Dear AccountMate Clients;
It’s hard to believe it’s already time for our annual pilgrimage out to California. AccountMate will host business partners from across the country at Synergy, their annual conference, beginning March 3, 2007.
Not only will we have a chance to exchange ideas with other business partners, but we’ll also be – often quite literally – at the elbow of the AccountMate executives. And they’re always willing to listen.
If you have product suggestions, wish list items, or other feedback you’d like us to share, please let us know by the end of the month. We’re happy to pass it along.
Regards,
Kevin E. Stroud
NexLAN, LLC
https://nexlan.com
Update for current year W-2 printing
AccountMate has recently released a Payroll Tax Subscription update for all LAN systems and all SQL 6.5 systems and older. It corrects the values entered into boxes 3 and 4 only when printing current year W-2s.
You shouldn’t need this functionality until December of 2007, when you’ll be printing test W-2s, so we’re going to hold off on implementing this patch. There may be another update before then, so we’ll plan to address the issue then.
Tech Note – times two!
When assembling this month’s NewsLine, we just couldn’t pick between these two great Tech Notes from AccountMate – so we’re including them both!
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An issue that concerns manufacturing and trading companies is how to ensure that they carry sufficient inventory to meet production or customer demands. One of the features introduced in AccountMate 7 is the ability to update inventory reorder point based on historical sales and/or production usage, lead time and safety stock data. This article discusses how the system uses these data to update the inventory reorder point.
Article 1220: Factors Relevant to Updating Reorder Points Based on Reorder Point Formulas
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We recognize that not all AccountMate users have an accounting background. In fact, one of AccountMate’s strengths lies in the ease with which those with little or no accounting training can learn to use the product. For the most part, the GL Account IDs that are used in the journal entries generated by recorded transactions are assigned earlier on in the setup process so that by the time a user gets around to recording customer invoices, collections, purchase orders and the like they don’t have to worry about selecting the correct GL accounts. The Accounts Payable module’s Authorized Reference Accounts feature that is introduced in AccountMate 7 was designed for this same purpose. This article discusses how you can use this new feature to help ensure that vendor invoices are posted to the correct GL accounts.
Article 1224: Setting Up Authorized GL Account IDs for Use in Posting AP Invoices
Charles Ocat
Director of Technical Services
AccountMate Software Corporation
Technical Tips
Version: AM7 for SQL and Express, build MS702
Module: SM
TIP: You can add function shortcuts for non-AccountMate modules. Simply add a record for the non-AccountMate module in AMMOD and add the function(s) (i.e. transactions, reports, maintenance, and housekeeping functions) in AMMENU.* for the function name(s) to appear in the Create AccountMate Shortcut window.
Version: AM7 for SQL and Express
AM6.5 for SQL and MSDE
AM6.5 for LAN
Module: MI
Q: During which stage of the work order process does the system deduct from the components’ on-hand quantities the units used in production?
A: It is during Post Work In-Process that AccountMate deducts the units used in production from the component items’ on-hand quantities. The production units deducted from the on-hand quantity is shown in each component item’s allocated quantity.
Version: AM7 for SQL and Express
M6.5 for SQL and MSDE
AM6.5 for LAN
Module: PR
Q: I updated the employees’ pay rate and entered an effective date of 03/01/07. If I do a payroll run on 02/15/07, what rate will the system use?
A: When applying payroll, the crucial date is the pay period covered by the payroll run; the date when you access and run the Apply Payroll function does not matter. Based on the given scenario, a pay period that falls before 03/01/07 will use the old rate; a pay period that covers 03/01/07 and onwards will use the new rate.
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