Software Reviews

Best Accounting Software for Sole Traders in Australia 2026

Sole traders don't need the same complexity as a company. Here's what actually works for Australia's self-employed.

What Sole Traders Need

Australian sole traders need accounting software that handles: income tracking, expense recording with receipt capture, BAS preparation (if GST registered), end-of-year reports for their tax agent, and bank reconciliation. They generally don't need payroll, invoicing for corporate clients, or complex multi-entity reporting.

Popular Options

  • Xero Starter ($29/month): Excellent but potentially overkill. Good if your accountant requires Xero.
  • MYOB Essentials ($15/month): Simpler than Xero, solid AU compliance. Adequate for basic sole trader needs.
  • QuickBooks Simple Start ($15/month): Intuitive but less popular with AU accountants.
  • Franked (Coming soon): Purpose-built for reseller sole traders. Platform imports, per-item COGS, Australian tax compliance.

Choosing the Right Tool

For reseller sole traders, the critical question is whether the software understands your business model. General tools require manual workarounds for platform imports and COGS. Purpose-built tools handle these natively. See our sole trader setup guide and complete software comparison.

Franked makes this easy. Join the waitlist to be first when we launch.

Ready to take control of your reseller finances?

Franked is built specifically for Australian resellers. Join the waitlist to be first when we launch.