Computerized Accounting - methods and practices - Use of accounting software

Complete financial accounting course or tutorial covers a wide range of topics. And 'being evaluated as computers have affected the traditional accounting methods and practices.
Financial accounting with double entry accounting
Principles of Accounting
Basic Book of Accounting - Journal
Accounting Ledger
Magazines - Sub Cook Cash accounting
Check Accounting Books
Audit of Balance
Bank transactions Bank Reconciliation
Depreciation
Correction of accounting errors
Balance Sheet and Income Statement
Single accounting entry accounting system
Non Profit Organization Accounting
Capital and revenue
Reserves and provisions


In a very short period of time, the computer has grown from a scientific curiosity to an indispensable tool of modern society. There is almost no activity scientific / technical or business that is not in one way or another, affected by modern techniques of data processing.

The human mind can only handle a limited number of things at once. The digital computer, however, can be programmed to compare, measure, calculate and evaluate thousands of readings in an extremely short period of time.

The computer industry has become the fastest growing industry these days. The sale of mainframe computers is increasing day by day. The computer industry has been further pushed up by the introduction of mini computers and micro computers that are small, cheap, reliable and very light. These are routinely used to control the process of production, testing, recording scientific instrument, in-store check-out systems in cars and test systems for evaluation and medical monitoring, etc.

Computers are now widely used in the administration office to perform routine clerical work. Today, organizations of larger and medium are almost totally dependent on their computers. Routine use of the computer are the following:

(I) accounting, invoicing, inventory control software with MIS, CRM

Computers are widely used in accounting and there are many accounting software, MIS, CRM. HiTech Financial Accounting is a software that is customized for users in many segments in business and services.

(Ii) Work and personal record.

Payroll Accounting was the first commercial fully computerized. The calculation of salaries and wages involves a series of variables which refer the personal data of each employee, as the gross wage or the rate for the job, individual deductions, tax liabilities of employees and so on. These facts can be stored in the computer and processed each month of production of pay slips for employees.

(Iii) Stock control

The computer helps to exercise the kind of inventory control needed for the organization. And up to date records of sales and purchases, determines optimal reorder levels for different items and print stock lists as you wish. The system can be designed in such a way that triggers when the level of orders stock reaches the end point for the voices of various materials, testing of those voices that moves slowly or list to give as well as storage.

(Iv) accounts records Sale

Programming can be done for any system of records of sales. The computer Pin Point defaulting borrowers to determine the right credit limit for each borrower and keep the register of shops.

(V) the costs and budgetary control

Costing and budgetary control can be influenced through the computer, the computer will indicate the changes planned performance.

(V) production control

The computer helps a lot in the planning and production control. It 'possible that the schedule of work may become necessary due to break downs etc. A new critical path may be established. A critical path is the shortest path to follow in the production of achieving production goals. The computer helps the management to establish this new critical path.
Advantages and disadvantages of a computer

A computer is certainly advantageous due to the high speed of operation and provides greater precision, savings effected by a better management, labor saving, because it is completely automatic and finally for its flexibility in use. However, there is a major outlay of capital with the difficulty of obtaining expert analysts and programmers, break down and maintenance problems and, finally, the fear of obsolescence due to rapid development of computers.

Type of other applications in relation to the accounting system

WORD PROCESSOR

This is a software package to assist in the processing of the text. The words are processed. Processing includes the insertion, deletion, changing, moving words, paragraphs, etc. Word processing is the preparation of script type, using the computing resources for the storage and handling of the text. For example, word processor has the ability to merge name and the address with standard text so as to give the impression that the latter is personalized even in case of circular.

HiTech Accounting has features so that you can export reports to Microsoft Word, a word processing and mail merge Program. You can also write letters to various parties and store the data in the database program.

DATA BASE

These are simple collections of information (data) on a particular subject. File allows you to manipulate database data into the desired shape. Thus, the database allows us to work on facts and figures to store and manipulate data in any way desired. For example, from the same basic balance test information is prepared, commerce and the profit and loss can be prepared, and a list of debtors and creditors can be prepared, purchases and sales forecasts can be made and so on. Thus, an efficient management database is needed to provide flexibility in the uses of information.
HiTech Accounting using MS Access and MS SQL server for database connectivity robust.

SPREAD SHEET

This is one of the software programs that have increased the utility of the computer for accounting purposes. Spreadsheet programs allow to draw in vertical as well as the horizontal columns of large paper. Length each. Column and the width can be adjusted according to the suitability. Even when the columns were once drawn up later, these may be altered, increased or decreased by additional columns can be added, existing columns can be eliminated. It 's very useful for businessmen and professionals. It allows us to study the multidimensional data in one sheet and helps reach logical decisions. For example, if the profit and loss account was prepared for the year 1989 and you want a comparison with 1987 figures and 1990, then forecasting spreadsheet should allow you to provide two additional columns on each side for inserting data 1987 actual and 1990 forecast estimates.

HiTech Financial Accounting Software can export its data in the report Worksheet Microsoft Excel is a spreadsheet spreadsheet.

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