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Compare Xero to other small business accounting packages

Xero is updated every few weeks as we listen and respond to customer feedback. Launched in 2007 Xero is developed on a future-proofed web platform. Xero is quickly catching up to the breadth of functionality of the established desktop software applications available and is already ahead in a number of important areas.

Keep checking back here to watch our progress.

General

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
What is it? Online accounting and business management tools Online cash book with sales invoicing Cash book Cash book with sales invoicing Desktop accounting Desktop accounting and other back office functions Desktop accounting
Available online - anywhere, anytime Yes Yes No No No No No
Always in sync with your accountant Yes Yes No No No No No
Users Unlimited Unlimited 1 1 1 3 1
Email invitation to other users Yes Yes No No No No No
Multi branch (tracking) Yes No No No No No Yes
Job costing Coming soon No No Yes Yes Yes Yes
Multi currency Available mid 2008 No No No No Yes No
Operating system Windows, Mac, Linux Windows Windows Windows Windows Windows Windows
Browser IE, Firefox, Safari IE Only          
Optimised for iPhone Yes No No No No No No

Pricing

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Upfront purchase price Nil Nil $176 $221 $399 $1,240 $449
Upgrade costs Nil Unknown Unknown Unknown $199 $525 $249
Annual support cost Nil Unknown $354 $354 $354 $539 $149
Monthly fees $49 + GST for first org, $24 for subsequent org $25 Nil Nil Nil Nil Nil
Pay per call support N/A Unknown $35 per call $35 per call $35 per call $35 per call $4.95 per min
Server costs Nil Nil Varies Varies Varies Varies Varies
Backup costs Nil Nil Varies Varies Varies Varies Varies

Support

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Remote accountant access Yes Yes No No No No No
Free email support Yes Unknown No No No No No
In application issue logger Yes No No No No No No
Automatic backups Yes Unknown No No No No No
Free callback option Yes No No No No No No
Upgrade frequency Every few weeks Unknown 1 year + 1 year + 1 year + 1 year + 1 year +

Dashboard

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Dashboard for your business Yes Yes No No No No No
Account watchlist Yes No No No No No No
Real-time bank balances Yes No No No No No No
Cashflow overview Yes No No No No No No
Outstanding invoices Yes No No No No No No

Banking

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Automatic bank feeds Yes No No No No No No
Self learning bank reconciliation Yes No No No No No No
Statement history Yes No No No No No No

Accounts receivable

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Debtors dashboard Yes No No No No No No
Email invoices from anywhere Yes Yes No No No No No
Remote authorisation Yes No No No No No No
Quoting Coming soon No No Yes Yes Yes Yes
Repeating invoices Yes No No Yes Yes Yes Yes
Statements Yes Yes No Yes Yes Yes Yes

Accounts payable

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Accounts Payable Yes No No No Yes Yes Yes
Payables dashboard Yes No No No No No No
Remote invoice entry Yes No No No No No No
Remote authorisation Yes No No No No No No

GST return

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
One click GST Report Yes No No No No No No
Remote accountant access Yes Yes No No No No No
GST Report archive Yes No No No No No No

Reporting

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
1-click access to key reports Yes No No No No No No
Editable summaries & footnotes Yes No No No No No Limited footnotes
Management report pack Yes No No No No No Yes
Report publish and archive Yes No No No No No No
"As at" reporting Yes Limited Limited Limited Limited Limited No
Balance sheet Yes Yes No Yes Yes Yes Yes
Trial balance Yes Yes Yes Yes Yes Yes Yes
Aged receivables Yes No No No Yes Yes Yes
Aged payables Yes No No Yes Yes Yes Yes
Budget variance Yes No No Yes Yes Yes Yes
Output formulas to Excel Yes No No No No No Yes
Output to PDF Yes Yes Yes Yes Yes Yes Yes
Exceptions report Yes No No No No No No

Budgeting

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Quick budget tools Yes No No No No No Yes

Expense claims

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Remote entry of employee expenses Yes No No No No No No
Authorisation workflow Yes No No No No No No
Real-time dashboard snapshot Yes No No No No No No
Summary reporting Yes No No No No No No
Link categories to chart of accounts Yes No No No No No No

Contacts

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Remote access to contact information Yes Yes No No No With remote server No
Shared contact notes Yes Yes No No No Yes No

3rd Party Intergration

 Xero MYOB Business Basics Online MYOB
Cashbook		 MYOB Business Basics MYOB
Accounting		 MYOB
Premier		 QuickBooks Small Business
Network API Yes No No No No No No