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New Accounting Software Enhancements Recommended and
Prioritized by the AccountMate Reseller Channel and Their Clients
PETALUMA, CA (November 20, 2008)- New software release
contains many of the most important features voted upon at
Annual Dealer Convention.
This week AccountMate Software Corporation shipped out their
latest accounting software update, AccountMate 7.5 for SQL. Per
AccountMate's on-going policy, this update included a significant number
of enhancements and changes suggested by its reseller channel and
their clients.
A number of these enhancements were recommended and prioritized
by a vote of AccountMate's Business Partners at their 2008 annual
conference earlier this year. The result of this group consensus is that
some of these top rated enhancements ultimately made it into the
AccountMate 7.5 product. Some of these highest ranked enhancements
include:
An "Inventory As Of" Report was added to the Inventory Control module.
This report shows the on-hand quantity, average cost and total cost of a
company's inventory items as of a user-defined date. Authorized users
can view inventory on-hand quantities at the warehouse level with an
option to show a break down per bin. They can use this report to
facilitate the verification and reconciliation of inventory balances as of a
specific date.
A new Auto Distribution Account has been made available for use in all
AccountMate Modules. An Auto Distribute checkbox has been added to
the Chart of Accounts Maintenance function. Using this feature,
distribution accounts and their corresponding distribution percentages
can be assigned to posting type General Ledger Account IDs. General
Ledger Account IDs set up for auto distribution can be used in the
General Ledger and all subsidiary modules. This provides a convenient
way to automatically allocate revenues, costs and expenses throughout
the system.
An enhanced Budget Maintenance function facilitates the creation of and
updates to General Ledger budgets. The features added to the Budget
Maintenance function were: a FIND button that can be used to locate a
General Ledger Account ID in the budget, an ADD button that can be
used to enter budget amounts for a General Ledger Account ID that are
not yet in the budget and a DELETE button that can be used to remove
a General Ledger Account ID from the budget.
Now there is the ability to match un-accrued Purchase Order Receipts to
Accounts Payable Invoices. Some companies want to match purchases
to Accounts Payable invoices but do not want to accrue liability at the
time the items are received. It is for this reason that we have created the
Accounts Payable/Purchase Order Matching feature. This matching can
be done either by line item detail (Quantity) or by Purchase Order receipt
(Amount).
Authorized Users are now able to overwrite the Default General Ledger
Account ID assigned to each Purchase Order line item. For companies
set up for Accounts Payable/Purchase Order Matching without accrual,
the Purchase Order line item's reference account becomes the Accounts
Payable invoice's General Ledger distribution account. This provides
added flexibility for those companies that charge purchases of the same
inventory item to different cost centers under different circumstances.
The "Batch Transfer Data to General Ledger" shows the last transfer
date. The system can track when period-end closing or transfer data to
General Ledger was last performed successfully for each activated
module. This information is displayed in a new "Last Transfer Date field in
the Batch Transfer Data to GL" function. The Last Transfer Date is
updated based on the date and time on the SQL Server at the point
when the transfer or closing is completed. Users can determine whether
General Ledger reports reflect the most recent subsidiary module
transactions.
Authorized Users have the option to view Customer Number/Vendor
Number in Select Details Analysis Windows. This makes it easier to
identify which customers have open item orders and which items are
backordered from specific vendors.
These are only a small number of the total enhancements made in
AccountMate 7.5 for SQL. There are many more. All of this demonstrates
how dedicated AccountMate is to continuing to provide value to their
software users and to provide software that continues to incorporate a
user-friendly interface and retains the same consistent process flow that
their clients have come to expect.
About AccountMate
Founded in 1984, AccountMate develops and markets fully modifiable
business accounting software. Systems range from single user versions
to those that support over hundreds of users simultaneously.
AccountMate software is distributed exclusively through a worldwide
channel of Authorized Solution Providers. AccountMate can be reached
at (800) 877-8896 or at www.accountmate.com.
Contact Information
Donna DeRosa
Vice President
(800) 877-8896
donnad@accountmate.com
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