It includes accounts receivable and accounts payable modules that are fully integrated with the general ledger, bank reconciliation, a general journal, and many sophisticated financial reports (Figure below shows one of may reports in Genesis Accounting).Ī detailed accounts receivable aging report from Genesis Accounting. It’s designed to be integrated into existing database systems (with at least an existing contact management system and basic invoicing and purchasing functionality). This comprehensive FileMaker-based solution from the folks at New Millennium Communications is the “big cheese” of FileMaker based accounting packages. Here are some FileMaker-based solutions to meet those needs. Over the years, the author’s clients have always had various accounting related needs for their FileMaker database systems whether for printing pay checks, running tax reports, or managing invoices and purchase orders.
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While FileMaker Pro was not specifically designed to handle the many complex processes required by a robust accounting system, and while certainly not every business out there has financial “shoes” that a FileMaker Pro–based accounting system can fill, FileMaker Pro offers several very powerful accounting solutions built right in that will suit the needs of many a business.Īnd many of those aforementioned accounting software products will seamlessly integrate will FileMaker database systems, too. The software you choose will have a great impact on the success of your enterprise and greatly impact your ability to make financially sound decisions now and in the future.Įnter FileMaker Pro. Industryspecific accounting packages help fit the needs of particular types of companies, like specialized software to help a doctor’s office track payables and receivables or software specific to book publishing. Peachtree Accounting can meet the needs of larger companies, and software like Microsoft’s eEnterprise (one of its Great Plains products) can work for mega corporations. Generic packages like MYOB and QuickBooks (or even Quicken and Microsoft Money, which also have small business versions) often meet the needs of small to medium-sized businesses. The fact is, there are accounting or financial packages for businesses of about every size and shape and for just about every industry and market. As such, it’s hard to imagine that there’s one accounting package out there that could possibly meet the needs of these diverse companies.īut that’s probably just fine.
And of course, schools, nonprofits, and government agencieshave their own unique accounting challenges.
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On the other hand, a Fortune 500 company or even a small regional manufacturing company might have a whole legion of accountants and financial analysts to keep track of cash flow and to determine how to best utilize financial data to help the company grow and prosper.
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A small shop that sells handmade wood carvings probably doesn’t have a full time accounts receivable clerk perhaps the owner does all the accounting herself on the same home computer she uses to download images of her grandchildren.
Every business keeps track of its financial records in one way or another, but every business is different as far as its needs in this regard.
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