MYOB is all-in-one software with functions of accounting, banking, sales, purchase, time billing, inventory, payroll and cards. Same-tier software are Peachtree / Sage 50, Quickbook, Xero. MYOB Hong Kong version is localized for its compliance with requirements of Inland Revenue Department in Hong Kong for IR56 forms. Hong Kong version is not cloud based but runs on desktop. Lobster Limited offers hosting service to allow users to runs MYOB via browser anywhere anytime.