| Product | Rating | Most Used By | Product Summary | Starting Price |
|---|---|---|---|---|
 MYOB | Score7.7 out of 10 | N/A | MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks. | $11 per month |
 Xero | Score7.8 out of 10 | N/A | Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further. | $13 per month |
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| Entry-level Setup Fee | No setup fee | No setup fee | ||||||||||||||
| Additional Details | — | Prices in table are in USD and just apply to the US - other markets & prices are listed below: Canada - Starter $18 CAD/month, Standard $45 CAD/month, Premium 5 $58 CAD/month UK - Starter £14/month, Standard £28/month, Premium £36/month AU - Starter $29 AUD/month, Standard $59 AUD/month, Premium 5 $76 AUD/month NZ - Starter $31 NZD/month, Standard $66 NZD/month, Premium $84 NZD/month | ||||||||||||||
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| MYOB | Xero | |
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| Considered Both Products | Chose MYOB Incentivized Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose MYOB better than Xero in several ways. Easy to use (if you can get it working by yourself without any support) Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose MYOB I did a trial run on Xero I had trouble finding how to set up things, the customer support was terrible. The support you get from MYOB when you need it is really good. Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose MYOB I selected MYOB because most of our clients are using this tool, this is the most convenient accounting software for them that's why we adopted MYOB app and MYOB website. We also covered a training for our clients to make them see that this accounting tool is easily to use. Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info | Chose Xero MYOB has always seemed well behind in the functionality. We recently discontinued our DEAR subscription due to astronomical increase in subscription fees. While Xero doesn't do as much in terms of inventory management we can manage without that function for the lower price. Invited by TrustRadius (TR) on Vendor's Behalf A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. TR verified that a representative sample of customers was invited. More Info Chose Xero MYOB certainly has its place in the industry and don't personally feel you could have one without the other. They both hold strong in the accounting software field and depending on client needs, varies my response to which one 'stacks up' better for that individual business. … Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero Xero is superior to MYOB in multiple ways, particularly government reporting, BAS and GST. Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero Compared to the PC based MYOB that we (and other businesses I have been closely involved with) have run, Xero is simple and easy to use, saving headaches and problems. Xero is one product in the growing list of on-line offerings today across many fields, and (in my opinion) … Chose Xero Xero stands out as the industry leader in terms of ease of use, functionality, integration possibilities, usability, and reporting functionality. Having extensive experience with various accounting software as a business owner and mentor, Xero consistently proves to be my top … Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero Better user friendly dashboard, and cost effective. Invited by the Vendor A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero They are all very similar products but Xero in my opinion has better user interface. Invited by TrustRadius (TR) on Vendor's Behalf A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. TR verified that a representative sample of customers was invited. More Info Chose Xero Xero had better recommendations and my accountant preferred it even though it wasn't the cheapest, it came out the most recommended. Wave had a free version and a fairly good mobile experience this was our second choice. Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero Xero has a much easier, user-friendly interface for ease of use in comparison to the above software and also saves time with day-to-day processing, payables, visibility on items due or requiring attention and the payroll is far easier to use. You can view previous pay runs and … Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero Xero captures all data on one platform with seamless integration with other apps such as EFT systems, CRM, jobflow, etc. Xero processes faster than any other app and has better support systems and user manuals than other products. The price of Xero is very competitive based on … Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero Audit trail , ability to see attachment , user friendly reports Invited by TrustRadius (TR) on Vendor's Behalf A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. TR verified that a representative sample of customers was invited. More Info Chose Xero Xero has more features suited to my business, but the biggest decider was reoccuring invoicing. Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info Chose Xero We undertook this process nearly ten years ago, so I am fairly hazy on the alternatives! Independently Invited by TrustRadius A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info |
| Key User Insights | ||
| Would buy again | ||
No answers on this topic | No answers on this topic | |
| Delivers good value for the price | ||
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| Happy with the feature set | ||
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| Lived up to sales and marketing promises | ||
No answers on this topic | No answers on this topic | |
| Implementation went as expected | ||
No answers on this topic | No answers on this topic | |
| MYOB | Xero | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Payroll Management |
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| Security |
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| Reporting & Analytics |
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| General Ledger and Configurable Accounting |
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| Inventory Management |
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| Order Management |
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| MYOB | Xero | |
|---|---|---|
| Likelihood to Recommend | 9.0 | 7.8 |
| Likelihood to Renew | 9.5 | 7.1 |
| Usability | 10.0 | 8.3 |
| Availability | - | 9.0 |
| Performance | - | 10.0 |
| Support Rating | 1.2 | 9.2 |
| In-Person Training | - | 9.1 |
| Online Training | - | 10.0 |
| Implementation Rating | 5.0 | 7.3 |
| Configurability | - | 9.0 |
| CPA Rating | - | 9.1 |
| Ease of integration | 1.0 | 7.1 |
| Product Scalability | - | 10.0 |
| Vendor post-sale | - | 9.0 |
| Vendor pre-sale | - | 10.0 |
