In regards to the main Ledger System everything feeds off. Xero is hands down the best accounting software for small business. Its reporting functionality, simplicity to use and consistent upgrades far exceeds any other players in the market.
When comparing it to MYOB – It is chalk and cheese.
A lot of people still use MYOB because their bookkeeper isn’t trained on Xero… what a ridiculous reason. You are allowing someone who doesn’t want to learn something new rob you of using the best available software to run your business. What is worse, you are paying them for the pleasure to do so.
Xero is better at:
- Fixed Asset register
- Bank feeds & reconciliations
There really isn’t much MYOB is better at, if anything at all.
Outside of that some software add on’s to look at would be:
- Hubdoc – for accounts payable automation (comes free with Xero)
- Expensify – for credit card receipts & processing (for offices with multiple card holders)
If you’re struggling with how to run accounting software’s in your business. Give me a call on 0422 697 739, I would be happy to help push you in the right direction.
#Xero #Smallbuiness #SME