Intacct Corp., a provider of online professional accounting solutions, has updated its Professional Time & Billing and Business Development applications, a suite of billing and expense reporting applications that are integrated with Intacct's online accounting system.
The online accounting system is an enterprise system made on the Internet for small to medium sized businesses. It's not a redesigned boxed software product. All Intacct software is located on servers, not desktops, but the company decided early on to support the Mac, David Thomas, CEO of Intacct, told MacCentral.
The Web based software runs on Internet Explorer and Netscape browsers on the traditional Mac operating system and Carbonized versions of the browsers for Mac OS X, he said. Intacct does in-house testing to ensure "100 percent Mac compatibility," Thomas explained.
"The Mac has been abandoned by a lot of accounting software firms, but with the Intacct system, users can move to a new accounting system and continue to use their Macs," he added. See our article for details.
The new version is a result of the September 2000 strategic alliance between Intacct and OpenAir, a provider of Web-based professional services automation solutions. The new application suite gives CPAs and financial executives in other professional services firms the ability to input, analyze and manage their professional services engagements -- including project profitability, employee utilization, and time and expense metrics in -- real-time, according to Intacct spokesperson Wendy Bednarz. With the OpenAir integration, Intacct users can now enter time and expense data once, from any Internet connected computer; the data then flows directly into general ledger accounts, approval, billing and reporting processes within the Intacct accounting system, she said.
In addition to its core time, billing, and business development functions, the new application suite's enhanced accounting features include more intuitive navigation, advanced editing capabilities to reflect department and location information, multiple invoice formats and a single login requirement, Thomas said. Plus, as another timesaving enhancement, the OpenAir application is now displayed within the Intacct window, eliminating the need to open multiple browser windows, he added.
The Intacct/OpenAir alliance is the latest of several strategic alliances developed to integrate key services into Intacct's core accounting system using eXtensible Markup Language (XML), the Internet standard for sharing data across applications. Thomas said these alliances allow Intacct's client base of accounting and financial professionals to take advantage of the Internet's anytime/anywhere access capabilities for business processes including: online auditing, financial analysis, professional billing, expense reporting, payroll and human resource services.
This story, "Mac-savvy online accounting system gets updated" was originally published by PCWorld.