Accounting Software

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NAME : Manoj .S Thakur

TOPIC : Accounting Software

BATCH : 13 TH B

ROLL NO : KH08JUNMBA78

Published in: Education, Business, Technology
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Accounting Software

  1. 1. <ul><li>NAME : Manoj .S Thakur </li></ul><ul><li>TOPIC : Accounting Software </li></ul><ul><li>BATCH : 13 TH B </li></ul><ul><li>ROLL NO : KH08JUNMBA78 </li></ul>
  2. 2. Accounting Software <ul><li>Accounting software is application software that records and processes accounting transactions within functional modules such as : </li></ul><ul><li>Accounts Payable </li></ul><ul><li>Accounts Receivable </li></ul><ul><li>Payroll </li></ul><ul><li>Trial Balance </li></ul>
  3. 3. Modules of Accounting Software <ul><li>Core Module </li></ul><ul><li>Accounts receivable—where the company enters money received </li></ul><ul><li>Accounts payable—where the company enters its bills and pays money it owes </li></ul><ul><li>General ledger—the company's &quot;books&quot; </li></ul><ul><li>Billing—where the company produces invoices to clients/customers </li></ul><ul><li>Stock/Inventory—where the company keeps control of its inventory </li></ul><ul><li>Purchase Order—where the company orders inventory </li></ul><ul><li>Sales Order—where the company records customer orders for the supply of inventory </li></ul>
  4. 4. <ul><li>Non Core Module </li></ul><ul><li>Debt Collection—where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable) </li></ul><ul><li>Electronic payment processing </li></ul><ul><li>Expense—where employee business-related expenses are entered </li></ul><ul><li>Inquiries—where the company looks up information on screen without any edits or additions </li></ul><ul><li>Payroll—where the company tracks salary, wages, and related taxes </li></ul><ul><li>Reports—where the company prints out data </li></ul><ul><li>Timesheet—where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients </li></ul><ul><li>Purchase Requisition—where requests for purchase orders are made, approved and tracked </li></ul>
  5. 5. Software Catagories <ul><li>Low End Software </li></ul><ul><li>Mid Market Software </li></ul><ul><li>High End (ERP Software) </li></ul><ul><li>Vertical Market </li></ul><ul><li>Personal Accounting </li></ul>
  6. 6. Origin of A/Cing Software <ul><li>VisiCalc was the first spreadsheet program available for personal computers. It may well be the application that turned the microcomputer from a hobby for computer enthusiasts into a serious business tool. </li></ul><ul><li>It </li></ul><ul><li>VisiCalc sold over 700,000 copies in six years. </li></ul>
  7. 8. <ul><li>Thank you </li></ul>

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