Brandon, MB––September 18, 2019: AccountEdge Pro –previously known as MYOB AccountEdge was acquired by Acclivity Software in 2008. In January 2018, Acclivity was acquired by Priority.
AccountEdge Pro allows businesses to organize, process, and report on their financial information, giving users control over their business that involves accounting, integrated payroll, sales and purchases, contact management, inventory tracking and more. This software works well with all types of small and medium-sized businesses and is mostly used by companies who sell, build and manage inventory items.
According to John Rocha, Technical Services Manager of E-Tech, crucial features of the software include accounting and general ledger, sales and purchase tracking, e-commerce with Shopify, financial reports and contact management.
While the software gained its share of recognition, users have often complained of a steep learning curve and limited integrations that annihilate its spot as number one. Additionally, users are required to pay extra for phone support.
As AccountEdge is mainly locally-installed, security is handled on your personal server. Because the company has no access to your account or information, security such as firewall precautions and data backups are the user’s lookout.
With QuickBooks Online, businesses can manage their accounts such as creating and sending professional invoices and estimates, organizing daily expenses, tracking of payments and recording of sales, customized tax rates for businesses, P&Ls and Balance Sheets from anywhere. Since QuickBooks is cloud-based, a username and password is all you would need to access your file.
As for pricing, AccountEdge comes with a one-time fee of $399, while QuickBooks has comes at a price of $5.00 per month. Crozscore shows an overall satisfaction rating of 82 percent for AccountEdge and 86 percent for QuickBooks.
With all the cards stacked in favour of QuickBooks, it comes as no surprise that businesses are actively switching to QuickBooks from AccountEdge.
E-Tech spares no effort when it comes to the migration of data from AccountEdge to QuickBooks. E-Tech will access the data directly from a copy of your MYOB file and reformat it so it can be directly entered into QuickBooks programmatically. All standard lists -customers, vendors, employees, accounts, items, shipping methods, customer messages, payment terms, categories and jobs- and the open posting transactions -unpaid invoices, unpaid bills and unused credits- are converted so you won’t be left wondering if you missed receiving a payment from a client or forgot to pay a bill.
Non-posting transactions as well as Inventory quantities and values are also transferred. Journal entries are then made for each fiscal year end to keep the balance sheet as well as profit and loss the same in the QuickBooks file as they were in the AccountEdge file.
For more information, visit https://e-tech.ca/AccountingEdgeMYOB-to-Quickbooks-Conversion.aspx
Founded in 2001, E-Tech is a leading file repair, data recovery, and data conversion services provider in the United States and Canada. The company works to stay up to date on the latest technology news, reviews, and more for their customers.
For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at [email protected]
To learn more about the company, visit: www.e-tech.ca