AccountEdge Review

Priority Software
Product:
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Founded:
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AccountEdge Pro
Priority Software
1983
Rockaway, NJ
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Deployment Model:
Free Trial:
Private
75,000+
Cloud, On-Premise
Yes
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AccountEdge Pro At A Glance

Good: Straightforward and streamlined, simplifying tasks like submitting invoices, reconciling bank statements, and viewing orders and inventory.
Bad: Software upgrade issues for some Mac users.
Bottom Line: Full-featured accounting software that makes managing accounts, sending invoices and other small-business necessities easier.

Product Overview

AccountEdge Pro is full-featured accounting software for Mac and Windows desktop users. It’s primarily designed for small businesses and requires no monthly subscription.

Through AccountEdge Pro’s simple interface, small businesses are able to manage bank accounts, balances and account numbers, and their annual budget. It helps small business owners keep track of all assets, liabilities, equities, income and expenses. The solution also includes features for recurring transactions, company mileage, department separation and charts.

With AccountEdge Pro, users can perform (and report on) all aspects of their business, including sales and invoicing, purchases, payroll, inventory, time billing and more.

Although AccountEdge Pro is an on-premise solution, it also features AccountEdge Connect, a browser-based web application that allows users, their employees or their contractors to enter key business data that then syncs with their AccountEdge company file. AccountEdge also offers a cloud-based option, AccountEdge Hosted, for clients that want to store their data in a cloud desktop server.

The vendor offers numerous payroll options to clients, including a payroll tax service, direct deposit for employee pay, a payroll forms service or an all-encompassing full-service payroll.

Features

Features included in AccountEdge Pro are:

  • Creation of sales invoices – Turn quotes into invoices with one click.
  • Banking management – Write checks, prepare bank deposits. and reconcile your account.
  • Customer management – Track important customer, employee and vendor information.
  • Report creation – Create reports of all transaction history, all accounts and current balances and more.
  • Full-service payroll – Do everything from paying employees to filing taxes with this service.
  • Credit card processing – Handle all credit card transactions from your customers either through a full merchant or flat fee account.
  • The Chart of Accounts – The Chart of Accounts helps you manage all necessary financial information for your small business, including assets, liabilities, equities, income and expenses. You can create your own list of accounts or choose from 100 templates.
  • Recurring transactions – Automatically record daily, weekly, monthly, quarterly or yearly transactions.
  • Department separation – Each line item on a transaction can either be applied to one department or split between multiple departments.
  • Mileage tracking – Track all fuel and mileage reimbursements by company vehicle or employee.
  • Company Data Auditor – With the Company Data Auditor, businesses can make sure their financial data is accurate, correct, protected and balanced. The audit tool backs up and verifies your company file, lets you lock down reconciled financial data, keeps an audit trail and runs reviews to make sure your numbers are in balance.
  • Business Insights (Mac only) – Calculate important financial information, including current information about profits, turnover and operating balances between fiscal years.

AccountEdge Pro can also integrate with Zapier and Microsoft Power BI,  and customers can also take advantage of custom transaction IDs and the ability to import paid Square transactions.

Target Market

AccountEdge performs best for small companies conducting business in any type of industry. Here are some of its clients:

  • Matsu Kaze Tea
  • Most Remarkable
  • SPECS ETC
  • Matt McKee Photography
  • Artistry In Motion
  • BLAST Gallery
  • Constance Kay Inc.
  • Taylor Family Vineyards
  • Global Surf Industries
  • Acrey's Photographics

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Implementation/Integration

AccountEdge Pro is available on Mac and Windows. Specific guides are available to help users switch from other popular accounting solutions, like QuickBooks and Sage. PCs are required to have a 2 GHz processor or faster and Macs and PCs must both feature 2 GB RAM or higher. Additionally, the basic Windows version must have 200 MB free hard disk for program installation, whereas the Pro Windows and Mac versions must have 250 MB.

Customer Service & Support

Email customer support comes standard with every plan. All clients are guaranteed an email response within 48 hours.

AccountEdge offers optional phone support from 9 a.m. to 5 p.m. EST, Monday through Friday. Phone support is free for new users for 30 days, and costs $10 per month for subscriptions.

Pricing

AccountEdge customers have access to a 30-day free trial.

AccountEdge Pro is a one-time fee of $699 for the first user license and $249 for each additional license.

The payroll subscription, which includes federal, state and local payroll taxes and updates and any upgrades released during your subscription, is an additional $349 per year with automatic renewal.

Clients that prefer the subscription model of AccountEdge Pro can expect to pay $15 per month for the first license and $10 per month for each additional license. The payroll subscription costs $15 per month.

In-product access to 250-plus payroll tax forms, completed for you using available AccountEdge data, is $99 for a single Employer Identification Number (EIN) or $149 for multiple EINs.

Finally, the AccountEdge Hosted option costs $40 per user, per month.

Shortcomings

Some Mac users have mentioned they’ve experienced issues when software upgrades are implemented and that the vendor hasn’t provided any support.

Screenshots

Priority Software Screenshot 1
Priority Software Screenshot 2
Priority Software Screenshot 3

About

AccountEdge was initially owned by MYOB, bought by Acclivity in 2008, and is now owned by Priority Software after the latter’s 2018 acquisition of Acclivity. Priority Software claims to empower companies and organizations by providing the most comprehensive, flexible and affordable enterprise resource planning (ERP) solutions available on the market today. Priority also acquired developers of Checkout POS and Rerun software, and the collective offering of Priority and Acclivity software is now deployed by over 75,000 customers worldwide. The company delivers a wide range of solutions, from cloud and on-premise to APIs and mobile, designed for small to mid-sized enterprises.

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