MYOB products compared
Below is a brief summary of the main differences between the MYOB products: AccountEdge and AccountEdge Plus. It is not meant to be comprehensive and you should consult your own accountant or us before making a decision on which product is right for you.
The best place to start is probably MYOB AccountEdge, and then to compare AccountEdge Plus to it. AccountEdge, is fully integrated which essentially means that all the various parts of the system are linked and making an entry in one part updates the others. It includes sales invoicing (invoices can be printed or emailed), reports showing unpaid sales and supplier invoices, VAT Return reports (including Cash Accounting), detailed profit & loss and balance sheet reports, and stock control. For project based businesses the ‘Jobs’ facility allows income and costs to be allocated to the related projects as well as allowing reimbursable expenses to be tracked and charged on to clients. It also has a database from which customised letters or emails can be generated. Finally, all reports can be exported to Excel or Word.MYOB AccountEdge Plus includes all the features of AccountEdge with the addition of the
following. Firstly, it is multi-user which means that it can have more than one simultaneous user (MYOB charge a one-off licence fee for each additional user). Secondly, it is multi-currency which means you can record transactions in currencies other than sterling and keep foreign currency sales and purchase ledger and bank accounts within MYOB. Thirdly, it includes time recording which allows time spent to be recorded on client records either via the on screen stop watch or by the entry of blocks of time. The time charges then feed directly into the sales invoicing process.Email us with your product queries.