MYOB FirstEdge review: MYOB FirstEdge

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CNET Editors' Rating

3 stars Good

Average User Rating

3.5 stars 1 user review
Review Date:
Updated on:

The Good Easy enough for beginners; helpful setup wizards and documentation; contains useful, no-frills, basic accounting functions.

The Bad No free technical support; no option for adding services such as payroll or time billing; doesn't share data with office apps such as Microsoft Office or WordPerfect.

The Bottom Line This pared-down accounting package is a solid choice for Mac owners with the most basic number-crunching needs, but the average small business will rapidly outgrow it.

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Mac users looking for an easy way to keep their books don't have to look much further than MYOB FirstEdge. FirstEdge introduces sole proprietors to real accounting, along with an upgrade path to MYOB's more sophisticated products. MYOB aims its product squarely at very small businesses. While we agree that the program will serve such companies well, we believe that many businesses will quickly outgrow the limited feature set. If you're planning to grow your business quickly, try MYOB's more feature-rich and more expensive AccountEdge for Mac. Mac users looking for an easy way to keep their books don't have to look much further than MYOB FirstEdge. FirstEdge introduces sole proprietors to real accounting, along with an upgrade path to MYOB's more sophisticated products. MYOB aims its product squarely at very small businesses. While we agree that the program will serve such companies well, we believe that many businesses will quickly outgrow the limited feature set. If you're planning to grow your business quickly, try MYOB's more feature-rich and more expensive AccountEdge for Mac.

Quick setup
After FirstEdge's effortless and idiot-proof installation, a Welcome screen prompts you to open your company file or create a new one. Choosing "Create a new company file" takes you to the "New company file assistant" wizard. Just follow the prompts; answer the questions, such as your company's name and address, the fiscal year, and so on; and choose an industry type from 83 options provided, such as design or chiropractic. Next, you're ready to enter transactions manually, import data from spreadsheet or database programs, or collect it from Intuit Quicken using Import/Export. Unfortunately, FirstEdge won't sync with your online bank to grab account data, but if your bank lets you download your account file, you can then import it into FirstEdge.

Next, clicking "Open your company file" opens the Command Center, a cheerful screen in which three buttons--Accounts, Banking, and Sales--give you access to nearly all basic accounting tasks. Use Accounts to create account lists and journal entries. Banking lets you record deposits and reconcile accounts with bank statements, and Sales lets you print statements and invoices and analyze your receivables. In addition, drop-down menus let you search transactions and create or view reports. In general, navigating this program is a piece of cake.

Sales force
Sales-driven businesses will find a lot to like in FirstEdge. It lets you create item lists and pricing, set global tax rates, or customize unique preferences for each customer profile. And the Sales Register tool even gives you quick access to sales totals, quotes, invoices, and credits.

On the other hand, service-based businesses, such as contractors, consultants, and lawyers, may not get as much out of FirstEdge as sales businesses. Because FirstEdge offers no true time billing, it's not the best choice for professionals who bill by the hour.

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Where to Buy

MYOB FirstEdge

Part Number: MFURM

MSRP: $99.00

See manufacturer website for availability.

Quick Specifications See All

  • Category office applications
  • Compatibility Mac