Eureka! Accounts Production enables you to produce accurate financial reports, complying with all statutory disclosure requirements and accounting standards, with the minimum of effort.
Fast data entry and accurate reporting ensure the most efficient use of staff time in producing each set of accounts.
Other positive features include automatic error checking and anomaly reporting, maintenance of a text library for automatic inclusion in clients' reports, intelligent condition testing for disclosure requirements, and many more that are designed to save you time, effort and money.
Eureka! also eliminates problems which many accountants have experienced in the past with other software when their formats were destroyed by updates of their operations disrupted by radical changes in nominal code structures. Eureka! is flexible to respond rapidly to any future changes in disclosure requirements or any other variation in the accountancy environment. This flexibility also allows you to continue using your existing nominal account codes and to report using your own house designs.
Eureka! Accounts Production features:
Volumes
- Unlimited number of clients
- Client categories: Companies (large, medium, small), Partnerships, Sole-traders
- Unlimited number of years' data held
- Unlimited number of report formats
Transaction Posting
- Easy and rapid data entry
- Scrolling through entries for easy amendment
- Search facility for account codes
- Intelligent posting to debit or credit
- One key switching betwen debit and credit position
- Debit and credit totals and difference permanently on screen
- On screen incrementing of control account balance
- One key viewing of nominal accounts
- New account code creation while posting
- Individual transaction dates may be entered
- Narrative entry with automatice repetition
- Working paper references may be entered
- Amount searching to facilitate error locating
- Year 2000 compliant
Account Codes
- Full set provided
- User can create specialised sets, e.g for Retailers, Farmers, Small companies etc.
- User can use own familiar codes or Eureka! codes
- Codes may be copied from master file or from another client
Year End Routine
- Automatic bringing forward of correct balances
- Adjustments posted for rounding differences
- Prepayments and accruals automatically reversed
- Partners' profit allocation
- Balance sheet stock automatically posted
Client Data
- Easy entry of text required for disclosure
- Importation of text from master file or from another client
- Simple text amendment from year to year
Accounts Production
- Templates supplied for all accounts and notes for final accounts
- Complete compliance with all statutory disclosure requirements and current Accounting Standards e.g FRS 1,2,3,4; SI2452; SAS600
- Template sets supplied to produce abbreviated, restricted and full company accounts; and, partnership and sole-trader accounts
- Reports may be produced in user's own house style
- Additional templates readily produced e.g for management accounts
- New template set may be produced for flexible distribution of accounts
- Computer intelligent reporting to vary textual wording e.g director/directors, he/she, profit/loss
- Computer intelligent selection of disclosure material according to data
- Check list produced with each report on missing or erroneous data
- Output to screen, printer or disk for importing to other software
- Cash Flow Statement automatically calculates figures 'net' of accruals and prepayments
- Rounding difference automatically posted on accounts production
Other Reporting
- Standard trial balances
- Net trial balances showing profit figure
- Individual nominal account details
- Account code listings
- Audit trails
Period Accounting
- Postings made for the year and period
- Period end reversing entries
- Flexible reporting of period or year to date compared with appropriate period
Upgrades
- Report formats updated without affecting previous work or formatting
- Rapid response to changes in disclosure requirements
Other Features
- Simple switching between clients and years
- Comprehensive password protection
- Archiving and retrieval facility for client databases
- Integration with Eureka!Time Recording software
Eureka! software is widely used
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Eureka! Time Recording, Costing and Charging Software for Local Government and Public Bodies |