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While Tonya could get it to do everything we needed, particularly after taking an online accounting class in 2018, it was neither easy nor enjoyable to use. It was capable but clunky, never really evolving beyond its 1990’s heritage. Over the years, MYOB went through numerous corporate transitions, and the app itself became known as AccountEdge. I don’t remember what we used originally-possibly MacMoney-but when it came time to set up a proper business accounting system, a financial adviser friend helped us configure and learn MYOB.

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You can, however, activate up to ten company files, which will probably be enough for most people. While this isn’t a problem if you only have one business, if you’re running several small businesses, this could end up being a pain. Finally, FirstEdge, like AccountEdge, requires you to activate every new company file you create, instead of just letting you register the program once. The program also lets you choose to view updated help documentation via the MYOB Web site, but while I was testing the program, the Web-based help was never available to me. While the program offers the ability to customize forms for your invoices, quotes, and checks, this feature is not as fully formed as the rest of the program, and it can leave you frustrated if you’re attempting to modify existing forms or create new ones. While FirstEdge lacks an integrated payroll system, it’s still possible to run payroll for your company using MYOB’s fee-based online payroll service and then import that data into FirstEdge once your payroll is complete.įirstEdge is not without its shortcomings. Now that those companies have merged, you can combine all your purchase information so that it falls under one company name. For example, imagine that you had two separate vendor accounts for cell phone service, one for Cingular and the other for AT&T.

MYOB has also added an option for you to combine vendor or customer accounts, so you can keep more accurate information about money you’ve spent or sales you’ve made. Now, FirstEdge allows you to go back and undo transactions, making it easier to correct errors in your accounts. In the past, fixing incorrectly entered transactions once you reconciled your bank accounts was nearly impossible. Unfortunately, though, this feature only works with data saved in the current version of FirstEdge, so you’ll only be able to view seven years worth of data going forward from the day you start using FirstEdge 3. Now, you can configure FirstEdge to keep up to seven years of transaction data, which you can view at any time.

Earlier versions of FirstEdge did not allow you to call up your transaction history from a previous year.

Accountedge basic cost upgrade#

Most of the new features in this version of FirstEdge appeared in the most recent upgrade to AccountEdge 2007, and they are welcome. Of course, the credit card feature does cost extra, but that is to be expected. It also offers you a free copy for your accountant and allows you to accept credit cards for customer transactions, a feature that even Intuit’s more expensive QuickBooks does not offer.

But FirstEdge does offer complete versions of AccountEdge’s major accounting modules. FirstEdge does lack some of AccountEdge’s high-end features: the program does not contain integrated payroll, inventory management, or time billing features.

Accountedge basic cost full#

Considering that MYOB already offers a full-featured business accounting package, it would be easy to assume that FirstEdge is a dumbed-down version of AccountEdge-a program with just enough features to entice you into forking over full price for the full version.