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Micro Information Products Adds Fixed Assets Management Module to Its Nonprofit Series Accounting Software.

AUSTIN, Texas--(BUSINESS WIRE)--June 21, 1999--

Micro Information Products (MIP), maker of fund accounting software for nonprofit organizations, today announced the availability of the Fixed Assets module for its NonProfit Series(R) for Windows(R) (NPS). The software, which integrates with the NPS General Ledger and Accounts Payable modules, handles the logging and tracking, depreciation and disposal of fixed assets. With the delivery of this module, MIP is able to offer equivalent product portfolios for both DOS and Windows users.

"The NPS Fixed Assets was completely developed in a native Windows environment, and offers users Windows' speed and ease-of-use. Like our Fixed Assets module for the DOS environment, the NPS Fixed Assets software performs IRS-compliant depreciation calculations; however, the Windows environment allowed us to add pre-posting reporting and the ability to choose when to post depreciation to the General Ledger," said Kent Hollrah, MIP's CEO.

The NPS Fixed Assets module is a flexible, Y2K-compliant application incorporating the standard Microsoft user interface conventions. Its database structure provides a robust environment for maintaining asset information and reviewing details through pre-programmed or ad hoc reports. Users who choose to post summary information retain the detailed asset information in database format. Transactions are posted to the General Ledger in batches or online, offering users control over records and ensuring that all records are current.

The new Fixed Assets software allows users to perform the following functions:

-- Log detailed information about assets, including asset tag number, asset category, purchase information including purchase order number, taxation status, warranty information and maintenance schedule;

-- Enter new asset information, via the quick asset entry feature, directly from either the General Ledger cash disbursement screen or the Accounts Payable invoice entry screen;

-- Assign each asset up to four designation codes for tracking, reporting, and inclusion in group or category depreciation calculations;

-- Automatically calculate the optimal depreciation at desired frequency on a single asset or category of assets using standard IRS or custom methods; the software automatically selects the higher of accelerated or straight line depreciation calculation;

-- Print a pre-transfer report to review depreciation values before posting to the General Ledger;

-- Manually adjust historical period depreciation amounts;

-- Post depreciation of specific assets or groups of assets, as detail or summary information to the General Ledger; the system automatically stores each calculation under a traceable identification number, providing a complete transaction audit trail;

-- Dispose or retire an asset from the General Ledger; users can perform a full or partial disposal of an asset or group of assets.

"With the completion of the Fixed Assets module, MIP is able to offer the same suite of functionality to its NonProfit Series users as exists in its Fund Accounting for DOS line," Hollrah noted. The complete NPS product suite now includes General Ledger, Accounts Payable, Accounts Receivable Reporting, Accounts Receivable Billing, Allocations Management, Bank Reconciliation, Budget, Encumbrances, Fixed Assets, Payroll and Purchase Orders.

MIP will demonstrate this application, as well as its other products, at its 1999 User Conferences, scheduled to be held August 18-20 in Seattle and September 22-24 in New York City. The meetings will also feature nonprofit industry experts discussing Y2K conversions, Internet implementations, grantwriting, audit preparation and strategic planning for the new millennium.

System Requirements

System performance varies based on the number of users and records. To achieve best performance, MIP recommends hardware with 200 MHz Pentium class processor; 64 MB or more RAM; 500 MB or more free disk space; a monitor/video card capable of 1024 x 768 display resolution; a laser printer with multiple trays; and a CD ROM drive.

Pricing and Distribution

MIP's Fixed Assets module is priced individually at $1995. For multi user pricing, please call MIP at (800) 647-3863. As with the rest of the NPS series, users can select the modules they need and add modules as required. The new modules are available directly from MIP or through authorized service providers.

MIP's Service and Guarantee

MIP offers training by telephone plus onsite courses and regional training from authorized service providers. MIP offers a 90-day money-back guarantee for all its software, and guarantees first level support response within two working hours. Both MIP and its Authorized service providers will support the new module.

About MIP

Founded in 1982, MIP is one of the largest providers of fund accounting systems for nonprofit organizations and government agencies. The MIP NonProfit Series for Windows and the MIP Fund Accounting for DOS packages are used by more than 4,000 customers worldwide. Customers include the American Lung Association, the American Red Cross, Easter Seals, Goodwill Industries, the Salvation Army and the United Way. MIP's Web site is located at http://www.mip.com.

Resellers and prospective service providers may contact David Dickens, MIP, at (800) 647-3863 or davidd@mip.com for additional information.

NonProfit Series is a registered trademark of Micro Information Products. Other brand and product names are registered trademarks or trademarks of their respective holders.

Editor's Note: Screen shots are available in 'jpeg' format at www.businesswire.com by searching on the keyword "Micro Information Products," and in other electronic formats from Jacki Katzman, Rogers Communications, jkatzman@rogerscom.com or (781) 224-1100.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 21, 1999
Words:856
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