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Tim Mattingly, CEO“Our objective is to provide businesses, regardless of their size and verticals, with a comprehensive software solution that eases their path to financial success,” says Tim Mattingly, CEO of Plus & Minus Software Corp.
The visionary duo laid the foundation for Plus & Minus Software Corp. five decades ago while working at PwC. During a major oil company audit, they conceptualized a groundbreaking accounting software solution that simplified the general ledger functionality to streamline accounting processes. This innovation offered a cost-effective, time-saving alternative to separate subsidiary and master files and their regular integration routines.
“We spent three years making our general ledger system simple, reliable, and dependable. Therefore, it was never necessary to change the design in the past 30 years,” says Mattingly.
Plus & Minus Accounting Software uses a general ledger account, sub-account, date, reference, journal, cross-reference, amount, and description format.
However, the software’s ‘gen-link-sub’ structure facilitates the single-database, single-format solution. These links, with built-in formats, are a bridge to banks, customers, vendors, employees, fixed assets, profit centers, cost centers, funds, and jobs. Journals are also meticulously organized, ranging from 0-99 and grouped by tens. These factors enable the software to record, recall, and report data according to client requests and significantly minimize data loss during connectivity drops.
Plus & Minus Accounting Software’s program storage is lighter and faster, constituting megabytes rather than gigabytes as required by modular systems. Furthermore, the software solution is transaction-based and chronologically records data. These factors negate the need for master file maintenance and manual month-end closing. This further simplifies the system, making Plus & Minus easy to navigate and utilize to solve financial and business decision-making.
Simplifying the accounting system through the design discipline of a single-database, single-format structure eliminates data silos and ensures data integrity and consistency. This discipline also enables users to have a robust and stable system architecture while implementing new software functions.
The software’s innovative design excels in redundancy and serves as a stronghold for data backup, fortifying protection against external cyber threats and potential internal risks.
Plus & Minus Accounting Software’s innovative structure is meticulously crafted upon a robust foundation of PostgreSQL. The solution also harnesses the power of Microsoft C# and Blazor, making it cross-device compatible and operable on Apple, Android, and Microsoft platforms.
Featuring a web-based front-end, it enables users to access the software solution worldwide via an internet-connected web browser. This results in prompt synchronization, real-time updates of all transactions, and immediate analysis.
Plus & Minus Software Corp. offers APIs used by its highly experienced programmers to clients who require the flexibility to access and tailor data for deeper customization. The company also gives users the option of availing of a partnering company’s services to efficiently customize the software.
“We use the same API objects. Plus & Minus users can be assured of their reliability and dependability since they have been tested and used thoroughly,” says Mattingly.
In another fusion of innovation, Plus & Minus Accounting Software leverages artificial intelligence for voice commands to make its solution more user-friendly. This feature seamlessly integrates into the system to invoke APIs and generate reports. It democratizes access to complex financial and operational data, making it accessible to non-accountants.
The inventory management analyzer boosts the solution’s usability for all users, primarily sales and marketing professionals. It generates up to 880 different types of reports that explain the sales and purchase of each product according to various criteria such as customer, item number, and vendor.
Profit and Loss statements are the cornerstone of Plus & Minus Accounting Software’s management information system. It can produce these statements categorized by department, job, fund, product, and location. Users can run financial statements as needed to compare committed costs to project cash-flow needs.
More statements can be accessed under the software’s management information system umbrella, like the purchase, sales, and work-in-progress (WIP) doc writers. To analyze the data and performance, these statements can be emailed to respective customers and vendors.
The transaction-based structure of Plus & Minus Accounting Software, coupled with its precise date-journal reference control, establishes a one-to-one relation with PDF files. The PDF vendor invoices are stored in a magnetic envelope, and users can store, scan, and maintain transaction documents indefinitely. When updated into the ledger, the data can be retrieved using the link numbers associated with each subaccount. This design ensures a 100 per cent success rate when searching for documents, paving the way for a smooth transition to a paperless office and easy auditing.
Plus & Minus Accounting Software offers a comprehensive solution for businesses to handle inter-company, inter-department, and inter-fund operations seamlessly. All customers need perfection and are encouraged to approach Plus & Minus to integrate new features to ease their business processes.
Because of its broad range of capabilities, Plus & Minus Software Corp. ensures constant agile performance by merging each user’s day file into a combined history file. Users can work independently while all transactions are amalgamated into a unified source, enabling comprehensive access to reporting, analytics, and research. The generation of high-level reports and fulfillment of diverse financial requirements constitute the reason behind large conglomerates, publicly traded companies, government agencies, and startups preferring Plus & Minus Accounting Software.
Our objective is to provide businesses, regardless of their size and verticals, with a comprehensive software solution that eases their path to financial success
The strong foundation laid by the company’s visionaries has transformed the software solution into a tool that propels businesses toward financial prosperity. Plus & Minus Software Corp. aims to continue simplifying business operations and be the compass that guides organizations through the intricate landscape of financial management.
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Company
Plus & Minus Software
Management
Tim Mattingly, CEO
Description
Plus & Minus Software Corp. offers Plus & Minus Accounting Software, a single file accounting software that contains functions necessary to manage the financial requirements of a company. It enables users to generate and analyze millions of transactions through various financial functions in a second.
