Hnry vs MYOB for sole traders: a fair comparison

What each one is

Hnry is a registered tax agent service delivered through an app. Clients pay into a Hnry-held account in your name; Hnry deducts income tax, GST (if registered) and optionally super and student loan repayments, pays those to the ATO, and transfers the rest to you. You raise expenses in the app to reduce the tax withheld. Hnry lodges your BAS and your tax return.

MYOB Solo is a mobile-first app for sole traders: send invoices, snap receipts, connect a bank feed, track GST and see a BAS summary, for a few dollars a week. MYOB Business is the desktop-strength product above it, with bills, reporting, payroll options and the ability to lodge activity statements to the ATO from the software. Neither lodges your income tax return; that is you or your accountant.

Price

• Hnry: 1% of income paid through Hnry, plus GST, capped at $1,500 plus GST a year. On $50,000 that is $500 plus GST; the cap is reached at $150,000. No fee in months you earn nothing. Includes the tax return.
• MYOB Solo: around $10 to $15 a month, so roughly $120 to $180 a year. MYOB Business plans cost more; check the current pricing.
• Add an accountant’s fee for the return if you use MYOB, or lodge yourself through myTax.

On raw price, MYOB Solo is the cheapest by a wide margin. It only becomes close once you add an accountant’s fee and value the hours Hnry saves.

How your money flows

Hnry: income arrives in a Hnry account, tax comes out, the remainder is paid to you. You never get a tax bill. The trade-off is that clients pay Hnry’s account details and your available cash is always the after-tax amount.

MYOB: income arrives in your own bank account and the software reads it through a feed. Setting tax aside and paying the ATO is your job, with the GST position visible in the app. Full control, and full responsibility for the bill.

Invoicing and expenses

Both invoice from a phone. Hnry’s invoices route payment through its account and its expense handling is claim-based: submit the receipt, it applies the deduction. MYOB Solo has simple invoicing, receipt capture and bank feeds that bring in transactions to categorise. For a sole trader with many small expenses, MYOB’s transaction-by-transaction view is closer to a full set of books; for one with a few large ones, Hnry’s claim model is enough.

GST and BAS

Hnry calculates GST on income as it arrives, applies credits from your submitted expenses, and lodges the BAS. You do not touch the form.

MYOB tracks GST on each invoice and expense and produces a BAS summary or activity statement. In MYOB Solo you take those figures to ATO online services; in MYOB Business you can lodge from within the software once connected to the ATO. Either way you review and submit, or your BAS agent does.

Tax return and support

Hnry includes the annual return, prepared by its own tax agents. MYOB does not; you lodge through myTax or pay an accountant, and many accountants work in MYOB. Support from Hnry is about your tax position; support from MYOB is about the software.

Who each suits

Hnry tends to suit: contractors and freelancers with service income and few expenses, who want tax to be invisible and are comfortable with income routed through Hnry.

MYOB Solo tends to suit: sole traders on a tight budget who are happy to categorise transactions themselves and lodge their own BAS, especially those with a lot of small expenses to track. MYOB Business suits a sole trader who expects to grow into staff, stock or more complex reporting.

A useful test: if the idea of lodging a BAS yourself is fine, MYOB is cheaper. If it is the thing you dread, Hnry removes it.

Where FlowFi fits

FlowFi is bookkeeping software like MYOB, not a tax service like Hnry. Where it differs from MYOB is the input: instead of bank feeds you upload a CSV or PDF statement, and AI categorises every line, flags GST and likely deductions, and prepares each BAS label with a copy-guide for ATO Online, so the review takes minutes rather than an evening. Your money stays in your own account and your accountant does the return. Pro is $29 a month or $290 a year, with a 14-day free trial and no card. It costs more than MYOB Solo and does more of the categorising for you; it costs less than Hnry at most incomes and does not lodge. See FlowFi vs MYOB and FlowFi vs Hnry.

Prices and features were checked in September 2026 and change often. Confirm current plans on each provider’s website before deciding.