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Professional Services Accounting

Your Choice of Platforms

Whether you prefer a desk-top or web-based system, PSA can fit into your operations with as little disruption as possible.

A rich-client desk-top interface offers:

  • the utmost in power and speed
  • multi-document interface makes handling interruptions in work easy

The Web-based version offers:

  • minimal set-up and maintenance: nothing to install on your employee's workstation
  • reduced network traffic: all the work happens on your server, only the web page is transmitted
  • familiar browser interface reduces the learning curve
  • convenience of working from home (or on-site for your client)
  • can be restricted to your intra-net.

 

Locally (and easily) Configurable

Many features of the Professional Services Accounting system are internally configurable, i.e. the set-up options allow each owner (and, for some options, each operator) to choose for themselves how the system should look and operate. These options can be set and re-set with a minimum of difficulty without having to re-install the system.

Options such as screen colour, date format and search defaults can be set for each individual operator, while cheque format, fiscal year end and calculation of services charges, etc. can be set by the System Administrator for the entire system.

In all, there are over 100 locally configurable options that govern how the system will operate for you.

But just as important, because this system is written in a modern database language, special changes to accommodate your own particular needs and preferences can also be readily implemented. While the system does what it is supposed to do well, there is nothing that is unchangeable, that cannot be altered to suit you better. The opportunity for custom enhancements is very much a part of what this system offers, whether you recognize the need for specific improvements at the time of installation or at any time afterwards. You can proceed secure in the knowledge that as you grow or change, the system can grow with you.

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Accessible Accounting
You already let the computer take care of many functions for you, automatically, why not let it handle Debits and Credits too? Just as engineers have given up slide rules and programmers have given up their punch cards so, too, there is no longer any need to think of entering accounting data as we once did: all you need to know is more or less. And what could be simpler than more is positive and less is negative? PSA knows internally which accounts are credit accounts and which are debit accounts and does the proper arithmetic for you.

So an invoice means more in Accounts Receivable, more in Taxes owed the government, and more in Revenue, and all are entered as positive numbers.

A Supplier's Invoice, entered as a Payable means more in Accounts Payable, less in taxes owed the government and more in expenses, and only the taxes are entered as a negative number.

It's as simple as that. So if formal and traditional accounting practices have been keeping you from getting the most out of your accounting data, PSA can make it much easier, without breaking any of the really important accounting rules.

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Multiple Billing Rates
How much is that hour on the time sheet? That all depends, on several factors, not all of which must be included in your installation--you can choose which ones to work with:

Position: People normally work in a particular position but may occasionally work in more than one. For example, in an Engineering environment, a Senior Engineer may be charged out at a higher rate when acting as Project Manager, or a lower rate when taking on Junior Engineer tasks to help complete an assignment. PSA manages the rate differentials automatically.

Location: for engineers, in particular, work done in the office is often charged for at a different rate than work done in the field, or off-shore.

Activity: PSA supports applying a percentage adjustment to Activities so that, in an Accounting environment for example, a CA doing Audit work can be charged out at 110% of his or her normal rate (or less for more mundane tasks that still have to be done).

Rate Schedule: PSA allows for many different rate schedules to accommodate changing conditions or special deals. What that person in that position performing that activity earns depends on the rate schedule in effect when the invoice is issued.

Override: After everything else has been applied, there is still an opportunity to ignore everything at invoicing time and simply enter a special rate for a particular instance of time (or materials) booked.

Discounts: After normal charge-outs have been calculated, a discount can be applied to the entire billing (or portions of it, normally discounts do not apply to disbursements)

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Multiple Currencies
Conversion to and from foreign currencies are handled automatically, based on rates you maintain in the Currency table. As rates changes, new entries keep your data current, but the ability to override for particular situations is always there. The currencies the system can handle is always under your control.

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Contact us at reg@secondpersonplural.ca.
Copyright © 2002-2006 Second Person Plural Ltd.
Last modified: 10/23/06