Choosing accounting software is one of the most important technology decisions for your small business. The right choice streamlines operations, ensures compliance and provides insight. The wrong one creates frustration and potentially costly compliance failures.
Popular Australian accounting software
Xero
From $32/month
- Excellent user interface
- Strong app ecosystem
- Great for small businesses
- Limited payroll features
- Reporting can be basic
Best for
Small businesses with simple payroll and strong integration needs
MYOB
From $27/month
- Strong payroll features
- Comprehensive inventory
- Industry-specific versions
- Steeper learning curve
- Less modern interface
Best for
Businesses with complex payroll or inventory needs
QuickBooks
From $35/month
- Strong invoicing
- Good mobile app
- Easy to use
- Limited Australian payroll
- US-centric features
Best for
Service businesses with minimal payroll complexity
Key features to consider
1. Australian compliance features
Ensure it handles STP reporting, BAS preparation, super tracking and modern award calculations. International software often lacks Australian-specific compliance.
2. Integration capabilities
Check integrations with payment gateways, CRM, inventory and e-commerce. The more seamless, the less manual data entry.
3. User-friendliness
Software that's hard to use won't get used properly. Look for intuitive interfaces, good docs and responsive support. Use free trials.
4. Scalability
Choose software that grows with you. Moving systems is painful, so pick something that works now and in 3-5 years.