Work in Multiple Months at the Same Time

How long does it take to perform a month end? How about a year end?
Typically, it takes a few weeks for the bills and bank statements to arrive in the mail, so a month end is generally not completed until the middle of the next month.

With a year end, once you have entered all your information, you must pass on the reports to your accountant for their magic to be applied. Depreciation, tax caclulations, forms to be filled out and submitted to the government. By the time you're done, it could be 6 months.

Believe it or not, most competing accounting systems do not properly allow you to report on your business for past months or years. Some will allow you to enter the data, but when it comes to reprinting an accurate set of financial statements for a given point in history, most fall flat on their face.

With Windward System Five, you can reprint an Income and Expense statement for any month in any year at any time. Or reprint a Balance Sheet. Or an Aged Accounts Receivable or Payables Report.

This is not trivial. When you reprint an Aged Payables report for the previous month, the system ignores bills and cheques entered in the current month showing the true condition for the end of the previoius month.

What this means to you is that you can do your work daily and never get behind and still get the reports you need. We have witnessed many people using other software packages piling up the work on the corner of their desk until they are finished with a month end and then frantically playing catch up.