A cloud-based or on-premise accounting software for small to mid-sized companies with reporting, multi-ledger, and audit capabilities.
Adagio offers specialized solutions for various industries, including First Nations, nonprofits, construction, wholesale distribution, and business services. It also includes a range of modules for specific tasks:
The system offers a balance of enterprise-level features at a price point suitable for businesses scaling beyond entry-level accounting products.
We have installed the Adagio Accounting Suite in many First Nations. It is especially well suited to First Nation accounting because it handles the ever-changing environment well. Adagio allows for simple addition of accounts and departments which automatically populate to the financial statements. The ability to set departments as inactive and then have them ignored in the financial reports is key as many projects in First Nations are one-time or are only there for a year or two.
Adagio also handles Capital Project reporting well as it is very easy to set up a department for a project and produce a multi-year report for that project to track the costs and budget variances for the entire project even if it spans several year ends.
It is easy to train on as the menus are intuitive. Since Adagio is a batch accounting system it is also very easy to support the clients when there are mistakes to be corrected as correcting batches can be worked on without tying up the client’s data and then posted once they have been fully tested.
There are so many things: - Almost any report can be exported to Excel. This makes analysis extremely easy as Ledger listings, Payables listings, and other reports can be funnelled to Excel and then all of Excel's powerful functions are quickly available. - Adagio is continually being improved. The product was solid 20 years ago, now it is simply fantastic. - Full drill-down capability from within the modules or from the financial reports. - Very flexible financial reporter. Almost any imaginable financial report can be created to pull data from accounting transactions that have been entered.
Nearly every deficiency that we have brought to their attention has been addressed as new releases have come out. The only complaint would be about the Bank Reconciliation module, it is a powerful tool but it is also very complicated to set up and therefore makes is difficult to support. Fortunately the Bank Reconciliation module is totally optional and the product functions perfectly well without it.
We selected to use Adagio. It is a lesser known software package but had a lot of functionality we needed to track expenses on a detailed job basis. It was a batch system similar to AccPac but was a lot more user friendly and had more flexibility to it. Adagio has a reporting function that allows you to design your our reports based the information recorded in the system and allowed you to design it in the format you like. It has the ability to allow managers to view reports directly on their computers and not have to rely on the accounting staff to provide the reports to them.
the best part was the flexibility within the program making it easier and quicker to use once you know the system. It allows integration with the payroll systems that creates the accounting journal entry automatically and therefore eliminating a lot of extra work creating allocation spreadsheets. The conversion from our old accounting system to the new one was seamless.
As with any new software program there was a lot of training involved to learn the new system.