- 12
- Nov
- 2014
Saasu, MYOB Essentials or Xero? Which One is Right for You?
Saasu, Xero and MYOB Essentials are currently all very popular online accounting programs. If you’re having trouble deciding which program to choose, use the comparison chart below to help you make up your mind and don’t forget to leave your comments too – we’d love to hear your thoughts!
| FEATURE | SAASU | MYOB Essentials | XERO | COMMENTS |
|---|---|---|---|---|
| DASHBOARD | ||||
| Shows summary of current financial position |  | | | Quickly see bank balances, unpaid sales & bills. Saasu also provides a balance sheet & P&L snapshot. |
| Customisable | |  | | In MYOB Essentials, the only part that can be customised is the sales target amount. |
| DATA IMPORT &/OR EXPORT | ||||
| Import/export contacts, chart of accounts, items, invoices, bills, bank statements & manual journals | | | | MYOB Essentials only allows for import of bank statements, contacts & items & export of business transactions. |
| MULTI-USER CAPABILITY | ||||
| Allows for more than one user to operate the software at a time. | | | | All packages allow for unlimited users. |
| BANK FEEDS | ||||
| Your bank data fed directly into the package OR ability to manually import bank statements into the package | | | | Love bank feeds! Best thing since dishwashers were invented! |
| Easy reconciliation and fast cash-coding | | | | Reconciliation is made so easy and fast by intuitive matching of your data to the incoming bank feed data. |
| Connect directly from within the package | | Xero offers 2 types of bank feed set up: Partner and Yodlee; Partner type requires paper applications and Yodlee type means you can connect from within the interface. MYOB Essentials operates in a similar way. | ||
| CUSTOMERS | ||||
| Create and send invoices to customers straight from the package | | | | |
| Create estimates and orders | | | | Xero & MYOB do not currently offer the ability to create sales orders but both offer the ability to raise quotes/estimates. |
| Customisable invoices, adjustment notes & statements | | | | |
| SUPPLIERS | ||||
| Create payables invoices from within the package | | | | |
| Purchase orders | | | | MYOB Essentials does not currently offer purchase orders. |
| Handles expense claims | | | | I think Xero does a better job of handling expense claims than Saasu. |
| GST & BAS | ||||
| Ability to raise BAS reports to use in processing activity statements | | | | |
| GST Audit Reporting & GST Calculation Worksheet | | | | Saasu provides a tax detail report but would be improved if a GST tax exceptions reporting feature were available 🙂 |
| MULTI-CURRENCY | ||||
| Offers multicurrency functioning | | | | Multicurrency is not offered in every plan - see pricing links for more information. |
| REPORTS | ||||
| Offers full suite of reports | | | | |
| Supports creation of the Taxable Payments Annual Report | | | | Only for businesses in the building and construction industry. |
| Allows for uploading & attaching of files to reports & other transactions | | | | |
| Offers global search function | | | | Saasu offers a search function known as Jump Xero offers search functionality within each accounting area. |
| BUDGETS | ||||
| Offers budgeting functionality | | | | |
| Cash flow forecasting | | | | Saasu has an integrated tool called Forecaster |
| INVENTORY | ||||
| Offers fully integrated inventory | | | | Xero has basic inventory functionality but suggest that you use one of their Add-ons for more robust inventory. |
| PAYROLL | ||||
| Offers fully integrated payroll | | | | |
| Tax Tables updated automatically | | | | Fantastic - no need to purchase tax tables or software upgrades on top of purchase of a product. |
| POINT OF SALE | ||||
| Offers POS functioning | | | | Both packages use POS software connected via API - see their Add-ons links below. |
| CONTACTS | ||||
| Ability to upload customer and supplier contact information to the package | | | | |
| TIME TRACKING | ||||
| Employee timesheets and time-tracking | | | | |
| JOB TRACKING | ||||
| Ability to track jobs and categories | | | | Saasu uses tagging for this feature, while Xero has Tracking. |
| MOBILE APP | ||||
| iOS and Android | | | | Saasu does not offer an Android app. |
| ADD-ONS | ||||
| Ability to connect to various online software via API | Saasu Add-ons | | Xero Add-ons | Saasu & Xero offer seamless connection to many other software. |
| SUPPORT | ||||
| Offers free support | | | | All packages come complete with detailed online help centres. MYOB Essentials also offers a live chat service. |
| PRICING | ||||
| Saasu Pricing | $29 per month including payroll for 1 employee OR $40 per month including payroll for unlimited employees. | Xero Pricing | Pricing of Xero & Saasu is varied. Details of what each plan offers can differ between each package.. |
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