Corona 1.7, the latest version of the Mac OS X software for managing a checking account dedicated to a cash-basis business, introduces several features.
"I am particularly excited about this new version of Corona because of the new invoice, address index and accounts receivable reports that have been added," R. Charles Flickinger, author of Corona told MacCentral. "The new invoice form works with an integrated address index and sports the dynamic popup selectors for descriptions and accounts used throughout Corona. Both materials and time can be entered into the invoice form."
There's also a provision for entering discounts and amounts paid in advance. A drag and drop image well accepts custom logos to appear in final printed invoices.
"The new, built-in timer on the invoice form is an exciting feature to use, especially on Mac OS X," Flickinger said. "After starting the timer, the invoice form, as well as any of Corona's windows, can be minimized into the Dock. Later, a click on the form in the Dock brings the invoice back into view. When the timer is stopped, time is entered into the invoice's quantity field and extended by the hourly rate."
The integrated address index allows names to be selected from a scrollable list or an indexed popup selector. The address index can also be used to create printable correspondence; letters can be opened and saved to disk. Management of names and addresses isn't limited to a single list. Corona's address index allows multiple address files to be opened and saved to disk.
"As with the invoice form, custom logos can be dropped onto an image well to be included on the letterhead," Flickinger said. "There is also an e-mail button that will open the Mac's designated e-mail software with a preaddressed mail form ready to compose correspondence for delivery by e-mail."
Along with the new invoice entry form, Corona now includes reports for accounts receivable. Details for a selected customer or a summary list of all receivable accounts can be displayed. As with all of Corona's reports, the accounts receivable reports are printable or can be saved to disk.
For businesses that require a cash management tool, Corona 1.7 provides a cash sales and feceipts form that allows entry of daily or periodic sales totals and amounts received on account. Purchases made with cash on hand can also be listed on the form. When a deposit amount and ending cash on hand is recorded, any shortage or overage is calculated. The cash sales and receipts form also prints a cash report."
"These new features really add to Corona's capabilities," said Flickinger. "Along with the existing check register, bank reconcilement, payroll and financial reports, Corona is not only a venerable tool for meeting the needs of accounting for a business but also a simple, easy-to-use software for managing a checking account."
Corona 1.7 is downloadable from the Corona Web site. The upgrade is free to registered Corona customers and is offered publicly as a 30-day evaluation version. It's built for Mac OS X, but will also run on Mac OS 7.5 through 9.1, if the CarbonLib extension is loaded.
This story, "Corona adds invoicing to accounting, payroll features" was originally published by PCWorld.