Starting a Business, Technology & Software • 2 min read

How to Choose the Right Accounting Software for Your Business

Choosing accounting software is one of the most important technology decisions you’ll make for your business. The right platform saves hours every week and gives you clear visibility of your finances. The wrong one creates headaches for years.

Key Factors to Consider

Business Size and Complexity

  • Sole traders and micro businesses: Xero Starter or QuickBooks Simple Start — affordable, simple, gets the job done
  • Small businesses (1-20 employees): Xero Standard/Premium or QuickBooks Plus — invoicing, bills, payroll, multi-currency
  • Growing businesses (20+ employees): Xero Premium, QBO Advanced, or MYOB Business Pro — advanced reporting, multiple users, inventory
  • Mid-market ($5M+ revenue): NetSuite or Dynamics 365 Business Central — full ERP with financials, CRM, inventory and eCommerce

Industry Requirements

Some industries have specific needs. Construction businesses need job costing. Retailers need POS integration. Professional services need time tracking. Make sure your platform supports your sector.

Integration Ecosystem

Your accounting software should connect with your other tools — bank feeds, payment processors, CRM, inventory management, payroll. Xero leads with 1,000+ integrations. QuickBooks and MYOB have strong ecosystems too.

Australian Compliance

Ensure the platform supports Australian GST, BAS reporting, STP payroll and super. All three major platforms (Xero, QuickBooks, MYOB) are fully ATO-compliant.

Our Recommendation

As certified partners across Xero, QuickBooks, MYOB, NetSuite, Dynamics 365 and Saasu, we give genuinely unbiased advice. We recommend based on what’s right for your business — not what earns us the biggest commission.

Explore our software advisory services or book a free consultation for a personalised recommendation.

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