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Answers
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I don't know a
lot about accounting. Will I still be able to do
reconciliations like the pros?
RecWizard is more than just a
tool for professional accountants. It has complete, detailed
tutorials giving you examples of how to set up your account
reconciliations and the accounting theory behind your
transactions. To go to the tutorial page
click on the menu item above.
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Demonstrations
and live training are the methods that work best for me to
learn new things. Do you have classes available to teach me
and my staff how to use the software?
At Account-Reconciliations.com our goal is to make sure our users
get the most out of RecWizard. In the near future we will
be offering on-line training seminars led by the
developers of the program. You can see all our training
options by going to the training
page.
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I'm lazy. Does
your software interface with other General Ledger software
to automatically load month end balances?
While it isn't exactly automatic, RecWizard will let you
import your Period End Balances from a .csv or .xls (Excel) file. You can
see exactly how to do it by going to our tutorial and
viewing this page -
Import GL
Balances
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My integrated
accounting package (such as Quickbooks or Peachtree) already
has the ability to do the bank reconciliation. What do I
need RecWizard for?
The integrated accounting software that
is on the market is extremely complete and useful. We even use it
for the Account-Reconciliations.com general ledger. That being said,
there are still many accounts other than the bank account that
should be reconciled. For good accounting procedures to be
effective, ALL your general ledger accounts should be reconciled
EVERY MONTH. Now some of those reconciliations may be very brief,
but they still should be done - EVERY MONTH. It's the month that you
decide you can "do it next month" that always has the error you
should have found. RecWizard gives you templates that guide you
through the process quickly and completely. You can still do the
bank reconciliation with your integrated accounting package, but for
the rest of your accounts - use RecWizard.
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I want to use
RecWizard for multiple companies. How do I do that?
Often the job of the controller or accountant calls for
closing multiple sets of books. You can use our software for all
your entities by setting up separate database files for them.
To see how to do this in the Tutorial, go to the section titled
Multiple Entities.
We'll show you how to set up those new databases and how to
change the company you are working on. After all, what good is a
new database if you can't access it?
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We have several versions of Windows in our office.
What is the requirement for RecWizard?
RecWizard was written for Windows operating systems. We have had
success with it running on all versions from Windows 95
through XP - including 2000 and NT. You should have all
current Windows updates installed for your particular
Windows version.
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I am really under the gun. We need to get controls in
place as soon as possible. How long will it take to
begin using RecWizard effectively?
From
the time we receive the list of your general ledger
accounts until your system is installed and ready to go
- including training - can be as short as one week. It
mostly depends on how quickly you get the information to
us and make you and your staff available for training.
You can see more about training
and QuickStart database
creation on these links.
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My company has some very specific ways of handling
certain accounting policies. Is it possible to have
templates developed so my accounting is consistent and
accurate?
Absolutely. Are design team can discuss
your needs and provide suggestions about how best to
create a template to guide your reconcilers to
completing accurate reconciliations that comply with
your company policies or unique accounting
circumstances. Costs for this type of development are
billed on a time and materials basis. We will also
include additional tutorial pages for any new templates
that are developed.
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Sometimes the problems I encounter in my reconciliations are a
bit unusual. How do I find answers to those problems?
We know there
are many exceptions to every rule. One thing we do to help you
think through the solution is to offer a separate section in the
tutorial called
Special Issues.
There you will see creative ways to apply the software to record
unusual activity or take into account unusual timing issues. If
you have a specific issue that you'd like to have us consider for
inclusion in that section of the tutorial, just contact us and
we'll do two things. First - we'll give you a solution to your
problem. Second - we'll add the solution to our Special Issues
section. If you happen to create a solution that we haven't heard
before, we'll add your solution to our tutorial along with
editorial credit - and we'll send you a really neat screen saver
as a thank you for your assistance in improving our product.
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