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ProFit Series
Designed by Professionals to Fit Your Business

FAP
Financial Accounting Package/General
Ledger, Write-Up & After-the-Fact Payroll

The Thinking Behind
the Software

FAP Puts you
in Control

  Crosstech Systems designed the ProFit Series with one overriding goal in mind: increasing your profitability. What sets this software apart is its ability to accommodate reality: it's made to work in a real world where business is complex and people aren't Perfect.

All Crosstech ProFit software improves vital areas that affect your firm's profits: Time. Money. And mistakes.

Our Financial Accounting Package is a powerful tool for preparing customized, professional financial statements for your clients' businesses. It frees you from rote, repetitive tasks, and lets you concentrate on being the management advisor your clients want and need.
Designed by your peers, it uses familiar procedures which make set up and processing fast and easy. You'll have more time to spend on functions yielding a higher billable rate, thereby improving your firm's profitability. You'll be able to develop and service more clients, thus increasing your firm's revenue base.

With Crosstech ProFit Series Financial Accounting Package, you have, at your command, the sophisticated, automated capability which is crucial to the success of every accountant's practice today.

FEATURES AND BENEFITS

Like all software in the Crosstech ProFit Series, Our Financial Accounting Package is designed to work in your business environment:

  • Easy to learn and run
  • Exceptionally comprehensive
  • Can flex and grow with your business
  • Handles entry errors before they become problems.
  • STANDARD CROSSTECH ProFit SERIES BENEFITS:

    SCREEN INQUIRY:
    Quick, Easy On-Screen Reference, Unique inquiry screens let you immediately view specific client information.

    FLEXIBLE FINANCIAL STATEMENTS:
    Reports Run the Way You Need Them
    Run any report by a host of parameters, just by choosing different options from the menu. Design your own master formats for specific accounts. Specify upper or lower case letters, line spacings, number of columns, headings, how many totals and subtotals, rounded numbers or pennies, disclaimer messages, and more. Supporting schedules automatically print in same format as statement.

    TRANSACTION CHECKS:
    Virtually Mistake-Proof Entry, The system validates dates and account numbers as they are entered. Special function keys make adding, changing, and deleting transactions fast and easy. When posting disbursements, the system automatically increments the check number.

    SPECIFIC FAP FEATURES INCLUDE:

    MULTIPLE YEAR-END CLOSES:
    Update After the Year Closes
    Close the year and start next year without waiting. You can make final adjusting entries later and re-close the year whenever you're ready.

    NO MONTH END CLOSE:
    Run Reports for Any Month, Any Time
    FAP can read transaction dates and cut off months. So, you can get reports by date for any month, at any time. Also gives you ability to do prior period adjustments.

    BANK RECONCILIATIONS:
    Cash Receipts, Cash Disbursements, Payroll, and Adjustment Journals are included by bank account in the bank reconciliation maintenance, listings, and final report. Allows for mid month bank reconciliations.

    CHECK PRINTING (CHECK WRITER):
    Cash Disbursements Vendor checks can be printed with Vendor name, address, account number. Detailed check stub can print one or multiple lines of payment description (invoice/reference numbers). Generate checks with preprinted or generic MICR encoded check stock (MICR check stock, the company information, bank information and MICR line of the check is generated).

     

    AFTER-THE-FACT PAYROLL, W-2's & 1099's
    Produced Automatically
    Produce W-2's, 1099's and other pertinent data automatically through entries in the cash disbursements journal. Print quarterly and year end laser generated forms. Forms include: W-2, W-3, 940EZ, 941, State Forms for NY, NJ, CT, 1099-Misc,1099-Div, 1099-Int, 1099-R, 1096.

    PARTNERSHIP AND SUB DISTRIBUTIONS:
    Automatic by Percentage
    The system will automatically distribute income or equity among your clients' partners according to each partner's specified percentage.

    REVERSING ENTRIES:
    Reverse Out Next Period Automatically
    Reversing entries, such as accruals for payables and receivables, can be booked for report purposes and will automatically reverse out the following period.

    INVENTORY CALC:
    Report as a Percentage of Sales
    If desired, ending inventory can be shown as a percentage of sales for interim report purposes.

    TAX CALC:
    Report as a Percentage of Net Income Before Taxes
    If desired, ending Tax can be shown as a percentage of Net Income Before Taxes for interim report purposes.

    TRIAL BALANCE INPUT:
    For G/L Clients enter figures directly from worksheet.

    BUDGETED ACCOUNTING:
    By Month or By Year
    Just enter initial budget figures. Use specific monthly amounts or prorate annual budget. Performance against budget and variance analysis reports are available.

    CONSOLIDATIONS:
    Merge Data From Multiple Companies
    You can merge data from multiple companies simultaneously to produce a consolidation.

    DEPARTMENTAL REPORTING:
    Multiple Profit Centers
    System can automatically provide separate income Statements and Schedules for each department as well as a consolidated income statement.

    LOTUS 1-2-3™ , WORD PROCESSING AND TAX INTERFACE:
    Transfer Data
    Data can be exported into other packages for extended applications.

    Tax interface creates a trial balance ASCII file for specific tax programs, it includes the client period ending balances for tax return processing.

    INTERFACING
    Accounts Receivable, Accounts Payable, and Payroll all interface with Crosstech Financial Accounting Package.

    COMPATIBILITY
    FAP is compatible with all existing and future Crosstech ProFit software. Current modules include:

  • Accounts Receivable
  • Accounts Payable
  • Purchase Order
  • Payroll/1099's
  • SalesTrak (Order Entry/Billing/Sales Analysis)
  • Contract Billing
  • Bill of Materials Inventory Control
  • Inventory Control
  • Job Estimating and Tracking System
  • MASTER FILE DESCRIPTIONS
    The FAP/General Ledger Master File stores all information necessary for the processing of the Current year's reports. When entries are made, the information is posted automatically to the proper record in the Master File.

    MAJOR FIELD LENGTH

  • Company Code (alpha numeric) 3
  • Account Number (alpha numeric) 7-20
  • Account Description 40
  • Schedule Code Number (alpha numeric) 3
  • Schedule Description 40
  • Department Code (alpha numeric) 3
  • Department Description 40
  • Category Code (alpha numeric) 3
  • Category Description 40
  • Date (Year 2000 Compliant) (MM/DD/YYYY)
  • Maximum Dollar Amounts $99,999,999,999.99

  • REPORT OPTIONS
    Within each report or listing the following options are available
    (Reports are generated to a printer or the display)

    Report & Report Parameters

    GENERAL LEDGER YTD or MONTHLY

    Starting/Ending month (YTD only)
    Starting/Ending account or all
    Monthly totals (Y/N)
    Summarize (Journal totals) (Y/N) Suppress Zero balance accounts (Y/N)
    Include Reversing Entries (Y/N)
    1 or 2 Column format

    JOURNAL REPORTS

    Individual or all 8 journals
    Starting/Ending month
    Starting/Ending Bank
    Journal reports by department

    BALANCE SHEET

    I or 2 Year Comparative
    Rounded (Y/N)

    INCOME STATEMENTS


    Standard & Comparative MTD or Period and YTD column
    1 or 2 column P/L
    2 or 4 column comparative P/L
    (user defined)
    Percentages (Y/N)
    Rounded (Y/N)

    12 Month Starting/Ending columns & YTD
    Rounded
    Percentages (Y/N)

    DEPARTMENTAL INCOME STATEMENTS

    Standard & Comparative MTD or period and YTD column
    1 or 2 column P/L
    2 or 4 column comparative P/L
    Percentages (Y/N)
    Rounded (Y/N)
    Distribute non-departmentalized (Y/N)
    balances as a % of salary (Y/N)
    One column per year (Y/N)

    BUDGETED INCOME STATEMENTS

    Standard & Comparative YTD, Actual or Prorated
    3 columns-Actual, Budget & Variance
    Percentages (Y/N)
    Rounded (Y/N)
    Departmental YTD, Actual or Prorated
    3 columns-Actual, Budget & Variance
    Starting/Ending Date
    Starting/Ending Department or all
    Percentages (Y/N)
    Rounded (Y/N)
    Distribute non-departmentalized (Y/N)
    Balances as a % of sales (Y/N)

    Report & Report Parameters

    SCHEDULE REPORTS


    Current Comparative Starting/Ending Schedules or all
    & Budgeted Schedules Starting/Ending Date
    1 or 2 column P/LL
    2 or 4 column comparative P/L
    Percentages (Y/N)
    Rounded (Y/N)

    WORKSHEET TRIAL BALANCE

    Blank Paper YTD Month
    Print heading (Y/N)
    Print headers and titles (Y/N)
    Suppress print Zero balance accounts (Y/N)
    Print prior year balances (Y/N)
    Print dividing lines (Y/N)
    Print alternate key code
    Green Worksheet Paper YTD Month
    Level format (posting accounts or schedules)
    Print headers and titles (Y/N)
    Suppress print Zero balance accounts (Y/N)
    Print alternate key code

    YTD TRIAL BALANCE


    Standard & Comparative Level Format (posting accounts or schedules)
    YTD Month
    Suppress print Zero balance accounts (Y/N)
    Journal Transactions Not Posted Code
    Print prior year balances (Y/N)
    Print alternate key code
    Tax Interface Code (Tax Program)
    STATEMENT OF CHANGES
    Standard & Comparative MTD or Period and YTD
    1 or 2 column


    STATEMENT OF RETAINED EARNINGS

    Standard & Comparative MTD or Period and YTD

    CHART OF ACCOUNTS

    Full detail listing
    2 column summarized
    All accounts
    Posting accounts only
    CATEGORY REPORTS Starting/Ending Month

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