Category: XERO

Xero and MYOB both handle invoicing, bank reconciliation, GST, BAS, and Single Touch Payroll in line with Australian standards, so neither is universally better. What differs is where each one is strongest, and which of those strengths matter to your business. This guide sets out the practical differences so you can decide.

Xero is cloud-based accounting software used by small and medium businesses to manage invoicing, bank reconciliation, payroll and reporting. Because it runs in your browser rather than on one computer, you and your accountant or bookkeeper can work in the same file at the same time. It is one of the most widely used accounting platforms in Australia.