CYMA (software)

Last updated

CYMA is the name of a series of accounting software packages. [1] [2]

Contents

History

CYMA Systems' earliest software, introduced in 1980, [3] [4] was DOS-based; [5] as of 2021 most packages require either "Windows 7 or higher,", [6] Unix or Linux. Current offerings are for general accounting (payroll, accounts payable accounts receivable, General Ledger, Inventory Control), [7] or more focused packages which specialize by industry, such as Medical Practice Management or Construction Job Cost Accounting. [8] Their CYMA HR package debuted in 2009. [9] They've also repackaged some programs for non-profits. [10] [11]

The company is based in Tempe, Arizona, [12] and via various software modules "provides third-party integrations, such as: time-tracking software, backup services, direct deposit services" and "can also import common financial file types, print checks, manage electronic payments, and prepare bank deposits." [13]

Controversy

The private company's president was charged by the U.S. Securities and Exchange Commission as having "ordered a subordinate to lie to auditors about whether CYMA had actually placed a large order" with another company "said to have falsified its books from 1993 to 1997." [14]

Related Research Articles

Business is the practice of making one's living or making money by producing or buying and selling products. It is also "any activity or enterprise entered into for profit."

<span class="mw-page-title-main">Management accounting</span> Field of business administration, part of the internal accounting system of a company

In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance of their control functions.

Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and assets from one firm to another. The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. The concept, which The Economist says has "made its presence felt since the time of the Second World War", often involves the contracting out of a business process, operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support.

<span class="mw-page-title-main">Service economy</span> Economy mainly driven by sales of services

Service economy can refer to one or both of two recent economic developments:

<span class="mw-page-title-main">Accounting information system</span> System of collecting, storing and processing financial and accounting data

An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. Accounting information systems are designed to support all accounting functions and activities including auditing, financial accounting porting, -managerial/ management accounting and tax. The most widely adopted accounting information systems are auditing and financial reporting modules.

QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

Capita plc, commonly known as Capita, is an international business process outsourcing and professional services company headquartered in London.

<span class="mw-page-title-main">Revenue recognition</span>

The revenue recognition principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned, no matter when cash is received. In cash accounting—in contrast—revenues are recognized when cash is received no matter when goods or services are sold.

Field service management (FSM) refers to the management of a company's resources employed at or en route to the property of clients, rather than on company property. Examples include locating vehicles, managing worker activity, scheduling and dispatching work, ensuring driver safety, and integrating the management of such activities with inventory, billing, accounting and other back-office systems. FSM most commonly refers to companies who need to manage installation, service, or repairs of systems or equipment. It can also refer to software and cloud-based platforms that aid in field service management.

Oracle Applications comprise the applications software or business software of the Oracle Corporation both in the cloud and on-premises. The term refers to the non-database and non-middleware parts. The suite of applications includes enterprise resource planning, enterprise performance management, supply chain & manufacturing, human capital management, and advertising and customer experience.

A financial bureau is an accounting business whose main focus is the preparation of finance for other businesses. In the USA such firms are often run by Certified Public Accountants, though a typical financial processing company will refer to itself as a bureau rather than a CPA firm, to distinguish its finance from the general tax and accounting that are generally not offered by a financial bureau. The typical client of a bureau is a small business - one just large enough for finance to be complicated to the point of a hassle, but one still small enough to not merit its own full-time finance department.

Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices.

<span class="mw-page-title-main">Washington School Information Processing Cooperative</span> Public non-profit cooperative

The Washington School Information Processing Cooperative (WSIPC) is a public non-profit cooperative that provides K-12 public and private schools with various services. WSIPC services schools throughout the northwest in Washington, Oregon, Idaho, Montana, and Alaska, providing benefits to 9 Educational Service Districts and more than 300 school districts, who represent over 1 million students.

<span class="mw-page-title-main">Accounting software</span> Computer program that maintains account books

Accounting software is a computer program that maintains account books on computers, including recording transactions and account balances. It may depends on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and prepare financial reporting. Work to have accounting functions be implemented on computers goes back to the earliest days of electronic data processing. Over time, accounting software has revolutionized from supporting basic accounting operations to performing real-time accounting and supporting financial processing and reporting. Cloud accounting software was first introduced in 2011, and it allowed the performance of all accounting functions through the internet.

<span class="mw-page-title-main">NetSuite</span> Technology company

NetSuite Inc. is an American cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses (SMBs) including accounting and financial management, customer relationship management, inventory management, human capital management, payroll, procurement, project management and e-commerce software. NetSuite was founded in 1998 with headquarters in Austin, Texas. The company is widely seen as the first cloud computing software company, with its founding pre-dating that of Salesforce.com by about a month. Oracle Corporation acquired NetSuite for approximately US$9.3 billion in November 2016. The Oracle NetSuite Global Business Unit is managed by Executive Vice President Evan Goldberg as "Oracle’s Cloud ERP for Small and Mid-sized Enterprises with the ability to scale to Fortune 500 firms."

<span class="mw-page-title-main">Bank</span> Financial institution which accepts deposits

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

F9 is a financial reporting software application that dynamically links general ledger data to Microsoft Excel through the use of financial cell-based formulas, wizards, and analysis tools to create spreadsheet reports that can be calculated, filtered, and drilled upon. The F9 software is developed, marketed, and support by an organization also called F9, a division of Infor Global Solutions (Canada) Ltd. which is headquartered in Vancouver, British Columbia.

Human Resource (HR) metrics are measurements used to determine the value and effectiveness of HR initiatives, typically including such areas as turnover, training, return on human capital, costs of labor, and expenses per employee.

Aplos Software is a privately held company that specializes in software as a service for nonprofit organizations. Their primary focus is simple software to manage the essential nonprofit tasks of fund accounting, nonprofit tax preparation and donor management for small, mid-sized, and large non-profit organizations.

A human resources management system (HRMS) or Human Resources Information System (HRIS) or Human Capital Management (HCM) is a form of Human Resources (HR) software that combines a number of systems and processes to ensure the easy management of human resources, business processes and data. Human resources software is used by businesses to combine a number of necessary HR functions, such as storing employee data, managing payroll, recruitment, benefits administration, time and attendance, employee performance management, and tracking competency and training records.

References

  1. "Getting Paid Is Only the Start". Accounting Today . May 27, 2016. Integrated accounting systems such as those from CYMA Systems
  2. "TaxWorks Now Includes CYMA's RedGear Accounting Software". Accounting Today . August 11, 2010. provides CYMA with an outstanding opportunity to ...
  3. "CYMA Systems, Inc". CPA Practice Advisor . September 5, 2014. since 1980
  4. "CYMA Accounting Software Celebrates 30th Anniversary". January 8, 2010.
  5. "CYMA bridge". InfoWorld . April 21, 1986. p. 10. Cyma/McGraw-Hill will bundle Paperback Software's VP-Planner spreadsheet with its new $295 Cyma Bridge, which converts data from Cyma's accounting software
  6. "CYMA Financial Management System". Accounting Software World. Retrieved March 14, 2021.
  7. "Top 100 Products". Accounting Today . December 15, 2008. Cyma IV Financial Management System
  8. "CYMA Job Cost Accounting". October 18, 2011.
  9. "Crunching people: CYMA HR". Accounting Today . December 14, 2009.
  10. Ronald A. Landskroner (2002). The Nonprofit Manager's Resource Directory.
  11. "CYMA Not-For-Profit Accounting in 2021". Predictive Analytics Today.
  12. "CYMA Systems".
  13. "CYMA Review". Finances Online. Retrieved March 15, 2021.
  14. Floyd Norris (September 29, 1999). "S.E.C. Charges 68 Companies and Individuals With Accounting Fraud". The New York Times .