Looking for a MYOB alternative for sole traders? FlowFi is built for the one-person business
MYOB has been doing Australian accounting since the 1990s, and its ecosystem is built for accountants first: practice tools, ledgers, payroll and the MYOB Business range. MYOB Solo is its newer sole-trader product, priced around $10 to $15 a month, with bank feeds and an MYOB transaction account so income and spending can run through one place. If your accountant lives in MYOB, Solo is the obvious low-cost option and this page will not pretend otherwise.
FlowFi starts from the other end: the person doing their own books. You upload the bank statement you already have, from any bank, and AI turns it into categorised transactions, GST figures and a BAS you copy into ATO Online, with Tax Pot and full invoicing included. The full side-by-side is at FlowFi vs MYOB.
Why sole traders look for a MYOB alternative
An accountant-first ecosystem
MYOB grew up serving accounting practices, and it shows in the vocabulary, the coding workflow and the way features are organised. Solo softens that, but the platform underneath was not designed around a sole trader working alone on a Sunday night.
The transaction account model
Solo works best when your money runs through the MYOB transaction account and its feeds. Some sole traders want the bookkeeping without opening another account or moving where clients pay them.
Coding lines rather than reviewing them
Rules and feed matching still leave you coding a lot of transactions by hand. FlowFi's approach is AI categorisation with a confidence score, so you only look at the lines it is unsure about.
What you keep
- Invoicing with PDF and email, pay links with bank transfer or PayID, quotes accepted online, recurring invoices, and opt-in chasing at 1, 7 and 14 days overdue.
- GST flagged per transaction, deductions marked, and every BAS label prepared for ATO Online with a reminder before the due date.
- Tax Pot: what to set aside for tax from your real numbers, the gap, and a weekly amount to close it, with optional super.
- Receipts, mileage, a cash-flow forecast, and an accountant export that includes an MYOB-compatible format.
What you give up
- Bank feeds and the MYOB transaction account. FlowFi has no bank connection; you export a CSV or PDF statement and upload it.
- The lowest sticker price. Solo is around $10 to $15 a month; FlowFi Pro is $29 or $290 a year.
- Lodging from inside the software. FlowFi prepares every label; you copy them into ATO Online in about five minutes, or send the pack to your accountant.
- Your accountant working directly in an MYOB file. They get a clean export instead, or a user seat on the Business plan.
MYOB vs FlowFi in six rows
| MYOB | FlowFi | |
|---|---|---|
| Price | MYOB Solo around $10 to $15 a month. MYOB Business plans for larger businesses cost considerably more. | Pro $29 a month or $290 a year. Business $59 or $590. 14-day free trial, no card. |
| Built for | The MYOB ecosystem is built for accountants and bookkeepers first; Solo is the newer sole-trader product that plugs into it. | The sole trader doing their own books, with an accountant export for tax time. |
| How transactions get in | YesBank feeds, plus an MYOB transaction account you can run the business through. | Upload a CSV or PDF statement from any bank. No bank login, no new account, no bank feed. |
| Categorisation | Feed matching and rules you set up; check the current Solo feature list for automation. | YesAI categorises every line with a confidence score, asks you to review only the uncertain ones, and learns from your corrections. |
| BAS | Activity statement figures from the transactions you code; what Solo includes differs from MYOB Business. | YesEvery BAS label prepared on a copy-ready card with a guide for ATO Online, plus a reminder email before the due date. FlowFi does not lodge. |
| Accountant handover | YesYour accountant can work in the MYOB file if they are on the platform. | YesOne-click tax pack in PDF, CSV, Xero or MYOB-compatible format. On Business, invite your accountant as a user. |
Switching in 15 minutes
No migration, no new bank account. Your bank already holds the records FlowFi needs.
- 1
Export a bank statement
Download a CSV or PDF of the quarter from your bank, or from the MYOB transaction account if your income has been running through one.
- 2
Upload it to FlowFi
Drop the file in. AI categorises every transaction, works out the GST and flags likely deductions in a couple of minutes.
- 3
Review and confirm the BAS
Check the uncertain lines, confirm the BAS labels and copy them into ATO Online. Tax Pot tells you what to set aside each week from here.
- 4
Move your invoicing
Set up your template with your logo and your own bank details or PayID, send the next invoice from FlowFi, and export any MYOB reports you want to keep before you cancel.
FlowFi pricing
$29 a month
or $290 a year for Pro. Business is $59 a month or $590 a year and adds unlimited bank accounts, up to five users, AI insights and API access.
- 14 days of Pro free, no card
- 30-day money-back guarantee on your first payment
- Everything included, no add-ons
MYOB pricing
$10 to $15 a month, roughly
for MYOB Solo. The MYOB Business range for larger businesses is priced well above that, and what Solo includes differs from those plans.
MYOB prices checked September 2026 at myob.com and rounded; see their site for current plans.
Frequently asked questions
Is FlowFi more expensive than MYOB Solo?
On the monthly price, yes. Solo is around $10 to $15 a month and FlowFi Pro is $29, or $290 a year. What you are paying for is different: AI categorisation of uploaded statements, deduction flagging, a BAS copy-guide, Tax Pot, and invoicing with pay links, quotes, recurring invoices and automatic chasing. Try both on a real statement and see which saves more of your evening.
Can my accountant get an MYOB file from FlowFi?
FlowFi exports an MYOB-compatible CSV, along with PDF, CSV and Xero formats. Your accountant can import it into their MYOB practice tools or work from the PDF pack. Because the data arrives categorised with GST worked out, the handover is usually quicker than a raw file.
Do I have to move my banking?
No. FlowFi never touches your money and does not provide a bank account. You keep whatever account you already have, with any bank, and upload statements from it. That is the opposite of the MYOB transaction account model, and for many sole traders it is the point.
What happens to my history in MYOB?
Export it before you cancel. MYOB can produce transaction and report exports; upload the CSV to FlowFi if you want your history in one place, and keep the PDF reports. The ATO requires five years of records regardless of which software you use.
Try FlowFi on your last bank statement
Upload one CSV or PDF and see categorised transactions, GST and BAS labels in minutes. No new bank account needed.
Start 14-day free trial14 days of Pro free. No credit card. Then $29 a month or $290 a year.
MYOB is a trademark of its owner. FlowFi is not affiliated with MYOB. Figures are general information only and may change; check both options' current pricing and features before deciding. FlowFi does not lodge your BAS or give tax advice. See also FlowFi vs MYOB.