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Software · head to head

Expensify vs MYOB

Expensify logo

Expensify

Software

Expense management for receipts, bills & more

From
$5/month
Rated
-
Full reviewWebsite
MYOB logo

MYOB

Software

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

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Expensify minimal offline expense entry capabilities hamper use in areas with unstable internet; 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

Where they differ

Only the attributes on which Expensify and MYOB actually diverge.

Attributes where Expensify and MYOB differ
AttributeExpensifyMYOB
Starting price$5/monthOn request
Pricing modelUnknownsubscription
PlatformsWeb, iOS, AndroidWeb
Founded2008Unknown

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

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 Expensify

  • SmartScan receipts
  • Expense reports
  • Corporate cards
  • Reimbursements
  • Travel booking
  • Mileage tracking
  • Multi-currency
  • Real-time syncing

Only in MYOB

Nothing recorded that Expensify does not also cover.

What people use each for

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

Expensify

  • Expense reportingnot MYOB
  • Receipt managementnot MYOB
  • Travel expensesnot MYOB
  • Corporate card managementnot MYOB
  • Reimbursementsnot MYOB

MYOB

No use cases recorded yet. See the MYOB review.

Where each one falls short

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

Expensify

  • Minimal offline expense entry capabilities hamper use in areas with unstable internet
  • OCR receipt data extraction requires manual review and correction for accuracy
  • Per-user pricing model increases costs for larger organizations

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

Expensify

$5/month

No published plan breakdown. See the Expensify review.

MYOB

On request

No published plan breakdown. See the MYOB review.

Which should you pick?

Choose Expensify if

  • You need smartscan receipts.
  • You work on Web, iOS, Android.
  • You also want expense reports.
Expensify review

Choose MYOB if

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

MYOB review

Questions people ask

Is Expensify or MYOB better?
Neither clearly leads. Expensify starts at $5/month and MYOB at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Expensify or MYOB?
Expensify starts at $5/month and MYOB at On request.
Does Expensify or MYOB run on more platforms?
Expensify runs on Web, iOS, Android. MYOB runs on Web.
What is Expensify best used for?
Expensify is most often used for expense reporting, receipt management, travel expenses, corporate card management. Of those, expense reporting and receipt management are not what MYOB is typically brought in for.
What can Expensify do that MYOB cannot?
Expensify covers SmartScan receipts, Expense reports, Corporate cards, Reimbursements.

Answered from the vendors’ own pages

Expensify: How does Expensify capture receipts?

Expensify uses SmartScan technology with OCR to automatically extract data from receipt images, reducing manual data entry. Users can photograph receipts with their phone to quickly create expense entries.

Source
Expensify: What reimbursement methods does Expensify support?

Expensify supports ACH reimbursement via direct deposit after setting up a direct deposit account. Next-day reimbursement is available, or standard processing takes 3-5 business days.

Source
Expensify: How does Expensify offline mode work?

Expensify has limited offline capabilities. Users can capture receipts offline, but data syncs when internet connectivity is restored. Full functionality requires online access.

Source
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