OSU BA 378 - The Theory of Accounting Applied to Software

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The Theory of Accounting Applied to SoftwareAccounting Software AvailableSlide 3Software BenefitsDynamics v. other packagesDynamics v. MAS90Dynamics DemosGnuCashGrisbiVersions of PeachtreeVersions of Peachtree Cont.New Features of Peachtree CompleteNew Features ContinuedAccounting FeaturesSlide 15Slide 16Peachtree’s StrengthPeachtree’s WeaknessesCompared with QuickBooksCompared with QuickBooks ContinuedQuickBooksBasic InformationHow is QB different from Quicken?Versions of QuickbooksDifferences between versionsUsing QBBA 211/317Accounting QuickBooks StyleSlide 29Financial StatementsSlide 31DrawbacksHands-On FeaturesOverallQuestions?BibliographyThe Theory of Accounting The Theory of Accounting Applied to SoftwareApplied to SoftwareJustin Botillier, Torrey Jacobson,Justin Botillier, Torrey Jacobson,Mindy Konno, Maxine Vang, John ZollerMindy Konno, Maxine Vang, John ZollerAccounting Software AvailableAccounting Software Available1.1.Microsoft DynamicsMicrosoft Dynamics2.2.Peachtree (Sage Accounting Software)Peachtree (Sage Accounting Software)3.3.QuickBooksQuickBooks4.4.Everest SoftwareEverest Software5.5.GnuCashGnuCash6.6.GrisbiGrisbi7.7.Dolphin Accounting SoftwareDolphin Accounting Software(formerly Microsoft Great Plains)(formerly Microsoft Great Plains)Project Accounting SoftwareSoftware BenefitsSoftware BenefitsFinancial managementFinancial managementInstantaneous financial analysisInstantaneous financial analysisAnalyticsAnalyticsBroad range of flexible, customizable analytics, reporting and Broad range of flexible, customizable analytics, reporting and budgeting optionsbudgeting optionsBusiness PortalBusiness PortalBuilt on Microsoft .NET technology. Allows data and processes Built on Microsoft .NET technology. Allows data and processes to be accessed from a Web-based portalto be accessed from a Web-based portalDynamics v. other packagesDynamics v. other packagesIntegration with widely-familiar applicationsIntegration with widely-familiar applicationsDeveloped by Microsoft which means it is built to work Developed by Microsoft which means it is built to work seamlessly with their other products, such as Microsoft Office seamlessly with their other products, such as Microsoft Office and Microsoft SQL Serverand Microsoft SQL ServerMicrosoft Office-like interfaceMicrosoft Office-like interfacePricing/FinancingPricing/Financing$5,000 to $500,000. Module type packaging lets a company $5,000 to $500,000. Module type packaging lets a company create their own personal accounting package, eliminate create their own personal accounting package, eliminate expense on unwanted optionsexpense on unwanted optionsAvailable from Microsoft Financing to reduce the burden of Available from Microsoft Financing to reduce the burden of expensive IT changesexpensive IT changesTrainingTrainingOnline e-coursesOnline e-coursesClassroom training throughout the United States and CanadaClassroom training throughout the United States and CanadaDynamics v. MAS90Dynamics v. MAS90*http://www.microsoft.com/dynamics/gp/product/mas90comparison.mspxDynamics DemosDynamics Demoshttp://www.microsoft.com/dynamics/gp/product/demos.mspxhttp://www.microsoft.com/dynamics/gp/product/demos.mspxGnuCashGnuCashOpen source software Open source software (free)(free)Runs on Macintosh, Runs on Macintosh, Windows, and Linux Windows, and Linux computerscomputersKeeps tract of bank Keeps tract of bank accounts, stock accounts, stock options, income and options, income and expensesexpensesGrisbiGrisbiOpen source accounting Open source accounting software (free)software (free)Runs on Windows, Runs on Windows, Macintosh, Linux Macintosh, Linux computerscomputersProvides basic Provides basic accounting accounting reporting/recording such reporting/recording such as managing third party as managing third party finances, expenditure and finances, expenditure and receipt categoriesreceipt categoriesVersions of PeachtreeVersions of Peachtree1. Peachtree by Sage 1. Peachtree by Sage First AccountingFirst Accounting **Designed to support small service-Designed to support small service- oriented businessesoriented businesses2. Peachtree by Sage 2. Peachtree by Sage AccountingAccounting **Add basic inventory features to support Add basic inventory features to support retail establishmentsretail establishmentsVersions of Peachtree Cont.Versions of Peachtree Cont.3. Peachtree by Sage 3. Peachtree by Sage CompleteComplete **Provides networking and multi-user support, advanced Provides networking and multi-user support, advanced inventory features, online banking, online bill paying, inventory features, online banking, online bill paying, job costing, time and billing, an audit trail, and first-rate job costing, time and billing, an audit trail, and first-rate fixed asset management features.fixed asset management features.4. Peachtree by Sage 4. Peachtree by Sage Premium AccountingPremium Accounting **Includes all the features found in Peachtree complete Includes all the features found in Peachtree complete as well as departmental accounting, serialized inventory as well as departmental accounting, serialized inventory to assign serial numbers to them, company to assign serial numbers to them, company consolidation to roll up and summarize data, progress consolidation to roll up and summarize data, progress billing and employee compensation histories and report billing and employee compensation histories and report customization. customization. *Also comes in industry-specific versions for *Also comes in industry-specific versions for accountants, manufacturers and distributors.accountants, manufacturers and distributors.New Features of Peachtree New Features of Peachtree CompleteCompleteNow offers online Now offers online banking – a longtime banking – a longtime QuickBooks featureQuickBooks featureDownload and import Download and import transactions from transactions from your financial your financial institution directly to institution directly to PeachtreePeachtreeBank listBank listNew Features ContinuedNew Features ContinuedNew online bill New online bill payment featurespayment featuresNew internal New internal accounting review accounting review that removes that removes suspicious suspicious transactions and transactions and accounting mistakes accounting mistakes such as duplicate such as duplicate


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OSU BA 378 - The Theory of Accounting Applied to Software

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