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+--- Thread: About computerised Accounting (/thread-about-computerised-accounting)
About computerised Accounting - hammad sheikh - 01-22-2009
salam all.........
hey i wanna ask that what is computerised accounting and what is its scope..one of the institute is offering computerised accounting course....preach tree+advance excel........
- Afzaal Rasheed - 01-22-2009
Computerise Accounting is a performing Double entry or data entery by useing Accounting Software.Accounting software is application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system. It may be developed in-house by the company or organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications. It varies greatly in its complexity and cost.
The introduction of computerized accounting systems provide major advantages such as speed and accuracy of operation, and, perhaps most importantly, the ability to see the real-time state of the companyâs financial position. In my experience I have never seen a business that has upgraded to a computerized accounting system return to paper based accounting systems.
A typical computerized accounting package will offer a number of different facilities. These include
On-screen input and printout of sales invoices
Automatic updating of customer accounts in the sales ledger
Recording of suppliersâ invoices
Automatic updating of suppliers' accounts in the purchases ledger
Recording of bank receipts
Making payments to suppliers and for expenses
Automatic updating of the general ledger
Automatic adjustment of stock records
Integration of a business database with the accounting program
Automatic calculation of payroll and associated entries
Many programs such as MYOB will also allow direct emailing and faxing of accounting documents such as invoices and receipts to people directly from the program
Computerized accounting programs can provide instant reports for management, for example
Aged debtorsâ summary â a summary of customer accounts showing overdue amounts
Trial balance, trading and profit and loss account and balance sheet
Stock valuation
Sales analysis
Budget analysis and variance analysis
GST/VAT returns
Payroll analysis
When using a computerized accounting system the on computer, input screens have been designed for ease of use. The main advantage is that each transaction needs only to be inputed once, unlike a manual double entry system where two or three entries are required.
The computerized ledger system is fully integrated. This means that when a business transaction is inputed on the computer it is recorded in a number of different accounting records at the same time.
The Software you have mentioned will only help you if you have somekind of Accounting knowledge but these software are not made in accordance with the Pakistani business enviorment but althogh they will help to understand the rules of Accounting on computer.
Good luck.
- hammad sheikh - 01-22-2009
thanx for such a long detail