INTERAC Public Accounting System by Intersoft Systems

The INTERAC Client Accounting suite is much more than just an accounting system. It is a tightly integrated, flexible, user friendly suite of accounting and management applications which will enable your team to become even more productive and responsive to your clients.

INTERAC Public Accounting System Offers:

Client Accounting

The INTERAC core accounting applications are easily tailored to accommodate the needs of a variety of businesses.

• Multi-company / Multi-division configuration
• Consolidated and comparative financial reporting
• Payroll supports all states, departmental reporting, unions
• Integrated Import/Export utility for sharing data with client accounting systems

Integrated Reporting

INTERAC features integrated report writing tools and each of the core applications comes with a set of report templates, which makes getting the management information you need from the system easy. Report Manager can provide clients with their own customized list of reports in a simple point and click interface, eliminating the need for them to call every time they need an updated report.

Payroll & Human Resources Manager

INTERAC Payroll is a robust application with the flexibility to accommodate a wide variety of client needs. It includes:

• Electronic tax filing
• Direct deposit (to multiple bank accounts)
• Payroll supports multi-state, union, prevailing wage (certified)
• User defined deduction and other pay categories

Human Resources Manager is an excellent tool for those who respond to client inquiries, making it very quick and easy to get to the wealth of information in the payroll system. It may also be used to provide clients with the same easy access to their employee information.

Accounts Payable

• Fast and efficient processing of invoices
• Integrated electronic approval system
• Information flows seamlessly to General Ledger
• Vendor account management
• Integrated reporting
• Easily import and export data

Accounts Receivable

• Fast and efficient processing of receipts
• Auto entry and recurring entry features
• Information flows through seamlessly to General Ledger
• Customer account management Integrated reporting
• Easily import and export data

Bank Reconciliation & Cash Manager

• Quickly and easily reconcile bank accounts
• Single screen summary of cash accounts
• Instant aging reports for both AP and AR
• Integrated reporting
• One click data export
• Interfaces with GL, AP and Payroll

Client Accounting

• Complete general ledger & after the fact payroll solution
• Flexibility to accommodate a wide variety of clients
• Integrated financial reporting tools
• Accommodates consolidated and divisional reporting
• Complete laser forms filing for W2, 1099, 940, 941, 943
• Electronic filing for W2 and 1099
• Maintains a complete audit trail

Document Management System

• Makes documentation readily available to the entire team
• Eliminates the problem of lost and misplaced documents
• Automatically generate and save copies of checks, W2ýs and 1099ýs
• Add notes, markups, and stamps to documents Save time and space with the DMS archive
• Tightly integrated with the entire suite of INTERAC applications
• Print any document from INTERAC applications directly to DMS

Fixed Asset Management

• Complete fixed asset depreciation system
• Separate Federal, State, & Book calculations
• Always kept up to date with current tax laws
• Easily compare various depreciation methods

Payroll & HR Manager

• Comprehensive payroll system with the flexibility to accommodate a diverse clientele
• Easily import time from time clock, POS, or spreadsheet templates
• Integrates with Time Tracker and Job Tracker for remote time entry
• Includes Certified Payroll processing
• Union dues, benefit accrual and reporting
• Multi-state processing for all 50 states, including reciprocity
• User defined earning and deduction options
• Electronic filing for W2 and 1099
• Extensive integrated reporting tools
• Positive pay option eliminates check fraud

HR Manager

• A real time saving tool for those who handle employee inquiries
• Instant access to the wealth of employee data from Payroll
• Drill down to transaction level detail and associated documents Online employee file
• One click reporting and access to payroll reports

Report Manager

• Instant access to the powerful INTERAC integrated reporting tools.
• A great tool for managers to access real-time data without needing to learn how to use the rest of the accounting system.
• Security settings control which application and specific reports are made available to each user
• Each user has immediate access to their own customized set of reports

Time & Billing With Time Manager & Bill Manager

• Comprehensive time and billing solution for professional services firms
• Accommodates multiple offices
• User defined service codes and categories to categorize billings
• Multiple billing rates for each employee
• Interfaces with Accounts Receivable
• Easily import and export data
• Integrated reporting tools in each application

Time Manager

• Provides each employee with a streamlined time and expense entry option
• Submits employee time and expenses to the main Time and Billing system for processing

Bill Manager

• Allows each employee to manage their own billing
• Provides individualized WIP and billing reports
• Submits billing information to the main Time and Billing server for processing

Time Tracker (Remote Payroll Data Entry & Reporting)

• An efficient, easy way to collect and report employee time for processing in the INTERAC Payroll system.
• Simple data entry options for timekeepers and remote office personnel to collect and report employee time
• No need to fax handwritten time cards, call in daily time, or pay overnight charges to get Payroll data to the accounting department
• Provides reporting information which can be used to monitor labor costs