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AccountEdge Basic V3 For Mac

seahorsemedia
Contributing User
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Contributing User
Australia
Contributing User

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AccountEdge Basic V3 For Mac

Hi am still running this old program on my iMac for my partnership accounts. I need to upgrade my OS to Big Sur or Monterey to match my MacBook Air and resolve some cloud issues, which means I need to change my accounts. I have three questions which will help me decide whether or not to stay with MYOB.

 

The first is can my existing data be migrated into either MYOB Business Lite, or MYOB Business Pro? This will save a lot of time but also means with the EOFY year almost upon us I can sort out my various upgrades sooner rather than later...ie once we've got our tax accounts done and filed.

 

The second is whether or not in MYOB Business Lite and MYOB Business Pro you can set up recurring transactions in a bank account for direct debits etc.

 

The third is in MYOB Business Lite what does connecting two bank accounts actually mean? We have four bank accounts but we only use three actively.......and I really need to be able to account for all three including transfers between them, transactions etc. 

 

MYOB Business Pro is more than we need as we have no payroll etc, also it's expensive compared with other products out there. I would like to be able to migrate to MYOB Business Lite but I can't quite find the information I need to help me make the decision. Any input would be appreciated, I've been with MYOB for nearly 20 years so moving away is a big step and decision! Thanks in advance....

 

2 REPLIES 2
ChrisMYOB
MYOB Moderator
1,147 Posts
MYOB Moderator
MYOB Moderator

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Re: AccountEdge Basic V3 For Mac

Hello @seahorsemedia 

 

Thank you for your questions, I’m assuming that you are already aware of the compatibility between AccountEdge and Big Sur hence why you are enquiring about MYOB Business Lite & Pro. Going through the questions in order:

 

  • You can most certainly have the data migrated over to the MYOB Business line, you will be able to fill in this form here and our migrations team will transfer the data for you. (Please note that you do need to be on a trial or have a subscription before having the data migrated across, you can start a trial on our website)
  • Recurring transactions can be set up in MYOB Business, I have attached a Help Article on recurring transactions for your knowledge
  • When it speaks about connecting bank accounts, this is in terms of bank feeds. Business Lite being able to connect 2 bank accounts up for bank feeds. If you do wish to connect more than the 2 you will need to get MYOB Business Pro.

 

I hope this information has helped, if you have any more questions don’t hesitate to post

Kind regards,
Chris

MYOB Community Support

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seahorsemedia
Contributing User
5 Posts
Contributing User
Australia
Contributing User

5Posts

0Kudos

0Solutions

Re: AccountEdge Basic V3 For Mac

Hi Chris,

Thank you so much for the info that helps a lot. The problem we are going to have is the bank situation...as mentioned we have four, three we use actively for the business because we are a partnership (regular checking account, savings and one in our partnership name) so we pay most of our bills through our checking account and receive all of our payments through the one in our partnership name.  So, and sorry for being dumb here, when you say bank "feeds" do you mean I am restricted from setting up anymore than two banks in Business Lite? I am thinking there might be a workaround, such as calling our savings account just "savings" in the accounts, which might work. Business Pro is going to be overkill for us as we won't use most of the features, not to mention the cost. At $25 a month it might be worth it, but not $50 when it goes back to the regular price after the trial. There are competetors out there which charge a lot less and have the same or more functions and features, like Reckon One, and my accountant (who admittedly works on a PC) recommended Xero.

 

As for the migration, that is terrific news. I could make things easier on that front if I purge old data....I haven't started a new year since I got this accounts package which I think was 2016 or before. Can I "start" a new year say two financial years ago? Or even one? If I purge everything prior to July 2021, that would simplify the migration process right? 

 

Any additional info you an offer would help a lot. Maybe I should have a look at the free trial of Lite to see if I can make it work for us, so we can stay with MYOB. Thanks!

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