Accounting Software

MYOB vs TallyPrime

Both are accounting software. The short answer: choose MYOB if you are australian and New Zealand small businesses needing accounting and payroll; choose TallyPrime if you are established Indian SMEs and accountants who already work in Tally.

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MYOB logo MYOBTallyPrime logo TallyPrime
Best forAustralian and New Zealand small businesses needing accounting and payrollEstablished Indian SMEs and accountants who already work in Tally
Free planNo (trial may exist)No (trial may exist)
PricingSee providerSee provider
Built for IndiaGlobalYes
CategoriesAccounting Software, HR & Payroll SoftwareBilling & Invoicing Software, Accounting Software, Inventory Management Software, ERP Software, Manufacturing & MRP Software, Tax, CA & Legal Practice Software
Strengths
  • Built for Australian GST and payroll rules
  • STP payroll reporting
  • Widely known by local accountants
  • Very familiar to Indian CAs and accountants
  • Strong GST and statutory reporting
  • Works offline
Watch out for
  • Australia and New Zealand only
  • Older products being replaced
  • Desktop-centric workflow
  • Learning curve for beginners
  • Remote access needs add-ons
Visit MYOBVisit TallyPrime

Which should you choose?

MYOB: Accounting and payroll software for Australia and New Zealand with GST, BAS lodgement and Single Touch Payroll.

TallyPrime: Desktop-first business management software widely used by Indian accountants for accounting, GST, inventory and payroll.

The best way to decide is to run the same week of real work through both — most offer a free plan or trial — and compare how long tasks take, what your team prefers, and the total cost for your number of users including renewal pricing.

Not sure either fits? See all accounting software compared.