs 4/10)
Why choose TallyPrime
- Higher Cost score (9/10 vs 6/10)
- Higher Support score (6/10 vs 4/10)
- Better fit for accountants and bookkeepers (9/10 vs 6/10)
Pros & Cons
MYOB
Pros
- BAS lodgement and GST tracking are built for Australian Taxation Office rules, so local businesses need no extra compliance tool.
- Payroll and inventory are native features at lower price points than many rivals that rely on add-on apps.
- There is no lock-in contract, and new customers get large introductory discounts.
- The security page lists ISO 27001 and PCI DSS, and logins support passkeys and two-factor authentication.
- The plans scale from a mobile-only sole trader app up to multi-currency, multi-business desktop and cloud editions.
Cons
- Users on Trustpilot and Capterra report bugs, dropouts and problems after updates or forced migrations.
- Support gets mixed reviews, with complaints about long waits and unresolved issues, and one comparison says there is no phone support.
- Its third-party integration ecosystem is smaller than Xero's, and developers have complained about the cost of API access.
- Multiple currencies and multiple businesses require the top Premier plan, whose price isn't published.
- Its ratings on comparison sites trail Xero's, for example 3.6 versus 4.4 on G2 as cited by Envoice.
TallyPrime
Pros
- The GST tooling is deep: e-invoices, e-way bills, GSTR-1 and GSTR-3B filing, and GSTR-2B reconciliation are built in.
- Every plan includes the full feature set, so a single-user Silver license costs only 750 INR a month or 22,500 INR for a lifetime license.
- The Edit Log release keeps a fixed audit trail that meets the MCA audit trail rule.
- More than 400 built-in reports can be traced back to the underlying vouchers.
- Connected banking with major Indian banks covers payments and statement reconciliation.
Cons
- It is desktop-first, and remote access needs the paid Cloud Access add-on.
- Reviewers repeatedly cite few third-party integrations.
- Customization usually requires a certified Tally partner.
- Some users report slow performance, data corruption and license activation problems.
- Reviewers describe the interface as dated and the advanced modules as slow to learn.
Not sold on either?
Frequently Asked Questions
TallyPrime scores higher on our Finance Software criteria: 6.4/10 against 6/10 for MYOB. The largest gap is in Cost: 6/10 for MYOB and 9/10 for TallyPrime.
No, neither MYOB nor TallyPrime lists a free plan.
TallyPrime is the better fit for accountants and bookkeepers: we rate it 9/10 for them, against 6/10 for MYOB.
