AccountEdge also includes a new integrated direct-deposit feature that allows you to make electronic funds transfers (EFTs) to vendors and process payroll without having to write, print, or sign any checks. Once you’ve set up your customers to use a credit card, AccountEdge retains their information, so processing future transactions is easy.
A new MYOB Merchant Account Service allows you to process credit card transactions from within AccountEdge. AccountEdge’s updates facilitate the processing of electronic banking transactions. But several new features will enhance the way you do business with customers and vendors, and will make it easier to process employee payroll. If you’ve used previous versions of MYOB’s AccountEdge, you won’t notice many differences in this version’s functionality or interface. None of these features will make you stand up and shout, but they are significant improvements over version 5.
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QuickBooks’ other new features include one-click export of reports to Excel spreadsheets (another boon for cross-platform file sharers), better customization of the program’s toolbars, automatic file backups, and the ability to check for software updates from within the program.
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This option requires that the recipient on the Windows side treat the Mac data file as a QBW backup file and “restore” the data. Getting data files to a QBW user still isn’t as easy as giving the person your Mac data file - the procedure with AccountEdge, MultiLedger, and MoneyWorks - although Intuit has made the process clearer by adding a Create A File For QuickBooks For Windows option to the File menu. In fact, its most significant new feature is its ability to open QBW data files, so users can finally transfer data both ways. QuickBooks is now much better at sharing data files with QuickBooks for Windows (QBW). QuickBooks remains intuitive and easy to use, making business accounting as easy as entering checks in the register of your personal checkbook. While these are welcome and necessary, I wish it offered more. Version 6.0 sports only a few new features and minor improvements. Unfortunately, one year later, not much has changed.
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QuickBooks Pro 5.0 last year ( April 2003), the program was not much different from the product Intuit had dropped from production in 1997, and it was significantly less impressive than its Windows counterpart. When I reviewed Intuit’s business accounting package Two of the usual suspects, AccountEdge and QuickBooks, as well as MoneyWorks, are excellent solutions for users with demanding accounting needs, while the inexpensive and aptly named TinyBooks provides good tools for tracking basic income and expenses. And they all offer text or graphical reports.
All of them feature an array of accounting tools suitable for a variety of business needs, from basic income and expense tracking to payroll management.
I looked at five accounting packages: CheckMark Software’s MultiLedger 6.0.7, Cognito Software’s MoneyWorks Gold 4.0.9, Intuit’s QuickBooks Pro 6.0, MYOB’s AccountEdge 2004, and Space-Time Associates’ TinyBooks 1.1.4. But at the end of the day, you want a package that tracks income and expenses, and that gives you some insight into the past, current, and future state of your business - all with a minimum of hassle. Depending on the kind of business you have, your accounting requirements may run the gamut from extraordinarily simple to unbearably complex.
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