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Friday, October 16, 2009


A comprehensive realtime solution featuring General Ledger (GL), Accounts Receivable (AR), Accounts Payable (AP), Inventory Control (IC), Manufacturing Management, Payroll... all integrated into one single solution.

Work in Progress (WIP) including Waste Management, integrated Fixed Assets with automatic Depreciation calculation, Landed Costing with a customisable FACT Cockpit view for senior managers.

Peachtree Premium Accounting

Peachtree by Sage Premium Accounting 2010 is a comprehensive solution that provides premium features like multi-company consolidations, advanced budgeting, serialized inventory, and Crystal Reports® 2008. It provides a multi-user option for improved productivity with screen-level access control, plus analysis tools, and 140+ customizable reports and financial statements.

  • Accurate and Efficient Accounting
  • Control Your Business Data
  • Manage for Better Results
  • Data Security
  • Financial Analysis Tools
  • Peachtree Business Analytics
  • Customizable Reports
  • Switch from QuickBooks
  • Save Time on Routine Transactions
  • Get a Snapshot of Your Business
  • Business Management
  • Manage Cash Flow


Offering a complete suite of accounting applications and distribution submissions, this among the real estate brokerage accounting software distributed by Open Systems Inc. Very flexible with customization and productivity, its source code is available in order to meet with whatever needs there are. The enterprise edition is equipped with mid- market ERP solution that has windows 2000 ready, accommodate middle to large market solution, SQL server database, Visual Basic, Microsoft Access Client, multilingual capabilities, stored procedures, transaction processing, oped database and data application, among the others. Traverse has applications on accounts payable, accounts receivable, advanced financial analyst, bank reconciliation, bill of materials, fixed assets, general ledger, inventory, not for profit, payroll, project costing, purchase order, sales order, service director and system manager.

Sun Systems 5

Enabling managers to organize their structure by delivering fiscal information that can be easily interpreted, this is among the real estate brokerage accounting software by Systems Unions Inc. Its greatest features are that the different dimensions of executive activity can be mirrored sans the need to prescribe a data association ahead. Sun Systems 5 has applications on accounts payable, accounts receivable, inventory management, professional services automation, collect, connect, financials, analytics, multi- currency, purchase requisitioning, purchase management and sales order management.

Microsoft FRx

Giving mid- market segment and business control of the whole pecuniary reporting method, this is among the real estate brokerage accounting software distributed by Frx Corporation. This needs no guidance from information technology specialists as it has a user- friendly environment. It has help a lot of accountants, controllers and executives to perform their work in a more efficient manner. Allowing to immediately create valuable financial documents, it has a built- in accounting intelligence that links to an organization’s current records. Microsoft FRx has applications on FRx desktop, FRx enterprise and FRx professional.

Sage MAS 500 ERP

Best suited for companies that have more than a thousand employees, this is among the real estate brokerage accounting software distributed by Sage. It is highly- reliable with strong series of applications that includes the entire fields of enterprise management. It also covers the areas of accounting, budgeting, distribution and payroll, among the others. This product is compatible with Microsoft tools, equipment and architecture that will grant a scalable, full- featured and flexible solution. Sage MAS 500 ERP has applications on advanced manufacturing, general ledger, inventory replenishment, product configurator and many more.

Peachtree Complete Accounting

Peachtree by Sage Complete Accounting 2010 combines robust core accounting with features like job costing, time and billing, in-depth inventory capabilities, and analysis tools. Its multi-user option1 helps improve productivity while providing control over who accesses data. Peachtree Complete Accounting 2010 provides 125+ customizable business reports and financial statements.

Peachtree is based on real, double-entry accounting principles with screen-level security, audit trails, and automatic accounting checks. You get the accuracy and control you need to improve results—and truly understand how your business is performing.

  • Accurate and Efficient Accounting
  • Control Your Business Data
  • Manage for Better Results
  • Save Time on Routine Transactions
  • Get a Snapshot of Your Business
  • New: Peachtree Business Analytics
  • Keys to Start-up Success

Peachtree Pro Accounting

Peachtree by Sage Pro Accounting 2010 helps improve your productivity with standard accounting features that can automate invoices, checks, and track employee payroll. You can record customer payments, create budgets, and track sales, inventory, and expenses. It provides 100+ reports and financial statements. All first-time Peachtree customers receive 30 days of free support. Upgrading customers receive one free support call within 30 days of registration.

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DacEasy : An Accounting Software

DacEasy by Sage is a powerful, easy-to-use, complete accounting solution. At the core of DacEasy is a series of fully integrated modules that give you vital information that's key to your successfully operating your business. You can select the module combination needed to meet the needs of your business and achieve optimal results.

With DacEasy, you get fast access to your data, extensive functionality, powerful reporting, and more. This comprehensive software solution can help you save time and grow your business.

The standard DacEasy Accounting comes with core modules for keeping a general ledger, tracking fixed assets, banking, billing, purchasing, and inventory management. DacEasy Accounting & Payroll has a built-in payroll module.

In addition to these modules, Sage offers a number of add-on modules for tasks such as payroll, order entry, job management and job costing, and point-of-sale management.

The software also automates time-sensitive bookkeeping tasks such as closing out the company ledger at the end of the month and posting data from subsidiary ledgers to the general ledger. It also lets users set dates for posting prepayments, accruals, and depreciation and for clearing audit-trail and product files.

DacEasy's fast search engine helps users get at accounting data and customer accounts quickly and efficiently because data can be entered or edited without a lengthy search. A report generator provides templates for drafting financial reports, including a variety of charts.

Thursday, October 15, 2009

Decision for choosing Good Accounting Software

At this time, you should be in a good position to select an accounting software package. If you have more than one package left on your list, make a decision based on guts or instincts. If you still can’t decide, choose the product that is easiest to use on a day-to-day basis, the product that is built on top of the most promising technology, or the product that offers the strongest reporting. Otherwise, flip a coin. We believe that the actual price of the software is not really relevant (within 200% or so). The real cost of accounting software is the time required to get it up and going and the time required each day to implement manual work-around procedures to compensate for missing features and reports.

Choosing the Right Accounting Software Package

1. Become Knowledgeable – To get started, it is always helpful to educate yourself about the accounting software packages that are out there. (We know that the reality is that nobody has enough time to fully do this.) The Internet can help by making it faster and easier to locate information. But you may also choose to attend independent seminars, vendor sponsored seminars, and trade show exhibition booths, and read newspaper and magazine articles.

2. Make a List of Potential Solutions - Make a list of all of the products that might meet your needs. Include products that you are aware of, products you read about, products you hear about, products listed on the Internet, etc. If possible, talk to your competitors and ask them what they use and add these to the list as well. So that you can evaluate the products side-by-side, you may consider preparing a more elaborate list – a spreadsheet listing key information for each product. For example, your spreadsheet might include information for modules, pricing, platform, customization capabilities, certified payroll, retainage, time and billing solution, and bar coding – or whatever you determine is most important to your company. The objective here is to focus just on the most important issues and not be blinded by small insignificant shortcomings. This matrix will also be helpful in sharing information with others who may have input into the ultimate decision.

For each product you are evaluating, begin tabulating a list of the features and facts that impress you about the company, the product, and the reseller. For example, you may list key awards received by the product, the fact that the company provides great support, or describe a great feature that you think your company would really benefit from. Continue to add to this list as your evaluation continues.

3. Eliminate the Obvious Poor Choices - Start to eliminate potential products due to missing modules, missing key features, or because they are simply too expensive. Cross them off your list and notate why you did. Selecting the right package is mostly a process of eliminating the wrong packages. Generally, you can eliminate many products at this stage. Continue to eliminate products throughout the entire evaluation process.

4. Evaluate Product Features - Next, make a complete listing of the unique features that your company requires, and compare this list to the features provided by each product. There are several good software programs that aid you in this process. By far the least expensive and most comprehensive program on the market is The Accounting Library. The Accounting Library lists over 4,000 accounting software features. Simply place a checkmark by each feature that your company needs, and the Accounting Library will rank the top 150 products according to the product that best meet your needs to the product that least meets your needs. You can also print a "Missing Needs Report" that will summarize the features you need that are missing from each product. Based on your review of the features, you can easily eliminate obvious poor solutions from further consideration. I highly recommend this product to potential customers as well as resellers and consultants.

5. Visit Internet Sites – Next, visit the Internet sites for each accounting software product remaining on your list. If your list is still lengthy, pick your best four or five options and concentrate on them for now. Print out the information, organize it in a binder, and study it in detail. Use a highlighter to highlight the key points you identify as it is likely that someone in your organization will probably review your documentation at some point the future.

6. Request Brochures and Evaluation Code – Next, call each accounting software publisher and request their latest brochure information and an evaluation copy of the software. Watch out, this will trigger accounting software sales representatives to come calling on you.

7. Identify Top Resellers - By far, the number one complaint in the accounting software industry is "poor resellers". Because this is the single-most important element in the successful implementation of an accounting system, you need to take extra care to make sure that you identify the best resellers and consultants. If you call the company and ask for a referral, the accounting software publisher will typically pass you off to the next reseller on their list, and you may get stuck with a less experienced installer. Don't make this error. Here at Accounting Software Advisor, we have published a complete section devoted to helping you understand how to find, evaluate and select the right reseller to meet your needs - we recommend only those resellers who have passed our rigorous due diligence standards.

8. Product Demonstration – By this point, hopefully you have identified the best resellers in your area for the products you are considering. Next, you should arrange for these resellers to demonstrate their products to you. They should be able to do this in about 2 to 4 hours. They should take time up front to ask you extensive questions about your company and your needs. This will help them better understand what you are looking for and they can then tailor their demonstration to your particular needs. (If they don’t take time to talk to you up front, watch out - you are probably dealing with an inexperienced person.) Allow them to make their pitch - they all have a canned sales pitch, and by damned, they will all make you endure it. Hopefully the reseller will use live software to demonstrate the product to you, but sometimes slides and overheads are used as well. Take the demo for what it is – a sales pitch. Before it is over, hit them with your toughest questions. Make sure to ask them about their available time, their installation methodology, their track record for getting the systems up and running properly on time, and a list of 3 to 5 references whom you can call to check up on their work. You may even ask them to install an evaluation copy of the product on your computer so you can further evaluate the product on your own time.

9. Hands On Testing – If you received code from the accounting software vendors, this would be a good time to evaluate it. Keep in mind that you will be testing software that you do not know how to use. If you are unable to make something work the way you want it to work, don’t assume that it won’t do it. (Most software publishers receive thousands of suggestions to add features that are already present in the system.) Simply write down the problem and address it with your reseller the next chance you get. Make sure to update your list of good and bad points for each product. Include subjective points about performance, look and feel, ease of use, etc.

10. Call References – At this time, call the references supplied by the vendors and ask a few simple questions as follows:

1. Do you use XXXXX Software?

2. When did you install it?

3. Who performed the installation (company and name of reseller)?

4. Did they do a good job and install the system in a timely manner?

5. Are you satisfied with the product?

6. What problems have you had with the product?

These six questions are usually all you need, as they will flush out any problems with the resellers or the product. Be careful to make sure that the reference is being honest with you. Some references will not say anything bad in fear of a lawsuit. Others may not really be valid references, instead they may be a brother-in-law or close friend. Therefore, be on the look out for suspiciously short responses or people who are not able to describe specific details of the engagement. If you reach 3 consecutive good references that you are comfortable with – then in our opinion, that product and installer have passed the final test. Also, if you receive negative feedback, it may be helpful to try to distinguish between a “Good product/Bad reseller” versus a “Bad product/Good reseller” situation.

10 - Step Blueprint for Selecting the Right Accounting Software

Selecting the wrong accounting software can be a complete disaster. You could even lose your job or your business by making a poor choice – it has certainly happened many times before. Exactly where can you go to get the information you need to make the right decision? There are trade shows, seminars, and magazine articles on selecting accounting software, but they typically just tell you the good stuff. The accounting software publishers at conferences and other similar shows will provide you with a fancy brochure and show you what they have to offer, but the truth is that it is almost impossible to tell what’s missing or what’s wrong with the product. The Value-Added Resellers (VARs) will come to your office to demonstrate the product, but they usually skip over the negative points and weaknesses as well. The magazine articles all seem to gloss over the bad stuff in fear of chasing away advertising dollars.

Too often it takes a complete installation of the system and at least a month of operations to tell if the product will meet your needs – and by then, it is too late. There seems to be no independent place to go to get good help in avoiding the wrong package. This is a problem that everyone faces when selecting accounting software. The good news is that almost all accounting software packages have gotten better over the past decade, and it is now easier to end up with a fairly good product than it used to be.

Top Ten in the Beginning ERP Market

Companies with $25 Million to $500 Million in Revenue


ACCPAC Advantage Series Enterprise Edition (Best Software)


ACCPAC ProSeries (Best Software)


Axapta (Microsoft Software)
4. Epicor (Epicor Software)


e-Business Suite (Oracle)


Great Plains (Microsoft)




MAS 500 (Best Software)


Navision (Microsoft)


Solomon (Microsoft)

Top 10 Accounting Software Market

The following are the top ten Middle-Market Accounting Software Market companies having $2 Million to $50 Million in revenue.


ACCPAC Advantage Series Corporate Edition (Best Software)


ACCPAC ProSeries (Best Software)
3. Accountmate (Best Software)
4. BusinessVision 32 (Best Software)


Great Plains (Microsoft)


MAS 90 & MAS 200 (Best Software)


Navision (Microsoft)


Solomon (Microsoft)


SouthWare Excellence Series (SouthWare)



Top Accounting Software Products

The following are the top accounting software products that are used in those companies having up to $5 million revenue.
1. BusinessVision 32 (Best Software)


Small Business Manager (Microsoft)
3. M.Y.O.B (M.Y.O.B. Software)
4. Peachtree Complete Accounting 2004 (Best Software)
5. QuickBooks Pro 2003 (Intuit)


Simply Accounting (Best Software)
7. NetSuite

Vision Point 2000 (Best Software)

Thursday, October 1, 2009

Softrax Revenue Manager: Revenue Recognition for ERP


Softrax Revenue Manager is the first and only software application that enables companies to manage revenue compliance, reporting, and forecasting in a single system—in concert with existing ERP, Business Intelligence and Compliance infrastructures. It enables companies to fully implement, monitor, and manage their revenue recognition policy on an enterprise-wide basis. It mirrors the corporate revenue policy in a single system, and controls all critical revenue processes, including: allocation, scheduling, recognition, compliance, reporting, and forecasting.


Founded in 1998, NetSuite Inc. is the leading provider of web-based accounting / enterprise resource planning (ERP) with over 6,000 global customers. Specifically created for the needs of growing and midsize customers, NetSuite provides businesses with one complete system to run their entire company, including accounting / ERP, Inventory, CRM, and E-commerce. NetSuite helps companies automate processes, streamline operations, make faster better decisions, grow and scale faster, and eliminate IT hassles and costs. Delivered via the Internet, NetSuite can be implemented all at once or modularly, depending on your needs.

Run your business better today with NetSuite.

You have real-time access to all the information you need to make better, faster business decisions. Role-based customization facilitates quick end-user adoption across your organization. With the Real-time Dashboard, users see the information most relevant to their job functions.

NetSuite integrates front-office, back-office and ecommerce capabilities in a single powerful application. With one data repository, you can be certain that all your users view and use accurate and up-to-the-second data.

As an on-demand, Web-based solution, NetSuite significantly reduces your total cost of ownership. It’s faster and less expensive to implement than traditional software. Additionally, you no longer have to purchase hardware, or maintain and upgrade software. And its simple user interface facilitates quick end-user adoption.

NetSuite automates all your key business processes—from lead generation to sales orders, from product shipment to customer service—across your entire company and through your trading partners. Since all corporate data is held in a single system, you access one real-time view of all your key business metrics, enabling you to make better, faster decisions in an increasingly competitive landscape.

Acumatica Distribution Management Suite

The Distribution Management Suite is an add-on module to the Financial Management Suite for managing the complexities of distribution such as purchasing, ordering, tracking inventory, filling orders, and delivering customer support.

The distribution suite is integrated with our core financial modules to deliver real-time measurements of profitability by warehouse, product line, location, and business unit. Integration with CRM ensures that your entire organization, from sales to support, has visibility into your distribution processes.

The product is integrated with the other Acumatica suites to provide all business management functions in a single, integrated system. This allows sales teams to make a quote based on current inventory and sign a contract which creates the appropriate sales order. The sales order can trigger the creation of a purchase order as well as the pick list for warehouse operations. Customer service can access an up-to-date status of orders, including partially filled orders. Finance and accounting can monitor purchasing processes and inventory levels to minimize costs.

The product includes reporting tools, dashboards, workflow, and file management features to streamline business processes. Detailed access controls ensure that only authorized users can see specific screens, reports, and objects. Web-based customization tools give authorized users the ability to change the appearance, business logic, and database fields associated with their deployment.

Since it is web-based, the Distribution Management Suite can be deployed faster and maintained for less money than traditional client-server applications. The product is designed to be installed on-premise, hosted at a datacenter, or deployed on a cloud computing platform.

Restaurant Accounting Software | Ctuit Radar

Accounting software for Restaurants from Ctuit. Radar provides polling of your point of sale data to reduce data entry. Accounting functions such as posting, accrual setup, and adjustments are included. Report off of the accounting data by generating daily P&L statements per location. Exports to leading traditional Accounting Software packages are supported.

QuickBooks 2010

QuickBooks Pro and Premier 2010 feature the all-new Intuit App Center, providing users access to scalable, Software-as-a-Service business applications directly from within QuickBooks. Currently more than 25 applications are available, including a service that helps track and manage marketing campaigns and sales leads to maximize profits. All applications offer free trials, and many work directly with QuickBooks data, extending the value of the information and eliminating the need for double data entry.

Other new features in QuickBooks 2010 include an improved Company Snapshot, giving the small business owner a tailored visual overview of how business is performing, and Intuit Check Solutions, which allows small business owners to scan or key in checks for immediate deposit.

In a recent survey, QuickBooks users said they save an average of four hours per week managing their business finances compared to their previous method. An array of new features help small businesses save precious time by making important jobs and key tasks easier than ever, giving entrepreneurs more time to focus on their business, so that they can spend less time on their bookkeeping. New and improved time-saving features include:
Express Install: A new product installation option cuts the number of startup steps in half.

Add/Edit Multiple List Entries: Users can save time by editing multiple long lists of items, customers, or vendors, rather than edit each item individually. They can also copy and paste data into QuickBooks directly from Excel with a simple key stroke, eliminating the unnecessary steps of inputting the data directly.

Forms Customization: More customization options, including free professional design templates for commonly used forms such as invoices and estimates, give QuickBooks users the ability to apply the same design to multiple forms at once. Those who want help designing a unique look can connect with a community of professional designers through Intuit Creative Solutions.

“The Add/Edit Multiple List Entries features is one of the greatest updates I have seen in years,” said Christine Bailey, owner of Small Office Solutions in Daphne, Ala. “It is so much easier to add customers, vendors and items, all at one time versus going into each one and saving and then adding the next one. Wow, what a time saver!”

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