SOURCE: AccountMate Software Corporation

November 20, 2008 06:00 ET

New Accounting Software Enhancements Recommended and Prioritized by the AccountMate Reseller Channel and Their Clients

New Software Release Contains Many of the Most Important Features Voted Upon at Annual Dealer Convention

PETALUMA, CA--(Marketwire - November 20, 2008) - 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 Software Corporation

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

Contact Information

  • Press Contact:
    Donna M. DeRosa
    Vice President
    (800) 877-8896
    Email Contact