Best Xero Alternative in Australia (2024)

If you're looking for an affordable Xero alternative in Australia, you're in good company. Xero's pricing has risen significantly — and many Australian small businesses are paying for features they simply don't need.

This guide compares Finsori, Xero, and MYOB across the features that matter most to Australian small business owners: BAS lodgment, Single Touch Payroll, pricing, and AU-specific compliance.

Why Australian Businesses Look for Xero Alternatives

Pricing. Xero's AU plans start at $32/month for basic features and hit $97/month for full payroll and multi-currency. Plus, adding team members costs extra.

Complexity. Xero has hundreds of features. Many small businesses use 20% of what they pay for.

STP complexity. Single Touch Payroll is mandatory, but Xero's implementation requires setup that can confuse first-time users.

Finsori vs Xero vs MYOB (Australia)

Finsori

| Feature | Support | |---------|---------| | BAS lodgment (ATO SBR) | ✅ Direct | | Single Touch Payroll (STP Phase 2) | ✅ Built-in | | Superannuation calculation | ✅ Included | | Multi-currency | ✅ Included | | Invoicing | ✅ Unlimited | | Bank reconciliation | ✅ Automatic | | Per-user fees | ✅ None | | Starting price | AUD $19/mo |

Xero

| Feature | Support | |---------|---------| | BAS lodgment | ✅ | | STP Phase 2 | ✅ | | Superannuation | ✅ | | Multi-currency | ⚠️ Premium only | | Per-user fees | ❌ Yes | | Starting price | AUD $32/mo |

MYOB

| Feature | Support | |---------|---------| | BAS lodgment | ✅ | | STP Phase 2 | ✅ | | Superannuation | ⚠️ Add-on | | Modern UI | ⚠️ | | Starting price | AUD $27/mo |

Pricing Comparison (AUD/month)

| Plan | Finsori | Xero | MYOB | |------|-----------|------|------| | Starter | $19 | $32 | $27 | | Mid-tier | $39 | $65 | $60 | | Full features | $69 | $97 | $110 |

Finsori includes payroll and STP at all plan levels. Xero and MYOB charge separately for payroll on lower tiers.

AU-Specific Features That Matter

BAS lodgment: All three products support direct ATO lodgment via Standard Business Reporting (SBR). Finsori makes this one click from your dashboard.

Superannuation: From 1 July 2024, the super guarantee rate is 11.5%. Finsori calculates and tracks this automatically.

STP Phase 2: The ATO's expanded Single Touch Payroll reporting is mandatory. Finsori is fully STP Phase 2 compliant.

Fuel tax credits: If you use heavy vehicles, Finsori tracks fuel tax credit entitlements as part of BAS preparation.

Which Should You Choose?

Choose Finsori if: You want straightforward BAS and payroll compliance without paying for features you don't use. Flat pricing, no surprises.

Choose Xero if: You need advanced inventory, complex project tracking, or many third-party integrations. Your accountant may also require Xero specifically.

Choose MYOB if: You have an accountant who strongly prefers MYOB and the switching cost is too high.

Making the Switch

Switching from Xero to Finsori is straightforward. Export your Xero data and use Finsori's import tool to bring in your chart of accounts, contacts, and historical invoices.

Start a free 30-day trial of Finsori — no credit card required.

Frequently Asked Questions

Is Finsori ATO-compliant for BAS? Yes. Finsori lodges BAS directly via ATO SBR (Standard Business Reporting) and is compliant with all current ATO requirements including STP Phase 2.

Can I import from Xero? Yes. Use Xero's data export and import into Finsori. Your contacts, chart of accounts, and historical invoices transfer.

Does Finsori handle super guarantee increases? Yes. Super guarantee rates are updated automatically. The current rate (11.5% from July 2024) is applied to all pay runs.

What about TPAR (taxable payments annual report)? Finsori tracks taxable payments to contractors and generates the TPAR for lodgment with the ATO.

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Also see: How to Lodge a BAS in Australia · Superannuation Employer Obligations 2024