Xero vs MYOB: Which Accounting Software for Australian Businesses?

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Overview

Choosing between Xero and MYOB is one of the most common decisions for Australian small businesses. Both are market leaders with strong ATO integration, GST handling, and BAS reporting. Here we compare them head-to-head.

Pricing

Xero starts at $29 AUD per month for the Starter plan, which includes 20 invoices and 5 bills per month. The Standard plan at $58 AUD adds bulk reconciliation and multi-currency.

MYOB offers plans from $25 AUD per month. Their Business plan includes unlimited invoices and is popular with growing businesses.

Key Differences

Xero is known for its clean interface and strong third-party app ecosystem. MYOB has deeper roots in Australian accounting and some practitioners prefer it for complex setups.

Verdict

Both are excellent choices. Xero suits businesses that value simplicity and integrations. MYOB suits those who want more local support and familiarity.

Try Xero Try MYOB

Frequently Asked Questions

Which is better for GST?

Both handle GST, BAS, and ATO reporting well. The choice comes down to preference and your accountant's recommendation.

Can I switch between Xero and MYOB?

Yes, but migration can be time-consuming. It's worth getting the choice right from the start.

Do they support ABN and TFN?

Yes. Both integrate with the ATO for ABN lookup and tax file number handling where required.