NEW REPORTS HIGHLIGHT LATEST RELEASE OF PRACTICE ADVANTAGE

ATLANTA, December 15 -- Prentice Hall Professional Software today began
shipping version 2.02 of Practice Advantage, the company's comprehensive
time and billing software. This enhancement substantially expands the
reporting capabilities of the product, with 16 new management and other
reports. The new version further positions Practice Advantage as an
emerging leader in CPA time and billing.

"Practice Advantage version 2.02 illustrates our commitment to continued
product improvement by remaining keenly aware of our customers' needs and
the requirements of the CPA marketplace," said Edwin "Dee" Goodnight,
president. "Prentice Hall continues to provide the best value available in
a feature-rich time and billing system."

Report aids quality review process

Chief among the new reports is the Quality Review Analysis, a report that
provides information designed to help meet the requirements for quality
review. The report aids in the process of determining which services
and/or clients to examine in a peer and/or quality review. It also allows
accountants to make sure the proper staff is doing the work. Other reports
included with version 2.02 include:

* Billed Service History shows how much the firm has billed a client for
the same service in prior years, a useful tool for preparing current
bills.

* Staff Profitability indicates the relative profitability of each staff
person based on cost compared to billings, making it useful for staff
evaluations.

* Non-billable Analysis by Service monitors non-billable time on a
service-by-service basis.

* Client Analysis by Service and Staff analyzes by client the services
provided and which staff are providing the services.

* Client Rate Realization analyzes the effective billing rate compared to
the average standard and cost rate for the items billed.

* Non-billable Analysis by Client monitors non-billable time for each
client.

* WIP and non-WIP Realization History monitors trends in billings,
write-ups/downs and production for each client.

* AR Realization History monitors trends in billings, finance charges,
collections and adjustments for each client.

* Multi-Year Billing and Collection Comparison compares billing amounts to
collection amounts on a month-by-month basis over a number of years.

* Finance Charge Analysis analyzes billing, collection and adjustment of
finance charges.

* Staff Hours by Period shows the number of billable, non-billable and
total hours for each staff person on a period-by-period basis.

* Security List contains setup information for each staff member.

* Letter Format List contains information from Practice Advantage's letter
format master file.

* Letters allow accountants to maintain any written correspondence with
their clients or prospects, such as accounts receivable information or
marketing materials.

* File Labels help accountants set up client files, including client name
and ID information.

System Requirements

Practice Advantage is priced from $595, with network upgrades beginning at
$295 to accommodate more simultaneous users on a local area network. The
system requires 525K of free RAM, DOS 3.1 or higher, and an 80286 based PC
The program runs on IBM and 100% IBM-compatible computers. A color
monitor, DOS 5.0, and an 80386 or 80486 based PC are recommended.

Prentice Hall Professional Software is an industry leader in professional
accounting, tax, and real estate management software, serving more than
10,000 customers. The company is a member of the Software and Information
Services Division of Paramount Publishing's Business, Technical and
Professional Group. Paramount Publishing, the publishing operation of
Paramount Communications Inc., is engaged in educational, professional and
consumer publishing worldwide. Prentice Hall Professional Software can be
contacted at P.O. Box 723597, 2400 Lake Park Drive, Atlanta, GA 31139 or
by telephone at (800) 241-3306, or in Atlanta at (404) 432-1996

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