Accounting, Financial Statements, Working Papers,
software package, designed for professional accountants, automatically
integrates your accounting, capital assets, working papers, and
financial statements without the customary importing and exporting
between separate systems. So, it supersedes any combination of bookkeeping,
working papers, and financial statement software systems presently
being used by public accountants.
General journal entries, and editing and deleting of existing
entries with audit trail. All journal input screens allow for adding,
changing or deleting of general ledger accounts as well as the status
of select accounts. Reports may be printed for the current period,
for any past period or for the year to date.
Entering and/or printing cheques, deposit register, editing
and deleting of existing entries with audit trail, and bank reconciliation.
Bank reconciliation allows for reprinting of previous period reconciliations
as well as providing for a listing of post-dated cheques. The system
allows for the printing of "Vendor Cheques", "Payee
Cheques", and "Basic Cheques" from a possible large
number of separate bank accounts. Cheque numbers are increased automatically
for each of the chequing accounts but may be changed at any time.
Reports may be printed for the current period, for any past period
or for the year to date.
System provides detailed history of individual capital assets
for financial statement purposes linked with capital cost files
for tax purposes. Items may be added or disposed of separately or
directly linked to the general ledger. Calculate depreciation automatically
or select, totally independent of capital cost allowance calculations.
Print lists of capital assets or lists of disposals as well as a
schedule of depreciation. Information from the capital asset file
is transferred automatically to the notes to financial statements
and the working paper files.
Editing and printing of adaptable working papers for audit,
review, verification and compilation. The system provides a quick
input for trial balances, both prior and current year figures with
the creation of a journal entry of activity for the current year.
Even though the questions outlined in the working papers are shown
in CICA approved format, they may be edited by each accountant to
meet his/her specific needs or changing conditions. The working
paper program allows direct access to the general ledger to add,
change, or delete accounts, to enter adjusting entries and view
details of each account for the year. The final entries of the year
may be entered as part of the final periods journal entries or the
last period may be closed and the final entries can be entered as
adjusting entries. The accounts payable section provides a schedule
to verify payroll totals to the general ledger. Also included, is
a long term loan amortization schedule for each of the long term
loans. The amortization schedule prints the details for each loan
including the current portion and the principal payments required
in the next five years.
Prints reports for management, banking and tax purposes in different
formats set by the system: heading sheet with index, notices to
reader, balance sheet, income statements and statement of retained
earnings, statement of changes in position, statement of changes
in working capital, editing and printing of notes to financial statements,
analysis, budget income statement. Most notes are created automatically
including loans, notes and finance contracts which includes the
principal payments due in each of the next five years. All notes
may be edited to meet the specific requirements of the user. All
financial statements may be saved in a ASCII file and edited with
any word processor. The financial statements may be printed without
closing the current period. For formal statements, the system allows
for the automatic rounding of amounts verifying that the rounded
amounts still add properly and are balanced.
The financial calculator is an amortization schedule that can
be used at any time to calculate and print a schedule for the current
company that the user is logged onto or for anyone else since it
is not linked to the accounting section of this system. It allows
payments of principal and interest or principal only for a number
of different period types, including skip payments, as well as calculating
the current and five year principal payment amounts.
The permanent file information can be edited or printed at any
time providing the details of the company including name, address,
lawyer, authorized share capital, shareholders, tax account numbers
and other information. Accountant's reports also produces letters
using existing client information for compilation, verification,
review and audit engagements, representation letters, tax authorization
forms or letters, accounts receivable verification and other special
letters. The annual minutes for the directors and shareholders can
be created and printed as well as some of the most common Alberta
corporate registry forms. For verification reviews and audits, the
bank confirmations can be prepared and printed.