Simply Accounting Tips

Posted By on December 3, 2010

Difference between Full Add and Quick Add:
Full add of a customer or a vendor allows you to enter the address, phone & fax number, contact name, etc. Quick add only allows you to add the name. You can always go back to customer or vendor screen and put the detail information in.
09/27/09 @ 17:33
Comment from: Brenda [Visitor]
I am living in Kelowna, bc in Canada. I am using Simply Accounting for my bookkeeping.

How can I tell if I am in history mode or not?

09/27/09 @ 17:40
Comment from: Rob [Visitor]
To answer your question of “How can I tell if I am in history mode or not?
“:

If you have little feathers beside each module then you are in history mode.

09/27/09 @ 17:45
Comment from: Joe [Visitor]
As a small business operator, I am thinking of switching to Simply Accounting. Are there different flavours of Simply Accounting like Basic, or Enterprise, etc?

Can anybody tell me what is so special about Simply Accounting?

01/06/10 @ 20:20
Comment from: NK [Member]
Hi Joe, There are five types of softwares, First Step, Pro, Premium, Enterprise, and Accountant Edition.
First Step has a two step setup, fill in your company name and enter the company’s start and end date for the year. You can keep track of customers and supplies, write cheques, price list for inventory, and generate reports.
Pro offers General ledger, customers & sales, vendors & purchases, inventory & Services, Project costing, and payroll. It is easy to set up and transfer data from Quickbooks or MYOB.
Premium offers the same essentials as Pro with some extras, you can roll up multiple company files into one ledger data file for consolated reporting. This is great for enterprises that have multiple cmpanies. Choose between 2 inventory costs, first in first out or weighted average cots. You have more tools for sales analysis and forcasting.
Enterprise offers same features as Pro & Premium plus, you can get packages with 10,15,or 20 users. Includes simply care with payroll and support, control user access, and serialized inventory.
Accountant Edition offers same as above three softwares as well as, you can now create, open, edit and save from all simply accounting 2010 editions. Re-number general ledger account numbers and merge duplicate data. Provides real-time simultaneous access so clients don’t have to stop entering infrormation before you can open, enter, edit, and save your data.
Hope this helps.
nk

01/15/10 @ 10:22
Comment from: Kelowna Bookkeeper [Member]
The project module in Simply Accounting can be very useful.
With older versions of the program I set up different categories in the chart of accounts to track cost and that made my chart of accounts pages long. But now I use the projects for businesses such as construction, real estate rental property or manufacturing.
You can allocate all direct cost on an item through purchases or sales modules.
This has become a great tool for me and for my clients.
nk

03/12/10 @ 10:52
Comment from: Kelowna Bookkeeper [Member]
I learned a trick in how to keep Canadian and US customers and vendors separate.
When you’re entering a new customer, eg, a US customer in the customer module press the space bar once and start entering the customer name. This will indent your customer name. All the names with an indention are your US customers.
nk

03/12/10 @ 11:02
Comment from: Kelowna Bookkeeper [Member]
What is a sub-ledger and what is a control account.
This is a very good question. In Simply Accounting program a sub-ledger refers to the modules where you enter purchases and make payments and create sales and enter receipts.
The control account is the accounts payable and receivable on your balance sheet. These accounts keep trap of every invoice entered and payment received. The total of the control account should always match the sub-ledger account.
nk

03/12/10 @ 11:08

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4 Responses to “Simply Accounting Tips”

  1. mutliberry says:

    Our company’s accounting software is Simply Accounting and we used the project module to track cost. However, our management has decided to change and replace it by Quickbooks . Please advise if any compatible function as project module in QB or how QB track cost of projects. Thanks in advance.

    • nk says:

      Our office is fluent with Simply Accounting software. You may want to try kelownaaccounting.ca as they are familiar with QB.

  2. Mary Lou Napora says:

    Will Simply Accounting First Step do simple project costing for non-profit purposes? or would I need to purchase Simply Accounting Pro? I am not dealling with inventory just simple tracking of revenue and expenses related to projects

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