![]() The modules do a good job of shielding users from accounting terms, the mundane debits and credits. MYOB serves as an intuitive command center that offers quick access to its major features, and offers straight-forward modules for banking, sales, accounts, time billing, purchases, payroll and inventory. If you like, you can import financial data from Quicken and QuickBooks. The program’s set up assistant provided a generous number of sample accounts that can work for various service and retail businesses, and it walked us through the process of configuring the program for our fictional service and retail businesses. Straight from the box, MYOB Plus installed without a hitch on our test system. On the Mac, in addition, AccountEdge offers vCard compatibility that lets you drag and drop contact information to and from MYOB AccountEdge and other vCard compatible applications, which include the Mac OS X Address Book, Apple’s iPod and Microsoft Entourage. This memo field accepts a generous 255 alphanumeric characters on each line. Both programs have also added a useful new memo field that helps track why money was spent and where it was received. You can now view both cash or accrual-based balance sheets and profit & loss reports. The modified report viewer makes it easier to customize reports by applying scalable columns and filters, and preview printouts. MYOB has always offered thorough reporting capabilities with which to view and analyze data. MYOB Plus can track categories over specific periods or all of the time, and assign categories to all transactions or only to selected ones. The programs also track inventory movement, both cash and non-cash reconcile and recap inventory value on past dates and let users edit and modify inventory transfers.Įnhanced category tracking helps business owners track profits through multiple lines of business, funds, departments and categories and provides reports that are specific to each. The programs can now create an inventory audit path, provide running balances for quantities on hand and the value of items, and show how inventory arrived at current values and quantities. The biggest enhancement is improved inventory management. But these additions, while worthy, may not be enough to encourage most users to upgrade from prior versions. MYOB’s newest versions, Plus for Windows and AccountEdge for Mac OS X, come with several enhancements and new features. And on the Mac, there’s no reason to use any other program. MYOB’s programs offer relatively few Web-based features, but MYOB Plus version 12 is a definite contender in the Windows world that deserves more respect than it gets. And for the Macintosh, where the program generally rules, there’s AccountEdge for Mac OS X version 3 and the entry-level FirstEdge. For Windows - a crowded and competitive field that’s held mainly by Peachtree and Intuit’s QuickBooks - the company offers MYOB Plus version 12. A bigger player on the Mac than in Windows, MYOB offers powerful accounting solutions for small businesses.
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