Accounting Software

MYOB vs Wave

Both are accounting software. The short answer: choose MYOB if you are australian and New Zealand small businesses needing accounting and payroll; choose Wave if you are very small businesses in the US and Canada on a tight budget.

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MYOB logo MYOBWave logo Wave
Best forAustralian and New Zealand small businesses needing accounting and payrollVery small businesses in the US and Canada on a tight budget
Free planNo (trial may exist)Yes
PricingSee providerSee provider
Built for IndiaGlobalGlobal
CategoriesAccounting Software, HR & Payroll SoftwareBilling & Invoicing Software, Accounting Software
Strengths
  • Built for Australian GST and payroll rules
  • STP payroll reporting
  • Widely known by local accountants
  • Free core invoicing and accounting
  • Simple to learn
Watch out for
  • Australia and New Zealand only
  • Older products being replaced
  • Best suited to US/Canada
  • Fewer integrations
Visit MYOBVisit Wave

Which should you choose?

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

Wave: Free-to-start invoicing and accounting for small businesses, with paid payments and payroll add-ons.

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.