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When you first became our client in January of 2006, we reviewed your current accounting system to help us become familiar with your company. We noted, and

discussed with you, that your business was outgrowing the Excel software capabilities. Excel is a wonderful tool

to create forecasting models, and other charts for a business, but it wasn’t designed to keep track of your

day-to-day activities.

We have researched various accounting system software that would be appropriate for the needs of Cabin Fever. Before we go into the details of each program, we would

like you to review a list we have put together to show you the importance of using an accounting system software

rather than Excel.

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Ability to process transactions for multiple departments and in foreign

currencies

Provides customized financial reports

Cash-based or accrual accounting

Recurring journal entries

Check printing

Graphic reports

I want toknow more!

(click here)

Click on “More Info” to learn about each software

Macola

Everest Advanced

Sage MAS 90

Business Vision 32

Cougar Mountain

Peachtree

QuickBook

Quicken

More Info

More Info

More Info

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$10,000 - $50,000

$6,500

$3000

$3500 - $6000

$1499

$150 - $399

$320

<$100

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According to Core Concepts of Accounting Information Systems:

• Entry-Level software is for smaller businesses who have revenue <$5 million, but up to 20 employees, and

• SMB software is for sales up to $100 million, up to 100 employees.

Since you are just above the $5 million mark, we recommend that Cabin Fever use entry-level software to begin with. Doing this would allow all employees to become familiar with the technology while your company grows. When you either employ more people or earn revenues over $10 million you can graduate to the next level of software if you feel your business is ready.

Accounting Software from our list used for entry-level businesses are: Peachtree and QuickBooks. We recommend using one of those programs.

While Quicken is inexpensive and a wonderful program, it may be too small for your business, but could very well be the best possibility. More research is needed to be sure.

Peachtree Accounting System(click here)

QuickBook Accounting System(click here)

Quicken Accounting System(click here)

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All of our associates at Mathamagic, Inc. firmly believe that implementing an accounting system in the procedures of Cabin Fever would greatly benefit the business.

As you grow, you will gain more assets and liabilities. If you do not begin using a new system soon, you may find your records are getting more disorganized.

Your business is continuing to grow every year and having a new accounting system will bring more organization into the business.

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www.Mathamagic.net1-800-ACT-MATH (228-6284) ~ Information@Mathamagic.net

FINANCIAL CONSULTANTS“You can count on us”

Kimberly Barnes ~ Kimberli BuddNicole Holtmeier ~ Carrie Ji

Angela Mitchell

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Bagranoff, Simkin, Strand. Core Concepts of Accounting Infomation Systems. 9th ed. John Wiley & Sons, Inc., 2005.

2020 Software. [web page] 1996-2006; www.2020software.com

Top Ten Reviews. [web page] 2006; www.accounting-software-review.toptenreviews.com

Peachtree Buyers [web page] 2005; www.peachtreebuyers.com

Quickbooks [web page] 2006; www.qbalance.com

Accounting Software World [web page] 1996-2005; www.accountingsoftwareworld.com

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Back to Recommended Systems

Quicken TechnicaltiesQuickBook Technicalties

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Entry-Level, $100 - $4,500 cost

Smaller businesses, < $5 million, up to 20 employees

Includes separate modules for processing general ledger, accounts receivable/invoicing, accounts payable, job cost, and payroll transactions.

Users can select a sample chart and then customize the selection to match their organizations’ account structures.

What does it look like?

Back to Recommended Systems

Quicken TechnicaltiesPeachtree Technicalties

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Entry-Level, $100 - $4,500 cost

Smaller businesses, < $5 million, up to 20 employees

Integrated accounting software package. Includes a chart of accounts and processes general ledger transactions, accounts receivable and accounts payable transactions.

Accounting reports, including basic financial statements and budget reports, as well as bar graphs and pie charts.

What does it look like?

Back to Recommended Systems

QuickBook TechnicaltiesPeachtree Technicalties

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Before Entry-Level, < $100 cost

Personal & Smaller businesses

Helps individuals organize their personal finances

Bill-paying capabilities make it a popular software tool for small businesses

What does it look like?

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Small-Medium Business

$3,000 - $100,000 cost

Sales up to $100 million

Up to 100 employees

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Special Industry (Retail)

$300 - $300,000+ cost

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Small-Medium Business

$3,000 - $100,000 cost

Sales up to $100 million

Up to 100 employees

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Entry-Level

$100 - $4,500 cost

Revenues < $5 million

Up to 20 employees

Back

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Small-Medium Business

$3,000 - $100,000 cost

Sales up to $100 million

Up to 100 employees

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Entry-Level

$100 - $4,500 cost

Revenues < $5 million

Up to 20 employees

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Entry-Level

$100 - $4,500 cost

Revenues < $5 million

Up to 20 employees

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Before Entry-Level

< $100 cost

Individual & Small Business Finances

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Inventory management

Audit trails

Budgeting capability

Multi-user network capabilities

Internet connectivity

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