MYOB vs Quickbooks vs Xero vs Saasu Accounting Software Comparison Part 6

Xero

MYOB

Saasu

QuickBooks

Inventory

When it comes to inventory functionality not all of the accounting software products are offering it.

Building Inventory Items

Xero has no built-in inventory system, but as an alternative, users can access Unleashed Software for inventory functionality at an additional costs.

Inventory items are easily built and can be edited at any point in time.

Saasu allows for easy creation of inventory items. It also allows for import of inventory items from other programs.

QuickBooks enables users to build detailed inventory items.

Combining Inventory items

Xero has no built-in inventory system, but as an alternative, users can access 3^rd party add-ons which fully integrate with Xero at additional costs.

MYOB’s combined inventory items remove unnecessary items listed in your inventory. But users can also use a number of inventory items to build other inventory items as used in manufacturing.

Saasu’s inventory function allows for the building of new items from a number of existing inventory items in Saasu.

Quickbooks allows the building of inventory items from existing inventory and easy combining inventory for duplicates. Quickbooks online does not possess a comprehensive inventory function.

Changing Inventory Levels

Xero has no built-in inventory system, but as an alternative, users can access 3^rd party add-ons which fully integrate with Xero at additional costs.

MYOB can easily adjust or write off inventory via an inventory journal entry.

Saasu easily allows for the change in inventory levels via the add inventory adjustment function.

Users can make adjustments in inventory levels with the adjust quantity/value on hand inventory function in Quickbooks.

Managing Inventory

Xero has no built-in inventory system, but as an alternative, users can access 3^rd party add-ons which fully integrate with Xero at additional costs.

Overall MYOB has a great ability to manage a business’s inventory function with vast functionality.

Saasu has adequate functionality to process and manage business inventory whilst trying to maintain user simplicity.

Quickbooks overall possesses strong inventory management features which allow for end to end use of inventory.

Multi-Warehouse Locations

Xero has no built-in inventory system, but as an alternative, users can access 3^rd party add-ons which fully integrate with Xero at additional costs.

MYOB allows for multi-warehouse inventory management.

Saasu allows for management of inventory in different warehouses.  

QuickBooks provides multi-warehouse inventory function for better management of inventory.

Inventory Reports

Xero has no built-in inventory system, but as an alternative, users can access 3^rd party add-ons which fully integrate with Xero at additional costs.

MYOB once again possesses some of the best reporting capabilities in the market today with a good variety and vast customisability.

Saasu has limited reporting capabilities with 4 inventory reports to choose from.

Quickbooks possesses a wide variety of inventory reports which offer advanced customisability functionality.

Variety

Xero is continuing to come out with new reports regularly but still lags behind MYOB and Quickbooks in its reporting capabilities.

MYOB offers a large variety of reports. If a user regularly accesses a customised report, this report can be saved for quick access.

Saasu is continuing to develop its reporting offering. Saasu also lags behind MYOB and Quickbooks in reporting variety.

The variety of the financial reports in QuickBooks is excellent. Quickbooks online also offer a wide variety of reports.

Financial Reports

Customisability

Xero’s reports are not highly customisable aside from its ability to change the date parameters.

MYOB offers a high degree of customizability for the majority of its reports.

Saasu’s reports are not highly customisable except for its ability to report for a given period of time.

The majority of QuickBooks reports have a high degree of customisability.

Appearance and Graphs

Xero does not offer graphical displays but its reports are formatted well for viewing pleasure and easy to read.

MYOB does not offer graphs but its reporting formats are easy to read and the appearance of the reports to print or email can be changed.

Saasu does not offer a graphical display. Its reporting format is well placed for easy reader viewing.

QuickBooks provides graphical displays in various reports for visual effect. Quickbooks reports are well formatted making it easy for viewing.