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Xero vs MYOB Business: Which is a better fit?

Updated on January 22nd, 2025
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What's your intended use case?
Summary
Key features rated by users
Features selected based on 9,394 reviews from Accounting users.
% Fit
High performer
Feature ratings
Income & Balance Sheet
4.5
Document Management
4.7
Financial Reporting
4.4
Financial Management
4.5
Billing & Invoicing
4.6
% Fit
Not enough reviews
Feature ratings
Income & Balance Sheet
4.4
Document Management
--
Financial Reporting
3.8
Financial Management
4.0
Billing & Invoicing
4.1
User satisfaction
4.4
User reviews3,113
Ease of use
4.3
Functionality
4.3
Value for money
4.2
Customer support
4.0
3.8
User reviews143
Ease of use
3.8
Functionality
3.7
Value for money
3.5
Customer support
3.3
Price starts from
Monthly subscription
Free version
Free trial
Monthly subscription
Free version
Free trial
Best for

Accounting for Small Business

The MYOB Business range is designed for businesses from sole traders, to growing operations and even established companies of up to 19 employees in Australia and New Zealand.

User reviews
pros & cons
1 / 4
View Reviews
1 / 4
View Reviews
Video reviews
video-02a459cb-ea7a-40f7-82fc-08dbcf6d3658
Nigel E
Managing Director
5.0

Nigel: My name is Nigel. I'm the Managing Director of my own company, D13 Solutions. We are a consultant company using Xero, which I'm rating five out of five. Xero was recommended to us by our accountants. They had options for products like Sage and some other products as well. They showed us two or three of those products, and we chose Xero from that list. We chose Xero because Xero was the most usable of the products. So the interface was very simple, but it also suited the way we work. So inability to do what we needed to do in the shortest possible time, in the easiest way. Xero gave us the best options out of all of the things we looked at. So we switched to Xero from our previous package. That was really straightforward. But for everything we use it for, which is invoicing, quotes, purchase orders, it's all really good. It's really straightforward and simple to use. We use it in multiple currencies as well, and it supports that very well indeed. But we've integrated things like the company credit cards, so everybody's credit card is integrated into the system, so it really works nice and simple. So things like my month end when I'm doing all my reconciliations, those take a matter of a couple of hours, not a couple of days. Xero has been a game changer for us. It's made my life more simple. It's kept my costs down. This means I haven't got to go and find someone external to my bookkeeping because it's all simple and easy to use within the app. I would recommend anybody to try Xero. It may not be for everyone, but it's certainly worth trying. And with a free trial available, why would you not?

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User interface
120109 video thumbnail}
1 Video
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3 screenshots
183867
5 screenshots
Do these products fit your needs?

Prioritize real-user-identified key features according to your needs to find your best fit.

Logo Img
--%
Logo Img
--%
Access Controls/Permissions
207
Important
Accounts Payable
388
Important

Xero

Top Features
35/43
  • Audit Management
  • Chart of Accounts
  • Data Security
  • Encryption
  • Financial Consolidation & Close Management
  • Multi-Location
  • Reminders
  • Workflow Management
  • Access Controls/Permissions
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • API
  • Approval Process Control
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Cash Flow Management
  • Compliance Management
  • Currency Conversion
  • Document Management
  • Expense Tracking
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Mobile Access
  • Multi-Currency
  • Payment Processing
  • Payroll Management
  • Project Accounting
  • Purchase Order Management
  • Quotes/Estimates
  • Receipt Management
  • Recurring/Subscription Billing
  • Sales Tax Management
  • Status Tracking
  • Tax Management
  • Third-Party Integrations
See All features
Hide Accounting Software Features -

MYOB Business

32/43
Show Accounting Software Features +
Xero
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
MYOB Business
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Xero
  • By Xero
  • Located in New Zealand
  • Founded in 2006
MYOB Business
  • By MYOB
  • Located in Australia
  • Founded in 1991
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