{"id":113935,"date":"2025-03-13T22:17:46","date_gmt":"2025-03-13T22:17:46","guid":{"rendered":"https:\/\/arielle.com.au\/?p=113935"},"modified":"2025-07-31T23:54:16","modified_gmt":"2025-07-31T23:54:16","slug":"myob-solo-vs-freshbooks","status":"publish","type":"post","link":"https:\/\/arielle.com.au\/myob-solo-vs-freshbooks\/","title":{"rendered":"MYOB Solo vs FreshBooks: Which Is Best For Sole Traders?"},"content":{"rendered":"Reading Time: <\/span> 7<\/span> minutes<\/span><\/span>\n

No matter how small your business is, you don\u2019t want to look like an amateur, lose sight of whether you\u2019re actually making a profit, or mess up your taxes.<\/p>\n\n\n\n

If chasing payments and managing cash flow feels like a burden, it\u2019s probably time to modernise your business management.<\/em><\/span><\/div><\/div>\n\n\n\n

I\u2019ve been running my freelance business \u2014 using FreshBooks for invoicing and expense management \u2014 for over 10 years. I\u2019ve learnt a lot that time, but there\u2019s always room to refine how I operate.<\/p>\n\n\n\n

So I was curious about the \u2018new kid on the block\u2019 that\u2019s targeted squarely at sole traders \u2014 Solo by MYOB<\/a>.<\/p>\n\n\n\n

So, is Solo good enough to make me switch?<\/em><\/span><\/div><\/div>\n\n\n\n
<\/div>\n\n\n\n
Key Takeaways.<\/strong><\/th><\/tr><\/thead>
Solo by MYOB<\/strong> is a visually appealing, elegant mobile app ideal for sole traders that need to invoice and accept payments on the go.<\/td><\/tr>
FreshBooks<\/strong> offers a more in-depth invoicing, time tracking and reporting solution, suited to service-based businesses.<\/td><\/tr>
Solo is<\/strong> cheaper so it\u2019s ideal for those starting out, as the app\u2019s feature set will likely grow with you.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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MYOB Solo vs FreshBooks: My Quick & Dirty Verdict.<\/strong><\/h2>\n\n\n\n

MYOB (the fully featured product) has always had the edge over FreshBooks – if you have more than ~5 staff and\/or complex accounting needs.<\/p>\n\n\n\n

And now, with the launch of Solo in late 2024<\/a>, MYOB offers a purely sole trader-focused product.<\/p>\n\n\n\n

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Important!<\/h3><\/div>

You can tell Solo \u2018gets\u2019 sole traders. A complex web interface? No thank you. Just a ridiculously easy-to-use app with the most vital accounting functions, so you can get paid and record expenses on the go.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

FreshBooks, meanwhile, is more comprehensive than Solo – but won\u2019t overwhelm you if you don\u2019t have bookkeeping experience. <\/p>\n\n\n\n

It offers a web-based version plus a native app. <\/p>\n\n\n\n

(Related: <\/strong>Best Accounting Software For Small Businesses<\/strong><\/a>).<\/strong><\/p>\n\n\n\n

The entry-level tier includes a depth of features that Solo doesn\u2019t have. They aren\u2019t critical, but definitely useful \u2014 like time tracking, estimates, recurring invoices, and the ability to accept deposits.<\/p>\n\n\n\n

But it could be overkill for some sole traders. And the lowest tier of FreshBooks is still more than double the price of Solo ($24 vs $11 per month).<\/p>\n\n\n\n

It comes down to your required functionality and budget. If you need:<\/p>\n\n\n\n