MYOB

Our company business is offering an accounting service, like importing invoices, processing payroll, financial reports, bank reconciliations, ages payables and aged receivables. We are using MYOB app and website to track the client expenses and process payroll. I prefer using the website when it comes to invoices and for the app, for generating reports.

• Saved time in manually checking of reports
• Easy to track the financial
• Easy to set up

Xero and QuickBooks Online

Xero, QuickBooks Online

MYOB controls all of the costs and accounts in my business and I'm able to get a snapshot of how we are doing at any time. It is a useful tool for paying wages and issuing payslips and keeping tabs on sick pay, holiday pay, and personal leave accrual as well. All of my superannuation is also recorded directly to the ATO.

• Allows me to operate my business and know what is happening.
• Allows me to process wages.
• Allows me to pay correct superannuation.

Xero

Microsoft 365 Business Premium

• It means I don't need to pay an accountant each quarter to do my BAS

Xero and QuickBooks Online

Deputy, Trello

Used for basic accounting. Good product as long as you do not need help or support. Over 4 hours on the phone and they still have no idea how to fix their own MYOB upgrade issue. From my experience, backups take too long to be functional. Cannot automate Bank FX feeds, or, Amex corporate cards. In my opinion, if you encounter any problem, give up and use another product as they cannot or will not help. You will spend hours on the phone and they just hang up when they don't know what to do.

• its cheap

Xero

Xero

Accounting processes - reporting for the business - managing our BAS/IAS reporting, managing to invoice and receipting, accounts payable, and bank recs.

• No negative impacts
• I have it set up and it's easy to use
• Recommend getting someone to help you set up if you aren't an accounting person

QuickBooks Online

QuickBooks Online, VidCruiter, Canva