This document describes the benefits of using finance software for accounting. It discusses how computerized accounting systems can automate manual tasks like bookkeeping, statements, and financial reports. The software makes it easier to prepare annual accounts. Some benefits of a good accounting system are easier bank borrowing, fraud detection, identifying sources of profits and losses, more reliable data, and cost reduction identification. The document also outlines the basic design of an accounting system, including input forms, reports, and a chart of accounts.

1. FINANCE SOFTWARE
GROUP MEMBERS:
Raza Mustafa
Mehtab Alam
Abdul Qadir

2. Objective
Describe an effective accounting
information system.
Understand both computerized and
manual accounting systems.

3. Benefits of computerization:
Computerized accounting systems
automate manual routine tasks such as:
Book-keeping.
Debtor and creditor statements.
Balance sheet.
profit and loss.
The software makes it easy to prepare for
your annual accounts.

4. Benefits of a Good accounting
System:
Easier borrowing from banks.
Detecting fraud or theft.
Identification of sources of profits and
losses.
More reliable data due to clearer
policies.
Identification of areas to reduce costs.
To Help for Financial planning.

5. Three Stages of
Data Processing
Input
Processing
Output

6. Designing an Accounting System
Three Level Chart of Account
Customers Input Form
Suppliers Input Form
Cash Payment Vouchers
Cash Receipt Vouchers
Bank Payment Vouchers
Bank Receipt Vouchers
JV Vouchers ( For Adjustments Entries)
Debit Note
Credit Note
Sales Invoices
Purchase Invoices

7. SNAP OF A/C HEAD FORM

8. Available Reports:
Daily Transaction report
Cash Book
Bank Book
Sales Book
Trial Balance (Outstanding Balance)
Subsidiary Ledger (Detail Party Ledger)
Suppliers List
Customers List

9. Thank you Very Much