Xero
New Zealand-founded Xero has become Australia's most popular small business accounting platform. The Starter plan at $29 per month covers most sole trader needs. Strong BAS and GST features designed specifically for Australian tax requirements make compliance relatively straightforward for non-accountants.
MYOB
Australia's homegrown accounting software giant offers the most comprehensive ATO integration available. MYOB Essentials at $25 per month suits small businesses while AccountRight handles more complex manufacturing and inventory management needs.
Sole Trader Tip
Many Australian sole traders use Hnry which handles all tax obligations automatically for a 1% fee on income, removing the need for accounting software entirely for businesses with simple financial structures and straightforward income sources.