MYOB and Xero tie across most categories (17 tied features). Below is the full feature-by-feature breakdown.
| Feature | MYOB | Xero |
|---|---|---|
| Free plan |
✗ No
30-day trial only
|
✗ No
30-day trial only
|
| Entry paid plan |
— Paid add-on
AU$29/mo Lite, AU$60/mo Pro
|
— Paid add-on
AU$35/mo Starter, AU$70/mo Standard
|
| Download PDF without signup |
✗ No
|
✗ No
|
| Feature | MYOB | Xero |
|---|---|---|
| Unlimited invoices |
— Limited
Lite plan caps at 20 invoices/quotes per month
|
— Limited
Ignite caps at 20 invoices/month — unlimited requires Grow at AU$78
|
| Custom logo & branding |
✓ Yes
|
✓ Yes
|
| Recurring invoices |
— Paid add-on
Pro plan only
|
✓ Yes
|
| Email invoices to clients |
✓ Yes
|
✓ Yes
|
| Multi-currency |
— Paid add-on
AccountRight Premier only
|
— Paid add-on
Premium plan only
|
| Client management |
✓ Yes
|
✓ Yes
|
| Feature | MYOB | Xero |
|---|---|---|
| ATO-compliant GST invoices |
✓ Yes
|
✓ Yes
|
| ABN field built in |
✓ Yes
|
✓ Yes
|
| Australian-focused support |
✓ Yes
Australia-based phone support
|
✓ Yes
|
| Feature | MYOB | Xero |
|---|---|---|
| Bank reconciliation |
✓ Yes
|
✓ Yes
|
| Expense tracking |
✓ Yes
|
✓ Yes
|
| Payroll |
✓ Yes
STP Phase 2 compliant
|
— Paid add-on
+AU$10/mo per employee
|
| Inventory tracking |
✓ Yes
|
✓ Yes
|
| Feature | MYOB | Xero |
|---|---|---|
| Stripe payments |
✓ Yes
|
✓ Yes
|
| Mobile app |
✓ Yes
|
✓ Yes
|
| Feature | MYOB | Xero |
|---|---|---|
| Setup time |
✗ No
Hours-to-days — guided setup wizard
|
✗ No
Days — requires chart of accounts setup
|
Neither tool fits your invoicing-only workflow? Try InvoiceSonic — free for unlimited ATO-compliant tax invoices, no signup required.
Create a free invoice now →MYOB starts at AU$29/mo (Lite); Xero starts at AU$37/mo (Ignite — 20 invoices). MYOB offers 30-day free trial. Xero offers 30-day free trial.
For ATO-compliant GST: MYOB = yes, Xero = yes. For native ABN field: MYOB = yes, Xero = yes. If you operate in Australia and either tool falls short here, InvoiceSonic handles both natively — and it's free.
Most freelancers want fast invoicing without paying for full accounting. Between these two, Xero wins more categories overall. But if you're a freelancer who just wants ATO-compliant tax invoices for free, InvoiceSonic is purpose-built for that workflow.
Do not assume a one-click migration. Confirm each product's current export and import formats, then test contacts, opening balances, unpaid invoices, tax codes, attachments and reconciliations before cancelling the old account. Keep statutory records outside both systems.
Both tools include more than invoicing. If invoicing is your only need, a dedicated generator can be faster and more focused than a full accounting subscription.
Yes — InvoiceSonic lets you create and download an invoice without signup. Its account plans have separate limits and pricing, so compare current official plans before deciding.