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AIA

Simple akkOmi tool creates charts from IRIS trial balances

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6th May 2009
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A Droitwich-based software company has created a simple graphical reporting kit to generate comparative charts from IRIS trial balance files. John Stokdyk reports.

Darren Ball, finance director of Industrial CodeBox, the company behind the akkOmi reporting program, said that it grew out of his experiences working with local accountants.

"When we sat in on client meetings, the blank looks on their faces when you talked numbers was overwhelming. When we started doing graphical representations of the statutory accounts, the lead partner could understand the value and asked if it was possible to do that in IRIS. It wasn't, so that's how the product came about," Ball said.

Costing £39.99, akkOmi takes a CSV of a basic, multi-year trial balance from IRIS and creates a simple report pack with charts showing the past three years turnover, a breakdown of cost of sales and profit, plus asset to liabilities ratios, the bank balance and a pie chart showing a breakdown of costs. Version 2 of the program was introduced last month.

"It doesn't try to be clever, because it doesn't need to be. It just follows the main points of a balance sheet and P&L," Ball said. "Our concept was to write a small, low cost product that's dead easy to use."

While IRIS was the initial target program, the company is responding to requests from other firms for versions of akkOmi that will work with VT Accounts, Digita Accounts Pro and Sage Accounts Production.

"We've got a lot of ideas for accountants," said Ball. "These are early days yet and we're looking at what low cost software we can produce that will create the most value for accountants."

While the existing version of akkOmi produces charts from statutory accounts, work is underway on a Sage 50 version that will be more suited to monthly management reports. And having developed such a simple graphing mechanism, the developer has also considered the possibility of deploying it as a web-based service.

A free evaluation version can be downloaded from the akkOmi website. Also available is a companion presentation that shows how the application works.

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