Accounting Basics

Accounting is being used everywhere in our life. Hence we should know a little bit about accounting so that we cannot get cheated by anyone whether we do any transaction or do a business. In this video you can learn about the accounting basics, accounting terminology, keeping daily transaction records and all.

accounting principles

Principles of Accounting; deifition; identify; record; communicate; organization, interested users; financial statements; stakeholders; internal users; external users; management; human resources; finance; customers; SEC; creditors; labor unions; investors; pay raise; dividend; ethics; financial scandals; Sarbanes-Oxley; balance sheet; income statement; GAAP; FASB; IASB; cost principle; historical cost; purchase price; verifiability; fair value;

Accounting System

Buying an Enterprise Accounting System used to be a costly affair. Not any more. Introducing an INTEGRATED ACCOUNTING ERP SYSTEM for no software cost at all.

Overview Features

• Open Source.

• Cloud Ready.

• Used by more than 100K customers world wide.

• GST/VAT Ready.

• Multi Language.

• Multi Currency.

• Unlimited Companies.

• Availability of Source Code.

Module Functions

Sales and Accounts Receivables

• Open Customer Accounts and Customer Branches.

• Make Sales Areas, Sales Types, Sales Groups, Salesman Groups.

• Make Sales Groups for grouping Customer Branches.

• Prepare Sales Quotations (with inquiry and creating of Sales Orders).

• Prepare Sales Orders and Goods Delivery Notes.

• Prepare Customer Invoices and Credit Notes.

• Make Batch Invoicing for more than one delivery order.

• All of the Sales documents are completely editable and printable.

• Customer Payments and Allocations.

• Company logos can be attached to sales documents.

• Dimensions can be selected for Sales Delivery and Invoices.

• Shipping Costs and Legal Text can be added to Invoices...

Purchase and Accounts Payable

• Open Supplier accounts.

• Make Purchase Orders, Goods Receival Notes and Payment Terms.

• Clearing of Goods Receival Notes.

• Entry of Supplier price lists & related conversion factor into purchase prices.

• Prepare Debit Notes and record Credit Notes from Suppliers.

• Supplier Payments and Allocations.

• Company logos can be attached on documents.

• Option of attaching scanned documents with transactions.

Inventory and Stocks

• Record Stock Items.

• Define Item Categories and Item Locations.

• Record location transfers and other adjustments.

• Set re-order levels for Inventory Items.

• Automatic calculation of average material cost (per unit).

• Application of standard and overhead costs, into material prices.

• Quantity of Items can be measured into standard units.

• Foreign codes registration for barcode scanner entry.

Accounting Information System http://www.xpert-asia.com/index.php/a....

Manufacturing

• Prepare bills of materials, Work Center inquiries and Work Order entries.

• Feasibility of adding advanced production and simple assembling features.

Cash and Bank

• Open Bank and Petty Cash Accounts.

• Record payments, deposit and withdrawals in related accounts.

• Various currencies can be added and foreign currency translation is also done.

• Record bank enquiries and reports.

• Prepare bank accounts reconciliation.

• Transactions can be made void and reprinted.

General ledger

• Open general ledger accounts, account classes and groups.

• Record journal entries and budget entries.

• Generate ledger accounts detailed enquiries with drill down reports.

• Make journal enquiries with an option to view journal entries.

• Closes the fiscal year and brings forward retained earnings.

• Record depriciation entries on period based.

• Make journal entries with corresponding entry in supplier / customer account.

• Filter General Ledger reports by dimensions.

• Quick entries (preset GL transactions) in bank deposit/payment, journal entry and supplier invoice/credit.

Access levels and adaptation

• Different companies can be set-up simultaneously.

• Separate financial years can be created and closed against entries.

• Multi user access with different privileges.

• Make backups and restore for companies.

• Date Picker with week numbers for all date fields.

• Simple Audit Trails.

Accounting Department ..

At its most fundamental, accounting is the development and communication of the financial and operational information necessary for management decisions in both the private and public sectors. Accounting seeks to measure the results of an organization's economic activities and convey this information to management, investors, creditors, regulatory agencies, consumers, and employees. Under this broad definition, the field includes such distinct areas as auditing, management accounting, financial accounting, international accounting, tax accounting, and public-sector accounting.

Introduction to Accounting

This type of educational video is much appreciated. Many people seeks for accounting introduction and this video will be good find for them.

Accounting By Computer

Accounting By Computer operatesprincipally in Oxfordshire, Northamptonshire and Buckinghamshirebut travel to your office, wherever you are, to work with you on your data on a one to one basis.  Fully accredited by Sage by examination.

Accounting By Computer can provide you with the software, training and advice to transform your business systems.

Accounting By Computer is credited by Sage by examination.  Each time a new product is launched training is undertaken and examinations passed to prove product knowledge.

Overcome your fears with Accounting By Computer’s  help.  As a qualified Management Accountant, John can use his accounting and commercial experience to help you tailor and use your systems to meet your business requirements.

Accounting By Computer is not in conflict with your Tax or Audit Accountant, rather complementary.  Accounting By Computer frequently assists clients following introductions from other accountants.

Accounting By Computer was founded by John Rayment in 1991 as aManagement Accounting and Consultancy resource for small businesses.  Quickly realising the benefits of Sage systems for small businesses, he specialised in assisting small businesses who wereconsidering, or already had, Sage Accounting systems.

Computer Accounting Information

Computer accounting has been growing in popularity since the availability of the Internet as a worldwide communication medium began to grow. When computer accounting is mentioned, it does not only refer to its use by professional accountants. Often non-accountants use computers for family financial record-keeping of expenditures, taxes and other household matters. Some individuals balance their checkbooks online through the use of computer accounting techniques. This article looks at the functions of computer accounting, its advantages and disadvantages.