Compare MYOB and Xero 
At a Glance
Market Segments
Small-Business (77.5% of reviews)
Small-Business (67.9% of reviews)
Entry-Level Pricing
Starting at $12.00 Per Month
$13.00 Per Month
MYOB
Star Rating
(42)3.6 out of 5
Market Segments
Small-Business (77.5% of reviews)
Pros & Cons
Entry-Level Pricing
Starting at $12.00 Per Month
Browse all 4 pricing plansXero
Star Rating
(1,612)4.4 out of 5
Market Segments
Small-Business (67.9% of reviews)
Pros & Cons
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.
- G2 reviewers report that Xero excels in user experience, particularly for those without an accounting background. Users appreciate its intuitive design, stating, "I like Xero's usability. It's not designed for accountants but for the average business owner who doesn't have an accounting background."
- Users say that MYOB is recognized for its simplicity and efficiency, with one reviewer noting, "I find MYOB to be time-saving and simple to use." This makes it a solid choice for users looking for straightforward accounting solutions.
- Reviewers mention that Xero's automatic bank reconciliation feature is a standout, with users finding it faster and more accurate than competitors. One user highlighted, "I find Xero's automatic bank reconciliation quite cool," showcasing its effectiveness in streamlining financial tasks.
- According to verified reviews, MYOB provides a reliable platform for generating financial statements automatically, which users find beneficial. A reviewer stated, "It automatically prepares financial statements, making it easy for me to just print them," indicating its utility for users who prioritize efficiency.
- G2 reviewers highlight that Xero's overall satisfaction ratings are significantly higher, reflecting a more favorable user experience. Users have noted, "It has the functionality of a top-tier small business accounting system," which speaks to its comprehensive capabilities.
- Users report that while MYOB is effective in reducing manual tasks, it may not match the advanced features of Xero. One user mentioned, "I appreciate MYOB for providing a centralized system for invoices, bills, payroll bank data, and reports," but it lacks some of the more sophisticated automation features found in Xero.
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
26
8.7
1,274
Ease of Use
7.4
26
9.0
1,326
Ease of Setup
7.1
15
8.8
1,014
Ease of Admin
8.0
5
8.7
402
Quality of Support
6.4
23
8.4
1,183
Has the product been a good partner in doing business?
8.3
5
8.6
396
Product Direction (% positive)
4.6
26
8.8
1,255
Features by Category
Expense Reports
Not enough data
8.7
244
Not enough data
8.9
249
Not enough data
8.6
226
Not enough data
8.6
227
Not enough data
8.5
210
Not enough data
8.3
212
Not enough data
8.8
224
Agentic AI - Expense Management
Not enough data
9.0
104
Not enough data
9.2
104
Travel Management
Not enough data
7.8
191
Not enough data
7.4
183
Not enough data
7.1
181
Not enough data
7.7
186
Client Invoicing
Not enough data
9.1
230
Not enough data
8.8
212
Not enough data
8.6
211
Generative AI - Expense Management
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Mobile
Not enough data
8.4
209
Not enough data
7.7
186
Not enough data
7.4
179
Platform
Not enough data
8.2
170
Not enough data
8.2
172
Administration
Not enough data
8.5
166
Administration
Not enough data
8.4
212
Not enough data
8.5
208
Not enough data
8.3
205
Not enough data
8.2
194
Not enough data
8.6
217
Platform
Not enough data
8.9
243
Not enough data
8.5
199
Not enough data
8.4
188
Not enough data
9.1
220
Not enough data
8.3
203
Not enough data
5.6
166
General Ledger
8.3
11
8.6
672
|
Verified
7.1
8
8.2
625
|
Verified
7.9
11
8.5
641
|
Verified
Accounts Receivable
8.0
9
8.7
705
|
Verified
8.3
7
8.4
609
8.1
7
8.2
610
|
Verified
Accounts Payable
8.6
7
8.5
587
8.3
10
8.7
664
|
Verified
8.1
8
8.5
610
|
Verified
Other Functionality
6.7
10
7.8
545
6.7
8
7.9
539
6.7
8
8.0
525
|
Verified
7.5
8
7.8
563
|
Verified
7.7
8
8.4
589
|
Verified
8.3
12
9.0
751
|
Verified
8.1
13
8.2
594
|
Verified
7.5
6
8.3
585
Reporting & Analytics
7.3
14
8.9
757
|
Verified
7.3
11
8.5
702
|
Verified
7.3
8
8.4
574
|
Verified
6.9
8
8.8
707
|
Verified
Platform
7.5
8
8.2
636
|
Verified
7.1
8
8.2
589
7.5
8
8.6
652
|
Verified
6.3
8
8.2
553
|
Verified
6.9
12
8.8
704
|
Verified
7.0
9
8.6
598
|
Verified
Integration
7.3
8
8.6
642
|
Verified
7.5
8
8.5
575
7.6
7
8.4
619
|
Verified
Cash Flow
7.6
7
8.8
549
|
Verified
7.9
8
9.0
537
|
Verified
8.1
8
8.7
496
|
Verified
Budgeting & Forecasting
7.3
8
8.4
574
|
Verified
7.1
7
8.6
501
|
Verified
6.7
6
8.3
462
|
Verified
7.8
9
8.5
492
|
Verified
Revenue
7.3
8
8.7
517
|
Verified
7.6
9
8.6
502
|
Verified
7.2
6
8.3
470
|
Verified
Payroll
8.1
8
8.2
451
|
Verified
7.1
7
7.9
438
|
Verified
8.0
9
8.4
480
|
Verified
7.9
7
8.7
493
|
Verified
AI
Not enough data
8.2
324
Not enough data
8.7
322
Not enough data
8.6
326
Not enough data
8.3
324
Not enough data
8.4
321
Not enough data
8.0
320
Not enough data
8.9
336
Not enough data
8.7
327
Not enough data
8.5
317
Not enough data
8.4
319
Mobile Applications - Accounting
Not enough data
8.7
326
Not enough data
8.6
306
Not enough data
8.7
336
Not enough data
7.0
281
Not enough data
8.8
310
Not enough data
8.9
317
Agentic AI - Accounting
Not enough data
8.4
279
General Ledger
8.3
11
8.6
672
|
Verified
7.1
8
8.2
625
|
Verified
7.9
11
8.5
641
|
Verified
Accounts Receivable
8.0
9
8.7
705
|
Verified
8.3
7
8.4
609
8.1
7
8.2
610
|
Verified
Accounts Payable
8.6
7
8.5
587
8.3
10
8.7
664
|
Verified
8.1
8
8.5
610
|
Verified
Invoice Generation
Not enough data
8.5
234
Not enough data
9.1
236
Not enough data
9.1
229
Invoice Processing
Not enough data
8.8
225
Not enough data
8.7
224
Not enough data
8.5
221
Not enough data
9.0
232
Analytics
Not enough data
9.1
228
Not enough data
8.7
228
Not enough data
8.3
211
Not enough data
8.8
228
Integration
Not enough data
9.1
237
Not enough data
8.9
231
Not enough data
8.2
212
Not enough data
8.6
231
Agentic AI - Invoice Management
Not enough data
8.6
134
Not enough data
8.6
135
Not enough data
8.3
136
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
Multichannel inventory management
Not enough data
8.9
94
Not enough data
9.0
95
Not enough data
8.8
95
3PL inventory management
Not enough data
9.2
97
Not enough data
9.0
97
Not enough data
9.0
96
Inventory Management
Not enough data
9.2
98
Not enough data
9.1
97
Not enough data
9.0
93
Not enough data
9.0
96
Not enough data
9.4
96
Inventory Management Platform Features
Not enough data
9.3
101
Not enough data
9.3
102
Not enough data
9.1
102
Not enough data
8.9
98
Not enough data
9.1
98
Not enough data
9.3
102
Not enough data
9.1
100
Not enough data
9.4
98
Not enough data
9.5
101
Not enough data
9.5
101
Bill Generation
Not enough data
8.4
220
Not enough data
8.8
225
Not enough data
8.9
226
Bill Processing
Not enough data
8.3
216
Not enough data
8.5
217
Not enough data
8.8
220
Integration
Not enough data
8.9
230
Not enough data
8.8
225
Not enough data
8.1
209
Agentic AI - Billing
Not enough data
8.6
129
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
Agentic AI - Accounting & Finance
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
35.9%
Building Materials
5.1%
Civic & Social Organization
5.1%
Computer Software
5.1%
Construction
5.1%
Other
43.6%
Accounting
20.0%
Information Technology and Services
10.0%
Computer Software
6.7%
Marketing and Advertising
5.1%
Consulting
3.5%
Other
54.8%
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
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