The following are typical questions we often hear from new customers before they decide to subscribe to eTEK Online:
- Can we produce profit & loss (operating statements) and balance sheets for multiple divisions and departments comprising our organization? Yes. In fact, our program (assuming your chart of accounts is logically based on GAAP standards) will "roll-up" complete sets of financial statements so accounts all tie together the way they should.
- Does your system allow us to setup our own chart of accounts and project management/job cost structure? Yes. As is described on our web site, our systems use a 4-segment GL account number, and 4-segment job cost number structure, that insures at the detailed level of all source transactions, that revenues and expenses tie together between the GL and Project Management/Job Cost modules. Our customers confirm eTEK job cost features & capabilities are much better than found in QuickBooks Online.
- Are detailed audit trails provided? Yes, in fact, eTEK provides that for all types of transactions, regardless of source? Our system provides a broad range of detailed audit trails and drill-down capabilities so that our auditors and senior management can be assured there is proper and complete documentation built-in to support all financial balances and reports. The system also includes an extensive error tracking and system usage log, by user.
- Does your job cost/project management program provide complete work-in-progress profitability reporting that can optionally include management's periodic "estimates-to-complete" forecasts? While some organizations may not need to use our "estimate-to-complete" feature, those who do, are much less likely to be "surprised" by bottom-line performance for larger projects/jobs. The system automatically adds such estimates (if used) to actual-to-date committed costs, and compares to total project contract.
- Does your system provide full A.I.A. billing? And what about Payroll? And what about role-based user security? A.I.A. billing in built-in and our software is designed to easily interface with your current Payroll provider or other payroll systems as desired. Role-based security is set by user and tailored to allow no more or less access than approved by your system administrator.
- Can we set up and use predefined bill rate schedules to bill for time and materials work using various markup techniques (and even non-billable) factors; including the ability to customize each customer's invoice line item descriptions? Yes. We have been told we may have the most flexible T&M billing capability in the industry. Our program also allows equipment to be expensed against work with bill rates set independent of equipment costs.
- Are there any limits on the number of records we can maintain for our customers, vendors and/or employees? No. The only practical limitations would be overall physical database size; in extraordinary cases, we can upgrade your system to the largest SQL Server databases provided for general business use in the U.S..
- How hard is it to integrate your system with some of our existing in-house programs and applications? eTEK is one of the nation's leading providers of "open source" accounting & business management software applications. By definition, this translates into flexibility to integrate with almost any other application so long as the data inside that pplication can be defined/exposed.
What About AI - Does eTEK Online allow use of Microsoft's Copilot. If you have a subscription with Microsoft for Copilot, you can easily use that new AI tool with our software.
Bottom-line: Does your business use Microsoft Office 365? eTEK's core software was the very first accounting software to earn Microsoft's coveted Microsoft Office compatibility certification! That means our software is specifically designed to be truly easy to use. That makes a huge difference in adding to the productivity of your office.