This is partly due to the software having different functionality in different part of the world. It is worth noting that these market share percentages vary greatly between countries. However the functionality and user experience of the others do not come close to that of Xero or MYOB. I have dabbled a bit with the others (the remaining 12 percenters) when clients use the software. The remaining 12% mostly taken up by Quickbooks, Reckon, Saasu, Sage and excel spreadsheets.įor the sake of this article, I will mostly refer to do comparisons between Xero and MYOB as I have used both these products extensively.

Xero currently has about a 47% market share of the Australian small business accounting software market. We also need to look at how Xeros competitors stack up in each of these areas. The main factors that I believe weigh into the debate as to whether Xero is the best accounting software for small business include: To say something is “the best” is a hard call to make as it will always come down to a matter of personal opinion and perspective.

Xero accounting software file taxes