G/L - Journal Entries G/L - Penny Accounting Software

Two-Sided Entries

Record two sided entries & use default allocations or one of your own.
Recurring Journal Entries

Create recurring journal entries and let Penny do the work.
Financial Reports

Full suite of financial reports available at your fingertips.
Intercompany Journal Entries

Maintain the payable/receivable for intercompany entries.
Consolidated Reports

Create consolidations to report multiple funds or accounts together.
Budgeting

Create & track budgets by account, company, and fund

G/L - Journal Entries

Full General Ledger: showing active entries but retaining full change audit trail.
Automated Intercompany: record a payment by one company and automatically expense to another.
Recurring Entries: use templates for a scratch-pad or for automating recurring entries.
Chart of Accounts: user-defined sub-accounts.
Consolidations: combine companies/funds - even companies with different base currencies.
Income Statements: flexible ledger categories.
Budgeting: track by account, company, and fund.

Why is our software called "Penny" ?: Because our founder - a CPA, former hedge fund CFO, and programming guru - was hoping to purchase an accounting package. But none of the existing fund accounting systems could handle balancing complex partnership accounts down to that last penny. So he created one that could.

Is it "I.T. Works" or "it works" ?: Actually, its both. After a 2 week installation, our first customer was running so smoothly he told us we should call the software "it works". We had a name, but happily adopted the sentiment as our tagline. The logo artist thought it was "I.T." - as in information technology - and a pun was born.

How can I find out more?