Xero vs MYOB: Which Accounting Software Should Your Sydney Business Choose?

When comparing Xero vs MYOB, focus on:

• Ease of use and accessibility, especially cloud-based vs desktop options
• Core features such as invoicing, bank feeds, reporting, and GST/BAS compliance
• Payroll, inventory and job tracking requirements
• Integration ecosystem with other apps your business uses
• Scalability and pricing as your business grows

1. Ease of Use & Cloud Access

If you’ve ever wondered what is Xero? it’s a cloud-based accounting platform built from the ground up for accessibility. With browser and mobile access, Xero allows you to manage your books anywhere, anytime.

By comparison, MYOB is a long-standing accounting solution that offers both cloud and desktop options, appealing to businesses used to traditional systems.



Takeaway: If you want a straightforward cloud solution with mobility, Xero accounting may be the better fit. If you prefer a hybrid setup or work in an office-based environment, MYOB might suit you more.

2. Features & Integrations

Xero boasts a strong ecosystem of over 1,000 third-party integrations, making it ideal for businesses wanting automation and seamless data flow. Features like bank feeds, recurring invoices, and easy reporting make it a top choice for business owners who value simplicity.



MYOB, on the other hand, includes mature tools for inventory tracking, job costing, and more complex operational needs. Many MYOB bookkeepers recommend it for industries managing physical products or multiple job sites.

Takeaway: Choose Xero accounting if simplicity and integrations matter most; choose MYOB bookkeeping services if you have advanced needs such as inventory, project management, or multiple departments.

3. Payroll & BAS/Compliance

Payroll is where the two systems start to diverge. Payroll in Xero is built with small teams in mind, automating superannuation, PAYG, and Single Touch Payroll reporting. It integrates neatly with BAS and GST lodgement, reducing manual admin.

MYOB, meanwhile, often edges ahead for larger or more complex payroll setups. Its payroll functions are well-suited for businesses with many staff or layered pay structures, while maintaining strong ATO compliance.



Takeaway: For smaller Sydney businesses, payroll in Xero offers simplicity and automation. For growing companies with bigger teams, MYOB provides depth and control.

4. Cost & Value

Pricing varies between Xero and MYOB, depending on the plan, number of users, and included features. Generally, Xero for small business offers great value for micro and service-based companies. MYOB can be more cost-effective for medium-sized businesses scaling up, especially when multiple employees or projects are involved.



Takeaway: Review your needs today and in 12–24 months. The right platform should grow with your business without adding unnecessary costs.

Which One Is Right for Your Sydney Business?

If you run a small service-based business with fewer employees, need cloud access, and rely on app integrations, Xero may be your best choice.

If your business involves inventory management, large payroll teams, or project-based work  MYOB might be more suitable. Ask yourself:

• What are my current bookkeeping pain points?
• Do I need flexibility or advanced functionality?
• How will my business grow over the next two years?
  
  

Choosing between MYOB and Xero isn’t about which is “better”, it’s about which is right for you.

How Profit Services Can Help

At Profit Services, we assist Sydney-based businesses with software selection, implementation, and ongoing bookkeeping support. From migrating to Xero or MYOB, to training your team and ensuring BAS/Payroll compliance, our goal is to remove hassle and help you focus on growth.

Ready to choose the right system for your business? Contact Profit Services today, to get tailored support.