MYOB vs Xero
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
MYOB offers fewer features (43 vs 44) and fewer integrations (6 vs 29). Starting price: MYOB at $9/mo vs Xero at $15/mo. MYOB has 40 unique features while Xero has 41 unique features, with 3 features in common.
| MYOB | Xero | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 43 | 44 |
| AI-Powered Features | 5 | 8 |
| Starting Price | $9/mo | $15/mo |
| Pricing Tiers | 5 | 3 |
| Integrations | 6 | 29 |
| Shared Features | 3 | |
| Shared Integrations | 0 | |
| Data Quality | 80% | 72% |
Feature Comparison by Category
AI (5 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| AI BAS | ||
| AI Business Insights | ||
| Category Suggestions | ||
| Smart Invoice Reminders | ||
| Smart Reconciliation |
Access Control (1 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| User Profiles |
Accounts Payable (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Smart Invoice Matching |
Analytics (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Role-Based Dashboard |
Asset Management (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Fixed Assets |
Automation (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Expense Rules |
Banking (2 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Bank Reconciliation | ||
| Connected Bank Accounts | ||
| In-App Business Bank Account |
Billing (0 vs 4)
| Feature | MYOB | Xero |
|---|---|---|
| Credit Notes | ||
| Invoicing | ||
| Recurring Invoices | ||
| Subscription Billing |
Business Management (1 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Multiple Business Management |
CRM (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Contact Management |
Collections (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Late Payment Insights | ||
| Payment Reminders |
Compliance (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Audit Trail |
Data Management (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Data Import |
Expense Management (0 vs 4)
| Feature | MYOB | Xero |
|---|---|---|
| Expense Categories | ||
| Expense Claims | ||
| Expense Receipts via Email | ||
| Receipt Capture |
Expense Tracking (3 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Expense Management | ||
| Scan and Store Receipts | ||
| Track Income and Expenses |
Financial Management (2 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Cash Flow Management | ||
| Track Finances |
Forecasting (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Cash Flow Forecast |
Fraud Prevention (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Duplicate Invoice Detection |
General Ledger (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Journal Entries |
Governance (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Approval Workflows |
Integration (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| API Access |
International (1 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Multi-Currency Accounting | ||
| Multi-Currency Support |
Inventory (7 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Inventory Management | ||
| Multi-Location Inventory | ||
| Order Management | ||
| Product Attributes | ||
| Stocktake | ||
| Supplier Management | ||
| Unlimited Sales Orders |
Invoicing (1 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Invoicing and Quotes |
Mobile (3 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| MYOB Assist Companion App | ||
| Mobile App | ||
| Mobile App Access | ||
| Solo by MYOB Mobile App |
Multi-Entity (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Multi-Entity Accounting |
Payables (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Bill Management | ||
| Recurring Bills |
Payments (2 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Batch Payments | ||
| Online Payments | ||
| Tap to Pay |
Payroll (7 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Automated Annual Leave Calculations | ||
| Automated Superannuation Contributions | ||
| Digital Employee Onboarding | ||
| Employee Benefits | ||
| Payroll | ||
| Single Touch Payroll | ||
| Timesheets and Rosters |
Planning (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Budgeting |
Procurement (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Purchase Orders |
Project Management (2 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Bill by Time | ||
| Job and Project Tracking | ||
| Projects | ||
| Time Tracking |
Reporting (3 vs 3)
| Feature | MYOB | Xero |
|---|---|---|
| Custom Reports | ||
| Customised Reports | ||
| Export and Share Business Data | ||
| Financial Reporting | ||
| Financial Reports | ||
| Report Designer |
Sales (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Sales Orders |
Security (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Data Backup | ||
| User Permissions |
Tax (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Tax Management | ||
| Tax Tracking |
Tax Management (3 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Tax and GST | ||
| Track GST Only | ||
| Track GST and Lodge BAS |
Unique Features
Only in MYOB (40)
User Profiles
AI BAS
AI Business Insights
Category Suggestions
Smart Invoice Reminders
Smart Reconciliation
Connected Bank Accounts
In-App Business Bank Account
Multiple Business Management
Expense Management
Scan and Store Receipts
Track Income and Expenses
Cash Flow Management
Track Finances
Multi-Currency Accounting
Multi-Location Inventory
Order Management
Product Attributes
Stocktake
Supplier Management
+ 20 more unique features
Only in Xero (41)
Smart Invoice Matching
Role-Based Dashboard
Fixed Assets
Expense Rules
Bank Reconciliation
Credit Notes
Invoicing
Recurring Invoices
Subscription Billing
Late Payment Insights
Payment Reminders
Audit Trail
Contact Management
Data Import
Expense Categories
Expense Claims
Expense Receipts via Email
Receipt Capture
Cash Flow Forecast
Duplicate Invoice Detection
+ 21 more unique features
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