ACCPAC Launches New Simply Accounting 2003: Features Integrated Web Store, True Departmental Accounting, and Dozens of Enhancements

My spin: With the upgrade of Simply Accounting, ACCPAC offers it’s 360,000 users something else to be grateful for this Holiday Season (or any other time! 🙂 )! ACCPAC, Best Software’s Peachtree and Intuit are all working hard and doing well to keep their customers loyal – and snag a few from each other.
PLEASANTON, Calif., December 10, 2002 – ACCPAC International, Inc., a subsidiary of Computer Associates International, Inc. (NYSE: CA), announced today the release of Simply AccountingÆ 2003, the new version of its integrated accounting program for small businesses. Simply Accounting 2003 gives small businesses a complete accounting system, including payroll and e-commerce features, for as little as $39.99. The Simply Accounting 2003 Pro version adds multi-user, multi-currency, and time billing capabilities for as little as $89.99.
A major upgrade from previous versions, ACCPAC Simply Accounting 2003 includes the features most requested from a base of over 360,000 registered users worldwide. Small business owners can spend more time growing their businesses with the dozens of new features and enhancements in Simply Accounting 2003, including:
-New Simply Webstore(tm) for integrated e-commerce;
-New Departmental Accounting (Pro version);
-New Time Billing and Payroll integration (Pro version);
-New Security features;
-New Reporting enhancements;
-New General Journal enhancements;
-New Payroll enhancements, and;
-New Time-saving features.
“Small businesses don’t have the luxury of expensive consultants to explain or manage their accounting, or create a presence for them on the Internet–they need affordable software that’s easy to use, accurate, and gives them a clear picture of their business,” said Scott Garell, Senior Vice President, ACCPAC Small Business Group. “We’ve designed Simply Accounting 2003 to be the best value accounting software for small business–a complete, secure accounting system that business owners can be confident in using day in and day out.”
New Simply Webstore for integrated e-commerce
Simply Webstore offers businesses an inexpensive and fast entry to online selling, enabling users to build a complete business-to-business and business-to-consumer Web store in a matter of hours, using any of over 60 supplied store templates. Unlike typical Web stores that operate independently of the accounting system, Simply Webstore understands Simply Accounting data, so no extra integration effort is needed–inventory in Simply Accounting 2003 automatically presents itself in Simply Webstore and sales transactions made at Simply Webstore go directly into Simply Accounting 2003 without re-keying. Because Simply Webstore is managed online through an ACCPACÆ hosted software facility, it doesn’t require users to set up sophisticated hardware and software in their offices. A low monthly fee of $35 for the service ensures cost-effective e-commerce capability. ACCPAC also offers optional services to assist with domain registration, credit card processing, setup and design for businesses that want to simplify their
e-commerce even further. Simply Webstore works with both Simply Accounting 2003 Basic and Pro versions.
Departmental Accounting and Time Billing/Payroll integration
The new Departmental Accounting capability in Simply Accounting 2003 Pro enables detailed reporting of up to 100 departments within a company. Simply Accounting 2003 Pro uses segments in the GL account codes, enabling true Departmental Accounting and reporting throughout all accounting modules. In addition, new integration between the product’s Time Billing and Payroll modules enables users to easily pay employees based on time slips and compare billable or actual amounts with payroll costs.
New Security features
Simply Accounting 2003 security can now be assigned to the record and journal level. This release also incorporates increased password security and a new check log report that allows small business owners to keep tight control and monitoring of their internal accounting. Equally important, Simply Accounting 2003 retains a full-time audit trail, ensuring accounting integrity automatically.
New Reporting enhancements
Simply Accounting 2003 allows users to sort and display information based on the user’s preference and easily change report-viewing options without having to close and re-open reports. Date range selection for ad-hoc reporting has also been streamlined with pop-up calendars and drop-down lists. In addition, users can now easily produce reports in HTML format for viewing over the Internet.
New General Journal enhancements
With Simply Accounting 2003, users can now track tax details through the General Journal module. They can also store additional transaction detail and view additional comment fields in each journal entry.
New Payroll enhancements
Small business owners can now define extra payroll hourly rate fields with Simply Accounting 2003. They can also automatically view vacation pay owed and view outstanding balances for employee advances.
New Time-saving features
Simply Accounting 2003 includes many new time-savers such as the ability to assign a revenue account to specific customers for faster data-entry. Users can now also quickly access the MicrosoftÆ WindowsÆ calculator from the Simply Accounting toolbar, easily edit sales tax information in the sales journal and attach user-definable fields to transactions.
Approved by the American Institute of Professional Bookkeepers, ACCPAC
Simply Accounting has long been popular among accountants and small business
owners alike.
“It’s clear that ACCPAC has done their homework with Simply Accounting 2003,” said David Stacey from Graham Mathew & Partners Chartered Accountants. “The product never loses sight of the need to be simple to use, yet it provides one of the slickest departmental accounting setups I have seen. Small businesses are getting huge value, and they won’t miss a step in
terms of getting up and running quickly.”
Pricing and Availability
Simply Accounting 2003 Basic and Pro carry SRPs in the U.S. of $39.99 and $89.99, respectively. Both products are available now directly from ACCPAC by calling 1-800-773-5445 or by visiting, and will also be available at Office Depot, Fry’s, Hastings and other select retailers across the U.S. beginning in January 2003. (full story)