Acclivity — AccountEdge 2010 for Windows

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From the April/May 2010 Review of Small Business Accounting Systems (Locally Installed).

Formerly known as Premier Accounting, AccountEdge 2010 from Acclivity has been completely updated with loads of new features and functions. Many of you may be more familiar with the product’s previous name, MYOB. Acclivity purchased the U.S. development portion of the company in November 2008, releasing its new and improved product in February 2010, just in time for this review.

BASIC SYSTEM FUNCTIONS:
Product installation was approximately 10 minutes, and setup was quick and easy, with no discernable problems. The main screen of AccountEdge 2010 contains a grid with large navigational icons at the top Users can access system modules through the menu bar at the top of the screen, which also provides access to lists, setup functions and reports. Clicking on a module displays a workflow interface with specific tasks detailed. Tabs are available at the bottom of the screen to access a to-do list, a find transactions function, reports and analysis. Each tab offers a lookup option. Data-entry screens are simple and uncluttered, with lookup fields and Help options available when needed. The AccountEdge user interface can also be customized to reflect personal preferences.

Various industry classifications are available, including agriculture, manufacturing, retail, services, and other. Users can also choose from 100 editable business templates during setup. And while the chart of accounts reflects the industry classification and business type selected during setup, all features work interchangeably with all business classifications and types.

CORE ACCOUNTING CAPABILITIES:
The AccountEdge GL includes the option to record journal entries, transfer money between bank accounts, set up recurring journal entries and view the transaction journal. The sales module handles all system receivables and allows for posting of payments, printing process invoices and printing receipts. Sales in the sales register can also be viewed along with quotes, orders, open invoices, and returns and credits. AP is handled under purchases, where bills can be paid and where both purchase orders and 1099s can be processed. The purchase register allows monitoring of all purchases, orders, open bills, and returns and debits.

Sales tax codes are set up under lists by entering the appropriate code, description, type of tax and corresponding percentage rate. The addition of new sales tax reports offers better reporting options. The company data auditor offers a company overview that provides general system information. A checkmark or a question mark will appear after running the review, noting where the user will have to research further. Also available is an audit trail report and a session report that will provide detailed system and user information. AccountEdge currently accepts multiple currencies, with new currencies and exchange rates easily set up and downloaded for accuracy. The program also supports a multi-user environment.