Comparison between Xero and MYOB accounting software for small businesses
When it comes to small business accounting, choosing the right software is crucial. Two of the most popular options on the market are Xero and MYOB. In this post, we'll compare the two to help you determine which is the best fit for your business.
Ease of Use
One of the biggest advantages of Xero over MYOB is its ease of use. Xero's interface is clean and modern, making it easy for small business owners to navigate. MYOB's interface, on the other hand, can at times be confusing and cluttered, resulting in a steeper learning curve for new users.
Pricing
Both Xero and MYOB offer a variety of pricing plans. Xero's plans range from $0 to $60+ per month, depending on the features and number of users required. MYOB's plans start at $27.50 per month and go up to $99 per month for their most comprehensive plan. However, it is worth noting that MYOB's mid-level plans can be more expensive than Xero's.
Features
Both Xero and MYOB offer a range of features for small businesses, including invoicing, bank reconciliation, and inventory management. Xero, however, has a more extensive list of features, including payroll processing, project management, and expense tracking. MYOB's features, while comprehensive, don't quite match up to Xero's range and depth.
Integrations
When it comes to integrations, both Xero and MYOB fare well. Xero has over 800 integrations available, including solutions for e-commerce, time tracking, and CRM systems. MYOB's integration options are fewer in number, but it still has over 200 available.
Customer Support
Both Xero and MYOB offer customer support, but Xero's support has the edge when it comes to availability. Xero's customer support is available 24/7 via phone, email, or chat, while MYOB's customer support is only available during business hours.
Final Verdict
In summary, Xero edges out MYOB in ease of use, features, and customer support. However, MYOB may be the better choice for businesses on a smaller budget or with simpler accounting needs. Ultimately, the right choice for your business will depend on your specific needs and circumstances.