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Compare MYOB and Xero 
At a Glance
Market Segments
Small-Business (74.2% of reviews)
Small-Business (78.6% 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
(741)4.3 out of 5
Market Segments
Small-Business (78.6% 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, making it more user-friendly compared to MYOB's score of 7.2. Reviewers mention that the intuitive interface allows for quicker navigation and less time spent on training.
- Reviewers mention that Xero's "Digital Invoices" feature, rated at 8.5, is highly appreciated for its customization options, while MYOB's similar feature only scores 7.9. Users say that Xero allows for more personalized branding on invoices, which is crucial for small businesses.
- G2 users highlight Xero's superior "Bank / Credit Card Integration" with a score of 8.7, compared to MYOB's lack of a specific score in this area. Users report that Xero's seamless integration with various banks simplifies reconciliation processes significantly.
- Users on G2 mention that MYOB shines in "AP Automation" with a score of 9.0, outperforming Xero's score of 8.1. Reviewers say that MYOB's automation features help streamline accounts payable processes, making it easier to manage vendor payments.
- Reviewers mention that Xero's "Expense Reports" feature, rated at 7.9, is more efficient than MYOB's offerings, which lack a specific score. Users report that Xero's smart categorization and digital receipt management make tracking expenses straightforward and less time-consuming.
- Users say that Xero's "Quality of Support" is rated at 7.8, which is significantly better than MYOB's 6.3. Reviewers mention that Xero's customer service is responsive and helpful, which is a critical factor for businesses needing timely assistance.
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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
592
Ease of Use
7.2
18
8.7
609
Ease of Setup
7.4
7
8.2
310
Ease of Admin
Not enough data
8.6
249
Quality of Support
6.3
15
7.8
530
Has the product been a good partner in doing business?
Not enough data
8.4
244
Product Direction (% positive)
4.2
18
8.2
577
Features by Category
Expense Reports
Not enough data
7.9
74
Not enough data
8.6
73
Not enough data
7.8
65
Not enough data
8.1
69
Not enough data
7.8
68
Not enough data
7.8
65
Not enough data
8.3
66
Agentic AI - Expense Management
Not enough data
Not enough data
Not enough data
Not enough data
Travel Management
Not enough data
7.4
63
Not enough data
6.0
59
Not enough data
5.5
57
Not enough data
7.0
61
Client Invoicing
Not enough data
8.8
70
Not enough data
8.5
66
Not enough data
7.9
67
Mobile
Not enough data
7.8
67
Not enough data
6.6
56
Not enough data
6.0
56
Platform
Not enough data
6.8
57
Not enough data
6.7
60
Administration
Not enough data
7.1
53
Administration
Not enough data
7.9
73
Not enough data
7.8
70
Not enough data
7.8
72
Not enough data
7.6
65
Not enough data
8.3
72
Platform
Not enough data
8.3
76
Not enough data
7.9
67
Not enough data
7.8
64
Not enough data
8.6
75
Not enough data
7.6
64
Not enough data
5.8
60
General Ledger
8.3
8
8.4
317
|
Verified
7.2
6
7.9
283
|
Verified
8.3
7
8.3
294
|
Verified
Accounts Receivable
7.9
7
8.5
331
|
Verified
8.3
5
8.0
246
8.7
5
7.9
269
|
Verified
Accounts Payable
9.0
5
8.1
244
8.6
7
8.4
301
|
Verified
8.3
6
8.2
279
|
Verified
Other Functionality
7.2
6
7.3
228
6.7
6
7.4
232
7.2
6
7.5
224
|
Verified
8.3
5
7.5
251
|
Verified
8.1
6
8.1
280
|
Verified
8.5
8
8.8
326
|
Verified
8.1
8
7.9
262
|
Verified
8.0
5
8.0
267
Reporting & Analytics
7.9
8
8.7
337
|
Verified
8.3
7
8.4
321
|
Verified
7.8
6
7.8
244
|
Verified
7.5
6
8.5
336
|
Verified
Platform
8.3
6
7.8
290
|
Verified
7.8
6
7.8
280
8.1
6
8.5
323
|
Verified
7.5
6
8.0
246
|
Verified
7.5
8
8.7
328
|
Verified
8.3
7
8.4
292
|
Verified
Integration
7.8
6
8.4
308
|
Verified
9.0
5
8.4
234
8.0
5
8.2
272
|
Verified
Cash Flow
8.1
6
8.3
203
|
Verified
8.3
7
8.7
224
|
Verified
8.3
7
8.5
204
|
Verified
Budgeting & Forecasting
7.8
6
7.8
244
|
Verified
7.2
6
8.4
200
|
Verified
7.3
5
7.9
172
|
Verified
7.9
8
8.2
198
|
Verified
Revenue
7.6
7
8.5
210
|
Verified
7.7
8
8.3
204
|
Verified
7.3
5
7.7
181
|
Verified
Payroll
8.1
7
7.8
165
|
Verified
7.5
6
7.3
157
|
Verified
8.5
8
8.1
191
|
Verified
8.3
6
8.6
202
|
Verified
AI
Not enough data
6.4
37
Not enough data
6.6
37
Not enough data
6.6
37
Not enough data
6.2
37
Not enough data
6.6
37
Not enough data
5.8
36
Not enough data
7.6
37
Not enough data
7.3
35
Not enough data
6.6
35
Not enough data
6.7
35
Mobile Applications - Accounting
Not enough data
7.7
15
Not enough data
8.0
15
Not enough data
7.4
15
Not enough data
5.6
15
Not enough data
7.7
15
Not enough data
8.1
15
Agentic AI - Accounting
Not enough data
Not enough data
General Ledger
8.3
8
8.4
317
|
Verified
7.2
6
7.9
283
|
Verified
8.3
7
8.3
294
|
Verified
Accounts Receivable
7.9
7
8.5
331
|
Verified
8.3
5
8.0
246
8.7
5
7.9
269
|
Verified
Accounts Payable
9.0
5
8.1
244
8.6
7
8.4
301
|
Verified
8.3
6
8.2
279
|
Verified
Invoice Generation
Not enough data
8.0
84
Not enough data
8.6
83
Not enough data
8.6
80
Invoice Processing
Not enough data
8.0
78
Not enough data
8.1
80
Not enough data
7.5
80
Not enough data
8.5
87
Analytics
Not enough data
8.5
82
Not enough data
8.1
82
Not enough data
7.6
76
Not enough data
8.3
84
Integration
Not enough data
8.9
88
Not enough data
8.4
83
Not enough data
7.4
76
Not enough data
8.2
85
Agentic AI - Invoice Management
Not enough data
Not enough data
Not enough data
Not enough data
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
Multichannel inventory management
Not enough data
7.7
25
Not enough data
8.1
25
Not enough data
7.5
25
3PL inventory management
Not enough data
8.6
26
Not enough data
8.0
26
Not enough data
8.1
25
Inventory Management
Not enough data
8.4
26
Not enough data
8.0
26
Not enough data
8.0
25
Not enough data
7.9
25
Not enough data
8.7
25
Inventory Management Platform Features
Not enough data
8.1
26
Not enough data
8.5
27
Not enough data
7.8
27
Not enough data
7.7
25
Not enough data
7.6
25
Not enough data
8.3
28
Not enough data
7.9
26
Not enough data
8.6
25
Not enough data
8.9
27
Not enough data
9.1
27
Bill Generation
Not enough data
7.7
79
Not enough data
8.2
81
Not enough data
8.2
82
Bill Processing
Not enough data
7.4
81
Not enough data
7.9
80
Not enough data
8.1
81
Integration
Not enough data
8.6
90
Not enough data
8.3
84
Not enough data
7.0
74
Agentic AI - Billing
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
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
29.0%
Printing
6.5%
Financial Services
6.5%
Construction
6.5%
Computer Software
6.5%
Other
45.2%
Accounting
24.3%
Computer Software
8.7%
Information Technology and Services
7.7%
Marketing and Advertising
5.8%
Financial Services
3.5%
Other
50.0%
Most Helpful Reviews
MYOB
Most Helpful Favorable Review
Kunal G.
Verified User in Accounting
I am able to complete day to day tasks f
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...
Kunal G.
Verified User in Accounting
I am able to complete day to day tasks f
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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