|
Plus & Minus included in the CPA Software News' High-End Accounting: Top 10 Review (Jan/Mar 2002). Click below for a printable copy of the review.
________________
Would you like to try
Plus & Minus?
Call now for a free, fully functioning, 30 day Evaluation System!
713-465-5645
or
877-465-5645
(Toll Free)
________________
Version 2006 is now available. Contact us for download instructions.
|
|
|
| |
The Plus &
Minus Single-File-Design (SFD) solves one of the most
significant problems that has long plagued business accounting systems
-- how to separate data recording functions from data reporting
functions. With most systems, data processing concepts such as
"batching", "posting", and "closing" are mandatory components of a rigid
cycle for purposes of producing reports. Omit any one of these
procedures and, in most cases, the resulting reports will fail to
include all relevant transactions. With Plus
& Minus, data processing and reporting are completely
independent because the system is both transaction based and document
based. Traditional terms-- batching, posting and closing--do not apply
to the real-time, SFD
architecture employed by Plus
& Minus. System reporting at all levels--at
any time--reflects ALL transactions that have been entered into any area
of the system (e.g. Sales Order, General Journal, Accounts Payable,
etc.).
|
| |
The Concept
Accounting can be viewed simply as a series of transactions that take place
over time. The traditional approach of modular, batch-oriented,
master-file systems involves a series of batching, posting and closing
at various levels with the need for potentially numerous module interfacings
to allow transactions to flow through all necessary functional areas of the
system for reporting purposes. |
|
| |
The master-file approach necessarily creates
possible timing conflicts between data processing needs and reporting
objectives. When is the system ready to produce reports? Typically, only
after all transaction entry points (i.e. various subsidiary ledgers or
modules) have completed the cycle of batching, posting, and closing will the
system's reports contain the results of all transactions currently entered
into the system.
The
Single-File-Design deployed by Plus
& Minus is a refreshingly different, more
efficient approach. Conceptually, all accounting transactions, no matter
where they originate, are stored in one file from which the computer can
retrieve data as requested and present it in the form in which it is needed.
The result is a system in which all data is available at all times, on
demand.
|
| |
Processing
SFD handles computer
processing needs using one file. This diminishes both dedicated random
access memory and hard disk storage hardware requirements needed to operate
the programs by up to 80 percent. There is no posting, no closing, and no
module interfacing. The system operates in a real-time environment, up-to-the-second
at all times, and does not have to be formally closed. |
| |
Reporting
Plus
& Minus' deployment
of SFD technology combined with its real-time processing environment allows
data entry to function independently of reporting functions. Why is
this important and how does it differ from the classic master-file approach of all
other mid-market systems? The
books theoretically remain in a perpetually closed state, ready for examination at any time--the
ultimate implementation of the "virtual close"! Simply specify the
appropriate time slice, or period, along with the desired range of accounts
and/or sub-accounts. All transactions which meet the specified
selection criteria, are electronically gathered, and presented to the user.
Due to the system's robust performance, this typically only takes a matter
of seconds. A near paperless office is now a reality because all reporting is done
on demand: by month, day, or year. Transaction and document detail
remains in the system indefinitely. ELIMINATE MASSIVE COMPUTER
PRINTOUTS, JOURNAL REPORTS AND LEDGER RUNS! With the ability
to produce reports on demand indefinitely into the future, there
are no mandatory print requirements for reports, as typically required by batch oriented
systems.
|
|
|
|
The age old
dilemma that accountants the world over struggle with. Is it
preferable to subject financial and operations data to the batch
model of entry, review, and posting to system accounts prior to
reporting on such data? Or, should reports reflect all data currently
entered into the system regardless of its review or posting status?
The correct answer? IT DEPENDS! Company resources (people, products,
and capital), type of industry and products offered, data sensitivity
and materiality are but a few of the variables that must be taken into
account to answer this question for any given company. Plus
& Minus accommodates both methodologies. We recognize
that some prefer the relative "comfort" of batch oriented systems in
environments requiring a higher level of internal controls while
others insist on the fast, accurate, and on-demand financial reporting
of a real-time oriented system in order to successfully compete in
today's increasingly complex business environment. With Plus
& Minus, you don't have to choose. The system is
configurable to support either methodology.
Want to stay
on top of your P&L on a daily basis? Avoid being blind-sided by
unpleasant operating results by implementing the reporting system
concept made popular by Cisco Systems. Use technology that shares your
critical financial data instantaneously, across the entire enterprise.
Plus &
Minus' provides such an electronic infrastructure that allows
constant monitoring of your critical data--sales figures, product
margins, high-cost structures, etc. by region, division, department,
or other definable reporting unit--all visible in REAL-TIME. The
result is the capability to more quickly spot problems
(and opportunities) as they arise. Can you benefit from the ability to
perform a virtual close? Contact us for more information.
|
|
