Basic Accounting Features

Problem

Does MacNail construction accounting software do "accounts receivable", "accounts payable", "general ledger", "balance sheet"? Is it double-entry?

Diagnosis

Make sure user knows what s/he means by these terms first! Then:

• double-entry: NO. It is a single-entry, checkbook-style accounting program.
• accounts receivable: yes, we do this through job costing
• accounts payable: is done through reports- mat'l reports, labor reports, etc. can also be found via query box.
• we don't print out or display a standard accounting general ledger. (cont) HOWEVER, any information contained in a general ledger is accessible through the query box.
• as yet (Acct 3.3) we don't do a balance sheet.

Solution

Basically, these are questions from the user's accountant. MacNail isn't a 'classic' accounting program, but it offers most of the features of such programs.

NOTE-- Goldenseal accounting software is much better at satisfying accountants or others who are used to 'classic' accounting. The best answer to any of the above is simply 'yes'.

Comments

Entered 12/22/92 by Vinay. Updated 11/7/2010.