Advantages of the MYOB accounting software include even alignment of the journal list of options in the banking set of choices. This makes it easy to enter the GST amounts. Moreover, it offers the option to store accounts in numerous locations. Hence, various company files are saved simultaneously. Finally, the MYOB software is highly supported. This improves the process of getting technical support on the use of the software.
On the other hand, the MYOB accounting software has the following disadvantages. Firstly, the software is slow when generating a large report for an extensive time duration. This consumes the precious time of accountants. Secondly, the software restricts the number of open windows for a specific file to nine windows. Hence, it restricts the number of operations that can be done on the file. Lastly, the software shows intolerance to some operating system platforms. Hence, it limits machine usage and increases the cost of acquiring the expensive accompanying operating systems.