MYOB

MYOB (Mind Your Own Business) is an Australian institution — it's been the dominant small business accounting platform in Australia since the 1990s and remains the go-to choice for businesses that want deep local compliance without relying on cloud-first alternatives like Xero.

MYOB AccountRight handles accounts, invoicing, payroll (with Single Touch Payroll Phase 2), BAS, job tracking, and inventory. The cloud-based MYOB Business plans offer a lighter experience similar to Xero, while AccountRight remains the preferred option for businesses with inventory or complex payroll needs.

Strengths: Unmatched depth of AU compliance — STP2, award interpretation, BAS worksheets, and local payroll tables are baked in. MYOB has the deepest integration with the Australian tax system of any accounting platform. Strong inventory management at higher tiers. Many AU accountants have significant MYOB expertise.

Limitations: The desktop AccountRight product has a steeper learning curve than Xero. The cloud-based MYOB Business plans feel lighter and less polished than Xero. MYOB has fewer integrations with trade-specific tools than Xero — check your job management app's integration list before choosing.

The right choice for businesses with complex payroll, inventory, or whose accountant strongly prefers MYOB. Xero is often easier for businesses without those specific requirements.