Introducing Club Accounting 3
July 1, 2005 -
ACCOUNTING3 FROM ICLUBcentral MAKES INVESTMENT CLUB ACCOUNTING EASIER THAN
the Market Leader in Investment Club Software, Releases “Club
New Tool for Club Operations
– ICLUBcentral Inc., the market
leader in investment club accounting software and web services, today released
Club Accounting 3 for Windows. This new program provides investment
clubs and investing partnerships with a powerful new tool for handling their club operations, along with
unprecedented ease of use and a long list of innovative new features.
Accounting 3 is the result of our firm’s 16 years of experience
delivering club accounting solutions for investment clubs,” said ICLUBcentral’s
Vice-President of Investing Products, Douglas Gerlach. “With this program, any
individual can manage the records of their club’s investments and member
contributions – without an accounting degree – quickly, easily and accurately.”
Accounting 3 is the result of a
soup-to-nuts rethinking of the tasks a club treasurer undertakes for
tax-compliant management of investment club books;
Club Accounting 3 makes the job simpler than ever.
Accounting 3 features an
easy-to-use interface to help you: understand your club finances; print
reports; share graphs of club performance with club members; and prepare club
taxes in accordance with federal tax law.
Features and Enhancements
Club Accounting 3, club treasurers get all the rich accounting and
support functionality you expect from ICLUBcentral,
with these additional enhancements and features:
Accounting 3 features several
new time-saving Wizards that walk treasurers through common tasks, like
preparing or wrapping up the club’s monthly meeting, and closing the club’s
books for the year.
upon starting the program, treasurers see a comprehensive snapshot of club
holdings and current value.
Automatic Program Updates
time Club Accounting 3 is started,
the program checks to see if updates are available for download. The software’s
built-in auto-updater ensures that users receive the latest patches as tax laws
change or additional features are added to the program.
can balance their books to their bank or brokerage firm statements using the
Reconcile Accounts feature, making sure that no transactions are inadvertently
missed or mis-entered.
Graphic Design and User Interface
Accounting 3’s sharp new
Windows XP theme-based user interface offers a pleasing work environment,
featuring a left navigation bar that provides access to common tasks, icons to
help identify tasks by type and a new menu structure that works the way that
Report, Formats and Mailing Labels
Accounting 3 now export all
reports to Microsoft Word®, Microsoft Excel®, or Adobe Acrobat® Reader format,
for use in e-mailing to club members or creating customized reports. In
addition, the program now provides for the creation of mailing labels for
members, either directly on standard Avery labels or via a mail merge function
with word processing programs.
Automatic Data Audit
transaction is now audited automatically upon entry, ensuring that calculated
values (such as unit values of member shares) are always correct.
Help When and Where You Need It
F1 anywhere in the program to activate context-sensitive help, or just press
the Help button on most screens to deliver help on any feature of the program.
The help file is indexed and searchable, as well. The program ships with a
220-page printed manual, which is also available in PDF format from within the
Accounting 3 now allows clubs
to choose whether or not to reinvest the year’s income and expenses in the
purchase/sale of additional member units with the club.
Accuracy and Portability of Data
Accounting 3’s internal
accounting engine was completely rewritten to reflect current tax code and
partnership accounting guidelines. In addition, data from the program can also
be exported into ICLUBcentral’s Club
Accounting Online Web service, allowing members to view reports and
other information from the club’s private Web site. Only
Club Accounting 3 and Club
Accounting Online allow clubs to choose between desktop and Web
accounting solutions, moving seamlessly from one to another.
Federal and State Tax Filing Support
tax season comes around, Club Accounting 3
helps treasurers prepare year-end tax filings for the IRS and for eight states
with optional tax printer modules. The 2006 Tax Printers will be available in
December 2005 and will integrate fully with
Club Accounting 3.
All the Great Features of Club Accounting 2
accounting using the unit value system
More than a dozen
reports and graphs, including Monthly Valuation Statements and Member Status
Support for recording
expenses on an equally-allocated or weighted basis
Support for entering
member fees and payments, including default values
investment transactions for stocks, funds, bonds and other securities
Ability to import
data from prior versions or Club Accounting Online
and historical stock prices (for clubs with valid Maintenance agreements)
Database of member
Export function to
save data backups for recovery purposes
Delayed price quotes
for any stock
multiple clubs within the program (requires purchase of additional license)
Since 1989, ICLUBcentral has been
the official provider of club accounting software to BetterInvesting’s National
Association of Investors Corp. (NAIC), the leading non-profit organization
devoted to investor education and investment clubs. Today, ICLUBcentral's web-based and desktop Club
Accounting solutions are used by the majority of investment clubs and other
investment partnerships in the United States, making
ICLUBcentral the clear market leader in investment club solutions.
Club Accounting 3 is available
for purchase from BetterInvesting for $169.00 (for BetterInvesting
members) and $219.00 for non-members. Special upgrade pricing is available for
a limited time for users of prior versions of the program.
All purchases include a printed
manual, a one-year Club Accounting maintenance subscription (a $49 value) and a
free one-year subscription to Club Accounting Online (a $49 value, available at
For more information, to download
a demonstration version or to purchase a copy of this powerful new revolution
in investment club accounting, visit http://www.iclub.com/ca3/.
Based in Cambridge, Massachusetts, ICLUBcentral Inc. develops quality tools for investors and investment clubs, including software products, web sites and the market-beating Investor Advisory Service newsletter. For more information on the company, visit http://www.iclubcentral.com.