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Solo by MYOB vs. Hnry

Want an alternative to Solo by MYOB? Here's how Hnry is better for sole traders than traditional accounting software.

What's the difference between Hnry and Solo by MYOB?

Comparison between Solo by MYO and Hnry showing Hnry's advantages for sole traders Comparison between Solo by MYO and Hnry showing Hnry's advantages for sole traders

Why choose Hnry?

Your taxes and expenses automated

We automatically calculate and pay your taxes from your Hnry Account, so you’re always up-to-date and know what’s in your pocket is yours to keep. Plus the Hnry Debit Card automates all your expenses, to lower your tax rate as you spend.

An accountant with your software

We become your accountant; that means we lodge your returns (even BAS), manage your expenses as you go (to minimise your tax bill), and our team of sole trader tax experts (specialised in your industry) are there if you need a hand.

A suite of features - at no extra cost!

You get a bunch of features for all your business needs, like expenses, unlimited invoices and quotes, multiple payment options and more.

Designed for sole traders

We’re Australasia’s largest specialised sole trader accounting service and have tailored our service specifically to their needs - there’s nothing else like us.

Your taxes and expenses automated

We automatically calculate and pay your taxes from your Hnry Account, so you’re always up-to-date and know what’s in your pocket is yours to keep. Plus the Hnry Debit Card automates all your expenses, to lower your tax rate as you spend.

An accountant with your software

We become your accountant; that means we lodge your returns (even BAS), manage your expenses as you go (to minimise your tax bill), and our team of sole trader tax experts (specialised in your industry) are there if you need a hand.

A suite of features - at no extra cost!

You get a bunch of features for all your business needs, like expenses, unlimited invoices and quotes, multiple payment options and more.

Designed for sole traders

We’re Australasia’s largest specialised sole trader accounting service and have tailored our service specifically to their needs - there’s nothing else like us.

Deciding between Solo by MYOB or Hnry?

It's like comparing apples and fruit salad.

Fruit Salad

Why go out and pay for individual bits of fruit, when you can get it all (and all the extra good bits) for less?

We don't believe in raising our prices every year, or paying for an accountant on top of software, or not being able to talk to humans when you need a hand.

We're not just your software, and we're not just your accountant. We're both and more, at the same time.

1% +GST

of your self-employed income, capped at $1,500 +GST per year.

Payment type

Only pay when you're earning self-employed income. No monthly subscriptions. No hidden fees.

What do we offer?

Hnry is your accountant, your software, and a service that automatically calculates and pays your tax.

Nothing else required.

Solo by MYOB

$12 / yr.

For the base subscription. (Additional fees and charges apply for optional features.)

Payment type

Yearly or monthly subscription. Additional costs for add-ons and features.

What do they offer?

Accounting software that helps streamline your bookkeeping, but you'll still need an accountant to handle your taxes.

Accountant sold separately.

Traditional
accountants

$1,920 / yr.*

on average.

Payment type

Invoice after service.

What do they offer?

An accountant will use software to manage business finances and prepare accounts and tax returns.

Accounting software required.

*Source: The Hnry Sole Trader Pulse, an independent survey of sole traders conducted by Resolve Strategic.

Pricing

All this for 1% +GST of your self-employed income*

*Capped at $1,500 +GST per year

PS: We've never raised our prices. You won't be caught out with us!
  • There’s no monthly subscriptions, you only pay when you’re earning. To me 1% of my income is nothing, I’d pay them 5% - it’s that good for me.

    Lauren Wooton Media Consultant

Features Hnry logo
Taxes calculated and paid automatically as you earn
Debit card (to automate expenses)
Support from expert accountants
Tax returns lodged
Raise and track expenses
Review expenses
Invoices and quotes
unlimited
Transaction reconciliation
Accept credit card payments
Automatic mileage expense tracking
Specifically designed for sole traders
Pay-as-you-earn pricing (no subscriptions)
Automatic tax payments
Expert accountants included
Regular price increases
Features Solo by MYOB
Taxes calculated and paid automatically as you earn
Debit card (to automate expenses)
Support from expert accountants
Tax returns lodged
Raise and track expenses
Review expenses
Invoices and quotes
limited
Transaction reconciliation
Accept credit card payments
with additional charges
Automatic mileage expense tracking
Specifically designed for sole traders
Pay-as-you-earn pricing (no subscriptions)
Automatic tax payments
Expert accountants included
Regular price increases
Features Traditional
accountants
Taxes calculated and paid automatically as you earn
Debit card (to automate expenses)
Support from expert accountants
with additional charges
Tax returns lodged
Raise and track expenses
Review expenses
Invoices and quotes
Transaction reconciliation
Accept credit card payments
Automatic mileage expense tracking
Specifically designed for sole traders
Pay-as-you-earn pricing (no subscriptions)
Automatic tax payments
Expert accountants included
but not always sole trader specialists
Regular price increases
Features Hnry logo Solo by MYOB Traditional
accountants
Taxes calculated and paid automatically as you earn
Debit card (to automate expenses)
Support from expert accountants
with additional charges
Tax returns lodged
Raise and track expenses
Review expenses
Invoices and quotes
unlimited
limited
Transaction reconciliation
Accept credit card payments
with additional charges
Automatic mileage expense tracking
Specifically designed for sole traders
Pay-as-you-earn pricing (no subscriptions)
Automatic tax payments
Expert accountants included
but not always sole trader specialists
Regular price increases

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