Open source accounting sees new symbol

13.02.2007

"For example in MYOB you have the chart of account, job and categories, which represent three dimensions. Within SYMBOL you can have as many dimensions as you like. This greatly increases SYMBOL's reporting capabilities," he said.

Other features include vlookup friendly reports across any one selected dimension to produce special purpose financial reporting, account header totals based on a custom query, and the ability to query whole transactions.

"Suppose you want a summary of all transactions that went through bank account number one," Metcalfe said. "You query for bank account number one and then you apply the Whole Transactions function and SYMBOL will find the other side of those transactions. You can then run a profit and loss statement based on all those transactions."

SYMBOL can also produce reports in values either excluding or including GST.

"This may be trivial to many but if you're an organization relying on funding bodies and some want you to report using ex-GST figures and others want you to report with inc-GST figures then SYMBOL can take this in its stride," Metcalfe said.