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                  Windward System Five - POS Software | Inventory Control | Point of Sale | Accounting Software Solutions for Todays Independent Retailer - 1300 137 066

Integrated Accounting

Windward System Five is fully integrated. That is, when you create an invoice, the general ledger is updated immediately instead of having to run a batch process at some later time.

Batch processing was the old way of handling the ledger transactions and it had many problems. Most noteably is the fact that a separate procedure is done to post the invoices, payments, bills and cheques into the general ledger with lots of chances for something to go wrong. More importantly, is a batch total is posted, making it very difficult to reconcile the accounts at a later date. We have seen many examples of tax auditors having to spend days or weeks looking through the paper batch reports, and nobody wants the tax police hanging around.

With Windward, each line you see on an invoice is stored as it's own record in the database. When viewing the general ledger, the system views the same lines, but from a different point of view and on a different index. The result is simplicity and therefore little chance of problems. If you edit and fix and invoice, the ledger is fixed at the same time because it's the same record. This also saves a huge amount of hard drive space and backup storage requirements.

And then, when the Sales Tax Police do arrive, they can view the ledger details and for each line, they will see the date, invoice number, customer name, and amount of sales tax collected. Fast and simple and error free.

And because of the compact data storage and the simplicity of Windward's design, you'll be able to store up to 40 years worth of invoices and detail and report on them at any time.


 

 

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