Accounting Software January 2026
Xero vs MYOB: Complete Comparison 2026
Choosing the right accounting software is crucial for Australian small businesses. We compare Xero and MYOB to help you make the best decision.
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Xero
Best for Small Businesses ★ 4.4
1.361 reviews Cloud-based accounting software designed for small businesses with a modern, intuitive interface. Perfect for Australian businesses needing GST compliance and ATO integration.
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
Key Features
✓ Cloud-based accounting platform
✓ GST and BAS preparation
✓ Bank reconciliation automation
✓ Invoice creation and management
✓ Expense tracking and categorization
✓ Financial reporting and analytics
✓ Multi-currency support
✓ ATO integration
✓ Mobile app for iOS and Android
✓ Extensive third-party integrations
✓ Payroll management
✓ Inventory tracking
Pros & Cons
✓ 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
Best For
- • Small to medium-sized businesses
- • Businesses wanting modern cloud accounting
- • Companies needing strong mobile access
- • Businesses that value integrations
Ready to Get Started?
Xero offers a free trial. Sign up today and see if it's the right solution for your Australian business.
Try Xero Free Trial →Affiliate Disclosure: This page 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.
Articles & Comparisons Featuring Xero
Explore our in-depth articles and comparisons that feature Xero to help you make informed decisions.
Accounting Software January 2026
Xero vs QuickBooks vs MYOB: Complete Comparison for Australian Businesses
Choosing between Xero, QuickBooks Online, and MYOB can be challenging for Australian small businesses. Each platform offers unique strengths. We compare all three to help you make the best decision for your business.
Read Article → Accounting Software January 2026
Best Accounting Software for Australian Small Business 2026
Finding the right accounting software is essential for Australian small businesses. With GST compliance, BAS preparation, and ATO integration requirements, you need a solution that understands local needs. We've reviewed the top accounting software options to help you choose.
Read Article →