Most Popular Australian Accounting Software Packages Compared Side by Side

Most Popular Australian Accounting Software Packages Compared Side by Side

MYOB vs Xero vs Quickbooks vs Reckon vs Saasu

When choosing an accounting software package for your business there’s a lot of research involved – you’ll need to visit each supplier website and go through their pricing and features in depth to make sure their offering suits your needs.

But it’s also handy to have a quick overview where you can see all the accounting software packages side-by-side and compare their features at a simple level, so we’ve done our best to create a simple overview below.

Some things to keep in mind when reviewing the below comparison table:

1. Each supplier offers different levels of service for different payment plans. To keep things on an even keel (as much as possible) we’re comparing the price plan for each supplier that falls into the $20-40 price bracket
2. Where there is an asterisk (*) next to a ‘No’ it means the feature isn’t available at this price level, but it is available under a higher price plan or with paid add-on functions.

	MYOB	Xero	Quickbooks	Reckon	Saasu
Plan we’re comparing	Essentials	Starter	Essentials	Basic with all Add-ons	Medium
Cost per month	$35	$25	$25	$20	$40
Multiple users permitted	Yes	Yes	Yes†	Yes	Yes
Cloud-based	Yes	Yes	Yes	Yes	Yes
Quoting	Yes	Yes	Yes	Yes	Yes†
Invoicing	Yes	Yes	Yes	Yes	Yes†
Online Payments	Coming soon	Yes	No*	Yes	Yes
Inventory	Yes†	Yes	No*	Yes	Yes†
Expenses	Yes	Yes	Yes	Yes	Yes
Bank Feed	Yes	Yes	Yes	Yes	Yes
Multi-Currency	No*	No*	No*	Yes	Yes
Calculate & Track GST	Yes	Yes	Yes	Yes	Yes
Payroll	Yes†	Yes†	Yes†	Yes	Yes†
Payroll for how many staff?	1	1	10	Unlimited	20
Leave calculation	Yes	Yes	Yes	Yes	Yes
Timesheets	Yes†	No*	No*	Yes	Yes†
Mobile Access	Yes	Yes	Yes	Yes	Yes
More add-ons available	Yes	Yes	Yes	Yes	Yes
Integration and support of third party add-ons	Yes	Yes	Yes	Yes	Yes

* No functionality in this area – but there is on a higher plan

† Some functionality in this area – more on higher plan

Which accounting software is best?

While the above table gives a snapshot of the availability of some key features, it doesn’t give an in-depth look at the full functionality level in each of these areas, and importantly, how that matches up to your business’ needs.

It must be said, however, that MYOB is often seen as the strongest contender in the game. MYOB is a long established world leader in the ERP market – they’re not a new or start-up business so you can rely on their longevity and stability as a provider for your business.

MYOB also has a strong network of trusted, authorised, local partners and third party MYOB developers (like us here at Horizon Business Systems!) who can offer local support and training and help you design custom add-ons specific to your business needs.

If you’d like to find out more about how MYOB can help your business, don’t hesitate to get in touch with us today!