Xero vs MYOB vs QuickBooks
All three are mainstream, cloud-based accounting packages used by Australian businesses, with bank feeds, GST and BAS reporting and STP payroll options. The right one depends on how you work. We are certified advisors in all three.
- Registered Tax Agent 25377345
- Registered ASIC Agent 38112
- CPA qualified
- Certified Xero, MYOB & QuickBooks Advisors
- 15+ years’ experience
What all three do
- Bank feeds and reconciliation
- GST tracking and BAS preparation
- Invoicing, bills and receivables
- Payroll with Single Touch Payroll (STP) reporting (depending on plan or add-on)
- Access for your bookkeeper and accountant
How to choose
Xero suits businesses that want a large app ecosystem (e-commerce, job management, receipt capture) and a clean web interface. MYOB has a long Australian history and suits businesses that value its Australian payroll heritage or are already on it. QuickBooks Online suits sole traders and small businesses wanting simple invoicing and expense tracking. Plans and prices change often, so compare current plans on each vendor’s website.
The rules don’t change with the software
Whatever you choose, ATO obligations are the same: employers must report payroll through STP-enabled software each time they pay employees; super guarantee must reach funds within 7 business days of payday under Payday Super; and you must keep records for generally five years. Check that your plan includes STP if you have staff.
Switching software
Moving is usually best done at the start of a quarter or financial year. We migrate opening balances, chart of accounts, contacts and payroll year-to-date figures so STP reporting stays correct. See our bookkeeping service.
Frequently asked questions
Which is best for a small business in Australia?
There is no single best. Xero suits app-heavy businesses, MYOB suits those already on it or wanting its payroll heritage, and QuickBooks suits simple invoicing. We help you choose.
Do all three support STP?
Each offers STP-enabled payroll in Australia, depending on the plan. Check your plan includes payroll if you have employees.
Can you set up or migrate my file?
Yes. We are certified Xero, MYOB and QuickBooks advisors.
Does the software lodge my BAS?
The software prepares the figures. A registered BAS or tax agent, or you, lodges with the ATO. Our bookkeeping includes BAS lodgement.
Sources
ATO: what STP is · ATO: STP reporting options · ATO: about Payday Super · ATO: record keeping for business. General information only, checked 23 October 2026. Rules change, so confirm with the relevant agency or ask us about your situation.
Talk to a Registered Tax Agent
Free 15-minute call, then a written fixed-fee quote within 1 business day. Online, Australia-wide.