Accounting Software

MYOB vs Xero

Both are accounting software. The short answer: choose MYOB if you are australian and New Zealand small businesses needing accounting and payroll; choose Xero if you are small businesses and accountants in the UK, Australia and New Zealand.

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MYOB logo MYOBXero logo Xero
Best forAustralian and New Zealand small businesses needing accounting and payrollSmall businesses and accountants in the UK, Australia and New Zealand
Free planNo (trial may exist)No (trial may exist)
PricingSee providerSee provider
Built for IndiaGlobalGlobal
CategoriesAccounting Software, HR & Payroll SoftwareBilling & Invoicing Software, Accounting Software
Strengths
  • Built for Australian GST and payroll rules
  • STP payroll reporting
  • Widely known by local accountants
  • Clean, fast reconciliation
  • Unlimited users on plans
  • Big integration marketplace
Watch out for
  • Australia and New Zealand only
  • Older products being replaced
  • Payroll availability depends on country
  • Lower plans cap some transactions
Visit MYOBVisit Xero

Which should you choose?

MYOB: Accounting and payroll software for Australia and New Zealand with GST, BAS lodgement and Single Touch Payroll.

Xero: Cloud accounting platform known for bank reconciliation, invoicing and a large app marketplace.

The best way to decide is to run the same week of real work through both — most offer a free plan or trial — and compare how long tasks take, what your team prefers, and the total cost for your number of users including renewal pricing.

Not sure either fits? See all accounting software compared.