When it comes to choosing accounting software for your business, there are many factors to consider. Do you want an on-premise solution or a cloud-based one? What features are most important to you? How much are you willing to spend?
In this article, we'll compare two of the most popular accounting software solutions on the market today: Yardi and Acclivity AccountEdge. We'll discuss the key features of each one, as well as the pros and cons, to help you decide which one is right for your business.
Yardi
Overview
Yardi is a leading provider of accounting software for businesses of all sizes. They offer both on-premise and cloud-based solutions, so you can choose the one that's right for your business. Yardi's on-premise solution, Yardi Voyager, is a comprehensive software suite that includes accounting, property management, and asset management features. Their cloud-based solution, Yardi Genesis2, is a newer product that includes all the features of Voyager, plus some additional ones, such as a mobile app and built-in business intelligence.
Key Features
Yardi's accounting software includes all the standard features you would expect, such as Accounts Receivable, Accounts Payable, General Ledger, and Financial Reporting. In addition, they offer some unique features that set them apart from the competition. For example, their Property Management module helps you keep track of your rental properties, tenants, and leases. And their Asset Management module helps you track your company's assets, such as equipment and vehicles. Yardi also offers a mobile app, which allows you to access your accounting data from anywhere.
Pricing
Yardi offers both subscription-based and one-time pricing options. Their subscription-based pricing starts at $500 per month for the Genesis2 cloud-based solution, and $2,500 per month for the Voyager on-premise solution. Their one-time pricing starts at $5,000 for the Voyager solution.
Pros
Yardi's accounting software is very comprehensive and includes features that other solutions don't offer, such as property management and asset tracking. Their mobile app is also a great feature, allowing you to access your data from anywhere.
Cons
Yardi's subscription-based pricing can be expensive, especially for their on-premise solution. In addition, their one-time pricing option is only available for the on-premise solution, so if you're interested in the cloud-based solution, you'll have to sign up for a monthly subscription.
Acclivity AccountEdge
Overview
Acclivity AccountEdge is a popular accounting software solution for small businesses. They offer both on-premise and cloud-based solutions. Their on-premise solution, AccountEdge Pro, is a comprehensive software suite that includes accounting, payroll, and inventory management features. Their cloud-based solution, AccountEdge Cloud, is a newer product that includes all the features of Pro, plus some additional ones, such as a mobile app and built-in business intelligence.
Key Features
Acclivity AccountEdge's accounting software includes all the standard features you would expect, such as Accounts Receivable, Accounts Payable, General Ledger, and Financial Reporting. In addition, they offer some unique features that set them apart from the competition. For example, their Payroll module helps you keep track of your employees' hours and earnings. And their Inventory Management module helps you track your company's inventory levels and stock. Acclivity AccountEdge also offers a mobile app, which allows you to access your accounting data from anywhere.
Pricing
Acclivity AccountEdge offers both subscription-based and one-time pricing options. Their subscription-based pricing starts at $49 per month for the Cloud-based solution, and $299 per month for the Pro on-premise solution. Their one-time pricing starts at $499 for the Pro solution.
Pros
Acclivity AccountEdge's accounting software is very comprehensive and includes features that other solutions don't offer, such as payroll and inventory management. Their mobile app is also a great feature, allowing you to access your data from anywhere.
Cons
Acclivity AccountEdge's subscription-based pricing can be expensive, especially for their on-premise solution. In addition, their one-time pricing option is only available for the on-premise solution, so if you're interested in the cloud-based solution, you'll have to sign up for a monthly subscription.
Conclusion
Both Yardi and Acclivity AccountEdge offer comprehensive accounting software solutions with a variety of features. They both have subscription-based and one-time pricing options. However, Yardi's subscription-based pricing is more expensive, and their one-time pricing option is only available for the on-premise solution. Acclivity AccountEdge's subscription-based pricing is less expensive, but their one-time pricing option is only available for the on-premise solution. When choosing between the two, it really comes down to what's most important to you and your business.