Xero, MYOB and QuickBooks Are Going Up in Price
If you run your books on Xero, you may have already seen a notice. Prices are rising from 1 July 2026.
This is not a one-off. All three major platforms have raised prices more than once in recent years. Here is what is changing, and what to check on your own plan.
What’s Actually Changing
Xero has confirmed a price increase for Australian subscribers from 1 July 2026. This follows several earlier rises. The entry-level plan alone has already climbed by around 40 percent over recent years.
MYOB and QuickBooks have moved too. QuickBooks plans now start from $37 a month, up from earlier pricing. Most small businesses end up needing a higher tier than the entry plan once basic features run out.
None of this means you are being overcharged. It does mean your bill today may not match what you budgeted for last year.
Why This Keeps Happening
Cloud software companies update pricing regularly. New features get added. Support and compliance costs rise. Some of that cost flows through to your monthly fee.
This is simply the nature of subscription software. The fix is not to fight the rise. It is to make sure you are still on the right plan for what you actually use.
The Hidden Cost Most Businesses Miss
Payroll is rarely included for free once you have staff. QuickBooks charges payroll separately, at around $8 per employee per month. MYOB and other platforms add similar charges.
With five employees, that can add $40 or more to your monthly bill. Many business owners forget to include this when comparing platforms or reviewing their current cost.
A Quick Check Worth Doing Today
Log into your accounting software account settings. Check which plan you are actually on, not which one you signed up for originally.
Many businesses outgrow their starting plan and quietly upgrade over time. Some end up paying for features they barely use. A five-minute review can catch both problems.
Should You Switch Platforms?
Switching is possible, but it is rarely simple. Moving your data, reconciliation history, and attachments between platforms takes real time and effort.
For most small businesses already set up and working well, staying put and reviewing your current plan makes more sense than switching entirely. Switching is worth considering only if your current platform genuinely no longer fits your business size or needs.
What to Do Now
Check your current plan tier, not just your monthly bill. Confirm it still matches what your business actually needs.
Add up your full software cost, including any payroll or add-on charges, not just the base subscription fee.
Compare against your bookkeeper’s quoted rate. Some bookkeeping packages include software cost. Many do not.
Review this every year, since pricing on all major platforms has changed more than once in recent years.
Frequently Asked Questions
Will my price definitely go up? If you use Xero, a price rise is confirmed from 1 July 2026. Check your account directly for your specific plan’s new cost.
Is switching to a cheaper platform worth it? Sometimes, but migration takes real effort. It is usually only worth it if your current platform no longer fits your business.
Does my bookkeeper’s fee include software? Not always. Always ask directly whether your software subscription is included in your bookkeeping quote.
Get a Clear, Honest Quote Talk to Edulink
Software costs are just one part of your total bookkeeping spend. We keep pricing simple and transparent.
Edulink Payroll Services charges $750 per employee, per year, covering payroll, compliance, and reporting, for small and medium businesses across greater Sydney and Campbelltown.
Have more employees? Call us for a discounted rate.
📞 Call us today: 04 044 71 816
Edulink Payroll Services | Campbelltown & Greater Sydney | Call 04 044 71 816
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