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Comparing inventory in MYOB Business and AccountRight

If you haven't decided which MYOB product best suits the inventory needs of your business, this information might help.

In general:

  • MYOB Business is ideal for retail businesses with simple inventory needs, such as those that only sell from stock on hand and don't backorder to fulfil sales. Some inventory features are still to come – see What inventory features are available in MYOB Business.

  • AccountRight 

    is suitable for businesses with more complex inventory needs, such as those that build items from other items, store items at multiple locations, have tiered pricing levels or need to be able to add items to inventory without receiving a supplier bill.

When deciding what inventory product to use, consider the examples and feature comparison below.

Example

Bookstops is a small business that sells ornamental bookends. They're small, but they're ambitious and are expanding their product range. They want an easy automated method of keeping tabs on how many sets of bookends they have in stock. Bookstops don't build the bookends in house but order them in. They're only getting a small volume of orders and only sell from what they have on hand. They want to know how the new product lines are performing and when to order more stock. So the inventory features in MYOB Business are ideal for their needs.

Example

HamperWorld is a growing business selling Christmas hampers. They sell a large range of hampers at different price points. Each hamper can contain up to a dozen or more separate products. These items come from a number of suppliers and HamperWorld package them up. They need inventory software with advanced packaging/auto building features, as well as the ability to easily backorder items to complete a hamper – especially around Christmas when orders get hectic. The inventory features available in MYOB Business are not yet suited to their needs. They might be better off considering the full inventory features in AccountRight for now.

MYOB inventory features compared

Creating items

MYOB Business

AccountRight

Create inventory items

Yes

Yes

Edit items

Yes

Yes

Import items

Yes

Yes

Export items

Yes

Yes

Delete or deactivate items

Yes

Yes

Add item reordering info

Yes

Yes

Build inventory items from other items

 

Yes

List a bill of materials needed to build an item

 

Yes

Store items in multiple locations

 

Yes

Buying and selling items

MYOB Business

AccountRight

Sell items from stock on hand

Yes

Yes

Order stock from suppliers

Yes

Yes

Create sales orders for customers

Yes

Yes

Easily reorder stock

Yes

Yes

Backorder items to fulfil sales

 

Yes

Add items into inventory without a supplier bill

 

Yes

Track item quantities

MYOB Business

AccountRight

Automatically update item quantities when buying and selling items

Yes

Yes

Adjust the on hand quantity of items

Yes

Yes

Inventory reporting

MYOB Business

AccountRight

report on stock on hand

Yes

Yes

analyse item sales and margins

Yes

Yes

report on what needs to be reordered

Yes

Yes

pricing list report

 

Yes

item transaction report 

 

Yes

item build report

 

Yes

End of period

MYOB Business

AccountRight

Make EOFY inventory adjustments

Yes

Yes

Reconcile inventory accounts and values

Yes

Yes

Do a stocktake

 

Yes

More features are coming

We'll soon be adding more advanced features for businesses with more complex needs, such as backordering, tiered pricing, or the ability to build items from other items. We'll update the comparison table above as those new features become available.

For information on what features are available and what features are still coming, see What inventory features are available in MYOB Business.