|
System |
NV1 |
NV2 |
Description |
Platform |
DOS |
Windows, soon Linux,
MAC OSX |
NV2
is platform independent. |
| Multi-User |
No |
Yes |
Two
or more users can access the same books / database at the same
time. |
Users |
1 |
No
limit |
When
running NV2 Server, no limit to the number of users that can
access a database at the same time. |
Real-time |
Yes |
Yes |
All
data is updated in real-time, in single-user, multi-user or
operating across the Internet. |
File
size |
500
Mb |
Size
of disk |
The
database file size has no limit. For backup convenience we
divide database files into 512Mb segments. |
File
system |
Proprietary |
Proprietary |
New
technology object file system. |
Database |
Proprietary |
Proprietary |
New
object database technology. |
Language |
Assembler |
C++ |
NV2
developed using C++ and Open Source tools. |
Windows
Registry |
No |
No |
NV2 does not modify your Windows registry, no restart is required after install / uninstall, no need to shut down all programs before install / uninstall . |
Macro/Scripting
language |
NPL |
Tcl/Tk |
Widely
used open-source development environment. |
User
programmable |
Yes |
Yes |
NV2
can be scripted, automated and extended using Tcl. |
Internet
enabled |
No |
Yes |
NV2
is designed to run on the Internet. Workstations and Servers
communicate across the internet. NV2 operates the same on a
LAN, WAN, and the Internet. |
Accounting |
NV1 |
NV2 |
Description |
Journals |
Partial |
Yes |
NV1
used accounts as journals. NV2 has full-fledged journals. |
| Trial Balance | No | Yes | Full trial balance with proper representation of periodic, perpetual, and opening balances on one report. |
| Traditional Balance Sheet | No | Yes | Displays Prior Period Earnings, Current Period Earnings, and Closing Retained Earnings (closing entries not required). |
Inventory |
No |
Yes |
NV2
has inventory accounts as a separate type, complete with quantities. |
Costing |
No |
Yes |
NV2
has automatic costing when sales accounts are linked to inventory
accounts. |
Order
entry |
No |
Yes |
NV2
has Order Entry for purchase and sales built-in. |
Payroll |
Yes |
Yes |
Where
NV1 payroll was clunky and cryptic, NV2 payroll is clean, streamlined
and just as flexible. |
Budgets |
Partial |
Full |
Budget
entries are now standard double entry transactions, like financial
transactions. Spreadsheet style entry supported. Multiple budgets
e.g. best case scenario, most likely scenario, worst-case scenario.
Budgets are now audited. |
Tags/Partitioning
(e.g. branches, funds) |
No |
Yes |
Tags
may be used to "partition" books, e.g. financial
transactions, budget transactions, quotes, orders, departments, etc. |
Quantity
field |
No |
Yes |
Quantity
is a separate field for each posting and has a running balance. |
Number
of reports |
No
limit |
No
limit |
Create
as many reports or sub reports as required. |
Number
of accounts |
No
limit |
No
limit |
Create
as many accounts of any type as required. |
Postings
per ledger |
< 64,000 |
No
limit |
Post
as many transactions to accounts as required. |
Fixed
year end |
Yes |
No |
No
restriction on future dated transactions, full range reporting
for any period. |
General |
NV1 |
NV2 |
Description |
Account
types |
1 |
9 |
In
addition to the original General account, NV2 has dedicated
types for; AP, AR, Bank, Expense, Inventory, Sales, Payroll,
and Total |
Account
attributes |
2 |
4 |
Accounts
can now have 4 attributes; balance, type, representation, and
active / inactive status |
Running
balances |
One |
Multiple |
Running
balances are available for any amount column, including; postings,
quantities. |
Date
display formats |
16 |
22 |
An expanded list of date display formats |
Date
entry format |
1 |
Multiple |
In
addition to the standard DDMMYYYY date entry format, there
are now over a dozen alternate formats. |
Name
field size |
10
characters |
No
limit |
The
name field length is now unlimited. |
Description
field |
30
characters |
No
limit |
The
description field length is now unlimited. |
Reference
field size |
7
characters |
No
limit |
The
transaction reference field length is now unlimited. |
Reconcile
field size |
7
characters |
No
limit |
The
transaction reconcile field length is now unlimited. |
Largest
posting amount |
10
billion |
100
billion |
The
largest dollar amount per posting has been increased to 100
billion. |
Largest
account balance |
1
trillion |
8 million
trillion |
The
largest dollar amount per running balance has been increased
to 8 million trillion. |
Amount
field |
Static |
Built-in
calculator |
Every
number field in the system can interpret a numeric expression
e.g. you can enter 112.70 or 98*1.15 |
Analysis
columns |
6 |
Up
to 366 |
From
1 to 366 columns per report, a full year on a daily basis. |
Analysis
resolution |
Monthly
or greater |
Daily
or greater |
Resolution
can be set to; day, week, two week, four week, month, year,
or custom ranges for a non-standard calendar. |
Total
to columns |
2 |
4 |
The
number of "Total to" Columns has been increased to
4. |
Books
open at one time |
1 |
No
limit |
Keep
multiple books / databases open at the same time, limited only
by memory. |
Simultaneous
server access |
No |
Yes |
A
workstation can connect to multiple servers at the same time. |
Security |
3
levels |
No
limit |
NV2
user access can be customized and has individual user options. |
Audit
Trail |
Partial |
Full |
The
audit trail is inside the books / database and fully secured.
All items added, changed or deleted are in the audit trail.
Who, what, when and where. |
Help
system |
Basic
text |
HTML |
Full
HTML based help files, hyperlinked, indexed, and searchable. |
MS
Office integration |
No |
Yes |
Export
to Excel and Word. Import from Excel. |
User
interface |
NV1 |
NV2 |
Description |
Document
levels |
4 |
4 |
Same
levels as NV1, reports, accounts, transactions, and distributions. |
Windows |
2 |
No
limit |
Display
and work in as many windows as desired on the same books /
database. |
Column
positions |
Fixed |
Movable |
Size
and position any window column as desired. |
Menu
styles |
1 |
2 |
Standard
Microsoft window style menu and the new NV2 custom, shortcut,
re-sizable, persistent menu. |
Persistent
Menus |
No |
Yes |
Standard
Microsoft style menus are always collapsed, our new NV2 style
shortcut menus remember the last command you selected and stay
expanded on that selection. |
Ledger
columns |
7 |
> 8 |
Account
ledger windows may now display additional columns, e.g. journal,
quantity, cross-account description |
Activate
report cells and see postings |
No |
Yes |
Any
report cell when activated / selected, will display in a detail
window all the postings that add up to the value of the cell.
e.g. When moving across a monthly report, the detail postings
window will display only the transactions for the selected
month. |
Activate
history cells and see postings |
No |
Yes |
Any
history cell when activated / selected, will display in a detail
window all the postings that add up to the value of the cell.
e.g. When moving across a history table, the detail postings
window will display only the transactions for the selected
cell. |
Account
views |
12 |
> 14 |
In
addition to the basic views, data can now be sorted by reverse
date, description, quantities only, amount only, a date range,
and tags. |
Total
accounts display postings |
No |
Yes |
Total accounts display all the transactions from all the accounts that total to it. |
History
View |
24
month plus 8 years |
Full
resolution |
All
your previous history is now back with full resolution, view
your 10 year old data by day, week, two week, four week, month,
three month or year. |
Custom
view of the books |
No |
Yes |
Each
user has their own custom and private view of the books / database. |