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Every transaction you enter, every change, every bit of data is posted and processed instantly as
you enter it.
The advantages are obvious:
- No more end-of-period
posting/closing before you can begin the next period.
- No more inaccurate or incomplete data or reports.
Most accounting systems purge all current detail every time you post the end-of-period.
You can no longer look up an invoice, reproduce a check, print a detailed
inventory usage report, or analyze your data in countless other detailed
ways necessary for effective management. Pacifica never automatically
purges your precious detail.
Although this feature may seem important only to your accountant, Pacifica's
compliance with GAAP (Generally Accepted Accounting Practices) and
FASB (Financial Accounting Standards Board) ensures that the
methodology and results you obtain with Pacifica are consistent and
accurate.
With Pacifica, you may set up as many companies as you need. Each company may have the
same or similar chart of accounts, or each may be completely different.
All data for each company resides in just one file, making maintenance
simple. Just the thing for an accountant's client write-up
business.
Quickly set up each new company by selecting a
chart of accounts from our complete list of company types, for sole
proprietors, partnerships or corporations, in either branching or cascading
style.
This feature, unique to our
General Ledger systems, allows you to set up a division of your company,
or a branch, subgroup, process, or even an employee or piece of equipment,
as a profit/cost center for powerful data gathering and reporting and
simple job costing.
No more trying to set up complex account/sub account structures with a limit of 7
characters. Each account number can be up to 20 characters long, and may
include hyphens to clearly separate the number into sub-groups. In
addition, the Profit/Cost Center number can be up to 20 characters,
allowing you a generous total of 40 characters.
Account numbers can optionally include letters, or they may
be names, words or even phrases, up to 20 characters long.
By using Profit/Cost Centers, you may automatically allocate dollars by percent to
as many cost centers as you like.
With Pacifica, you never need to close an accounting period before starting another. Reports
accurately and automatically adjust, even if the prior period or periods are still open.
Pacifica never automatically purges any detail. All detail is permanently available for
use in reconstructing or reprinting any transaction ever entered,
instantly. All transactions may be ID stamped according to the operator
who originated the document. The drill-down capability of Pacifica reports
allows you to easily follow an audit trail back to its originating
transaction. All changes to data, including deletions, voids and all other
unusual or exception events, are tracked by an auditable exceptional
events log, showing the document both before and after the change.
No other accounting system maintains as strong an
audit trail as Pacifica.
Pacifica totally automates the tedious task of budgeting,
allowing you to create budgets for any section of your chart, including
Profit/Cost Centers, over any time period or periods (as short as a day,
and even overlapping), based on a previous budget or actuals.
Pacifica provides a
full complement of budgeting reports, including multi-period comparatives
showing actual, budgeted and variance by dollar and percentage - budget
reports not found in other systems.
Pacifica covers the spectrum in financial reporting with Balance Sheets, Income Statements,
and direct method Cash Flow Statements. And Pacifica offers all of these
reports in three remarkably useful formats: standard single period, two
period comparative, and multi-period (up to 18 simultaneous periods)
comparative.
Since Pacifica is real-time, with all transaction data always on-line, each of these
powerful reports can be run over any date span; they can cross any
month-end or year-end, with no adjustments necessary. You'll never be
locked into monthly/quarterly/annual financials again. Any of the
financials can pinpoint a Profit/Cost Center, so you can easily report on
your company, division by division.
Pacifica features a powerful Financial Report Writer, allowing you to create your own highly
customized financial reports.
You can consolidate up to 100 separate companies.
With Pacifica General Ledger, you'll get the closest, fastest and most accurate in-depth
look at the heart and health of your business, with the tools and
information you need to respond to the future, not just react to the
past. | 
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