15 Nov Work-Arounds for Limitations
Work Around for Limitations
Automatic reversing entries
· For versions 2002 and prior – Use memorized transaction feature
· For Premier versions 2003 and higher – An automatic reversing option has been added.
Automatic percentage allocation of expenditures
· Use splits manually on the appropriate transactions in a register or on a check.
Close Net Income into any account other than “Retained Earnings”
· It is possible to change the name of the account from “Retained Earnings” but not the function, for any other closing account, a manual journal entry will be required.
Departmentalized Balance Sheets
· Use Excel interface available with Pro or higher
· Use an add-on product
Inventory valuation other than average cost
· Use adjust quantity/value feature
Extensive modifications to the report presentation
· Use Excel interface available with Pro or higher
· Use an add-on product
Merge of data files
· No work around unless programming experience
· Use an add-on.
Calculate depreciation or amortization
· Use decision tools feature prior to version 2004
· Create spreadsheet in Excel or use another software such as the tax preparation software
· Use the Fixed Asset Manager in Premier Accountant Edition version 2004
Amortize loans or leases for principal and interest
· Create spreadsheet in Excel or other software such as TValue
· Use the Loan Manager in Premier Accountant Edition version 2004