|PC MARS for Windows is a
full-featured accounting software designed specifically for farm applications,
but with enough flexibility that it may be used for small business applications.
CASH OR ACCRUAL:
The software will operate in either a cash basis accounting mode or the fully accrual basis mode; depending on which system is selected during the installation process. The cash system is a simpler and easier to use, whereas the accrual system will handle more complex accrual accounting methods. The accrual system is capable of generating cash basis reports, dependent upon the method of inventory adjustment entries.
BANK, FUND ACCOUNTS:
PC Mars will enable the user to track up to 30 different bank, money market or other fund accounts and their balances. As in the vendor file, new accounts may be added from the data entry screen without exiting to the software setup procedures. As the user enters individual transactions, the data entry screen will display the accessed bank or fund account balance. Procedures are provided to rapidly reconcile information entered into PC MARS with monthly bank statement(s).
CHART OF ACCOUNTS:
The software, either cash or accrual, has several farm or small business charts of accounts that may be selected during the setup process. There are farm charts of accounts that conform to the categories used by the Iowa, Illinois, Minnesota (FinPack) Farm Business Farm Management systems. User may select a totally user defined system as well. The system provides up to 625 account codes.
The software provides the user listing for commonly used vendors, both to facilitate entry time and check printing. There is a separate vendor listing for individual loan accounts. All vendors may be "flagged" for 1099 reporting, and specific reporting capabilities are available for the listing of potential 1099 recipients. New vendors can be added "on-the-fly" without having to enter the software setup procedures. All vendors may be assigned a default account code, easing the data entry routines. The vendor file capacity is limited only to the user's needs or hard drive capacity.
Users may set up payroll files for an unlimited number of employees; specifying the information necessary to generate the payroll check and the appropriate deductions for federal, state and FICA withholdings as well as a pension and three other potential withholdings. Payroll checks can be printed with a detailed stub. A full compliment of labor/payroll reports are available to users in both the case or accrual versions of the software.
PC Mars users are able to track specific loan balances and interest paid on each specific loan. Loans will display in the vendor file, with the *L indicator denoting that this is a specific loan. As with the payroll capability, there is a full compliment of loan reports available for the users to select from. As with the vendor file, the loan list is limited to the users needs and/or hard drive capacity.
In the farm accounting area, or the small business structure, ability to segregate the business into enterprise segments is a necessity. PC Mars users can define an unlimited number of different enterprises within their business. The reporting capability of PC Mars allows the user to generate reports by enterprise. All account codes may also be defaulted to a specific enterprise, easing the data entry process.
PC Mars users can set up a "pick list" of an unlimited number of descriptions that may be used in either deposit or check transactions. The list insures that the descriptions are identical for search and selective reporting purposes. These descriptions may be added "on-the-fly" as in the case of vendors, and account codes, etc.
During the software setup, PC Mars users may opt to utilize profit center designations in their accounting. A profit center may be a separate segment of an enterprise, i.e. the finishing buildings in the hog enterprise, or a land lease unit. In the flexible "selective" reports capabilities of PC MARS, this allows excellent income/expense tracking abilities.
Users may track income and expenses to many levels. From vendor, account code, enterprise, descriptions, to profit center. The selective reporting capabilities will support this "sort" level, plus date and bank/fund account selections.
Transactions involving revolving credit accounts or credit cards can be entered.
Inventory information can be entered to the level of detail desired by the user. For instance the user can enter total quantity of grain and livestock or detail it by bin or individual livestock group. This inventory information is used to compile a Net Worth Statement using either cash (basis) or market value numbers. In the accrual system, an accurate inventory can be derived at any time from information entered in transactions. Seven screens provided for entry of inventory information.
PC Mars has the normal report capabilities, in either the cash or accrual mode, of any accounting software, but its payroll and loan tracking reports have been designed with versatility in mind. The "selective" reporting capability permit the user to generate reports based on any one of the data entry blocks or any combination.
CASH FLOW PLANNING:
Cash flow planning / budgeting features in PC Mars allows the user to build a annual, monthly or quarterly budget for the accounting year. The system will then generate "comparative" income statements that compare the budgeted amounts with the actual figures for the reporting month and the year-to-date figures.
OPTIONS AVAILABLE DURING DATA ENTRY
Summary of Other Features