ManagePLUS Gold™ Supports QuickBooks Classes as Cost Centers and Profit Centers
MADISON, MO., September 1, 2011 - Farmers and ranchers use QuickBooks accounting software because it offers a
lot of power and flexibility, while being easy to use and having wide support
among professionals like CPAs, tax preparers, and extension educators.
QuickBooks even has a feature called "classes" which allows tagging
income and expense as belonging to specific departments or enterprises within
the farm or ranch business--fertilizer for the Corn class, mineral supplement
for the Beef Cow class, and so on. Reports grouped by class help the manager
examine profits in those different parts of his or her business.
But if you set up a "cost center" class called Harvest Services to
track expenses related to a combine and grain trucks, how do you allocate the
total of those expenses to "profit centers" like Corn, Soybeans, and
Wheat? QuickBooks doesn't make it easy, but ManagePLUS Gold does.
ManagePLUS Gold™ 3.0 for QuickBooks is an add-on for the popular QuickBooks
accounting software for Microsoft Windows. This new ManagePLUS version adds a
feature that no other QuickBooks add-on offers: full support for cost
accounting. That means being able to identify classes as cost centers and
profit centers, allocate costs from cost centers to profit centers, and get
class-specific profit and loss reports which separately identify allocated
ManagePLUS Gold 3.0 delivers these cost accounting capabilities with the
- The ability to mark QuickBooks classes as cost centers or profit
- Easy allocation from cost centers to profit centers, via a simple
- Allocations can be by percentages of the available amount, or
based on "management quantities" such acres or bushels of
production, number of beef cows in the herd, labor hours used, or other
measures of production or input use.
- Allocations "cascade" to all affected classes. (If class
A gets partly allocated to class B, B to C, and C to D, then class A will
have contributed to the amount allocated to D.)
- Allocations recalculate instantly, for immediate feedback on the
target classes will be affected.
- Once allocation formulas (percentages, etc.) have been set up, they
can be automatically reused in subsequent accounting periods/years,
- Account balances can be assigned to classes using the same approach. This
means income and expense balances can be split among classes
at the end of an accounting period, without entering any QuickBooks
transactions, and without Journal entries nor any need to understand debits
- A special Profit Analysis report type shows income and expense
amounts assigned directly to a class, as well as allocated amounts, in
separate report sections.
- Lots of "little things" add ease of use and flexibility:
color coding of cost centers and profit centers in windows and on reports,
constantly updated allocation statistics, exporting to Microsoft Excel, and
ManagePLUS Gold is a new advanced-feature version of the existing ManagePLUS
for QuickBooks software product. It adds cost accounting capabilities to the
solid base of features found in ManagePLUS, including support for entering two
quantities in QuickBooks transactions (i.e., weight and number of
livestock sold), quantity math, automatic quantity statistics, per-unit
information (average selling or purchase price per bushel/pound/ton/head,
etc.), unit-of-measure labeling on reports, and many others.
The goal of ManagePLUS and ManagePLUS Gold is to provide as much management
information as possible, with the least effort, wherever classes are used in
QuickBooks transactions. ManagePLUS Gold is a valuable addition in any business
that uses the Classes feature of QuickBooks.
$229 (US) per single-user license.
$129 (US) per single-user
* Reduced-price upgrades are available to current
|Supported QuickBooks versions:
U.S. Pro or Premier editions of QuickBooks 2003 and
later, and QuickBooks Enterprise Solutions 3.0 or higher.|
UK QuickBooks 2004 or later.
Canadian QuickBooks 2004 or later.
||Microsoft Windows XP or later.|
15 mb. hard drive space.
Any computer which can run the above QuickBooks
versions can run ManagePLUS.
|Free trial version:
||An unrestricted 30-day free trial
version can be downloaded from: http://www.goflagship.com/dnloads/mpdownld.htm
or can be purchased on CD for a nominal fee.|
| Web page:
|Documentation and support
||A complete Help system installs
with the software.|
Printable manual available for free download.
Web-based articles and videos.
User support is by email, and Web-based user forums.
About the company:
Flagship Technologies, Inc. is a developer of QuickBooks add-on and enhancement
software, as well as a publisher of books and training materials for QuickBooks,
including The QuickBooks Farm Accounting Cookbook™, a 370-page guide for using
QuickBooks in agriculture. The company has been in business
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14976 Monroe Road 1039
Madison, Missouri 65263