2012 Review of Micronetics Accounting Xpert Enterprise Edition

Micronetics, Int’l. – Accounting Xpert Enterprise Edition
561-995-1477
www.axpert.com

From the Nov. 2012 Review of Client Write-Up Systems.

Best Fit:
The system is best-suited to firms managing mid-sized and larger enterprises, particularly those with multiple locations.

Strengths:

• Supports consolidated and multi-division entities
• Reporting across any time period/years
• Good reporting and financials customization, export options
• Strong support for multi-location entities

Potential Limitations:

• No web-based integrations

Micronetics Accounting Xpert Enterprise Edition is specifically designed for accounting firms managing write-up, reconciliation and other accounting services for client bases that can range from smaller entities to mid-sized and larger businesses. The company has been developing software for more than 30 years, and recently released a major update to their flagship write-up system, which includes enhanced navigation, reporting, data entry and journal posting options. The vendor also added secure client portals and remote access via web and mobile devices.

Basic System Functions: 4.5 Stars
Accounting Xpert Enterprise is an all-in-one system that includes full GL, AR and AP, bank reconciliation, financials reporting, inventory, purchase orders and sales modules, plus built-in live and after-the-fact payroll and wage reporting. The only add-on program is the optional checkbook system.

The program opens into a main interface home screen that offers a left-hand menu like the one in Outlook, showing the core modules and program areas. The screen only shows the clients, modules and functions that a particular user has been given access to, with very specific security settings. The system also has drop-down navigation menus at the top of the screen. Users can customize personal reminders, or set general system scheduling alerts.

Setup of client charts of accounts and information takes place on easy to understand entry forms, and Xpert offers industry-based templates for charts, as well as the ability to either create custom account structures from scratch or to copy setting of existing clients. The program can also import client data files from QuickBooks, with automatic creation of an identical chart of accounts.

The program includes dashboard views of key client business information, with the ability to drill down from either the dashboard or reports into transaction-level information. The system can be used by any number of staff (with appropriate licensing), and can handle any number business clients, including those with consolidated reporting, multiple locations and multi-state employees.

In addition to the traditional installed version, Micronetics now also offers the Accounting Xpert system as a hosted solution. This allows firm users to have anywhere/anytime access to the system, while all of the program installation, updates and other IT issues are managed b the vendor. This also can ensure that data is always backed up and retrievable.

Core Write-Up Features 4.75 Stars
The primary write-up functions in Accounting Xpert include a broad set of GL and journal management tools, including creation of up to 9,999 schedules per company, such as traditional financials, or fund statements, unit financials and custom balance sheets. Users can also create up to 999 custom journals, with the ability to create recurring and reversing entries. Users can also unpost journals, make corrections and repost, with full audit tracking. Data entry screens show a list of all transactions on the same window, helping find errors.

The system allows splitting of expenses to multiple GL accounts, and maintains totals of account numbers. Users can easily post transactions by selecting a payee from a list or from the account, while new accounts can be added on-the-fly. The program doesn’t require monthly closings, which allows users to re-run reports at any time and across any date range, even multiple years. Sales analyses and benchmarking tools are included in the program’s reporting section.