Should I pick MYOB or Xero? Which one is the best choice for me? What's the differences between these two accounting software options? These are common questions people ask in our free networking group, Business Networking NZ. So today were going to answer them all, thanks to some help from accountant Chris Mercer from MBP Advisors + Accountants.
You know you need to use an accounting software, and with Xero and MYOB being the two big paid players in NZ, it makes sense to look at them first. There are some key differences between them, thought the pros and cons for both will depend on your point of view and where your business is at. We'll leave choosing which one to use down to you, instead giving you the main differences between both.
We asked Chris to share the main differences between both Xero and MYOB too. He said:
Now you know the main differences between them, one may be standing out above the other. If so cool, but you would still benefit from considering these points:
Often a bookkeeper or accountant will recommend you use one over the other. This may be because that is the one they feel comfortable using, is the one they are associated with in their business or have partnered with it. It is your decision though. You should pick the option which best suits what you need and which you find easiest to use. As always, we welcome discussions about business related topics in our Facebook networking group - so head over and ask away about the differences between MYOB and Xero today!
Posted: Friday 23 November 2018
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