Why do I need a Accounting Software Part I

Some people think that accountancy is complicated to understand and practice. But modern world tread is accountancy is vital. Even Doctor, Engineer, Pilot, or any professional need accountancy. Good Accountant like a doctor. He always checks company health and sustainability. Most industries were fallen due to recession. Some professionals lost their job. But have you heard that an accountant lost his job. What was happened? Demand for accountants increase due to recession.

If a small business owner ask me how to record their financial details according to accounting concept and prepare final accounts without incurring a cost. What is my answer? If I say him Debit and Credit, He will feed up. The solution for this is an Accounting System. If you use an Accounting System you do not need much knowledge about accountancy concepts, because you have to enter single entry and system post the entry automatically.

Using accounting system, user can view reports as soon as he require. It is quick and accurate. Features such as memorized reports, Quick Summery etc help effectively to user to generate quick reports. By customizing default reports

Case

A proprietor of a distribution company called me and asked for a Quick Books demo. I visited him and asked him why u needs an Accounting Package. Actually he wants to track his sales reps and create targets based on profit of each cost center (Distribution vehicle). Within one month of period we could implement the system and after another one month he could tract two vehicles is getting loss while others getting profits. Then he reviewed reports for that particular month relating to that vehicle. Finally he could realize what the loop whole get is. Then the company increased the targets for individual reps.