Xero vs MYOB vs QuickBooks: which is right for your business?

Xero is widely used by accountants and bookkeepers, and it connects with a large range of add-on apps for things like payments, inventory and job tracking. It suits businesses that want to add tools over time.

MYOB began in Australia and has long been used by tradies and traditional small businesses, so many owners already know it. It can be a sensible choice if you're already using it and it works for you.

QuickBooks Online is known for being easy to get started with, with friendly invoicing and a clean layout. It can suit sole traders and small service businesses who want something simple.

Pricing and features change often, so compare current plans. These questions matter more than the logo.

• Does it connect to your bank and your payment system?
• Does it handle your industry's needs, such as inventory, job costing or multiple locations?
• What software does your bookkeeper or accountant already work in?
• How easy is it to get your data back out if you ever want to switch?

Moving between platforms is very doable. The key is to pick a clean cut-off date, transfer opening balances and keep a copy of the old file for your records. Don't switch in the middle of a BAS period if you can avoid it.