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What's New with Simply Accounting
Presented by Scott Zandbergen,
ACCPAC International Inc.
Scott Zandbergen of ACCPAC International gave attendees an
excellent demonstration of all the latest features of Simply Accounting
Version 9.0. What an incredible set of features offered for the
unbelievable low price of $169.00. This product is a great value for the
money in the entry-level market. Simply Accounting has had a strong
presence in the Canadian market for years and it is gaining momentum in
the United States.
Simply Accounting’s roots trace back to 1985 as the Bedford Integrated
Accounting product. Today worldwide there are 300,000 users with the
majority of these being in Canada. The product was promoted in a
“free” offer for United States users this past year and 50,000
individuals took advantage of this offer. Simply Accounting 9.0 is still
an incredible bargain at just $169 for the single user edition and the
Pro version (supports up to 6 users) for $319.00. Version 9.0
enhancements provide enhanced functionality.
In a nutshell, Version 9.0 improvements include automatically
adjusting journal entries, multi currency, multi-user, and a more robust
database. The single user version includes dual currency (two different
currencies supported), batch printing and posting, default vendor
expense, and enhanced payroll (Yea! You can do manual payroll entry
without being forced to sign up for a payroll service!! Isn’t this
wonderful. Quickbooks customers with only one employee are forced to
sign up for a payroll service– hardly cost justified for the truly
small business owner). Pro Version enhancements include multi-user
capabilities (up
to 6 users), direct electronic funds transfer, bill of materials, time
and billing, and account history for up to 100 years of data. The
product runs on the Microsoft Access database.
The Pro version offers a
5 user value pack for $725 and features the ability to customize user
screens, hide modules or hide specific fields. Up to five user-defined
fields can also be added. An email tab allows you to
send an email directly from within the product. Under the Report Menu
the user is allowed to view journal entries before posting and allows
for an audit trail that follows GAAP. The inventory module tracks units
of stock and also has regular and preferred price lists supported.
A brief overview of the other new features demonstrated by Scott Zandbergen
follows:
Bill of Materials
With the Bill of Material module you can include a
bit map image of an inventory item. Coming soon is the eTransact module.
Inventory
The inventory module features the ability to build on the fly or auto
build. The functionality supports kits within kits. If while building on
the fly the system determines you are out of raw materials, it won’t
let you build the item and the system notifies you that you are out of
an item and won’t let you place an order. Negative inventory is an
option.
Payroll
Payroll includes the ability to allocate payroll
expenses to multiple jobs or to allocate payroll expense by a percentage
of the paycheck.
Time and Billing
Timeslips feature creates invoices based on the time entered for an
employee. Time can also be written up when billing a client. The reports
then show if the time has been written up or shows the percentage of
time billed.
Daily Business Manager
Daily Business Manager allows the user to select a group of checks for a
check run, supports recurring invoices and offers batch runs of paychecks.
Multi-Currency
Exchange rate information is tracked via a table. The exchange rate
can be changed on the fly and the journal entries show the exchange rate
information in the notes. This technology was borrowed from the ACCPAC
Advantage series.
Multi-User
The Set-Up features the ability to define user rights. It greys
out the items the user is not allowed access to.
Point of Sale
Point of Sale is a third party add-on and currently there are five point
of sale products available. There are 50 developers for the Simply
Accounting product.
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