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Inventory management software for small businesses

Track stock, discover best sellers, and help your bottom line with inventory management and accounting in one place.

MYOB doesn’t just manage your inventory – it manages your entire business

All the essentials, all together

Efficiently manage inventory, invoicing, accounting, GST, and cash flow with one solution.

Integrated inventory and invoicing

Organise your stock and send invoices easier than ever with quick inventory setup, search and categorisation.

Stock and sales data, sorted

See stock on hand, purchase orders, expenses, and more – all in centralised dashboards and reports.

Inventory and accounting features, brought together beautifully

When you create invoices with MYOB Business, you can select from pre-saved customer contact details and product or service pricing to create invoices faster.

Manage inventory and invoicing in one place

Start selling and sending GST-ready invoices in no time, so you can get paid sooner.

  • Save time and reduce errors with automatic calculation for totals and GST – simply add quantities and send

  • Import existing inventory data or set up new products as needed

  • Search and filter your entire inventory database with customisable categories and fields

The reorder report option in MYOB Business includes a table with the following details: item id, item name, primary supplier, committed number of items, available number of items and the proposed amount required in your next order. There is a button to click to create the purchase order for your supplier.

Take control of stock from start to finish

Track stock on hand to keep a keen eye on your inventory, and never run out of hot-ticket items.

  • Handle your restocking process – select items to top up, generate purchase orders, and send them off to suppliers

  • Issue returns, credits, and refunds with ease

  • Create sales orders to hold stock until customers are ready to pay

Using the item sales analysis report, for each item you can track item ID, name, quantity, amount, cost of sales, Gross profit, and profit margin.

Track costs to help your bottom line

Monitor finances to funnel them to the right place, and cut back where needed.

  • See the whole picture with supplier, labour, and logistics costs in one location

  • Connect bank accounts to track cash flow, manage expenses, set product prices, and help increase margins

  • Easily claim credits at tax time with expenses already logged and easily findable

Square invoice sales data synced with MYOB Business inventory, including issue date, customer, amount, due date, and status. MYOB also integrates with inventory apps like Squarespace, Woocommerce, Shopify and Ebay.

Stay one step ahead with accurate sales data

Harness valuable sales and supplier data to jump on the right opportunities at the right times.

  • View sales reports to track best sellers and prepare for busy seasons

  • See upcoming work, invoicing, and sales and purchase orders

  • Connect MYOB to apps you already use, like Squarespace, Square, and Shopify to effortlessly sync data without manual entry

What our customers say about MYOB inventory management software

Swipe left and right to see more

We hold more than a thousand item codes now, and it's growing. MYOB helps us keep track of all our stock lines and replenish when needed.

Leigh-Ann Rohde, Cardboard Box Shop

If you're looking to modernise the way you handle inventory and keep it in one easy-to-access place, MYOB is the program of choice.

David Barkho, Online Operations, A&S Welding Electrical

When you have software like MYOB where you can see all of your inventory, it just makes reordering so much more simple.

Phil Kuoch, Founder and owner, Goldelucks

Inventory management is a huge benefit for me. I hand-make a lot of my products and I have to buy ingredients, labels and everything else that goes with making a physical product. So being able to manage that on my inventory is really important. It makes the process a lot quicker, rather than having to manually work out what that I need to order.

Tash Kaiser, Owner, Wurrumay Collective

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Making a start with MYOB is simple

Whether you're just starting out or running an established operation, you can manage your entire business with MYOB.

70% off for the first 12 months

MYOB Business

Lite

For sole traders and small business with up to 2 employees.

$94.50/year
$315/year after offer period
Save $220.50 in the first year
Buy nowExplore Lite
  • Now with in-built AI features
  • Track GST and lodge BAS
  • Manage inventory and orders
  • Add payroll for up to 2 employees (extra $3/month per employee)
70% off for the first 6 months

MYOB Business

Pro

For small to medium businesses with multiple employees.

$21.00/month
$70/month after offer period
Save $294 in the first 6 months
Try FREE for 14 daysExplore Pro
  • Now with in-built AI features
  • Connect unlimited bank accounts
  • Create and send sales orders
  • Add payroll for unlimited employees (extra $3/month per employee)
60% off for the first 3 months

MYOB Business

AccountRight Plus

For established businesses needing to fast track pay runs and inventory.

$66.00/month
$165/month after offer period
Save $297.00 in the first 3 months
Try FREE for 14 daysExplore Plus
  • Now with in-built AI features
  • Unlimited inventory
  • Priority support
  • Unlimited payroll at no extra cost
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A better way to manage inventory

A construction worker in a blue hard hat installs wiring, alongside a pay runs scheduling interface showing completed pay runs and upcoming pay runs

From scattered stock to actionable inventory insight

When you don’t have enough data on your inventory and the associated costs, you’re likely to hit a few hurdles when planning ahead.

Good inventory management means you have all the information to sell with confidence and restock well ahead of time.

MYOB helps businesses know their financial position, giving a clear snapshot of income, expenses, and net profits - with reports that help you drill into the numbers.

MYOB manages inventory and accounting to help businesses run smoothly

MYOB brings inventory management and accounting together in one place, allowing businesses to track stock on hand, sync inventory with expenses, and efficiently fulfil sales orders.

That means valuable data on what and when to restock, instead of worrying about being left empty-handed.

Need more than inventory management?

Add other MYOB solutions into the mix to get even more control over your business – all in one place.

Cash flow management

Keep money coming in steadily with tools to manage income, remove the guesswork from budgeting, and get paid faster.

Invoicing and quotes

Create and send professional invoices with customisable templates pre-saved costs for fast and easy invoicing.

Tax and GST

Have GST automatically calculated for you. Prepare and lodge your BAS directly with the ATO from your MYOB software.

All your inventory management questions, answered

Who is MYOB inventory management software for?

MYOB’s inventory management software is for small businesses looking to manage their stock in real time to make more informed decisions around ordering, selling, and pricing.

With inventory and accounting in the same software, MYOB brings all the essentials, all together.

How do I use MYOB inventory management software?

Using MYOB inventory management software is easy.

To monitor your stock, simply input item details to have the software organise items and begin tracking stock on hand.

You can also use the software to track stock, create invoices, send orders, adjust item information, and run inventory reports.

Can I apply discounts and issue returns, credits, and refunds?

Yes. You can apply discounts to specific items or entire invoices.

You can also credit or reimburse customers for goods returned, services not used or received, and overpaid invoices.

Can I perform stocktakes?

Yes, but only with MYOB AccountRight Plus or AccountRight Premier.

Plus is a great starting point for basic stocktakes. Otherwise, if you need to manage inventory across multiple locations, go with Premier.

Does MYOB allow me to track stock across multiple locations?

AccountRight Premier is the only monthly subscription that offers multi-location inventory management.

For bigger businesses that need a scalable, customisable inventory platform, we recommend MYOB Acumatica. A cloud-based ERP platform that gives you 360-degree visibility, MYOB Acumatica has you covered – from inventory and distribution, to manufacturing and warehouse management. See MYOB Acumatica’s inventory and distribution features.

Can I create a Bill of Materials?

Yes, but only with AccountRight Premier or MYOB Acumatica.

For complex businesses needing precise planning and true cost visibility, MYOB Acumatica offers powerful Bills of Materials and routing tools. See MYOB Acumatica's inventory features

Can I let other people access MYOB?

Absolutely. You can share your account with your advisor, accountant, bookkeeper, or business partner at any time and for no extra cost.

You can also set their access and permissions to control what they’re able to do and see in the software.

Is there a minimum subscription period?

Nope. And there are no lock-in contracts either. Pay monthly (or yearly on selected plans) and enjoy the flexibility to cancel anytime.

How about managing complex inventory across multiple locations? We do that too.

One software for coordinating multi-site inventory and distribution

MYOB Acumatica ERP lets you track inventory across multiple warehouses to manage, fulfil, and deliver products from a single platform. Plus, our customisable manufacturing options give you total control from supply to distribution.

Explore inventory ERP
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