MYOB US Inc. has announced version 3 of MYOB AccountEdge, its accounting and business management software for small businesses running on a Mac. Due in mid-October, the new version will be compatible with Mac OS X, versions 10.1 through 10.2 (“Jaguar”), as well as Mac OS 8.6 and 9.x.
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MYOB AccountEdge tackles such duties as job tracking sales management, time billing, inventory, and payroll. It includes invoice and check registers. MYOB AccountEdge also inherits the signature features of other MYOB products, including inventory and payroll, multiple currency accounting and professional time billing.
Among many other new features, AccountEdge 3 is now multi-user on Mac OS X, has vCard capabilities, beefs up tracking for item-based businesses, allows viewing of reports from cash and accrual based perspectives, tracks funds, divisions and other categories, lets you rearrange the way you view reports, provides a memo-per-line for your cash allocations, and much more. Overall, it boasts more than 50 enhancements, according to Cynthia Mackewicz, general manager of MYOB US.
Multi-User functionality lets AccountEdge users share their company files for increased efficiency and productivity, she added. vCard compatibility allows AccountEdge users to drag and drop their contact information to and from MYOB AccountEdge and other vCard compatible applications, including the Mac OS X Address Book, Entourage, even the iPod.
Cash or accrual-based Balance Sheet and Profit & Loss reports let business owners consider their company’s financial picture from both perspectives with the flexibility to switch from one to the other, Mackewicz said. With its new Items Register, AccountEdge creates an inventory audit path that shows how the inventory arrived at its current quantities and values and provides running balances for quantity on hand and current item value. It tracks inventory movement, both cash and non-cash, and lets you view the inventory transaction detail. It also: recaps and reconciles inventory value as of past dates; allows editing and modifying of inventory transfers and adjustments; and includes an Item History report and an Inventory Reconciliation report.
Category tracking follows company profits through multiple lines of business, funds, departments or other categories and provides a full set of reports specific to each category, Mackewicz said. AccountEdge will track a category for all of the time or for just a specific period of time, and will assign categories to all transactions or for just those chosen.
The report viewer has been overhauled so that users can customize the way reports are viewed on screen with a print preview, scaleable columns, quick filter tool bar, drag and drop columns, and more. A memo field on each line of cash allocation transactions tracks why money was spent or from where it was received.
MYOB AccountEdge 3 costs US$249. Multi-user workstation licenses are $99 each.