Inventory is one of the most complex areas in your cloud accounting software. At present, Xero does not offer a perpetual inventory system. That is, it is not possible to get a “quantity on hand”. Xero allows you to itemize your invoices by inventory item, but you need a add on solution to get the more advanced inventory features.
MYOB on the other hand, offers a reasonable inventory solution, via the inventory command centre. There is a lot to understand and learn about inventory, MYOB offers a whole day course just on this command centre. If you are using inventory in your business, and have not taken training about the area, we would highly recommend bringing CloudCounting in for a consultation to check your set up and ensure inventory is in balance.