Total economic accounting course or tutorial covers a variety of following subjects. It is getting evaluated that how computer systems have impacted conventional accounting techniques and practices.

  • Economic Accounting with Double Entry Bookkeeping
  • Principles of Accounting
  • Fundamental Book of Accounting – Journal
  • Accounting Ledger
  • Accounting Sub Journals – Money Cook
  • Subsidiary Accounting Books
  • Accounting Verification by Trial Balance
  • Banking Transactions Bank Reconciliation Statement
  • Depreciation
  • Rectification Of Accounting Errors
  • Balance Sheet and Profit and Loss Account
  • Single Entry Bookkeeping Accounting Method
  • Non Profit Organization Accounting
  • Capital and Income
  • Reserves and Provisions

In a really quick span of time, laptop or computer has grown from a scientific curiosity to an indispensable tool of modem society. There is hardly any scientific/technical or company activity which is not in 1 way or the other, impacted by contemporary information processing strategies.

The human thoughts can deal with only a restricted quantity of items at a time. The digital laptop or computer, on the other hand, can be programmed to evaluate, measure, calculate and evaluate thousands of readings in an incredibly quick period of time.

The laptop or computer sector has turn out to be the quickest developing sector these days. The sale of mainframe computer systems is rising day by day. The laptop or computer sector has been additional pushed up by the introduction of mini laptop or computer and micro computer systems which are little, inexpensive, trustworthy and really light. These are getting routinely utilized for course of action handle, production testing, scientific instrument recording, in retailer verify out systems, in automobile test and evaluating systems, and health-related monitoring and so forth.

Computer systems are now getting utilized extensively in workplace administration to carry out the routine clerical function. Nowadays, most significant and medium sized organizations are pretty much entirely dependent on their computer systems. Routine makes use of of computer systems are offered beneath:

(i) Accounting, Billing, Inventory Manage Software program with MIS, CRM

Computer systems are extensively utilized in accounting and there are multitude of laptop or computer computer software for Accounting, MIS, CRM. HiTech Economic Accounting is 1 such computer software which has been customized for customers in a lot of segments in company and solutions.

(ii) Payroll and personnel records.

Payroll accounting was the 1st industrial location to turn out to be extensively computerized. The calculation of wages or salaries requires a quantity of variables which relate to the individual specifics of every employee, such as gross spend or price for the job, person deductions, tax liabilities of the workers and so on. These details can be retained in the computer systems and processed every single month of create spend slips for the workers.

(iii) Stock handle

The laptop or computer aids to exercising the sort of stock handle required by the organization. It upto dates the sales and purchases records, determines optimum re-order levels for unique things and prints out the stock lists when preferred. The program can be so developed that it triggers orders when stock level reaches order point for a variety of material things tests these item which are slow moving or provides list for more than stock things.

(iv) Sale accounts records

Programming can be performed for any sales accounting program. The laptop or computer will pin point defaulting debtors, figure out the proper limit for credit for every debtor and keep shops ledger.

(v) Costing and budgetary handle

Costing and budgetary handle can be impacted by means of the laptop or computer, the laptop or computer will point out the variations from the planned functionality.

(v) Production handle

The laptop or computer also aids significantly in production arranging and handle. It is achievable that scheduling of the function may well turn out to be vital due to break downs and so forth. A new important path may well have to be worked out. A important path is the shortest path to be followed in production to reach production objectives. The laptop or computer aids the management lay down this new important path. Positive aspects and disadvantages of a laptop or computer

A laptop or computer is certainly advantageous mainly because of the higher speed of operation and higher accuracy it gives, savings effected by far better managerial handle, savings in labor mainly because it is totally automatic and lastly mainly because of its flexibility in use. Having said that, there is a considerable capital outlay with difficulty of getting skilled analysts and programmers, break down and upkeep troubles and lastly worry of obsolescence due to speedy improvement of computer systems.

Sort of other applications in relation to accounting program

WORD PROCESSOR

It is a computer software package to enable in text processing. Words are processed. Processing contains insertion, deletion altering, moving words, paragraphs and so forth. Word processing is the preparation of sort scripts, making use of computing facilities for the storage and manipulation of text. For instance, word processor has capacity to merge name and addresses with regular text so as to give impression that the latter is customized even in case of circular letter.

HiTech Economic Accounting has got characteristics so that you can export its reports to Microsoft Word, a word processing and Mail Merge System. You can also create letters to a variety of parties and retailer the specifics in the system database.

Information BASE

It is easy collections of information and facts (information) on a unique topic. Information base file makes it possible for you to manipulate the information in preferred kind. So, information base makes it possible for us to function on details and figures to retailer and manipulate that information in any preferred way. For instance, from the very same standard information and facts trial balance is ready trading and profit and loss account may well be ready list of debtors and creditors may well be ready purchases and sales forecast may well be produced and so on. So, an effective information-base management is required to supply flexibility in makes use of of information and facts. HiTech Economic Accounting makes use of MS Access and MS SQL server databases for robust database connectivity.

SPREAD SHEET

It is 1 of the computer software applications which have enhanced the utility of laptop or computer for accounting purposes. Spread sheet applications enable you to draw vertical as properly as horizontal columns on a significant sized paper. Each and every .column's length and breadth can be adjusted according to suitability. Even when columns are when drawn subsequently these can be altered, enhanced or decreased extra columns can be inserted, current columns can be deleted. It is really beneficial for businessmen and experts. It enables us to study multidimensional information at 1 sheet and aids in arriving at logical choices. For instance, if profit and loss account has been ready for the year 1989 and you want a comparison with 1987 figures and 1990 forecast then spread sheet shall allow you to supply two extra columns on every side for inserting 1987 actual figures and 1990 forecast estimates.

HiTech Economic Accounting computer software can export its report information to Microsoft Excel Worksheet which is an sophisticated spreadsheet application.

A series of articles are proposed to be written on the subjects described in this write-up.