MYOB Essentials Accounting vs. Xero

Online accounting is the most important thing for every business. Through the online accounting software, you can access your business data through the network from everywhere. So the accounting software companies continuously improve their software for SMEs.

MYOB Essentials Accounting provides an online accounting solution for small to large scale business and this software is the rebranded version of MYOB Live Accounts. By using this software, you can easily manage the tax, invoicing, payroll and reports.

Xero software is cloud-based software for small to medium-sized businesses. By using this software, you can manage the invoice, accounts payable, purchase orders and reports. Through this software, you can automatically import the bank and credit card statements.

Let us compare the MYOB Essentials accounting and the Xero software in this post.

Dashboards

MYOB Essentials accounting dashboards are designed well and easy to access. Tasks and top menu bar are available in the dashboards. So you can navigate easily. This dashboard also provides a screenshot of cash in, cash out and account balance.

Xero dashboard is the graph based dashboard. To know the detail information you have clink on the menu bar of each graph. And the tasks are listed under the tabs.

Bank Feeds

MYOB: To provide a reliable and secure feed, MYOB uses Bank Link server. MYOB internally process the data for accuracy. Then such data will be uploaded into the MYOB file.

Xero: Two types of feed used in the Xero. Xero is establishing a bank relationship and to import the feeds directly. And it used the Yodlee, which is a third-party provider. Yodlee sends the transaction details to Xero by login into the user bank profile.

Inventory

Both MYOB Essential accounting and Xero having an inventory tracking feature. In both systems, inventory items are tracked for sale and purchase. But inventory levels are not able to track.  For advanced inventory management, you can integrate the third party products.

Payroll

MYOB Essential Accounting allows unlimited employees in the payroll that is easy to use. But in Xero, only one employee can able to access. Based on the package, employees can able to access the payroll.

These are the few comparisons between MYOB Essential Accounting and Xero software. To know more about the MYOB keep touch with us!! EZ Accounting software is leading the accounting software provider in Singapore. We also provide various Singapore accounting software such as UBS Accounting software, Point of sale, Payroll, Inventory software, MYOB and Quicken software, etc. Do you want to book your software live demo? Call us +6562271797 / +6567462613 or Email sales@ezaccounting.com.sg. Hurry up!!