This software is designed to address all the internal accounting needs of a professional practice that is engaged in selling time such as firms of accountants. Unlike the existing off the shelf packages with generalised capabilities, this is a “bespoke” program that uniquely combines a comprehensive ledger accounting system with a sophisticated time and fee management facility to create a powerful tool to manage all aspects of the practice accounts.

Having evolved in a professional firm environment, the system is fully compatible with the firms’ working practices requiring a minimum of familiarisation and formal training. Furthermore installation and change over is exceptionally simple and once installed you would immediately relate to the system and can follow the routines intuitively.

The system incorporates many practical features that are completely unique and designed to handle with ease those tasks that normally prove most cumbersome. These features are also designed to maximise the practitioners financial control in those areas that are vital to firm’s prosperity such as income generation, fee collection and staffing costs.

Following are worthy of mentioning:

• Comprehensive nominal ledger accounting with fully automated end of period routine
• On screen time recording for staff and partners with practical authorisation procedures
• Sophisticated time and fee management as integral part of the system
• Flexible billing for fixed fee and time based clients with prompting mechanism to ensure timely billing for time spent by staff and partners
• Sub-contractors’ ledger and remuneration facility with prompting mechanism to ensure timely and fully documented payment procedures
• Fees ledger incorporating detailed clients accounts
• WIP-records and controls
• VAT accounting catering for varying VAT rates and applying correct VAT to “on-account” and “piece-meal” receipts and producing VAT Returns at the touch of a button
• Detailed firm/partner and inter partner accounts
• Banking control and cash management
• Bank reconciliation with error detection and entry amendment facilities
• Fully automated system for recurring payments
• Collection of fees by standing orders, a fully automated system that ties in with all the relevant parts of the system such as VAT accounting and debt control
• Outstanding and overdue fees at a glance with prompting mechanism to draw attention to those that need monitoring and built in facility for chasing firm’s debtors
• A wealth of performance evaluation and cost control reports and documents for internal and external use produced on line at the touch of a button
• System security, error minimisation, tracing and possible amendment of prime entries and data back up