New Release of Magic Accounting - Accounting in the Cloud

PRLog (Press Release) - Nov 26, 2009 -
Scalable Systems UG (haftungsbeschränkt) - provider of
Enterprise Resource Planning solutions - just released a new version of  "Magic Accounting", a financial accounting system available at http://magic-accounting.appspot.com/ for small and medium-sized enterprises.
The system is provided as "software as a service"  and is a Cloud Computing application.
Components available are Accounts Receivables, Accounts Payable, Bank Accounting, General Ledger.
This new release can cover the Sales Tax/VAT requirements all over the world.
Ships with predefined tax details for european countries. But any other country can be setup within the system.