BS/1 Professional is an integrated time billing and accounting system: Accounts Payable, Accounts Receivable, General Ledger, Inventory, Time Billing, and Sales Analysis.Client projects/jobs are tracked by priority and due date. Project leaders may be assigned to jobs and the tasks which make up the jobs may be assigned to general employees.Time is billed against the tasks which make up a job. The hourly rate charged is based on the task type or from an optional custom rate for the task. A stopwatch and time calculator are included.Invoices and checks may be handwritten or computer printed. Taxes are very flexible to facilitate VAT, GST, PST, HST, etc.Multi-currency features facilitate purchasing and billing internationally. Payables and receivables are tracked separately for each currency and the GL automatically converts revenues and expenses to domestic currency. Gain or loss due to exchange rate fluctuations is tracked.User-defined financial statements can be created through a simple set-up process. GL account totals and inventory totals can be viewed on screen with drill-down to original source transactions.Sample data is provided and there is an optional Getting Started wizard to assist with entering initial live data. The wizard sets up common GL accounts which can later be changed, deleted, or added to.