Xero is much much much simpler than MYOB which is now old and outdated and a terrible company to deal with. Just ask any accountant that uses the MYOB Accountants Office tax software which is a nightmare after they forced everyone to "upgrade" to their new version which reduces efficiency dramatically!
Definitely no problem with entering non-invoiced income - just code the deposit to sales - simple as. The auto reconciliation feature with auto bank feeds is fantastic. Can also add-on payroll which is not too bad although the integration is a pain.
It has a few frustrations for accountants but great for users.
Even better is BankLink although not so good now MYOB has bought it - they will probably stuff this company up as well now. Banklink can only be done via an accountant.
Not a fan of Cashflow Manager as it is just a glorified Excel spreadsheet not even close to a proper accounting system.
Definitely no problem with entering non-invoiced income - just code the deposit to sales - simple as. The auto reconciliation feature with auto bank feeds is fantastic. Can also add-on payroll which is not too bad although the integration is a pain.
It has a few frustrations for accountants but great for users.
Even better is BankLink although not so good now MYOB has bought it - they will probably stuff this company up as well now. Banklink can only be done via an accountant.
Not a fan of Cashflow Manager as it is just a glorified Excel spreadsheet not even close to a proper accounting system.