AccountEdge
9 Reviews 3/5 ★ ★ ★ ★ ★A desktop accounting software for small businesses that includes financials, inventory, expenses, time tracking, contact management, invoicing, banking, and payroll.
Product Overview
AccountEdge is a small business accounting software that helps business owners organize, process, and report on their financial information so they can focus on their business. Its feature set includes accounting, integrated payroll, sales and purchases, contact management, inventory tracking, time billing, and more.Pros
- Progress billing
- Offers departmental and multi-currency accounting features
- Data conversion from QuickBooks or other AccountEdge system
Cons
- Lack of search capabilities
- Billing system is through AccountEdge Connect and not base program
- No cloud-based option
Target Market
Small businesses and start-ups are looking for affordable offline accounting software.AccountEdge Features
- Invoicing: Create and send invoices for products, services, or time, with capabilities to track open sales payment status.
- Expenses: Track inventory and overhead costs by managing purchases, vendors, payments, and recurring transactions.
- Banking: Integrate with bank feeds and use auto-matching for account reconciliation.
- Payroll: Manage employee pay, accruals, and expenses, ensuring compliance with the latest payroll tax tables with an optional payroll service.
- Inventory: Keep track of items and services, managing stock by location to meet customer needs effectively.
- Accounting: Maintain general ledger and budgets, and generate financial reports for informed business decisions.
- Contact Management: Store details of leads, customers, vendors, and employees in one place for efficient use in various business operations.
- Time Tracking: Manage project or job-based work with custom billing rates and employee time tracking using time sheets or activity slips.
- Data Management: Handle data through imports/exports and on-screen analysis operational insights.
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User Reviews of AccountEdge
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- Internet Software & Services
- 1-10 employees
- Annual revenue $0-$1M
AccountEdge Review
Equal to Quickbooks Enterprise at 1/4 the cost
Pros
Cross platform datafile
Cons
Mac version is a windows emulator
- Industrial Conglomerates
- 1-10 employees
- Annual revenue $0-$1M
Ups and downs in the past, but overall it was a good experience
Ups and downs in the past, but overall it was a good experience till it lasted!
Pros
I have used the AE & MYOB before that for 30 years, loved it... I am on a Mac, of course and I hate cloud base software... sorry.
Cons
In the last few years it became subscription base (I hate it), cloud base (I hate it) and not supporting newer MacOS in their desktop version... So if anybody has a suggestion for a similar program to change to... that is what I am looking for... thanks
Exceptional at handling inventory, sales, and purchases
I want to start by saying I am an accountant/software specialist and I have been supporting Accountedge for 30 years. I also support Quickbooks, but I am certified consultant for Accountedge.
That been said, I wanted to jump in here and clarify some statements that were made in other reviews. First, you can keep up to 7 years of records in one data file. It is advised to keep copies before closing a year. Secondly, the developers tried to upgrade the product to work with Catalina, but it would have required a total rewrite of the product. The PC version and Mac product are cross platform. Both versions will continue to be updated for both Windows & Mac and are nearly identical in the interface. As well there is an IOS ap that is free and can sync with the desktop version. There are workarounds to allow Accountedge to work on a Mac running Catalina.
I also want to mention that Accountedge is exceptional at handling inventory, sales and purchases at the price point. Far superior to QB. And you get a lot more bang for your buck with AE. As I said, I support both but I much prefer Accountedge for many reasons.
Pros
One time purchase. Updates are optional. Has many features that are found in much more expensive programs. Integrates with Shopify for online sales. Easy of use. File can be read by Mac or pc version.
Cons
Nothing within the program. Unfortunate that it cannot run natively on Mac Catalina, but there are options available
Love the simplicity and ease it makes the accounting
I have used accountedge pro and it’s earlier versions since it was MYOB. I love the simplicity and ease it makes the accounting of running your business.
Pros
I have used and love the low cost payroll feature that lets me enter the payroll via an import of timecards. It keeps all the forms and tables up to date. There are lots of useful reports including the ability to track jobs.
Cons
The new owner company Priority has killed the main reason I started using Accoutedge. Mac compatibility! In it's beginning it was the only good option for accounting on the mac. It proved again to continue that when Quickbooks decided to end upgrades for mac in 2000. Quickbooks learned and came back to it in 2007 I think. But I stayed with Accountedge and now I am being required to use a Windows host in the cloud or not upgrade my mac. I also spent 17min on hold with tech support before agreeing to leave my number for a call back. I use to get right through (yes for the last 20 years tech support was responsive and helpful) . Now, not so much.
Good for simple accounting but stuck on old OS
AccountEdge Pro has done the job for me for several years but they are unable to upgrade to Catalina OS so eventually Mac users will be forced to another option.
Pros
It's cheap and you are not forced to upgrade or pay annually / monthly.
Cons
You can only keep 2 years of records in the system at any given time.
- Professional Services
- 1-10 employees
- Annual revenue $0-$1M
leaving their customers on the advanced Mac operating system with no support
Double entry bookkeeping system, that was downloadable for use with multiple businesses and currencies and full reports for Financial Statements.
Pros
I liked that it was somewhat affordable and could be downloaded onto the old Mac platform.
Cons
Unfortunately, they are leaving their customers on the advanced Mac operating system with no support. Very aggravating after only 9 months with them.
Always has been the easy to use and fairly complete
I have used AccountEdge and earlier versions of this software (myob) for 30 years. Always has been the easy to use and fairly complete. There are no customizations you can do as a user, the reports are rather limited, but there is an ODBC connector that you can use with MS-Access to get lots of reports.
Pros
Easy to use ODBC connector You can fix mistakes
Cons
Poor Network Performance. It works best as a stand alone system. Once two people are on the system, forget it. It is terrible. Lack of Reports
AccountEdge Review
I did not like the interface, and there was no import facility from Sage accounting.
- Industrial Conglomerates
- 1-10 employees
- Annual revenue $0-$1M
Very friendly to use
10/10
Pros
Very friendly to use. For example, if I make a mistake on an invoice, I can just go in and put a new invoice and deal with it... no need to reverse or re-do items. Great customer service. Any time I have a question, they handle it. If it's a long wait, they will call me right back. I have not used any guides or needing to bring someone on-site to help as I can easily figure it out on my own or read a help article.
Cons
For now I do not see anything it needs to improve on.
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