| 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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