Choosing the right accounting software can transform how you run your business. While both Xero and MYOB dominate Australia’s cloud accounting market, Xero consistently delivers superior value, ease of use, and innovation for small to medium-sized businesses.
Why Xero Outshines MYOB
Built for the Cloud from Day One
Xero revolutionized accounting when it launched in 2006 as the first truly cloud-native platform. Unlike MYOB—which adapted its decades-old desktop software for the cloud—Xero was designed from scratch for an internet-connected world. This gives Xero a cleaner interface, smoother functionality, and seamless updates that never disrupt your workflow.
Unbeatable User Experience
Xero’s intuitive design means less training time and faster onboarding. Most businesses find their teams productive within hours, not days. The platform works flawlessly on both Windows and Mac, plus mobile apps for iOS and Android keep you connected wherever business takes you.
Transparent, Value-Packed Pricing
Xero offers straightforward pricing tiers that deliver exceptional functionality at every level:
- Starter: $29/month – Perfect for new businesses
- Standard: $46/month – Ideal for growing companies
- Premium 5: $69/month – Advanced features for established businesses
Compare this to MYOB’s fragmented approach, where basic plans lack essential features and premium tiers jump to $46-$69/month.
90% off for 4 Months
Superior Features That Matter
Unlimited Bank Connections: Xero gives you unlimited bank feeds on all plans. MYOB restricts its cheapest plan to just 2 bank accounts.
Robust Reporting: Xero’s customizable reports and analytics put you in control. Generate multiple reports simultaneously and tailor them to your exact needs—something MYOB’s limited reporting can’t match.
Inventory Management: Track up to 4,000 items on every Xero plan. MYOB limits basic plans to just 10 items.
Continuous Data: Never worry about end-of-year rollover. Xero operates continuously, while MYOB’s AccountRight plans require manual year-end processes.
The Xero Ecosystem Advantage
With over 1,000 third-party integrations available since 2011, Xero has perfected the art of customization. Whether you need advanced inventory management, project tracking, or specialized industry tools, Xero’s marketplace has you covered. MYOB only opened its API in 2015 and still plays catch-up in this arena.
What About MYOB’s Advantages?
To be fair, MYOB does excel in one key area: unlimited payroll processing. If you’re managing hundreds of employees, MYOB’s structure might offer cost savings. MYOB also provides phone support during business hours—something Xero doesn’t offer.
However, Xero compensates with exceptional online resources, active community forums, and comprehensive documentation that answers questions faster than any phone queue.
The Bottom Line
For most Australian SMBs, Xero is the clear winner. It delivers better value, superior functionality, and an unmatched user experience. Industry advisors consistently recommend Xero over MYOB, citing its modern design, continuous innovation, and time-saving capabilities.
Ready to see the difference yourself? Xero offers a 30-day free trial on all plans—no credit card required.
