YEAR 2000 COMPLIANCY

As the new millenium draws near, the issue of hardware/software failure becomes critical. The inability to discern the year 00 (2000) from the year 00 (1900) may affect numerous programs and systems. All PowerBudget products meet or exceed minimum compliancy standards for the Year 2000, aka Y2K. PowerBudget secures all archived and active data within Budget Years, (97-98, 98-99, 99-00, 00-01, etc) that are NOT date dependent. This also allows the use of crossover dates for different budgets, ie, the same date can used in 2 or more budget years. For software utilizing this type of data storage, there are 3 types of Y2K compliance:
TYPE I- The end-user simply continues doing data entry as before, entering 2 digits (00 in the case of 2000) for the year. In order to insure the end-user of the accuracy of the date: Some software will display the 4 digit year when the user is editing previously entered data, Some software will print the 4 digit year when the user is printing reports. PowerBudget v6.0 follows the complete TYPE I model.
TYPE II- The end-user changes from entering 2 digit year to entering a 4 digit year (2000 in the case of 2000). The potential for error increases with TYPE II due to long-ingrained habit of entering only 2 digits. TYPE II is NOT USED by PowerBudget.
TYPE III- This type maintains the convenience of entering 2 digit years. However, for PowerBudget users who maintain fiscal year from July 1, 1999 to June 30, 2000: there is a temporary date range 01/01/00 through 12/31/99 that must be used when printing reports that have transactions dated between 07/01/99 and 6/30/00 This TEMPORARY workaround is not necessary for Budget Year 00-01, ONLY for Budget Year 99-00. PowerBudget Lite and PowerBudget v2.0 follow the TYPE III model.
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