Accounting Software; Some Details

Author : GeorgeBeverly
Publish Date : 2021-05-04


Accounting Software; Some Details

Accounting is the measuring, and disclosure or provision of assurance about information that helps managers and other decision makers make resource allocation decisions.

How to become an Accountant.

Accountants in the US are called Certified Public Accountants and in the UK and Canada are called Chartered Accountants.
Chartered Accountants in Canada are expected to know all US CPA knowledge as well as a Canadian Accounting body of knowledge.
In order to become an Accountant an undergraduate degree is required and then a period of articling is required which can take as long as 5 years with gruelling exams and an exhausting series of finals.

In her notes compiled in 1979, Professor Linda Plunkett of the College of Charleston S.C., calls accounting the "oldest profession"; in fact, since prehistoric times families had to account for food and clothing to face the cold seasons. Later, as man began to trade, we established the concept of value and developed a monetary system. Evidence of accounting records can be found in the Babylonian Empire (4500 B.C.), in pharaohs' Egypt and in the Code of Hammurabi (2250 B.C.). Eventually, with the advent of taxation, record keeping became a necessity for governments to sustain social orders.

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Perhaps the most significant benefits to contemporary accounting has been the introduction of computer programs to assist in the accounting function.Computer programs were introduced in business and government organizations in the 1950s, and the most important applications of computers have been in the areas of record keeping, balancing , and transaction recording.

Accounting uses various bases of measurement, mainly the cash basis, the accrual basis (or historical cost) and variations of these; all of these functions are greatly assisted by the use of various accounting software programs.

Accounting is tied to the invention and dissemination of the double entry bookkeeping process.Different Accounting Software Solutions available today:

ACCPAC web-based accounting, launched the ACCPAC Online web site in 1999 which allows end users to run ACCPAC from a simple browser for a small monthly rental fee.

Intuit's QuickBooks for the Web represents a new product from scratch.
Microsoft Small Business Manager is a new player on the block which is a scaled down version of Great Plains Accounting Software.
Netledger centralized net computing renamed Oracle Small Business Manager
Peachtree. This product was the older Peachtree Office Accounting product and is also a web-based solution.
In 2000, Peachtree added a web-based module to its' flagship Peachtree Complete Accounting product called Peachtree Web Accounting.

SAP mySAP - web-based accounting featuring a limited number of SAP modules.

So it appears that there are 2 different types of Accounting Software:

Web Based Accounting: which is one application on a Web Server running everybody's application.

There are of course advantages and disadvantages to this type of application, immediately coming to mind is confidentiality and the security of the Servers being used as well as possible breakdowns.

Advantages are of course in being able to use unlimited Server Resources.
And then there is PC Based accounting which everybody has tried and is Bill Gates favorite.

Advantages;

In-house control of everything but subject to limited resources.

J Shipper is very interested in Accounting Software.

What do you mean average? Not good? Just doing good enough?

That's what came out in Joshua's report card recently. Looking back, I wasn't too bright a child either. Sure, I did well enough in the BIG exams but my toes curl in fright when I think about MY OWN report cards when I was younger. Let's just say there were more reds than blues (or blacks) in there and my favorite letter begins the word "Favorite".

My parents did not see much of my report cards, during those days because I would hide them in my closet. I would go back to school telling my teacher that I lost my report card. My teacher would issue me a new report card the next semester. The cycle repeats itself the next semester.

This is not the first time I am receiving my son's report card. I received the first one last semester and we (my husband and I) giggled over it a little. I looked, relooked, analyzed and checked everything in the report. Was I proud of the report? Erm, half-half. I was proud that my son made it this far and it warrants a report. I mean, someone is GIVING me a report...not the other way around.

It sort of makes me feel like a President or something, you know. And it confirms my status as a "Mother-with-a-school-going-child". But I was rueful about what was actually IN the report. I gripped the report tightly in my hands and stared at it - someone is reporting my son's progress to me and this is dead-serious business!

This is what the teacher had to say about Joshua's performance in school. "Joshua's progress is slow but steady. He is proficient in his numbers and phonics but weak in his motor-skills". My focus was on "slow" and whatever the teacher said next in the report was irrelevant.

WHAT DO YOU MEAN WHEN YOU SAY SLOW? A thousand things went through my mind: You mean, he's not good enough for you? Do you mean he's not even average? Does it mean he's not performing as fast as he should? Did she mean that his other classmates are performing far better, a little better or outrageously better than him? Why did she start off with "slow" and then end with "weak"? Does this mean she thinks he really sucks in school?



Category :accounting

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