What’s the difference between Hnry and MYOB?
MYOB vs. Hnry
Want an alternative to MYOB? Here’s how Hnry is better for sole traders than traditional accounting software.
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 Business Mastercard 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 Business Mastercard 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 MYOB or Hnry?
It's like comparing apples and 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.
MYOB Business Lite
$32 / mo. (+GST)
For the sole trader and small business plan. (Additional fees and charges apply for optional features.)
Payment type
Monthly subscription. Additional costs for add-ons and features.
What do they offer?
Basic accounting software that provides limited tools, but you’ll still need an accountant to handle your taxes.
Accountant sold separately.
Traditional
accountants
$1,920 / yr.*
<span style=’‘font-weight: 700;’‘>on average.</span>
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.
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!
Feature Comparison
Compare Hnry side by side with MYOB
| Features |
|
|---|---|
| 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 | MYOB Business Lite |
|---|---|
| Taxes calculated and paid automatically as you earn |
|
| Debit card (to automate expenses) |
|
| Support from expert accountants |
|
| Tax returns lodged |
|
| Raise and track expenses |
tracking only
|
| 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 |
|
MYOB Business Lite |
Traditional accountants |
|---|---|---|---|
| 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 |
|
|
|
| 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 |
|
|
|
