Accounting Software
About Accounting Software
Accounting
software is an invaluable resource for modern businesses. The software allows detailed tracking of financial transactions and
near-instantaneous reporting and analysis. Before accounting software,
these tasks had to be performed by hand, using large transaction
journals.
Ad hoc reporting was generally impractical due to the
labor involved in consolidating the manual entries. Accounting software
automates these tasks, reducing the costs of accounting and allowing
better financial decision-making through timely reporting.
Why is Accounting Software important?
It provides the benefits
• Simplify accounts
• Save Cost - The accounting software reduces the costs related to the printing and distribution of documents.
• Transparency - The accountancy system avoids costly and recurring human errors.
•
Accurate forecasting - Without a proper accounting system, details
on the patterns and trends of financial performance would take ages to
complete.
• Productivity - It makes day-to-day tasks of companies look easier, and collects, organizes, and analyzes their outcomes.
•
Complying with tax laws - Most accounting software automatically
complies with taxation laws as part of its internal structure, so the
businesses can avoid penalties and other consequences of defaults.
•
Maintaining customer relationships - The accounting systems provide
effective billing and invoicing, and prevent all sorts of delays and
miscommunication.
• Data security - Accounting systems prevent
accounting from being jeopardized by theft by providing passwords and
administration IDs and setting up as who can view what.
Who should take the Accounting Software Exam?
• Accounting or Finance professionals
• Business owners
• Entrepreneurs
• Anyone who wants to assess their Accounting Software skills
• Accounting or Finance managers and senior executives
• Accounting or Finance consultants
• Professionals working in outsourced companies responsible for Accounting Software
• Any professional with skills and knowledge of Accounting Software
• Anyone interested in Accounting Software
• Students
Accounting Software Certification Course Outline
1. Basic Accounting Principles and Framework
2. The Accounting Equation and Financial Statements
3. The Accounting Cycle and Accrual Accounting
4. Accounting Transactions and Books of Account
5. Tally ERP 9