Payroll software · Australia · Head-to-head
Employment Hero Payroll (formerly KeyPay) vs MYOB
Two Australia payroll software options, compared side by side for Australia trades.
Which should you choose?
Employment Hero Payroll (formerly KeyPay) and MYOB are both Tier S: our check found each one's prices published on its own website, so you can compare their costs before talking to sales. The tier is not a quality ranking: weigh the pros, cons, pricing and Australia-specific notes below against your trade and region.
Employment Hero Payroll (formerly KeyPay)
Tier S · Published pricesEmployment Hero's payroll (formerly KeyPay): award-rate automation, STP Phase 2 and built-in super clearing
Employment Hero Payroll is the former KeyPay, which HR software company Employment Hero acquired in February 2022 and rebranded in May 2023. Employment Hero says its payroll updates pay rates automatically for modern awards and penalty rates, pulls in rostering and timesheet data, and reports through Single Touch Payroll Phase 2. It is sold as a Payroll plan or inside the Employment Unlimited HR and payroll bundle, and Employment Hero says it has more than 350,000 customers.
Pros
- + Pay rates update automatically for modern awards and penalty rates, Employment Hero says
- + STP Phase 2 reporting to the ATO
- + Built-in super clearing (HeroClear) for Payday Super
- + Rostering and time data sync into pay runs
Cons
- − Minimum of 10 Users, so a 3-person crew pays for 10
- − Payroll page shows no billing period or GST basis for the $10 price
- − Rostering & Time is a paid add-on
- − The full HR and payroll bundle (Employment Unlimited) is quote-only
Australia note
Employment Hero calls its payroll 'ATO-recognised' for STP Phase 2 reporting. For Payday Super (from 1 July 2026 super must be paid every pay cycle), its HeroClear clearing house validates, pays and tracks super contributions from payroll.
MYOB
Tier S · Published pricesAccounting and payroll software for Australian and New Zealand businesses since 1991, with payroll as an add-on, bundled or standalone
MYOB has sold accounting, payroll and business management software to Australian and New Zealand businesses since 1991 and says more than a million people in the two countries use it. Private equity firm KKR has owned it since 2019. Payroll is an add-on to MYOB Business Lite and Pro, included in AccountRight Plus, or sold on its own as MYOB Business Payroll Only for up to 4 employees.
Pros
- + Standalone Payroll Only plan for up to 4 employees
- + AccountRight Plus includes payroll for unlimited employees at no extra cost
- + Single Touch Payroll reporting to the ATO and automated super contributions
- + Timesheets and rosters synced to pay runs on Pro and AccountRight Plus
Cons
- − Per-employee payroll fee on Lite and Pro, rising from $3 to $5 a month from 1 November 2026
- − Payroll caps: 2 employees on Lite, 4 on Payroll Only
- − Payroll Only rises from $15 to $20 a month from 1 November 2026
- − Intro discounts last 3-12 months, so the ongoing price is much higher
Australia note
MYOB says its payroll reports pay to the ATO through Single Touch Payroll, automates super contributions (with a Pay Super setting for the Payday Super changes) and syncs timesheets and rosters from the MYOB Team app. From 1 November 2026 Payroll Only rises to $20 a month and the per-employee payroll fee to $5 a month, both including GST, per MYOB's price notice.
More Australia options
See all Australia payroll software vendors and the rest of the Australia directory.