MYOB vs Xero
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
MYOB offers more features (43 vs 35). Starting price: MYOB at $9/mo vs Xero at $3.75/mo. MYOB has 42 unique features while Xero has 34 unique features, with 1 features in common.
| MYOB | Xero | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 43 | 35 |
| AI-Powered Features | 5 | 4 |
| Starting Price | $9/mo | $3.75/mo |
| Pricing Tiers | 5 | 3 |
| Integrations | 6 | 6 |
| Shared Features | 1 | |
| Shared Integrations | 0 | |
| Data Quality | 80% | 80% |
Feature Comparison by Category
AI (5 vs 4)
| Feature | MYOB | Xero |
|---|---|---|
| AI BAS | ||
| AI Business Insights | ||
| AI Financial Data Exploration | ||
| AI Task Automation | ||
| AI-Powered Business Questions | ||
| Category Suggestions | ||
| JAX AI Financial Superagent | ||
| Smart Invoice Reminders | ||
| Smart Reconciliation |
Access Control (1 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| User Profiles |
Accounting (0 vs 3)
| Feature | MYOB | Xero |
|---|---|---|
| Bill Management | ||
| Multi-Currency Support | ||
| Paperless Record Keeping |
Analytics (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| KPI and Ratio Analysis | ||
| Trend Analysis |
Automation (0 vs 4)
| Feature | MYOB | Xero |
|---|---|---|
| Automated Invoicing | ||
| Bank Transaction Reconciliation | ||
| Data Capture with Hubdoc | ||
| Invoice Reminders |
Banking (2 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Connected Bank Accounts | ||
| In-App Business Bank Account |
Business Management (1 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Multiple Business Management |
Collaboration (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Real-time Collaboration |
Expense Management (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Employee Expense Submission | ||
| Expense Tracking |
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 |
HR (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Leave Management |
Integration (0 vs 3)
| Feature | MYOB | Xero |
|---|---|---|
| App Store Integration | ||
| Bank Feed Integration | ||
| Data Import from Other Software |
International (1 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Multi-Currency Accounting |
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 |
Payments (2 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Online Bill Payments | ||
| Online Invoice Payments | ||
| Online Payments | ||
| Tap to Pay |
Payroll (7 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Automated Annual Leave Calculations | ||
| Automated Superannuation Contributions | ||
| Digital Employee Onboarding | ||
| Employee Benefits | ||
| Payroll | ||
| Single Touch Payroll | ||
| Timesheets and Rosters |
Project Management (2 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Bill by Time | ||
| Job and Project Tracking | ||
| Project Tracking |
Reporting (3 vs 5)
| Feature | MYOB | Xero |
|---|---|---|
| Cash Flow Forecasting | ||
| Customised Reports | ||
| Customizable Reporting | ||
| Export and Share Business Data | ||
| Financial Health Scorecards | ||
| Financial Reporting | ||
| Performance Dashboards | ||
| Real-time Reporting |
Sales (0 vs 1)
| Feature | MYOB | Xero |
|---|---|---|
| Quotes and Estimates |
Support (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| 24/7 Online Support | ||
| 90-Day Onboarding Support |
Tax (0 vs 2)
| Feature | MYOB | Xero |
|---|---|---|
| Sales Tax Management | ||
| W-9 and 1099 Management |
Tax Management (3 vs 0)
| Feature | MYOB | Xero |
|---|---|---|
| Tax and GST | ||
| Track GST Only | ||
| Track GST and Lodge BAS |
Unique Features
Only in MYOB (42)
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
+ 22 more unique features
Only in Xero (34)
Bill Management
Multi-Currency Support
Paperless Record Keeping
AI Financial Data Exploration
AI Task Automation
AI-Powered Business Questions
JAX AI Financial Superagent
KPI and Ratio Analysis
Trend Analysis
Automated Invoicing
Bank Transaction Reconciliation
Data Capture with Hubdoc
Invoice Reminders
Real-time Collaboration
Employee Expense Submission
Expense Tracking
Leave Management
App Store Integration
Bank Feed Integration
Data Import from Other Software
+ 14 more unique features
Want to build your own alternative to MYOB or Xero?
Analyze it with Reap