Conclusion
Which accounting software is better? It really depends on which one is a better fit for your specific needs. Both MYOB (aka ABSS) and Xero are popular choices among the SME and accounting firms in Singapore.
Should you prefer a desktop-based accounting software with one-time payment, go for MYOB (aka ABSS) without hesitation. However, should you need a cloud-based accounting software, then Xero will be a better choice for you.
If you are an SMEs in Singapore, there is absolutely no reason for you not to hop on to MYOB (aka ABSS) or Xero accounting software today. Both MYOB (aka ABSS) and Xero are pre-approved accounting solution under IMDA Productivity Solutions Grant (PSG), allowing you to claim up to 80% subsidy (for your software, implementation and user training) when you sign up for it.
Find out more on MYOB (aka ABSS) and Xero Pre-Approved Packages and your eligibility here.