Is Bench or MYOB better?

Neither clearly leads. Bench starts at $299/month and MYOB at 12/year, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Bench or MYOB?

Bench starts at $299/month and MYOB at 12/year.

Does Bench or MYOB run on more platforms?

Bench runs on Web, Ios, Android. MYOB runs on Web.

What is Bench best used for?

Bench is most often used for bookkeeping outsourcing, tax preparation, financial reporting. Of those, bookkeeping outsourcing and tax preparation are not what MYOB is typically brought in for.

What can Bench do that MYOB cannot?

Bench covers Dedicated bookkeeper, Monthly financial statements, Bank reconciliation, Tax preparation.

Accounting · head to head

Bench vs MYOB

Bench

Accounting

America's largest bookkeeping service for small businesses

From: $299/month
Rated: -

Full review Website

MYOB

Accounting

Australian accounting and business management software for small and mid-sized businesses

From: 12/year
Rated: -

Full review Website

The short version

Each has a real cost: Bench recent bankruptcy and acquisition by Employer.com creates uncertainty about product roadmap and support continuity; MYOB every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Bench and MYOB actually diverge.

Attributes where Bench and MYOB differ
Attribute	Bench	MYOB
Starting price	$299/month	12/year
Pricing model	Unknown	subscription
Platforms	Web, Ios, Android	Web
Founded	2012	Unknown

Identical on both: free tier (No), user rating (Not yet rated), category (Accounting).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Bench

Dedicated bookkeeper
Monthly financial statements
Bank reconciliation
Tax preparation
Expense categorization
Stripe
PayPal
Square

Only in MYOB

Nothing recorded that Bench does not also cover.

What people use each for

The jobs each tool is most often brought in to do.

Bench

Bookkeeping outsourcingnot MYOB
Tax preparationnot MYOB
Financial reportingnot MYOB

MYOB

Tracking income and unlimited expenses for tax lodgementnot Bench
Processing payroll with automated superannuation contributionsnot Bench
Managing GST compliance and Business Activity Statement filingnot Bench
Reconciling bank transactions and monitoring cash flownot Bench

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Bench

Recent bankruptcy and acquisition by Employer.com creates uncertainty about product roadmap and support continuity
Higher starting cost at $299/month compared to self-service accounting software like Wave or QuickBooks Online
Requires manual connection of financial accounts and ongoing coordination with bookkeeping team, less automated than software-first solutions
Tax services limited to US income tax returns; no support for complex entity structures or multi-state taxation
History of burning through capital rapidly, raising concerns about long-term business sustainability

MYOB

Every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
Adding payroll employees beyond the included allowance costs an extra AUD 3/month per additional employee on top of the plan price

Pricing, plan by plan

Bench

$299/month

No published plan breakdown. See the Bench review.

MYOB

12/year

Solo by MYOB$99/year
- First year $12 (70% off)
Business Lite$315/year
- First year $94.50 (70% off)
- Payroll $3/month per employee max 2
Business Pro$70/month
- First 6 months $21 (70% off)
- Unlimited payroll employees
- 14-day free trial
Business AccountRight Plus$165/month
- First 3 months $66 (60% off)
- Unlimited payroll
- 14-day free trial

Which should you pick?

Choose Bench if

You need dedicated bookkeeper.
You work on Web, Ios, Android.
You also want monthly financial statements.

Bench review

Choose MYOB if

Nothing in the data separates MYOB from Bench on the points above - pick on price and on how each one feels to use.

MYOB review

Questions people ask

Is Bench or MYOB better?: Neither clearly leads. Bench starts at $299/month and MYOB at 12/year, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bench or MYOB?: Bench starts at $299/month and MYOB at 12/year.
Does Bench or MYOB run on more platforms?: Bench runs on Web, Ios, Android. MYOB runs on Web.
What is Bench best used for?: Bench is most often used for bookkeeping outsourcing, tax preparation, financial reporting. Of those, bookkeeping outsourcing and tax preparation are not what MYOB is typically brought in for.
What can Bench do that MYOB cannot?: Bench covers Dedicated bookkeeper, Monthly financial statements, Bank reconciliation, Tax preparation.

Answered from the vendors’ own pages

Bench: What happened to Bench Accounting?

Bench shut down abruptly on December 27, 2024, filing for bankruptcy in Canada with $65 million in debt. The company was acquired by Employer.com on December 30, 2024, and resumed operations in January 2025 under new ownership.

Source

MYOB: How much does MYOB cost?

MYOB pricing starts at $12 AUD per year (first year only) for Solo, with plans ranging to $165 AUD per month for AccountRight Plus after introductory periods expire.

Source

Bench: What are Bench's current pricing plans?

Bench offers Bookkeeping at $299/month (billed annually) and Bookkeeping + Tax at $599/month (billed annually). Both include automated bookkeeping, real-time financial statements, and a dedicated team of bookkeepers.

Source

MYOB: What is MYOB's introductory pricing?

MYOB offers 60-70% off introductory pricing for the first 3-12 months depending on plan selection, after which regular pricing applies with no lock-in contracts.

Source

Bench: Does Bench include tax preparation services?

The Bookkeeping plan includes monthly bookkeeping and year-end tax-ready financial statements. The Bookkeeping + Tax plan adds one-on-one income tax consulting and annual income tax return filing.

Source

MYOB: Does MYOB include payroll pricing?

Payroll starts at $3/month per employee (limited on lower tiers) and is included unlimited on Business Pro and AccountRight Plus plans.

Source

Bench: How does Bench's bookkeeping work?

Bench combines proprietary software with human bookkeepers. You connect your financial accounts to automate data entry, and Bench's team handles bookkeeping and provides year-end tax-ready statements. Customers can reach their dedicated team within 24 hours.

Source

Bench: Can I access real-time financial data with Bench?

Yes, Bench provides real-time reporting, allowing you to access or download updated income statements and balance sheets at any time.

Source

Bench vs MYOB

Bench

MYOB

The short version

Where they differ

What each one covers

Only in Bench

Only in MYOB

What people use each for

Bench

MYOB

Where each one falls short

Bench

MYOB

Pricing, plan by plan

Bench

MYOB

Which should you pick?

Choose Bench if

Choose MYOB if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Bench

More on MYOB

Keep looking

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