Quick Comparison
| Feature | Xero | MYOB |
|---|---|---|
| Starting Price | Contact for pricing | Contact for pricing |
| ATO Integration | ✓ Yes | ✓ Yes |
| Bank Reconciliation | ✓ Automatic | ✓ Automatic |
| Mobile App | ✓ iOS & Android | ✓ iOS & Android |
| User Limit (Starter) | 1 user | 1 user |
| Best For | Small to medium-sized businesses | Established Australian businesses |
Detailed Comparison
Xero
Best for Small BusinessesCloud-based accounting software designed for small businesses with a modern, intuitive interface. Perfect for Australian businesses needing GST compliance and ATO integration.
✓ Pros
- ✓ Modern, intuitive user interface
- ✓ Excellent mobile app functionality
- ✓ Strong third-party app ecosystem
- ✓ Real-time bank reconciliation
- ✓ Great for small to medium businesses
- ✓ Regular feature updates
- ✓ Strong community and support
✗ Cons
- ✗ Can be expensive for very small businesses
- ✗ Some features require higher tier plans
- ✗ Learning curve for complex features
- ✗ Limited customization options
Pricing
- Grow: Contact for pricing - Payroll For 2 people, 30 day forecast cash flow, 1 user Claim expenses and mileage
- Comprehensive: Contact for pricing - Payroll For 5 people, 90 day forecast cash flow, 5 user Claim expenses and mileage
- Ultimate 10: Contact for pricing - Payroll For 10 people, 180 day forecast cash flow, 10 user Claim expenses and mileage
MYOB
Best for Established BusinessesComprehensive accounting solution for Australian businesses with robust features and local support. Ideal for established businesses with complex accounting needs.
✓ Pros
- ✓ Robust feature set for established businesses
- ✓ Strong inventory management
- ✓ Comprehensive reporting capabilities
- ✓ Good for complex accounting needs
- ✓ Established brand with local support
- ✓ Flexible pricing options
- ✓ Good for larger businesses
✗ Cons
- ✗ Interface can feel dated
- ✗ Steeper learning curve
- ✗ Can be overwhelming for small businesses
- ✗ Less modern than cloud-native solutions
- ✗ Mobile app could be improved
Pricing
- Lite: Contact for pricing - Track GST and lodge BAS, Manage inventory and orders, Add payroll for up to 2 employees
- Pro: Contact for pricing - Connect unlimited bank accounts, Create and send sales orders, Add payroll for unlimited employees
- AccountRight Plus: Contact for pricing - Unlimited inventory, Priority support, Unlimited payroll at no extra cost
Which One is Best For You?
Choose Xero If:
- • Small to medium-sized businesses
- • Businesses wanting modern cloud accounting
- • Companies needing strong mobile access
- • Businesses that value integrations
Choose MYOB If:
- • Established Australian businesses
- • Companies with complex inventory needs
- • Businesses requiring advanced reporting
- • Larger businesses with multiple users
Conclusion
Both Xero and MYOB are excellent accounting software options for Australian businesses, but they serve different needs.
Xero is ideal if you're looking for a modern, user-friendly platform with strong mobile capabilities and extensive integrations. It's perfect for small businesses and startups that want to get started quickly.
MYOB is better suited for established businesses with complex needs, especially those requiring robust inventory management and advanced reporting features.
Both offer free trials, so we recommend trying each platform to see which one fits your workflow best. Remember to consider your business size, feature requirements, and budget when making your decision.
Ready to Get Started?
Both Xero and MYOB offer free trials. Sign up today and see which option works best for your Australian business.
Affiliate Disclosure: This article contains affiliate links. If you click through and make a purchase, we may earn a commission at no additional cost to you. Our recommendations are based on genuine research and testing to help you find the best solutions for your Australian business.