Originally introduced in 2001, Corona has been upgraded regularly to become a full general ledger accounting tool, yet still retains its "simple check register" appeal and price. Corona features "drag and drop" accounting, on-the-fly account creation, and one-click reconcilement. Corona is feature-laden with drag 'n drop transaction entry, autocompletion, payroll, invoices, and more. Note: payroll is written primarily for use in USA.
Updated graphics to support Retina and Hi-Res displays.
Ratings and ReviewsSee All
must enter the account’s digits to assign an invoice/payment to a particular account
no facility for automatic logging of monthly deposits or payments ( example monthly SS deposit)
must find and open the file you were working on, else, if you open the app it starts a new file
Developer Response ,
(1) must enter the account’s digits to assign an invoice/payment to a particular account
this is true for the first entry to a particular description, subsequent entries to the same description maybe dragged from the sidebar to the journal and the entry will appear complete with only the amount to enter. The description and account allocation are brought in from the previous entry of that description in the journal. Receipts (deposits) from accounts receivable, and payments for accounts payable, are always allocated to those general ledger accounts; I use three-digit account numbers, 110 and 201, respectively.
(2) no facility for automatic logging of monthly deposits or payments ( example monthly SS deposit)
I log a monthly SS deposit. I drag “Federal Benefit Credit” from the sidebar to my check register (Bank) journal, enter the amount of the deposit and press “Enter”. I would still have to open and edit an automated entry for my SS deposit to enter the date on the entry because the date changes each month for an SS deposit. The only instance I can think of that this might be helpful is for “adjusting” entries in the general journal that would expend annually prepaid items like insurance or rent across the entire year. Most adjusting entries related to inventory valuations are never the same month-to-month and would need to be opened and edited anyway.
(3) must find and open the file you were working on, else, if you open the app it starts a new file
Corona Preferences… from the Corona menu lets you set what file is your current transactions file for the year. When you set this preference, Corona will always open it when you run Corona for a work session.
Be sure to have an accounting degree!
I purchased this about 6 months ago, and I STILL cannot figure out how to use it. It appears to be a very comprehensive program for someone who is accounting minded or has an accounting degree. But for someone like me who's husband is self employed and therefor, out of necesity, has to be an "accountant," it isn't very useful. The manual is confusing and poorly organized and uses terms without defining them. I can see potential here, but it's not for someone who needs things spelled out in simple terms and needs something that user-friendly.
After serious frustration with Quickbooks/Intuit's attitude and switching to MAC, I took a flyer and downloaded Corona from the App Store. Couldn't be more pleased. It's a good, basic, easy to use accounting program. I have a very small design business and this serves the purpose well. My only complaint is it doesn't allow break down of credit card payments to various categories. Corona is well worth the money.
With Family Sharing set up, up to six family members can use this app.