Freshbooks vs MYOB vs HostBooks vs Xero Comparison
Freshbooks
Starting at $8 /month
- Free Trial
- Freelancers / Consultants
- Medium Business
FreshBooks' cloud-based accounting software makes it easy for anyone to invoice, manage payments, and track time from anywhere. It's simple, clean interface means you can categorize and invoice faster, so you can get bac…
MYOB
Starting at Contact for pricing
- Free Trial
- Individuals
- Large Enterprises
Introducing MYOB, the perfect solution for local businesses. Our software, in collaboration with the ATO, keeps you constantly updated with your invoices, ensuring timely delivery and easy tracking. With MYOB, expenses a…
HostBooks
Starting at Contact for pricing
- Free Trial
- Large Enterprises
- Medium Business
HostBooks accounting software is a cloud-based software that allows your business to send invoices, accept online check payments, manage inventory, track your time, run reports and more. It's powerful reporting allows yo…
Xero
Starting at $3.75 /month
- Free Trial
- Freelancers / Consultants
- Medium Business
Xero software is a cloud-based accounting system that helps businesses manage their finances, run payroll, and save time so they can focus on growing their business. This single platform connects all your finances and in…
Freshbooks leads on user satisfaction with a 4.6-star rating across 1,339 reviews.
Freshbooks vs MYOB vs HostBooks vs Xero — at a glance
| Feature | Freshbooks | MYOB | HostBooks | Xero |
|---|---|---|---|---|
| Rating | 4.6 / 5 | 4.3 / 5 | — | 4.7 / 5 |
| Reviews | 1,339 | 121 | — | 4,665 |
| Starting price | $8 /month | Contact for pricing | Contact for pricing | $3.75 /month |
| Free trial | Yes | Yes | Yes | Yes |
| Free version | No | No | No | No |
| Best for | Freelancers / Consultants, Medium Business, Small Business | Individuals, Large Enterprises, Medium Business | Large Enterprises, Medium Business, Small Business | Freelancers / Consultants, Medium Business, Small Business |
| Category | Accounting Software | Accounting Software | Accounting Software | Accounting Software |
| Integrations | — | — | — | 14+ apps |
| Platforms | SaaS/Web/Cloud, Mobile - Android, Mobile - iOS | SaaS/Web/Cloud, Mobile - Android, Mobile - iOS, Installed - Windows, Installed - Mac | SaaS/Web/Cloud, Mobile - Android | SaaS/Web/Cloud, Mobile - Android, Mobile - iOS |
| API | Available | Available | Available | Available |
| Support modes | Business Hours, Online | 24/7 (Live rep), Online | Business Hours, Online | 24/7 (Live rep), Online |
| Certifications | SOC 2, GDPR | GDPR | GDPR | SOC 2, GDPR, ISO 27001 |
| Data residency | Global | Australia | Global | Global |
Key differences between Freshbooks and MYOB
- Pricing: Freshbooks starts at $8 /month. MYOB pricing is not publicly listed.
- Target audience: Freshbooks is built for Freelancers / Consultants and Medium Business, while MYOB targets Individuals and Large Enterprises.
- User satisfaction: Freshbooks scores higher with a 4.6-star average.
- Deployment: Freshbooks supports SaaS/Web/Cloud, Mobile - Android, Mobile - iOS; MYOB supports SaaS/Web/Cloud, Mobile - Android, Mobile - iOS, Installed - Windows, Installed - Mac.
Compare Freshbooks vs MYOB vs HostBooks vs Xero — and walk away knowing which one fits.
Which tool fits your team best
Which is actually cheaper for your team size
Where each product wins, per real buyers
Most Accounting Software tools look identical on paper. This comparison cuts to the differences that matter — pricing structure, team fit, and what real buyers found after signing up.
Biggest differences
Features
Pricing
Buying details
Security
Buyer feedback
Integrations
Product tour
Other options
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Biggest differences
Start here before you go deeper into features.
Best for small businesses needing simple, integrated invoicing and time tracking.
- You are a freelancer or small business owner seeking easy invoicing and expense management.
- You want a user-friendly platform with minimal setup and a clean, intuitive interface.
- You value responsive, personalized customer support and built-in time tracking features.
- Your business requires advanced financial reporting and deep customization options.
- You need integrated payroll functionality within your accounting software.
Best for small to mid-sized businesses needing comprehensive, automated accounting.
- You require strong integration with local tax authorities for compliance.
- You want automated bank feeds and payroll to reduce manual bookkeeping.
- Your team includes accountants or bookkeepers who benefit from collaboration features.
- You need a modern, highly intuitive user interface and design.
- You have a tight budget sensitive to subscription and add-on costs.
Best for mid-sized businesses needing integrated, real-time financial management.
- You want an all-in-one platform combining accounting, tax filing, and compliance.
- Your team values a user-friendly interface for both novice and experienced finance users.
- You need customizable, real-time financial reports and analytics.
- You are a very small business with minimal accounting needs.
- Your company requires highly specialized or industry-specific accounting features.
Best for small businesses needing user-friendly, cloud-based accounting with strong support.
- You are a small business or professional services firm with up to 50 employees.
- You want an intuitive interface with real-time collaboration for multiple users.
- You value highly responsive and knowledgeable customer support for troubleshooting.
- You are a large enterprise requiring complex, multi-entity accounting features.
- You need extensive self-service options for advanced accounting processes without relying on support.
Freshbooks: Best for small businesses needing simple, integrated invoicing and time tracking. MYOB: Best for small to mid-sized businesses needing comprehensive, automated accounting.
Description | FreshBooks' cloud-based accounting software makes it easy for anyone to invoice, manage payments, and track time from anywhere. It's simple, clean interface means you can categorize and ... Read More about Freshbooks | Introducing MYOB, the perfect solution for local businesses. Our software, in collaboration with the ATO, keeps you constantly updated with your invoices, ensuring timely delivery and easy ... Read More about MYOB | HostBooks accounting software is a cloud-based software that allows your business to send invoices, accept online check payments, manage inventory, track your time, run reports and more. ... Read More about HostBooks | Xero software is a cloud-based accounting system that helps businesses manage their finances, run payroll, and save time so they can focus on growing their business. This single platform ... Read More about Xero |
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Spotsaas ScoreWhat's this? ↗ | 9.6/10 | 9.3/10 | 8.8/10 | 9.6/10 |
User RatingsBased on verified Spotsaas reviews | ||||
Best Company Size | 1-50 employeesSmall businesses | 1-50 employees51-100 employees | 10 to 50 employees51 to 500 employees | 1-50 employeesSmall Business |
Get pricing help | Get pricing help | Get pricing help |
Where each option fits best
See where each product is strongest, which teams it fits, and what causes buyers to keep looking — before you commit.
Based on buyer reviews and verified product data collected by Spotsaas.
Key strengths
- Streamlined Invoicing: FreshBooks automates invoicing, allowing you to send professional-looking invoices in just a few clicks. You’ll appreciate how quickly you can get paid, improving your cash flow.
- Time Tracking Made Easy: With built-in time tracking features, both you and your team can easily log billable hours. This not only ensures accurate billing but also helps in managing project timelines effectively.
- Expense Management Simplified: FreshBooks enables users to effortlessly categorize and track expenses by snapping photos of receipts. This means less time spent on paperwork and more time focusing on strategic initiatives.
- Streamlined Financial Management: With MYOB, we can effortlessly manage our financial processes, from invoicing to payroll. This ensures that our team spends less time on paperwork and more time focusing on growth.
- Real-time Reporting: MYOB’s robust reporting tools provide us with instant insights into our business performance. This allows us to make informed decisions quickly, keeping us ahead of the competition.
- User-friendly Interface: Designed with usability in mind, MYOB is intuitive for all team members. Whether you're a seasoned accountant or a business manager, navigating the software feels seamless and straightforward.
- Streamlined Financial Management: With HostBooks, you can effortlessly manage your accounting, tax filing, and compliance tasks all in one platform. This integration means less time juggling multiple systems and more time focused on strategic decision-making.
- User-Friendly Interface: Designed with ease of use in mind, HostBooks allows both seasoned accountants and those new to finance to navigate the software with confidence. You’ll appreciate how quickly your team can adapt, reducing the learning curve significantly.
- Real-Time Insights: HostBooks provides real-time analytics and reporting features that empower you to make informed financial decisions. You’ll have access to critical data at your fingertips, allowing for timely adjustments in strategy.
- Streamlined Financial Management: With Xero, you can effortlessly manage your business finances in one place. Users often appreciate the intuitive dashboard that provides a clear overview of cash flow, invoices, and expenses at a glance.
- Real-Time Collaboration: Xero allows multiple users to access and work on financial data simultaneously. This feature fosters collaboration among teams, ensuring everyone is aligned and up-to-date without the hassle of emailing spreadsheets back and forth.
- Automated Processes: Say goodbye to tedious manual entries! Xero automates recurring invoicing and bank reconciliation, saving you precious time that you can redirect towards strategic planning and growth initiatives.
Best fit
- 1-50 employees
- Martech, SaaS, Consulting, Freelancing, Creative Services
- Small Business Owners, Freelancers, Accountants, Project Managers, Financial Administrators
- 1 to 100 employees
- Fintech, Consulting, Retail, and Professional Services
- Accountants, Financial Managers, Business Owners, and Bookkeepers
- 10 to 500 employees
- Fintech, SaaS, Consulting, and E-commerce
- Finance Managers, Accountants, CFOs, and Business Analysts
- 1-50 employees
- Accounting, Retail, Hospitality, Non-Profit, Professional Services
- Accountants, Bookkeepers, Business Owners, Finance Managers, Operations Managers
Reasons buyers look elsewhere
- Users may seek alternatives to Freshbooks due to its pricing structure, as smaller businesses or freelancers might find more cost-effective solutions that offer essential features without the added expense.
- Some users might require more advanced project management capabilities, prompting them to explore alternatives that integrate robust task tracking and collaboration tools within their invoicing software.
- A desire for greater customization options can lead users to consider other platforms that allow for personalized invoicing templates and tailored workflows to better fit their unique business needs.
- Users may seek alternatives to MYOB if they require more advanced features, such as comprehensive reporting tools or integrations with other software, which may not be fully supported by MYOB’s offerings.
- Businesses experiencing rapid growth might look for scalable solutions that can adapt to their evolving needs, as MYOB might not provide the necessary flexibility for larger operations.
- Some users may find MYOB's user interface challenging or less intuitive, prompting them to explore alternatives that offer a more user-friendly experience and better customer support.
- Users may seek alternatives to HostBooks if they require more tailored accounting features that cater to specific industries, as some competitors offer specialized solutions that better fit unique business needs.
- Cost-effectiveness is a common reason for exploring alternatives; users might find similar functionalities at a lower price point with other accounting software, making it financially appealing.
- Businesses with scalability needs may look for alternatives that provide enhanced integration capabilities with other tools or platforms, allowing for smoother growth and operations as their requirements evolve.
- Users may seek alternatives to Xero due to its pricing structure, especially for small businesses or startups that require budget-friendly accounting solutions without compromising essential features.
- Some businesses might find Xero’s interface challenging, prompting them to explore options that offer a more intuitive and user-friendly experience for their team members.
- Companies with specific industry needs might find that Xero lacks certain tailored functionalities, leading them to consider alternatives that provide specialized features for their sector.
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How do Freshbooks, MYOB, HostBooks and Xero Compare on Features?
Total Features | 17 Features | 17 Features | 25 Features | 17 Features |
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Unique Features | No unique features | No unique features | No unique features | No unique features |
Get Quote | Get Quote | Get Quote |
Compare Freshbooks, MYOB, HostBooks and Xero on pricing
Review starting price, plan structure, and free-trial access side by side so you can see which option fits your budget and buying process.
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Other Details
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Get help choosing | Get help choosing | Get help choosing |
Security & Compliance
Certifications, data handling, and security controls for IT and compliance evaluators.
SOC 2 | ✓ Yes | — | — |
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HIPAA | ✗ No | ✗ No | ✗ No |
GDPR | ✓ Yes | ✓ Yes | ✓ Yes |
ISO 27001 | — | — | — |
Single Sign-On (SSO) | ✓ Yes | ✓ Yes | — |
Multi-Factor Auth (MFA) | ✓ Yes | ✓ Yes | — |
Data Encryption | ✓ Yes | ✓ Yes | ✓ Yes |
Audit Logs | ✓ Yes | ✓ Yes | — |
Data Residency | 🌐 Global | 🇦🇺 Australia | 🌐 Global |
Freshbooks vs MYOB vs HostBooks User Reviews & Rating Comparison
User Ratings | No reviews available for the product | |||
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Rating Distribution | ||||
Spotsaas Editor’s POV generated by AI | Buyer sentiment Overall positive sentiment highlights FreshBooks as an easy-to-use, efficient accounting tool ideal for small businesses and freelancers, with praise for its customer support and core features but some concerns about reporting depth and occasional technical issues. What buyers like
Common complaints
| Buyer sentiment Overall positive sentiment highlighting MYOB’s comprehensive features and ease of use, tempered by concerns over customer support and software reliability. What buyers like
Common complaints
| Buyer sentiment Overall sentiment data is unavailable, but product benefits highlight ease of use and integrated financial management as key positives. What buyers like
Common complaints
| Buyer sentiment Overall positive sentiment highlights Xero's ease of use and excellent customer support, though some users note challenges with initial support access and advanced features. What buyers like
Common complaints
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Pros and Cons |
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Positive Reviews | No reviews available for the product | No reviews available for the product | No reviews available for the product | No reviews available for the product |
| Negative Reviews | No reviews available for the product | No reviews available for the product | No reviews available for the product | No reviews available for the product |
Integrations
Integration with other apps | No Integration information available. | No Integration information available. | No Integration information available. |
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List of Customers
Customers |  FreshBooks | No Customers information available. | No Customers information available. |  Coco cubano |
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Media and Screenshots
Screenshots |  3 Screenshots |  4 Screenshots | No screenshots available. |
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Videos |  2 Videos |  4 Videos |  4 Videos |
Alternatives
Alternatives |
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
Frequently asked questions
- Which is better, Freshbooks or MYOB?
- Freshbooks edges out the other on user ratings (4.6 vs 4.3). That said, the best pick depends on your use case — use the comparison tables above to evaluate each dimension.
- Do Freshbooks and MYOB offer a free trial?
- Yes, both Freshbooks and MYOB offer a free trial.
- What is the starting price of Freshbooks vs MYOB?
- Freshbooks starts at $8 /month. MYOB starts at Contact for pricing.
- What are the top alternatives to Freshbooks?
- Top alternatives to Freshbooks include Xero, Zoho Books, Quickbooks, FreeAgent, QuickFile.
- What are the top alternatives to MYOB?
- Top alternatives to MYOB include Xero, Zoho Books, Quickbooks, Freshbooks, FreeAgent.