Review of Addsum Business Software — Advanced Accounting - 2011

AddSum Business Software, Inc. - Advanced Accounting
800-648-6258
www.addsuminc.com

From the April/May 2011 Review of On-Premise Installed Accounting Systems for Small Business

Advanced Accounting offers a highly scalable accounting software product. Well-known for its powerful point-of-sale module, Advanced Accounting also contains complete core accounting capability. One great feature of Advanced Accounting is its expansion capability; the product can handle from one user to hundreds without purchasing additional licenses.

 Best Fit:
A good fit for those with high transaction volume bookkeeping operations who require inventory support. Designed for small to mid-sized businesses, particularly small retailers and contractors who require industry-specific features.

Basic System Functions:
Advanced Accounting was easily installed, with the complete installation process only taking minutes. The main user interface contains a series of colorful icons that provide access to 12 system modules that are included with the product. A toolbar at the top of the screen, provides module access, as well.

Users can choose between the toolbar mode (displays only the toolbar) or full mode (displays both the toolbar and the icons). The GL in Advanced Accounting is mainly used for transactions that are not part of the AP, AR or Sales modules. No dashboard display option is available, and data-entry screens are a throwback to earlier years, with an option to switch between keyboard and mouse navigation. All entry screens also contain the requisite lookup options, with function tabs at the bottom of the screen.

As previously noted, Advanced Accounting offers excellent point-of-sale functionality with templates and industry-specific features, which makes the product suitable for smaller retail businesses. Wholesale and Distribution features are also found within the program, with job cost and bill of materials modules and industry-specific features included.

Advanced Accounting uses a Windows platform and is compatible with Windows 7. Hardware requirements are minimal.

Core Accounting Capabilities:
Advanced Accounting is a completely integrated system, with GL, AP, AR, Payroll, Job Cost, Sales Order Control, Purchase Orders, Point of Sale, Bill of Materials and Inventory Control. Recurring general journals (GJ) can be set up and entered on an as-needed basis. The AR module lets users assign credit limits to customers, classify customers into groups and assign individual discounts to each customer. Users can also maintain secure credit card information on customers, if desired. Vouchers can be entered to apply credits to existing customer balances and edited as needed. The AP module allows users to track regular vendor payments as well as both manual checks and electronic payments. Users can also choose check print dates for invoices entered. Invoices can be paid individually or by vendor, and recurring payables can be entered, as well.

Sales tax levels are easily set up and maintained, with three levels of tax rates that can be assigned to each tax jurisdiction.