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PENDOCK ACCOUNTING FOR PRACTITIONERS v6.0 Trial balance, working paper and financial statement software for accounting professionals.
So easy to use from “day one”, it will never just be left on the shelf! Pendock AFP v6.0 is all about PRODUCTIVITY!
No cumbersome workarounds; with AFP everything is easy!
You and your staff need only a basic spreadsheet knowledge to get Pendock Accounting For Practitioners (AFP) up and running — so staff training costs are negligible. You can put the program to use immediately; there are no templates to build or purchase, and no formulas or links to create.
Whether the engagement is a compilation, review or audit, a host of features help you do the work easily and efficiently: easy client setup, rapid data entry, automatic presentation-quality financial statements, complete working papers, and context-sensitive help.
AFP automatically creates the appropriate engagement letter, accountant’s report and representation letter, including letterheads if required.
AFP Imports the trial balance from any accounting software that can export to an Excel or text file (or enter directly into the pre-formatted trial balance – add accounts as required).
It can import client data such as the general ledger, any journal or any listing. Numerous options are available to analyze the data automatically — searches can be made for amounts equal to, greater than, or less than a specific amount. The search can be made within the entire database or within a particular account.
AFP can import additional Excel workbooks covering fieldwork, client data, or containing additional firm procedures.
Journal entry types include adjusting/normal, tax, potential, reclassifying, other basis, interim, recurring and reversing entries.
Comparative lead sheets and grouping schedules are prepared automatically. As much analysis and commentary as required can be added to the lead sheets and grouping schedules
The closing entry and file setup for the following year is automatic — the process is completed within seconds.
Financial Statements: Financial statements are fully integrated and prepared automatically. There are no transfers or extra links required between the accounting details and financial statements — everything needed is in one program. There are no separate printing programs to learn and no additional templates to purchase or build.
Financial statement customization involves nothing more than selecting the options you want..
An expandable, customizable notes library makes notes preparation a matter of point and click.
Off-side current asset and current liability accounts can be automatically re-classified.
Client Write-ups: Recording transactions for client write-ups is as easy as selecting “Data Entry” from the menu and choosing the appropriate journal: checks, deposits, sales, or general journal.
New accounts can be added “on the fly”. If not doing client accounting or a write-up, all related features can be suppressed automatically.
Recurring payees and their related account numbers can be entered automatically.
The bank reconciliation feature handles as many bank accounts as required. Only items pertaining to the current bank account are displayed. Previously cleared items are suppressed.
Out-of-balance indicators for each journal as well as the trial balance ensure errors are found quickly. Select “Find Error” from the AFP menu to automatically find errors in the check and deposit journals. Errors can be corrected by over typing the errant data.
Analyzing accounts is as easy as selecting “Account Analysis” from the menu. Accounts can be analyzed for the full period or any partial period.
If doing monthly bookkeeping, monthly income statements are prepared automatically, displaying the results for each month in the current year, along with a full prior year comparison. It's as easy as clicking on the menu and selecting “Create Monthly Financial Statements”.
If not doing client accounting or a write-up, all related features can be suppressed automatically.
Additional Features: Scanned Documents: Scan an unlimited number of documents into AFP. As each document is scanned AFP creates an index for instant, easy automatic retrieval. Scanned documents may be placed in the current or permanent file.
Consolidations: Consolidate up to 80 dissimilar companies automatically, including foreign exchange restatement, if necessary. After recording eliminations, the financial statements are client ready.
Trend Analysis: Pendock Accounting for Practitioners can automatically create a trend analysis for each income statement account based on up to five prior years data.
Ratio Analysis: Up to five years historical ratio analysis is completed automatically. Income and expense percentage analysis for the current and up to four prior years is a matter of clicking on the “Create Ratios” menu item.