JADE Professional Plus

Bookkeeping can be completed in detail recording all cheques, payable and receivable invoices and receipts including job costing, bank and credit card transactions, cash register transactions, and investment transactions, or summarized and can be recorded using the "trial balance input" allowing you to record the current year trial balance from the client. Having the prior year closing balances, this allows the system to create a journal entry of activity for the year, greatly simplifying the input for the activity of the current year. Bookkeepers may use the Business Plus version and do all the bookkeeping before passing the file onto the accountant to complete the year end routines.

The capital asset section provides for the detailed input of each asset purchased based on classes and categories. All additions and disposals of capital assets may be handled directly through journal entry input or as a separate function. The disposal will calculate any capital gains, losses or recaptures and create a journal entry with the information. Amortization can be calculated automatically or manually. While viewing or printing the schedule of amortization, you have the option to have the system automatically create the journal enter for the amortization to all the respective accounts involved. Information from the capital asset files will automatically update information for the capital cost files which can be used to update information schedule 8 of the T2 return.

The input and tracking of the purchase and sale of investments done through the journal entries allows the system to track gains and losses for financial statement purposes, management purposes, and for tax purposes. In the case of shares, the issuer's name, class of shares, purchase date, units purchased, unit price, outlays, and currency type is recorded. The disposal of these shares along with other share purchases of the same issuer, prepares a listing allowing you to select which group of shares to sell adding up to the total sold. This will calculate the gain or loss on each group and create an entry in the general journal entries to be saved. The system handes the different types of investment and carries forward the investments still on hand from year to year at their book value.

Job costing can be handled by the system allowing the input to each job all costs and deposits recorded on the balance sheet as work in progress and deferred income and will not be recorded on the income statement until the job is completed. Tracking costs for different construction projects or even tracking the costs related to operating specific pieces of equipment is possible using the system.

Payroll handles hourly, salary and commission employees and can have up to 5 separate hourly rates for each employee. This allows for employees receiving different rates when doing different jobs for the same company.

Statutory holiday pay is set up to calculate the correct amount of stat pay for all provinces but allows for you to override calculations when special rulings apply as per labour board standards. Some statutory holidays in one province are not statutory holidays in another, however the system allows you to override the calculations and pay the employee anyway if management desires to do so. The rules and regulations for each province are built into the calculations.

When an employee is terminated and the final vacation pay is calculated, the termination date of the employee is recorded. Once the payroll calculations have been completed and a Record of Employments is required, the system generates the entire Record of Employment for you, and you only need to define whether the employee will return or not and the reason for the termination. Once completed the system can create a ".BLK" file for Services Canada. This file can be uploaded to Services Canada without having to key in the employee's information manually into Service Canada's website.

The system allows for numerous reports for all the above functions. These reports may be viewed at any time, but they can also be printed, saved as a PDF or emailed directly to the client.