EdWil
10 months agoMember
MYOB - Maybe
Hi there MYOBers. I have a 1 man Pty Ltd and my accountant is pushing me to Xero and Ive come to Xero & Myob to understand what & why. The web sites are hopeless to a prospective user if yo...
Hey there!
Love that you’re doing your homework—and totally get the confusion, especially with all the mixed info floating around. Let's break it down a bit and get you the clarity you need (digital gratitude accepted in advance 😉).
First up: Yes, you can transfer your data from MYOB Solo (or Lite) to another platform using downloadable Excel reports. It’s a pretty straightforward process and doesn’t put extra load on you or your accountant.
It also sounds like your accountant might be more familiar with Xero—which is totally common—but it’s worth knowing that Solo and Lite are different products within MYOB:
If you're running a 1-man Pty Ltd, you might be leaning more toward Lite than Solo—but I’d love to know more about what you actually need day to day. Are you GST registered? Need payroll? Paying contractors regularly? The more we know, the better we can guide you.
And yes, the internet can be a brutal place for reviews 😅—but a lot of what’s out there lumps all MYOB products together. Solo, in particular, is getting a lot of love from sole operators who want simplicity without the fluff.
Happy to help however I can—just shout! 🙌
Thanks for reply! Yes, GST registered, no payroll, no contractors, and only 1-3 invoices a month
WRT "downloadable Excel reports" - would they be generic named & value? (like my current spreadsheet) or do they align with a standardised tax return or P&L ledger named? if its generic my Accountant is going to say he has same work to assign values in my spreadsheet (or worse csv) to his import process
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