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Compare MYOB and Xero

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MYOB
MYOB
(40)
3.8 out of 5
MYOB
By MYOB
Xero
Xero
(1,565)
4.4 out of 5
Xero
By Xero
At a Glance
MYOB
MYOB
Star Rating
(40)3.8 out of 5
Market Segments
Small-Business (76.3% of reviews)
Information
Pros & Cons
Entry-Level Pricing
Starting at $12.00 Per Month
Browse all 4 pricing plans
Xero
Xero
Star Rating
(1,565)4.4 out of 5
Market Segments
Small-Business (66.8% of reviews)
Information
Pros & Cons
Entry-Level Pricing
$13.00 Per Month
Free Trial is available
Browse all 3 pricing plans
AI Generated Summary
AI-generated. Powered by real user reviews.
  • G2 reviewers report that Xero excels in user experience, with many praising its clean interface that makes accounting feel less daunting. Users appreciate features like automated bank reconciliations, which simplify the process to just a few clicks, enhancing daily usability.
  • Users say that MYOB is straightforward and time-saving, particularly highlighting its ability to automatically prepare financial statements. This feature allows users to efficiently print reports without getting bogged down in complex processes, making it a reliable choice for small businesses.
  • According to verified reviews, Xero stands out for its high-quality support, with users noting the helpfulness of the customer service team. This support is crucial for businesses that may need assistance during setup or when navigating more complex features.
  • Reviewers mention that while MYOB is generally easy to use, some users find it less intuitive than Xero, particularly when it comes to integrating with other applications. This can lead to challenges for businesses looking to streamline their workflows with additional tools.
  • Users highlight Xero's strong performance in automation features, such as accounts receivable and payment processing, which help reduce manual tasks. This automation is a significant advantage for users looking to save time and minimize errors in their financial processes.
  • G2 reviewers note that while MYOB provides a centralized system for managing invoices and payroll, it sometimes lacks the advanced customization options that Xero offers. This can limit flexibility for businesses that require tailored solutions to fit their unique needs.
Pricing
Entry-Level Pricing
MYOB
MYOB Business Lite
Starting at $12.00
Per Month
Browse all 4 pricing plans
Xero
Starter / Early
$13.00
Per Month
Browse all 3 pricing plans
Free Trial
MYOB
Free Trial is available
Xero
Free Trial is available
Ratings
Meets Requirements
7.5
24
8.8
1,268
Ease of Use
7.6
24
9.0
1,321
Ease of Setup
7.6
13
8.8
1,014
Ease of Admin
8.0
5
8.7
386
Quality of Support
6.7
21
8.4
1,186
Has the product been a good partner in doing business?
8.3
5
8.6
380
Product Direction (% positive)
4.7
24
8.8
1,252
Features by Category
Expense ManagementHide 33 FeaturesShow 33 Features
Not enough data
8.5
358
Expense Reports
Not enough data
8.9
283
Not enough data
9.1
285
Not enough data
8.7
261
Not enough data
8.8
267
Not enough data
8.7
249
Not enough data
8.6
252
Not enough data
8.9
263
Agentic AI - Expense Management
Not enough data
9.2
141
Not enough data
9.3
140
Travel Management
Not enough data
8.1
233
Not enough data
7.8
221
Not enough data
7.5
216
Not enough data
8.0
222
Client Invoicing
Not enough data
9.2
269
Not enough data
8.9
251
Not enough data
8.8
245
Mobile
Not enough data
8.6
249
Not enough data
8.1
223
Not enough data
7.8
216
Platform
Not enough data
8.5
207
Not enough data
8.5
210
Administration
Not enough data
8.7
202
Administration
Not enough data
8.6
248
Not enough data
8.7
248
Not enough data
8.5
241
Not enough data
8.5
231
Not enough data
8.8
252
Platform
Not enough data
9.0
278
Not enough data
8.7
235
Not enough data
8.6
225
Not enough data
9.2
256
Not enough data
8.5
241
Not enough data
5.4
191
AccountingHide 61 FeaturesShow 61 Features
7.6
14
8.5
1,131
General Ledger
8.3
11
8.6
714
|
Verified
7.1
8
8.3
670
|
Verified
7.9
11
8.6
692
|
Verified
Accounts Receivable
8.0
9
8.7
752
|
Verified
8.3
7
8.5
651
8.1
7
8.3
660
|
Verified
Accounts Payable
8.6
7
8.6
633
8.3
10
8.8
712
|
Verified
8.1
8
8.6
658
|
Verified
Other Functionality
7.4
9
7.9
597
6.7
8
8.0
591
6.7
8
8.2
576
|
Verified
7.4
7
7.9
609
|
Verified
7.7
8
8.5
640
|
Verified
8.3
12
9.0
781
|
Verified
8.1
12
8.2
638
|
Verified
7.5
6
8.5
637
Reporting & Analytics
7.9
12
9.0
787
|
Verified
7.3
11
8.6
741
|
Verified
7.3
8
8.5
628
|
Verified
6.9
8
8.8
751
|
Verified
Platform
7.5
8
8.3
680
|
Verified
7.1
8
8.3
641
7.5
8
8.6
696
|
Verified
6.3
8
8.3
601
|
Verified
7.1
11
8.9
739
|
Verified
7.0
9
8.7
646
|
Verified
Integration
7.3
8
8.6
688
|
Verified
7.9
7
8.6
616
7.6
7
8.5
652
|
Verified
Cash Flow
7.6
7
8.8
592
|
Verified
7.9
8
9.1
588
|
Verified
8.1
8
8.8
546
|
Verified
Budgeting & Forecasting
7.3
8
8.5
628
|
Verified
7.1
7
8.7
552
|
Verified
6.7
6
8.4
511
|
Verified
7.8
9
8.6
542
|
Verified
Revenue
7.3
8
8.7
566
|
Verified
7.6
9
8.7
553
|
Verified
7.2
6
8.4
523
|
Verified
Payroll
8.1
8
8.3
498
|
Verified
7.1
7
8.1
484
|
Verified
8.0
9
8.5
525
|
Verified
7.9
7
8.8
541
|
Verified
AI
Not enough data
8.4
376
Not enough data
8.9
377
Not enough data
8.7
380
Not enough data
8.5
373
Not enough data
8.5
369
Not enough data
8.1
367
Not enough data
9.0
383
Not enough data
8.8
377
Not enough data
8.7
365
Not enough data
8.5
365
Mobile Applications - Accounting
Not enough data
8.9
377
Not enough data
8.8
353
Not enough data
8.8
377
Not enough data
6.9
318
Not enough data
9.0
363
Not enough data
9.0
370
Agentic AI - Accounting
Not enough data
8.5
329
Nonprofit AccountingHide 9 FeaturesShow 9 Features
Not enough data
9.0
1,013
General Ledger
8.3
11
8.6
714
|
Verified
7.1
8
8.3
670
|
Verified
7.9
11
8.6
692
|
Verified
Accounts Receivable
8.0
9
8.7
752
|
Verified
8.3
7
8.5
651
8.1
7
8.3
660
|
Verified
Accounts Payable
8.6
7
8.6
633
8.3
10
8.8
712
|
Verified
8.1
8
8.6
658
|
Verified
Invoice ManagementHide 18 FeaturesShow 18 Features
Not enough data
8.9
338
Invoice Generation
Not enough data
8.7
270
Not enough data
9.2
277
Not enough data
9.2
271
Invoice Processing
Not enough data
8.9
264
Not enough data
8.9
265
Not enough data
8.7
259
Not enough data
9.2
272
Analytics
Not enough data
9.2
265
Not enough data
8.9
264
Not enough data
8.5
247
Not enough data
9.0
269
Integration
Not enough data
9.2
279
Not enough data
9.1
274
Not enough data
8.4
246
Not enough data
8.8
271
Agentic AI - Invoice Management
Not enough data
8.9
169
Not enough data
8.9
172
Not enough data
8.7
173
ERP SystemsHide 85 FeaturesShow 85 Features
Not enough data
Not enough data
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
Not enough data
Not enough data
Not enough data
Not enough data
Agentic AI - ERP Systems
Not enough data
Not enough data
Inventory ControlHide 21 FeaturesShow 21 Features
Not enough data
9.2
155
Multichannel inventory management
Not enough data
9.0
119
Not enough data
9.1
120
Not enough data
9.0
120
3PL inventory management
Not enough data
9.3
123
Not enough data
9.2
123
Not enough data
9.0
121
Inventory Management
Not enough data
9.2
126
Not enough data
9.1
125
Not enough data
9.1
116
Not enough data
9.1
122
Not enough data
9.5
122
Inventory Management Platform Features
Not enough data
9.3
128
Not enough data
9.3
131
Not enough data
9.2
128
Not enough data
9.1
126
Not enough data
9.2
125
Not enough data
9.4
133
Not enough data
9.2
129
Not enough data
9.5
127
Not enough data
9.6
132
Not enough data
9.6
131
BillingHide 10 FeaturesShow 10 Features
Not enough data
8.8
309
Bill Generation
Not enough data
8.7
250
Not enough data
9.0
258
Not enough data
9.0
257
Bill Processing
Not enough data
8.6
248
Not enough data
8.8
250
Not enough data
8.9
251
Integration
Not enough data
9.1
266
Not enough data
8.9
261
Not enough data
8.4
236
Agentic AI - Billing
Not enough data
8.9
160
Accounting Practice ManagementHide 21 FeaturesShow 21 Features
Not enough data
Not enough data
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
Agentic AI - Accounting Practice Management
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Accounting & FinanceHide 1 FeatureShow 1 Feature
Not enough data
Not enough data
Agentic AI - Accounting & Finance
Not enough data
Not enough data
Categories
Categories
Shared Categories
MYOB
MYOB
Xero
Xero
MYOB and Xero are categorized as Accounting
Unique Categories
MYOB
MYOB is categorized as Accounting Practice Management and ERP Systems
Xero
Reviews
Reviewers' Company Size
MYOB
MYOB
Small-Business(50 or fewer emp.)
76.3%
Mid-Market(51-1000 emp.)
23.7%
Enterprise(> 1000 emp.)
0%
Xero
Xero
Small-Business(50 or fewer emp.)
66.8%
Mid-Market(51-1000 emp.)
27.7%
Enterprise(> 1000 emp.)
5.5%
Reviewers' Industry
MYOB
MYOB
Accounting
37.8%
Printing
5.4%
Financial Services
5.4%
Construction
5.4%
Computer Software
5.4%
Other
40.5%
Xero
Xero
Accounting
19.6%
Information Technology and Services
9.5%
Computer Software
6.5%
Marketing and Advertising
5.4%
Consulting
3.3%
Other
55.7%
Alternatives
MYOB
MYOB Alternatives
Acumatica
Acumatica
Add Acumatica
SAP Cloud ERP (formerly SAP S/4HANA Cloud)
SAP Cloud ERP (formerly SAP S/4HANA Cloud)
Add SAP Cloud ERP (formerly SAP S/4HANA Cloud)
NetSuite
NetSuite
Add NetSuite
Sage Intacct
Sage Intacct
Add Sage Intacct
Xero
Xero Alternatives
NetSuite
NetSuite
Add NetSuite
QuickBooks Online
QuickBooks Online
Add QuickBooks Online
FreshBooks
FreshBooks
Add FreshBooks
Sage Intacct
Sage Intacct
Add Sage Intacct
Discussions
MYOB
MYOB Discussions
What does MYOB software do?
1 Comment
Daisy D.
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
Monty the Mongoose crying
MYOB has no more discussions with answers
See all discussions
Xero
Xero Discussions
What is Xero software used for?
3 Comments
Bryant A.
BA
Bookkeeping and Accounting. Read more
Is XERO a good accounting software?
3 Comments
RB
Xerox is user-friendly accounting software. Read more
What is Xero used for?
3 Comments
Mitesh P.
MP
Accounting, bookkeeping, tax return, payroll, expenses management etc. For small or medium businessRead more
See all discussions
Ask MYOB a QuestionContact MYOB
Ask Xero a QuestionContact Xero

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MYOB
MYOB
Xero
Xero