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Accountingsoftwares

This presentation discusses accounting software. It begins by defining accounting software as software that tracks financial transactions and allows for instant reporting and analysis, unlike manual accounting of the past. The presentation then covers the history of accounting software, from manual journals pre-1970s to the introduction of personal finance software like Quicken in 1983. It also outlines different types of accounting software like spreadsheets, commercial software, enterprise software, and custom software. Finally, it discusses how accounting software is used in various organizations and industries and predicts future adoption of cloud technology.

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faiza
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238 views

Accountingsoftwares

This presentation discusses accounting software. It begins by defining accounting software as software that tracks financial transactions and allows for instant reporting and analysis, unlike manual accounting of the past. The presentation then covers the history of accounting software, from manual journals pre-1970s to the introduction of personal finance software like Quicken in 1983. It also outlines different types of accounting software like spreadsheets, commercial software, enterprise software, and custom software. Finally, it discusses how accounting software is used in various organizations and industries and predicts future adoption of cloud technology.

Uploaded by

faiza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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WELCOME TO MY

PRESENTATION
Presentation Topics:
 What is Accounting Software?
Accounting software is an
invaluable resource for modern
business. 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.

Accounting software describes a type of application


software that records and processes accounting transactions
within functional modules such as accounts payable, accounts
receivable, payroll, and trial balance. It functions as an
accounting information system.
 History of Accounting Software

Till 1970th-80th accounting transaction was recorded by


manually. It was a book with assigned pages for each
account such as cash, receivables, payables, stockholder
equity. Everyday transactions were recorded by hand into a
journal. All these processes where inefficient, slow, and
manual. Even a minor mistake in these processes led to long
time spent for recalculations.
 History of Accounting Software

In 1983 company Intuit introduced a computerized


computing program for personal finance Quicken. At this
point for development of accounting technologies, manual
journal records were left in the past and computer
technologies access in this time. Accounting software gave an
opportunity to professional accountants to do their job faster
and more productive.
 Types of Accounting Software

Spreadsheet

Commercial Accounting software

Enterprise Accounting software

Custom Accounting software


 Types of Accounting Software
Spreadsheet: To help with bookkeeping,
businesses often use spreadsheet programs such
as Microsoft Excel or Google Spreadsheets. You
can adapt a spreadsheet to almost any basic
accounting need.
Commercial Accounting software: It such as QuickBooks or Peachtree
can handle most of a small- to mid-size business's accounting needs. Its
often includes graphs that summarize data, reports that provide a picture
of a business's health.
Enterprise accounting software: Larger companies may have
enormously complex operations, and enterprise accounting software
helps in managing this complexity.
Custom accounting software: Sometimes, a business creates its own
accounting software, this are called custom accounting software.
 Using area of Accounting Software

Various Business organization

Governmental institution

Predict for financial condition

Forecasting Financial condition any


intuition
Determine profit or loss any
Business organization or project
 Using area of Accounting Software
Routine savings
With accounting software, you should only have to enter
information once. The software automatically uses it wherever
it is needed.

Completing statutory returns


Automatic book-keeping makes it easy to prepare statutory
returns and annual accounts.

Management information
Accounting software gives you instant access to information
that can help with your daily
activities.
 Futures version of Accounting Software

Cloud Technology
Cloud technology has changed the playing field for all facets
of accounting. Cloud data storage enables “virtual firms” to
operate with no physical office. Accounting expertise can be
spread over larger geographic areas and niche firms can serve
clients located outside their local market. Cloud technology
also increases the efficiency of the accounting process.

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