how does the accounting software support the business? (discuss)?
930425
Accounting software supports a business by ensuring that the financial aspects of the business, including financial auditing, invoicing, tax returns and payroll are dealt with. By doing this, the business is able to function in a financially productive way.
1181703
Using IT usually entials using general audit software or computer assisted auditing techniques.\n\nIT can help in financial audit process by letting you perform testing routines such as recalculating and verifying balances, identifying control issues, testing for compliance with standards, aging and analysing accounts receivables/payables or any other time sensitive transactions, testing for duplicate payments, and gaps in invoice numbers, among others. \n\nThese kinds of software allows auditors to quantify the financial impact of errors, or internal control issues. Line management will respond more positively to problems and opportunities that are quantified.
975305
The program provides hands-on training in applying computer technology to the field of accounting.\n\nThe rapid development of computer and information technology in the last 20 years yields the demand for professional human resources. \n\nWith the coming of the new millennium and free trade era, the challenge and competition in the field of information technology and accounting is getting more competitive. Professional and highly qualified workers have become a necessity.
902583
Quickbooks is a rather simple accounting program.  The latest version finally introduced sales order numbers.  I doubt it can handle inventory management.  Build your own inventory management program using Microsoft Access.
625290
short answer, get MYOB and pre-select the business type, it will give you a complete chart of accounts applicable to that type of business.\n\nThere are some basic line items that every business will use, but in essence, you can, subject ot accounting standards and generally accepted accounting principles, create what you want.
93483
In computerised accounting everything from journal to preparation of final accounts is done automatically. you can get some financial analysis also. There is more accuracy and speed in computerised accounting than manual accounting...a book keeper need not know everything about accouting to use accounting software...with little accounting knowledge he can do his job efficiently ...the burden for accountant is also reduced...he need not prepare financial reports and  his job function is limited to analysis only... \n\nIn manual accounting the whole burden of preparation of financial reports and analysis lies on the accountant.\n\nhttp://www.futureaccountant.com/\nhttp://www.schoolingkids.com
489298
Are they legitmate charges to your clients? Were the clients billed?\n\nRemember there is lag time , look at your statements\nwhen you make a purchase, sometimes it doesnt show that it was processed until the next day, for several ones.\n\nOne of them is that the merchant forgot to batch out.\n\nDo you even know your only company policy?\n\nWhat didyou say to him or her when she submitted the receipts to your accountant?\n\nOr are you an employee looking for a way to get her fired or in trouble?\n\nWhy doesn't your company audit these transactions?\n\nWhy did your company accept the charges?
413698
If you sell enough, you don't have to worry about your typing.\n\nHire a good accountant or bookkeeper.  Quickbooks, Microsoft Small Business and Peachtree are all nice but require your time and energy to learn and maintain.  Why not spend that time and energy on getting more customers.  As a CPA with 15 years of experience, I can tell you that no accounting system has ever made a business successful.\n\nYou can find a listing of CPAs on the internet at AICPA.org or your state's society of CPAs website.
761602
This type of report is not one that is automatically generated by most accounting software, nor is it one that is normally produced by your accountant, but it is an important analysis for you to have and understand. For any new business, you should predict what gross sales volume level you will have to achieve before you reach the break-even point and then, of course, build to make a profit. For early-stage businesses, you should be able to assess your early prediction and determine how accurate they were, and monitor whether you are actually on track to make the profits you need. Even the mature business would be wise to look at their current break-even point and perhaps find ways to lower that benchmark to increase profits. The recent massive layoffs at large corporations are directed at this goal, lowering the break-even point and increasing profits. \n\n\n*Break-Even Is the Volume Where All Fixed Expenses Are Covered*\n\nYou will start a break-even analysis by establishing all the fixed (overhead) expenses of your business. Since most of these are done on a monthly basis, don’t forget to include the estimated monthly amount of line items that are normally paid on a quarterly or annual basis such as payroll taxes or insurance. For example, if your annual insurance charge is $9,000, use 1/12 of that, or $750 as part of your monthly budget. With the semivariable expense (such as phone charges, travel, and marketing), use that portion that you expect to spend each and every month. \n\nFor the purpose of a model break-even, let’s assume that the fixed expenses look as follows: \n\nAdministrative salaries     $1,500\nRent     800\nUtilities     300\nInsurance    150\nTaxes     210\nTelephone     240\nAuto expense     400\nSupplies     100\nSales and marketing     300\nInterest     100\nMiscellaneous     400\nTotal     $4,500\n\nThese are the expenses that must be covered by your gross profit. Assuming that the gross profit margin is 30 percent, what volume must you have to cover this expense? The answer in this case is 15,000—30 percent of that amount is $4,500, which is your target number. \n\nThe two critical numbers in these calculations are the total of the fixed expense and the percentage of gross profit margin. If your fixed expense is $10,000 and your gross profit margin is 25 percent, your break-even volume must be $40,000. \n\n\n*This Is Not a Static Number*\n\nYou may do a break-even analysis before you even begin your business and determine that your gross margin will come in at a certain percentage and your fixed expense budget will be set at a certain level. You will then be able to establish that your business will break even (and then go on to a profit) at a certain level of sales volume. But your prestart projections and your operating realities may be very different. After three to six months in business, you should compare projections to the real-world results and reassess, if necessary, what volume is required to reach break-even levels. \n\nAlong the way, expenses tend to creep up in both the direct and indirect categories, and you may fall below the break-even volume because you think it is lower than it has become. Take your profit and loss statement every six months or so and refigure your break-even target number.\n\n\n*Ways to Lower Break-Even*\n\nThere are three ways to lower your break-even volume, only two of them involve cost controls (which should always be your goal on an ongoing basis). \n\n1. Lower direct costs, which will raise the gross margin. Be more diligent about purchasing material, controlling inventory, or increasing the productivity of your labor by more cost effective scheduling or adding more efficient technology. \n\n2. Exercise cost controls on your fixed expense, and lower the necessary total dollars. Be careful when cutting expenses that you do so with an overall plan in mind. You can cut too deeply as well as too little and cause distress among workers, or you may pull back
461793
Whatever price the current owner is asking for this business, he should be able to support with accurate financial data.\n\nAsk for the last 12 months of financial statements - Profit and Loss Statements, Balance Sheets, etc. Then pick a few months at random, and ask the owner for the supporting documentation (receipts, bank statements, invoices, check stubs, etc.). You will want to make sure that the financial statements are accurate.\n\nIf the owner of this business is unwilling or unable to provide you with this data, DO NOT BUY THIS BUSINESS.
869075
I have used Quicken for a long time to keep track of my files.\nIt does most of the work for you.  It is a dedicated spreadsheet so you don't have to format columns or play in Excel.\n\nQuicken only needs to know what type of transaction, who it is going to and the amount in the deposit or debit column.  Then you can categorize your expenses and even add a note.  The program automatically adds the day, counts the checks so your next check number is ready to be use.  I keeps a running total of your debits and deposits.  Then at anytime you can chart your expenses and break it down by month, or category.\n\nYou can find it here:  http://quicken.intuit.com/?src=www.quicken.com\nOr in most software stores.
429648
try this site for help on accounting.\n\n\nhttp://www.futureaccountant.com/accounting-process/
735413
Hi there,\n\nIf you have the Side Navigator open, then you can toggle between invoices, Bills, Checks ets...\n\nWant to know more? Email me. I had been supporting QuickBooks 2004, 2005 & 2006...\n\nHope this answers you...\n\nArash Shirali...
337727
Possibly, but I wouldn't trust it too much. If, as I suspect, you are trying to import/export with the spreadsheet program within Works, it might work, but lower your expectations. In my opinion, if you are using QuickBooks Pro, you should have MS Office too, so that you can be more professional. There are many benefits to using Office rather than Works.
1106053
Accounting is for you/your biz/your investors/board of directors, to help you keep up with your gains and losses.\n\nIt is also required for biz's for the IRS and government stuff and to apply for grants and other special needs.\n\naccounting BALANCES the books, thus it's like a math equation that lets you know if you did everything currectly by the end or not, if not you have to go back and re-balance them again (find your error(s)).
248208
The process of accounting after the journal entry is passed is mechanical and it can be mechanised by using the logical flow of information.....\n\nTherefore, in Computerised accounting, you only record a journal entry...and the rest is done by the computer..\n\n\nlearn the fundamental concepts here to have a wonderful understanding on the basics of accounting...\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
475976
I have QuickBook Basic.  Assuming that's what you meant, I run a consulting company and Quickbook Basic is an amazing tool.  I haven't found areas where it didn't fit/meet my need.