With Xero, MYOB and QB all recently updating their pricing structure for 2020, it's timely to review the list of feature and pricing comparisons across the different plans on offer.
One notable new feature for Xero is the inclusion of Hubdoc sue to its recent acquisition. You previously had to pay US$ 20 /month per user and this is now included in your Xero subscription for FREE. Hubdoc automatically uploads your supplier invoices for approval into Xero and also applies the appropriate expense code based on history.
Here's the basic monthly fees including GST and major product differences for each of the cloud based bookkeeping software as at March 2020:
|Bookkeeping Software||MYOB Account Right Live||QuickBooks Hosted||XERO||SAASU|
|Basic Monthly Package (No Payroll)||$74||$20||$27||$15|
|Basic Monthly Package (1 Payroll)||$15|
|Medium Monthly Package||$120||$35||$52||$40|
|Premium Monthly Package||$150||$50||$67 (5 staff)||$70|
|Detailed Job Costing||Y||Y||Y||N|
|Pay Suppliers and Payroll directly from software||Y||N||Y||N|