When is MYOB going to have the imported bank statement balance available through the bank reconciliation, like Xero does?? This would eliminate the need to ask clients for their bank statements each ...
I use both and have had a couple of situations in Xero where the bank account says it's reconciled but when I check the statement, it isn't - credit cards only so far. I will always check a balance against a statement to ensure the reconciliation is correct, even if it's just the closing balance for the year, quarter or month.
I also find the Bank Reconciliation function in MYOB allows me to reconcile any account such as the Superannuation Liability account to ensure correct coding for these. In Xero, I have to Export non-bankfeed accounts and Reconcile in an Excel spreadsheet which is more time consuming than the MYOB Bank Reconciliation function.
I love the Undo Reconciliation function when something is out of whack and needs reworking but I do find the MYOB web browser versions of the Bank Reconciliation is often inaccurate and transactions can disappear and reappear which makes reconciling a pain. The Desktop version is much better but very expensive so pro's and con's.