90FOR6JULY24
90% for 6 months. Only for new Customers.
I know Xero is getting more and more expensive but I know lots of businesses that have issues with MYOB. At least Xero works without issues. Don't get me started on QuickBooks!
90% off All Plan Subscriptions for 6 Months (New Customers Only) @ Xero
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That might be true. I assume you do not need to process payroll in that case.
My question would be, how much pain is it for your tax agent?You associated mate?
Lol no
Just trying to figure out what the lesser evil program is.
Had massive issues in the past with Quickbooks/Reckon.
I wanted to love MYOB but so many issues with conversions etc. They cannot even get a training session to run smoothly.
That leaves Xero. But oh man those price increases are starting to annoy me. If you know any other good alternatives, I am all ears. No chance that I will buy a 2013 Quickbooks version.
@Heiks9000: Agreed that the price increases are getting to me. I have a hobby side hustle and the increased monthly fee is eating into my (meagre) profits!
@Heiks9000: Xero has had tons of issues, not on the scale of MYOB sure, but I don't think its infallible like you make out.
You're just looking for STP?
@Figure8: So far I did not have too many significant issues with Xero. I guess everyone has a different experience with this.
Just looking for a cheap program that I can recommend to family and friends. Should also be easy to use. No point saving money by going with QuickBooks but everything takes much longer to do.
@Heiks9000: Recommending really depends on the scope of what they're doing with it. Which is why I asked if it was just simple STP compliance for a few employees.
Just looking for a cheap program that I can recommend to family and friends.
Zoho Books is free for businesses with less than 50K annual revenue.
@Heiks9000: Maybe the last of the local standalone QB 2019 full retail would work with something like seSQue payroll for reporting. Good luck finding 2019 new old stock - I have looked. Suspect the old 2013 is an even bigger pratyer.
Payroll of 1.
Do all my own BAS etc.
SeSque Payroll takes care of the ATO reporting
Accountant does my annual returns with excel reports.
I can't be alone in not needing all the whistles and bells.
Payroller for STP/SuperStream with your legacy non-subscription software is the best combination.
Thanks, I will have a look at it :)
I just need STP any recommendations?
@viper8548: Looks like payroller does it for free if you only need it for a single person and you are using the mobile app.
I think all previously free STP softwares are now charging a fee for STP lodgments.@viper8548: Maybe this will help. A list from ATO of all providers that do STP -> https://softwaredevelopers.ato.gov.au/product-register
My partner recently went from MYOB version 12 which is as old as the hills and changed to Xero. Should've done it years ago. Absolutely brilliant for her business and so easy to use.
I still use MYOB v7 from 20 years ago. No need to upgrade. Let time i checked the new subscription plans are disgusting. $35 a month and you can only do 5 invoice per month. Stuff that.
My old QuickBooks 2013 does everything I need it to but is a pain when I upgrade my pc.
What issues are you referring to mate? Chances are there will be an easy work around, you just might not be aware of it.
Xero price rises are getting stupid…
I hope they’ll pay for that decision
It's actually quite funny seeing the comments about xero fees whereever they post an ad - fb/insta/ozb.
Will they get the message? Nope.
They are kind of a monopoly, in sofar as combination of reliability, STP, and other features, so they unfortunately don't need to listen, unless they start to loose market share, or profit. They don't seem to have to worry about retention.
But it increasingly hurts to use them, as as soon as something viable (that my accountant will put up with) comes along, I'll jump ship.
as soon as something viable (that my accountant will put up with) comes along, I'll jump ship.
Wait till you try to get any data out of xero - they make it difficult and then some.
I think this is inaccurate.
I have exported data from xero in the last two months and it has been quite easy and in a text file. It is totally upto me how to clean and repurpose the data from the text file. It is obviously a laborious task by itself but because they made it easy, Ironically, I am going to stay with them than risk changing services.
Except they weren't a monopoly, as they only started years after MYOB. It's just MYOB didn't listen and let Xero leap past them so they lost the market share. But they're still around, so can up their game, and offer a better price as competitors do. Same way Xero started!
Can't you just export your profit and loss statements got your accountant?
I think this is inaccurate.
Can't you just export your profit and loss statements got your accountant?
Sure.
It all comes down to what you want and how badly (or how much your willing to pay). There's some inbuilt tools for exporting. There's third-party tools too. Then there's other stuff that down right impossible. I haven't looked at it in a while. Maybe it's gotten better, but the consensus when I looked before was they make it difficult to leave with all your data.
Any geo-deal to make it cheaper and also for long term? Imagine paying $35/m after the this deal.
And only able to do 5 invoice a month. They're a disgusting company. MYOB is the same
The five invoices a month of the base plan are a killer. My wife just needs something to generate quotes and invoices, and keep track of receipts. $30+ a month for that in either MYOB or Xero is just crazy…
Invoicely? Or even a homemade airtable
Try and find an old version of myob. I have version 7 from about 20 years ago and it still works great.
Seems pretty cheap for best in class software.
If she can't afford $30/mo for an accounting solution, it's a hobby, not a business. Xero doesn't care about her.
How would geo deal work? Australian accounting rules but somewhere outside Australia?
Australian accounting rules but somewhere outside Australia?
Well, I run my Australian entity out of turkey, so logic would indicate that I get Turkish pricing for Xero!
Not an accountant so this is just what interpret from researching different software.
I think the accounting principals are global. It's up to the bookkeeper to apply their knowledge of the Australian tax rules within the accounting software. The software itself will let you do whatever you want.
The only thing that will be specific to Australia will be STP so if you don't have employees it doesn't matter. You could even use an excel spreadsheet and go back to "journal entries" if you wanted.
The only thing that will be specific to Australia will be STP
All the GST/BAS related stuff too. Sure you can set it up in other ledger accounting packages, but it's nice how it just works in Xero.
Idk about xero - but seriously, myob is such a POS.
Recently it’s been doing this stupid thing again where it sends a copy of an invoice to my client when I hit ‘send invoice’ but instead of being the right invoice it’s for some other random customer (not mine!) - surely there’s some kind of invasion of privacy at play - emailed with screenshots to myob, still no reply.
Didn't someone here post about an accounting software startup, Gimbla or something similar? Has anyone given it a go?
There is Thriday, Easy Business App and Hnry (for sole traders)
Freshbooks is the way to go imo.
I’m moving to Xero from QB. Thanks OP
What a load of shyt QB is. Worst program in the world.
but I know lots of businesses that have issues with MYOB.
lots of businesses have issues with Xero too.
Xero - /ˈzɪərəʊ,ˈzɛrəʊ/ dry. "xeroderma", "xerophyte."
In 5 years we've gone from paying $25/pm for Xero to over $90p/m
For us, it's no better than 5 years ago; there is more support via accountants, etc.
I wish for once that Xero would 'Reward' us existing customers as well as the new ones they're enticing with these great deals.
Especially at the moment, with small businesses doing it so tough.
In 5 years we've gone from paying $25/pm for Xero to over $90p/m
That was their plan all along…
And yet you're still paying the $90p/m. This was their plan - get users integrated into the system, then jack up the price.
People are always complaining about the price increases, but Xero's retention rate is insanely good.And it should be. It almost totally replaces book-keepers, and they've added and changed a metric shitload in 5 years. The claim they haven't is just raw ignorance, or a blunt lie, take your pick.
Same, I would love to leave them. Not only has the price gone through the roof, they've tried to charge me extra for expenses, that were always there! Bunch of scum bags.
New competition is coming up like Easy Business App which is based in Australia. If they keep forcing people to take all in one packages people will move. https://go.easybusinessapp.com/easy-xero-alternative
Still a min $29.85 a month with payroll for 1 employee.
Free if you do not want payroll.
so expensive, the same plan increase from 30 to 70 within 2 years
I use NAB Bookeeper and honestly it sucks. It is in no way a competitor to Xero in it's current state.
NAB Bookkeeper is Thriday but the NAB version has basically none of the functionality that Thriday offers. Eventually NAB Bookkeeper will be good when they onboard the rest of the Thriday feature list, but right now it's essentially an automated bunch of uselessness.
Back in 2014 when I signed up, it was $60/mth for a plan with 25 employees. Now it's $200 a month!!
Xero is still the best option, but boy are they capitalising on it.
Maybe I'm wrong, but if you have 25 employees, surely you'd be able to afford $200 per month. If the cost of Xero is breaking the bank, how are you managing to pay your staff?
This is true for a hypothetical Vanilla “25 full time employee” business, but a vanilla business is rarely the case. Imagine running a market coffee stand for 4 days a week, you may have a team of 4-5 casual staff needed in a day, but keep a roster of casual call-ins as back ups, for times when the stand gets busy. 20-25 employees is easy to get to. With little warning, Xero says that’ll cost you $200/month now, and from their track record, probably a lot more in 6 months…
Exactly this.
Most staff were casual with 4-10hrs per week, but they still cost us the same in Xero regardless of their 'profitability' to the business.
A small business with 21 casuals is being charged the same as a multimillion-dollar-turnover enterprise with 49 fulltime staff, that's likely two orders of magnitude more profitable.
Perfect timing! Was about to sign up from trail month. Thanks OP!
Has anyone tried Odoo instead?
Happy with Xero for most things, but the price just keeps going up. Would love to know about alternatives. 4 staff.
I’m on quickbooks, pretty much for the price. It’s been annoying but I’ve just succumbed to workarounds that seem to work. They’re starting to price gouge though.
That is the big question. Is it better to pay more and avoid workarounds? I know so many people who struggle with bookkeeping. To add workarounds to their list of tasks would kill them.
I guess the market is ready for a new bookkeeping software. That said, they most likely will increase prices after a few years as well :(
damn i wish i had use for this
No you don't …
What is the issue with Quickbooks? From what I've been reading (when researching as I'm just starting a business and trying to decide on software) is that globally quickbooks has the largest market share followed by myob and then Xero. It's just Xero is big in Australia.
And from what I've heard off some accountants is they don't need full access to your books, all they care about is the balance sheet at end of financial year. So any good accountant will be fine with whatever you use as long as you don't stuff it up and your books balance.
In saying all of that, I'm still researching so if someone can give me some insights in to why I should go the most expensive bit of software instead of the cheapest of the major companies, I'd appreciate it!
No idea… I've used QB myself for the last 5-6 years. No employees though. Works pretty well for our needs (ecom) and doesn't cost an arm and a leg.Integrates directly with our bank account (NAB). Not sure what benefit I'd have paying more. Our accountant logs into our account and does our taxes just fine.
What is the issue with Quickbooks?
Just not as user friendly as xero. Small stuff like xero learns how your code transactions from previous inputs. I don't think quick books does that.
Suppose you paid for an expense personally and want to code it against a director's loan account, you'll need to use a ledger entry in quickbooks. Xero lets you do this on the payment screen.
If you know what you're doing quickbooks is fine.
And from what I've heard off some accountants is they don't need full access to your books
To prepare your tax returns, BAS, etc - the accountant only needs a few reports from whatever accounting system you're using.
At the same time, lots of accountants have practices built up on only use Xero. They don't like dealing with non-xero clients because it slows down their workflow. These accountants will have access to cheaper subscriptions (that they can sell at a mark-up), but then you're locked into the accountant too - no way to take your data to another accountant, despite paying for the xero subscription.
I think that is the issue.
If you know how to use QuickBooks it is great. If you are bad at bookkeeping it is horrible because it is difficult and time-consuming to fix things.
The tax agent should be able to transfer the subscription to you and afterwards, you can go to a new accountant.
The tax agent should be able to transfer the subscription to you and afterwards, you can go to a new accountant.
Indeed … but lots are just plain d***s when you're leaving. I believe there's no legal requirement for them to do the transfer and you can't go to xero directly to do it.
Happy to be corrected if I'm wrong about the transfer.
@salmon123: That is sad to hear but I guess that is true. Almost impossible to get any information from a prior tax agent once they know that someone is leaving.
I always say that you have to look after yourself. If someone is rude/unfair to you, you sometimes just have to play the game. If you paid for the file through a tax agent, I would argue that you paid for what is in that file. I think you would have a strong case against that tax agent and once you tell them that you will take this further, e.g. contact CA/CPA and/or the tax practitioner board based on a breach of Ethics and professional standards, they will most likely transfer the file to you.
contact CA/CPA and/or the tax practitioner board based on a breach of Ethics and professional standards
Been there, done that. As I mentioned there's no obligation for the accountant to hand over data and these bodies will support the accountant rather than the complainant. Lawyer are just as bad. There's no accountability for these "professions".
@salmon123: Oh wow. That is just bad.
Guess we need to tell people about that and they should ask for a file transfer before terminating the relationship with the tax agent.
I've only ever used Xero, it's great. Would like to hear about issues with others as well.
Only issue seems to be the price increases
I’m trialling Zoho Books at the moment (trying to move away from myob). Seems to be okay so far. I think there’s a free plan if you don’t need fancy stuff like payroll, but I’m waiting for the trial to expire to confirm.
Please keep us posted. Would really be interested in this. I'm still using MYOB 15!
I didn't realise that I could convert to free plan immediately, so I did that.
You can do invoicing and expenses. No bills.
I think it'll be perfectly functional on the free plan.
That's all I use it for, I will check it out, thanks so much.
They'll still slug you with the new extortionate pricingn once the 6 months is up 😅
For those in the Xero "payroll only" plan that is soon to be RIP 🙏, there's a few cheaper alternatives like ClockOn and Payroller
Xero payroll will be gone soon? OMG… Maybe they should triple the price :P
I have literally just moved from xero to MYOB last month on the EOFY deal. $8 a month now. I was paying around $75-80 per month for xero.
Funnily enough, as I engaged MYOB to migrate my data over, I am now filled with bunch of NZ contacts and past invoices I am not familiar. I think they might have imported someone elses data into my account. 90% savings but I am already starting to regret my decision
Service based
2 employees.
10-15 invoices per month
No sales, no stockI do everything through Xero.
Accountant still charges me $3k per year.
Accountant still charges me $3k per year.
Accountants are worse than tradies when it comes to fixed price services. If you asked them how long they spend on your account every year, my guess is will than 5 hours … Making their rate $600/hour.
Sure there's accountants at the big four firms billing a lot more, but $600/hour for a high street accountant is a bit rich.
That is rough. I think you should shop around for a cheaper accountant. It would surprise me if you could not find any offers for $2k.
$3k might only be justified if your accounts are a mess or if you have lots of extra items that need to be completed throughout the year, e.g. lodge BAS, look after ASIC etc.
Based on what I have learned over the years, people do not like to change accountants. Fees increase every year by 5 to 10% and if you stay too long you pay way too much compared to a similar client with a similar business.
I think you should shop around for a cheaper accountant.
I think lots of small businesses can survive just fine without an accountant. After using an accountant for a year or two, you can copy a tax return and lodge it yourself. It use to be complicated for individuals to lodge a company return themselves, because a paper form was the only option. These days there's lots of 3rd party software that will let you lodge a company return. The ATO business portal is pretty handy for things like BAS/IAG lodgments.
IMO you only need an accountant when your affairs start getting complicated - inter-company loans, etc or perhaps if you need to get a mortgage and your bank insists on letters from your accountant, etc.
Is that 4 x BAS, payroll, book keeping and a tax return?
They have really good bank feed integrations. Even the top ERPs have trouble competing on that front.
Edit: I am surprised no one's mentioned Business Central but I guess it's not geared towards really small businesses. A bit more towards medium sized corporate type businesses.
Didn’t they stop supporting Australian business a few years ago?
Yes they did. Wave sent all Australian customers a year of paid tier Zoho Books for free when they left the Australian market.
Does anyone know if you are able to save a digital file of all data including images of receipts for ATO records if you close the business? I heard that you couldn't and would need to continue a subscription until the statute of limitations has been completed. We use Xero for our business and this seems a really annoying feature if accurate.We too agree with the previous comments, we are paying for all these cheap account promotions
Based on my knowledge with Xero you will lose access to your file once you stop paying. That said, I think Xero keep a copy of your file for several years and can reactive that copy in case you get audited and need access to it again.
Here is a post from their team: https://central.xero.com/s/question/0D53m00009HuII6CAN/data-…
If you do not want to click the link:
Hi Karen, when a subscription's canceled, the data contained within that subscription is archived and held by Xero for a period of 7 years. We do this to align ourselves with common small business retention guidelines. Archived data held within the subscription can't be accessed by anyone.
Once a subscription's been canceled in Xero, you'll still be able to get access to the data in the future should you need to. This can be done by reactivating the relevant subscription. If you want to reactivate your subscription or get access to your organisation’s data again, contact Xero support. Xero does not currently charge for storage of this information, but a subscription fee is required to be paid when the subscription is reactivated.
Xero recommends that all customers keep their own backups. Xero offers an export feature so various reports can be exported and held by yourself prior to cancelling the subscription.
We also advise taking a look at our Xero App Store for an Add-On Partner who can provide back-up solutions for your Xero data.
Hope this helps 😃
Thank you, that's a great help.
Hopefully they won't charge for all the months that have expired to reactivate🤔🤫
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Since the majors all went to subscriptions their prices have become exorbitant.
My old QuickBooks 2013 does everything I need it to but is a pain when I upgrade my pc.