MYOB Software Packages

MYOB Payroll

If you want to know more about the different software packages available from MYOB check out the details below where we detail what types of organisations each suits plus the pros and cons of each.

MYOB Business Payroll

Business Payroll (previously called Essentials Payroll) is designed for small organisations with simple payroll needs. It does a nice job of paying people with a simple 3 step process.

Pros:

  • Works well for casual employees, those working flexible hrs & for set hours
  • Employees can enter their times using a phone App. This imports to payroll
  • Essentials has a simple one-step process to transfer payday files to the IRD
  • Browser access so use from either your Mac, PC or tablet
  • No software needs to be installed & updates are automatic
  • Pays can be deleted and re-entered (this is both a pro and a con!)
  • Quick to setup & minimal training required
  • You can upgrade & integrate to Essentials Accounting with general ledger, debtors & creditors

Cons:

  • No costing or department tracking available (yet)
  • Leave taken needs to be entered manually in the pay
  • No advanced payroll features such as parental leave
  • Doesn’t integrate to other accounting packages beyond MYOB Business Accounting
  • Limited reports

Conclusion:

Business Payroll is recommended for employers with less than 20 employees. It suits those with simple payroll requirements. It’s not suited for those needing department or cost centre reporting or have more complex requirements.

MYOB (NZ) Payroll

MYOB Payroll has been used successfully by thousands of small and medium NZ businesses for 20+ years. It is recommended for employers with less than 40 employees.

Pros:

  • Easy to use but initial setup and training is recommended for new users
  • Integrates nicely to MYOB AccountRight providing useful journals
  • Good set of reports & filtering to find information

Cons:

  • Only manages leave for casuals & fixed hour employees. Can’t accrue hours for variable employees
  • Desktop based software (runs on Windows). Updates must be installed
  • Written in FoxPro. This database is no longer supported by Microsoft
  • Payrolls can become corrupted. Restoring from backup may be necessary
  • Reports not available in Excel format
  • PayDay filing is done via file transfer (not via Gateway as does Essentials Payroll)

Conclusion:

MYOB Payroll has worked reliably for many businesses for 20+ years. It has most features and reports an organisation would need. It's suited for those needing department or cost centre reporting. It is no longer available for sale. We recommend MYOB Business Payroll.

MYOB IMS Payroll

IMS Payroll has been used successfully by thousands of small and medium NZ businesses for many years. It is recommended for both large and small employers. It is 100% owned by MYOB and dedicated support comes from a NZ based support centre. IMS Payroll can be purchased with useful add-ons; IMS Express (leave portal) and IMS Max (leave and time-sheet portal). IMS can be hosted in the cloud or on the Desktop.

Pros:

  • Easy to use but initial setup and training is a must for new users
  • Well designed with a series of 9 ticks so you know exactly where you’re up to
  • Integrates to most accounting software including MYOB
  • Very comprehensive set of reports most of which can be saved in Excel
  • Very good lookup for employee data & timesheets
  • Checks & balances as you process pays
  • Good exception reporting
  • Transfer of 52 weeks leave earnings history from other payrolls available
  • Multi-user access with different access levels for different users
  • Deals with many advanced features not available in other payrolls
  • Very well supported from the Hastings contact centre

Cons:

  • IMS Payroll screens are bit antiquated & need a facelift
  • Steeper learning curve
  • PayDay filing requires manual file uploading, unlike Business Payroll which does this automatically

Conclusion:

IMS Payroll is recommended for medium and large business. It’s bullet proof software & once users are familiar, they like it. It’s feature rich and very well supported.

MYOB EXO Payroll

EXO Payroll has been used successfully by thousands of NZ businesses for many years. It is recommended for both large and medium employers. Support comes from the MYOB directly or from an Enterprise partner. EXO Payroll can be purchased with a multitude of add-ons; MyStaff Info, Time & Attendance (to poll time clocks), Health & Safety to name a few.

Pros:

  • Easy to use but initial setup and training is a must for new users
  • Well designed with an easy setup and processing flow chart to follow
  • Integrates to most accounting software with a pay journal
  • Very comprehensive set of reports - many can be saved in Excel or as a PDF
  • Very good lookup for employees and timesheet history
  • Transfer of 52 weeks leave earnings history from other payrolls available
  • Multi-user access with different access levels for different users
  • Deals with many advanced features not available in other payrolls
  • Department & Cost Centre reporting
  • PayDay filing is via file transfer, but good reports are supplied to match to IRD
  • Software & support covers many payrolls (the license is by number of employees)

Cons:

  • Desktop or server based (not available via a web browser)

Conclusion:

EXO Payroll we recommended for any medium business. It’s bullet proof software & once users are familiar, they like it. It’s feature rich and comes with a good suite of reports.

MYOB ACE Payroll

ACE Payroll has been used successfully by thousands of small NZ businesses for many years. It’s recommended for small employers. ACE Payroll is 100% owned by MYOB. You pay an initial software fee and then an optional annual subscription.

Pros:

  • Easy to use but initial setup and training is recommended for new users
  • Ace Payroll is self-explanatory with descriptive text on most screens
  • Integrates automatically to MYOB AccountRight & Essentials
  • Comprehensive set of reports
  • Records actual dates employees have off via a calendar
  • Drill down reporting right to the employee’s payslip
  • No limits on how many staff you can pay (no per employee charge)
  • 6 months free introductory support (email/phone)

Cons:

  • PayDay filing requires manual file uploading, unlike Business Payroll which does this automatically
  • Not cloud based (runs on your desktop)
  • Single -user access

Conclusion:

ACE Payroll is recommended for any small business. It’s bullet proof software & once users are familiar, they love it. It’s well supported.

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