Compare MYOB and Xero 
At a Glance
Market Segments
Small-Business (74.2% of reviews)
Small-Business (78.3% of reviews)
Entry-Level Pricing
Starting at $12.00 Per Month
$13.00 Per Month
MYOB
Star Rating
(32)3.6 out of 5
Market Segments
Small-Business (74.2% of reviews)
Entry-Level Pricing
Starting at $12.00 Per Month
Browse all 4 pricing plansXero
Star Rating
(719)4.3 out of 5
Market Segments
Small-Business (78.3% of reviews)
Entry-Level Pricing
$13.00 Per Month
Free Trial is available
Browse all 3 pricing plansSummary
AI Generated Summary
AI-generated. Powered by real user reviews.
- Users report that Xero excels in "Ease of Use" with a score of 8.7, while MYOB lags behind at 7.2. Reviewers mention that Xero's intuitive interface makes navigation straightforward, which is particularly beneficial for small business owners who may not have extensive accounting experience.
- Reviewers mention that Xero's "Bank / Credit Card Integration" is rated at 8.7, significantly higher than MYOB's 7.2. Users on G2 appreciate how Xero seamlessly connects with various banks, allowing for easier reconciliation and management of transactions.
- Users say that Xero's "Digital Invoices" feature scores an impressive 8.5, compared to MYOB's 7.9. Reviewers highlight that Xero allows for easy customization of invoices, which helps businesses maintain their branding and professionalism in client communications.
- G2 users report that Xero's "Quality of Support" is rated at 7.8, while MYOB's support is rated lower at 6.3. Users mention that Xero's customer service is responsive and helpful, which is crucial for businesses needing timely assistance.
- Reviewers mention that Xero's "Expense Reports" feature, with a score of 7.9, is more user-friendly compared to MYOB's offerings. Users appreciate Xero's smart categorization and digital receipt management, which streamline the expense tracking process.
- Users on G2 report that Xero's "Product Direction" is rated at 8.2, indicating a positive outlook for future updates and features, while MYOB's score of 4.2 suggests concerns about its development trajectory. Reviewers express confidence in Xero's commitment to innovation and improvement.
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Pricing
Entry-Level Pricing
MYOB
MYOB Business Lite
Starting at $12.00
Per Month
For sole traders and businesses just getting started with accounting software
- Track income and expenses
- Create and send unlimited professional invoices and quotes
- Accept payments
Xero
Starter / Early
$13.00
Per Month
Good for sole traders, new businesses, and the self-employed.
- Send quotes and 20 invoices
- Enter 5 bills
- Reconcile bank transactions
Free Trial
MYOB
Free Trial is available
Xero
Free Trial is available
Ratings
Meets Requirements
7.2
18
8.5
571
Ease of Use
7.2
18
8.7
587
Ease of Setup
7.4
7
8.3
290
Ease of Admin
Not enough data
8.6
242
Quality of Support
6.3
15
7.8
512
Has the product been a good partner in doing business?
Not enough data
8.4
236
Product Direction (% positive)
4.2
18
8.2
557
Features by Category
Expense Reports
Not enough data
7.9
66
Not enough data
8.7
64
Not enough data
7.8
57
Not enough data
8.2
61
Not enough data
7.8
60
Not enough data
7.9
57
Not enough data
8.3
58
Travel Management
Not enough data
7.5
57
Not enough data
6.2
53
Not enough data
5.6
51
Not enough data
7.2
54
Client Invoicing
Not enough data
8.8
63
Not enough data
8.5
59
Not enough data
7.8
60
Mobile
Not enough data
7.7
61
Not enough data
6.6
50
Not enough data
6.0
50
Platform
Not enough data
6.8
52
Not enough data
6.7
54
Administration
Not enough data
7.1
47
Administration
Not enough data
7.9
66
Not enough data
7.8
64
Not enough data
7.7
65
Not enough data
7.6
59
Not enough data
8.3
66
Platform
Not enough data
8.3
69
Not enough data
8.3
60
Not enough data
7.8
57
Not enough data
8.8
67
Not enough data
7.6
58
Not enough data
5.7
54
General Ledger
8.3
8
8.4
301
|
Verified
7.2
6
7.9
267
|
Verified
8.3
7
8.3
279
|
Verified
Accounts Receivable
7.9
7
8.5
315
|
Verified
8.3
5
8.0
230
8.7
5
7.9
253
|
Verified
Accounts Payable
9.0
5
8.1
228
8.6
7
8.4
285
|
Verified
8.3
6
8.2
263
|
Verified
Other Functionality
7.2
6
7.3
214
6.7
6
7.4
218
7.2
6
7.5
210
|
Verified
8.3
5
7.5
236
|
Verified
8.1
6
8.2
265
|
Verified
8.5
8
8.8
310
|
Verified
8.1
8
7.9
247
|
Verified
8.0
5
7.9
254
Reporting & Analytics
7.9
8
8.7
321
|
Verified
8.3
7
8.4
306
|
Verified
7.8
6
7.9
229
|
Verified
7.5
6
8.6
321
|
Verified
Platform
8.3
6
7.9
276
|
Verified
7.8
6
7.9
266
8.1
6
8.5
309
|
Verified
7.5
6
8.0
234
|
Verified
7.5
8
8.7
315
|
Verified
8.3
7
8.4
279
|
Verified
Integration
7.8
6
8.4
296
|
Verified
9.0
5
8.4
221
8.0
5
8.2
259
|
Verified
Cash Flow
8.1
6
8.3
189
|
Verified
8.3
7
8.7
210
|
Verified
8.3
7
8.5
191
|
Verified
Budgeting & Forecasting
7.8
6
7.9
229
|
Verified
7.2
6
8.4
187
|
Verified
7.3
5
7.9
158
|
Verified
7.9
8
8.2
184
|
Verified
Revenue
7.6
7
8.5
197
|
Verified
7.7
8
8.3
191
|
Verified
7.3
5
7.7
168
|
Verified
Payroll
8.1
7
7.8
152
|
Verified
7.5
6
7.2
144
|
Verified
8.5
8
8.1
178
|
Verified
8.3
6
8.6
189
|
Verified
AI
Not enough data
6.5
24
Not enough data
6.6
24
Not enough data
6.6
24
Not enough data
6.0
24
Not enough data
6.5
25
Not enough data
5.7
23
Not enough data
7.7
24
Not enough data
7.3
22
Not enough data
6.3
23
Not enough data
6.5
23
Mobile Applications - Accounting
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
General Ledger
8.3
8
8.4
301
|
Verified
7.2
6
7.9
267
|
Verified
8.3
7
8.3
279
|
Verified
Accounts Receivable
7.9
7
8.5
315
|
Verified
8.3
5
8.0
230
8.7
5
7.9
253
|
Verified
Accounts Payable
9.0
5
8.1
228
8.6
7
8.4
285
|
Verified
8.3
6
8.2
263
|
Verified
Invoice Generation
Not enough data
7.9
74
Not enough data
8.6
73
Not enough data
8.6
70
Invoice Processing
Not enough data
7.9
69
Not enough data
8.1
70
Not enough data
7.5
70
Not enough data
8.6
77
Analytics
Not enough data
8.5
72
Not enough data
8.0
72
Not enough data
7.6
66
Not enough data
8.3
74
Integration
Not enough data
9.0
78
Not enough data
8.4
73
Not enough data
7.4
66
Not enough data
8.1
75
Accounting
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Back Office
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Front Office
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Integration
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Logistics
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Platform
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Production
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Reporting & Analytics
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Generative AI
Feature Not Available
Not enough data
Feature Not Available
Not enough data
Multichannel inventory management
Not enough data
7.9
23
Not enough data
8.3
23
Not enough data
7.7
23
3PL inventory management
Not enough data
8.6
24
Not enough data
8.0
24
Not enough data
8.1
23
Inventory Management
Not enough data
8.5
24
Not enough data
8.1
24
Not enough data
8.2
23
Not enough data
8.0
23
Not enough data
8.8
23
Inventory Management Platform Features
Not enough data
8.3
24
Not enough data
8.6
25
Not enough data
7.9
25
Not enough data
7.8
23
Not enough data
7.8
23
Not enough data
8.3
26
Not enough data
8.0
24
Not enough data
8.6
23
Not enough data
8.9
25
Not enough data
9.1
25
Bill Generation
Not enough data
7.5
71
Not enough data
8.1
73
Not enough data
8.2
74
Bill Processing
Not enough data
7.2
73
Not enough data
7.8
72
Not enough data
8.0
73
Integration
Not enough data
8.6
82
Not enough data
8.2
76
Not enough data
7.1
66
Communication
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Collaboration
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Billing
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Onboarding
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Visibility
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Categories
Categories
Shared Categories
MYOB and Xero are categorized as Accounting
Unique Categories
MYOB is categorized as Accounting Practice Management and ERP Systems
Xero is categorized as Invoice Management, Inventory Control, Expense Management, Billing, and Nonprofit Accounting
Reviews
Reviewers' Company Size
MYOB
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Xero
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Small-Business
(50 or fewer emp.)
Mid-Market
(51-1000 emp.)
Enterprise
(> 1000 emp.)
Reviewers' Industry
Accounting
29.0%
Printing
6.5%
Financial Services
6.5%
Construction
6.5%
Computer Software
6.5%
Other
45.2%
Accounting
24.9%
Computer Software
8.8%
Information Technology and Services
7.7%
Marketing and Advertising
5.8%
Financial Services
3.3%
Other
49.4%
Most Helpful Reviews
MYOB
Most Helpful Favorable Review
Verified User in Accounting
MYOB was good before but they havent updated it, Just increased the pricing. Looking at the market products and pricing of products like quickbook and Xero
Most Helpful Critical Review
Kelly B.
Verified User in Museums and Institutions
That you need to know what you want and then figure out how to get it. Not for beginners.
Xero
Most Helpful Favorable Review
Dave O.
Verified User in Telecommunications
I switched from Quickbooks because Xero is online. Since then I've grown to love many other things compared to Quickbooks. Bank feeds make data entry minimal and bank recs easy. Xero is rapidly growing and improving. Some features were limited a few years...
Most Helpful Critical Review
Dimitri S.
Verified User in Broadcast Media
As business grew I noticed most features felt unpolished and were lacking functionality that would make them feel complete. To add the functionality that you expect would have been built in required several apps each with their own monthly fee. Some...
Verified User in Accounting
MYOB was good before but they havent updated it, Just increased the pricing. Looking at the market products and pricing of products like quickbook and Xero
Dave O.
Verified User in Telecommunications
I switched from Quickbooks because Xero is online. Since then I've grown to love many other things compared to Quickbooks. Bank feeds make data entry minimal and bank recs easy. Xero is rapidly growing and improving. Some features were limited a few years...
Kelly B.
Verified User in Museums and Institutions
That you need to know what you want and then figure out how to get it. Not for beginners.
Dimitri S.
Verified User in Broadcast Media
As business grew I noticed most features felt unpolished and were lacking functionality that would make them feel complete. To add the functionality that you expect would have been built in required several apps each with their own monthly fee. Some...
Alternatives
Discussions
What does MYOB software do?
1 comment
DD
MYOB does the accounting process of recording, storing and categorising transaction data into an organised and concise financial information that can be...Read more
MYOB has no more discussions with answers
We run almost everything on Xero ourselves but can you recommend a remote bookkeeper who understands UK tax issues who I can consult occasionally to sort things out for me in the system.
2 comments
IC
Xero's advisor directory can help you find an accountant nearby.Read more
What is Xero software used for?
2 comments
BA
The process of recording financial transactions and managing financial records.Read more
Is XERO a good accounting software?
2 comments
RB
Xerox is user-friendly accounting software. Read more
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