|Re: finance committees||<– Date –> <– Thread –>|
|From: R Philip Dowds (rpdowdscomcast.net)|
|Date: Sat, 1 Aug 2015 02:25:34 -0700 (PDT)|
I agree with the Meadow Wood view. I don’t know how it is for dentists, but I know how it is for architects: There are quite a few time- and cost-tracking / billing / accounting programs custom-tailored to serve the architecture and engineering professions, and in my opinion none of them work. What I ended up doing was “keeping book” in a cheap generic program (in my case, MYOB / AccountEdge, not QuickBooks), and running the business via an manually linked relational database I customized in FileMaker. MYOB better conforms to GAAP (Generally Accepted Accounting Practices), but QB is easier for civilians to use. Maybe there are some HOA-dedicated, property management programs out there that works fine, but my experience with all these proprietary programs is that they never quite match what I want to do, really, and they are impossible to modify. Philip Dowds Cornerstone Cohousing Cambridge, MA mobile: 617.460.4549 email: rpdowds [at] comcast.net <mailto:rpdowds [at] comcast.net> > On Aug 1, 2015, at 1:48 AM, Kay Wilson <kwilsonfisk [at] comcast.net> wrote: > > For another view - I sent this out to our finance people, and this is the > response I received: > > "QuickBooks is industry standard, user friendly and interfaces with > virtually everyone. It is inexpensive to own and to run. I personally > wonder about any accountant who is not happy to use it. With a basic > accounting knowledge it is quite easy to understand and use (although I > realize MANY who use it do not fully understand how it works). Our > accountant is an expert at it, so much so that he has an assistant who > "modems in" to the businesses they service monthly to quickly and efficiently > see that everything is in order and no one is screwing things up. > > "We have reviewed countless other systems and worked with over a dozen > industry specific accounting programs (dentistry, sheet metal, car audio, and > medical to name a few), that DO NOT follow standard accounting formats and > truly are mysterious in their formatting (along with complicated and > expensive). There is nothing any system I have seen does that QuickBooks > does not have the ability to do, and there is plenty QuickBooks can do that > the others are not set for. > > "I suggest staying with QuickBooks OR going to a manual set of books as > our accounting picture is just not that complicated at Meadow Wood." > > Kay Wilson > Meadow Wood Cohousing > mwcondo [at] google.com <mailto:mwcondo [at] google.com>
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