What Are The Features Of Computerized Accounting?


3 Answers

Anonymous Profile
Anonymous answered
2. Salient Features of Computerized accounting

2.1. Fast, Powerful, Simple and Integrated

Computerized accounting is designed to automate and integrate all the business operations, such as sales, finance, purchase, inventory and manufacturing. With Computerized accounting, accurate, up-to-date business information is literally at the fingertips. The Computerized accounting combine with enhanced MIS, Multi-lingual and Data organization capabilities to help the company simplify all the business processes easily and cost-effectively.

2.2. Complete Visibility

Computerized accountings giving the company sufficient time to plan, increase the customer base, and enhance customer satisfaction. With Computerized accounting the company will have greater visibility into the day-to-day business operations and access to vital information.

2.3. Enhanced User Experience

Computerized accounting allows the company to enter data in a variety of ways which makes work a pleasure. Adapting to the specific business needs is possible.

2.4. Accuracy, Speed

Computerized accounting has User-definable templates which provides fast, accurate data entry of the transactions; thereafter all documents and reports can be generated automatically, at the press of a button.

2.5. Scalability

Computerized accounting adapts to the current and future needs of the business, irrespective of its size or style.

2.6. Power

Computerized accounting has the ability to handle huge volumes of transactions without compromising on speed or efficiency.

2.7. For Improved Business Performance

Computerized accounting is a highly integrated application that transforms the business processes with its performance enhancing features which encompass accounting, inventory, reporting and statutory processes. This helps the company access information faster, and takes quicker decisions. Computerized accounting also guarantees real-time optimization of operations and enhanced communication.

2.7. Quick Decision Making

Generates real-time, comprehensive MIS reports and ensures access to complete and critical information, instantly.

2.8. Complete Reliability

Computerized accounting makes sure that the critical financial information is accurate, controlled and safe from data corruption.

3. Advantages of Computerized accounting

    * Automation of tedious clerical jobs
    * Speed and accuracy
    * Low cost of packages
    * Automatic generation of standard reports
    * Redundant data storage permits efficient generations of some reports
    * Increase revenue while lowering operating costs and enhancing competitive advantage of the company.

4. Disadvantages of Computerized accounting

    * Transactions orientation only
    * Periodic not real time reporting
    * Limited flexibility for ad hoc reports
m-Billing Billing Profile
m-Billing Billing , mbilling multi user accounting software app, answered

Practically speaking, there is no GST accounting software on that is free. You get many options to choose from. There is Tally, Marg, and others. These brands are doing good business and have steadily gained importance in today's digital platform. Well, these applications are well equipped with many benefits like online accounting, invoice management and financial management. Tally is a very prolific software that everyone knows of.

Purchasing an accounting software is a very confusing and it can be really a costly affair. With branded applications like Tally and Quickbooks, we must have deep pockets. Before even spending some thousands or lacs just to manage our business books, the question that haunts is "whether we need that much investment to make the business better by compromising our saving and hamper future investment potentials?

Well obviously, there's more to worry if you have a small business. As a small entity, what's your main objective? I think objective is important if you wish to choose something to maintain financial management and business stability.

You know human nature is very interesting. It goes wherever everyone goes whether its the path we must avoid. Advertisement is strong and if we advertise better, more people are to join in the bandwagon. I mean why go for a popular app when you have great apps at much less cost?

Popularity has the cost tag attached to it so a similar, less popular product will definitely be cheaper. This is why I go for less famous products. Sometimes who knows, you get a better deal than an expensive one?

Starting projects have better deals am shifting about m-Billing. This is also a Cloud based business accounting app made for small to medium business. M-Billing is a cloud based business accounting app.

But why just m-Billing?

This is supposedly a new product in the market with quite a few exciting features. What I feel best about this is a straightforward approach. The software is very simple and to the point. You have to know how to just handle the mobile. No, you don't need any laptop to carry it along everywhere.

Why just m-Billing is because I had a comparison but I also needed something very simple to operate. It is not a complicated app but still very strong to offer limitless capabilities beyond doubt. The illustrated icons help me a lot to choose a transaction. Then, GST is also easy to select. Unlike the biggies, it is not too much crowded. Actually I feel comfortable using it. Petty features are cool like customized billing, calling the supplier within the app and sending bills directly on WhatsApp. You have barcode scanner to know the product description. But these are extra features beyond the usual ones that most companies have.

Now if I were to add some peers to the same ID, its also very easy. I can add multiple people to my group and they get some authorized access from me. The group can have access from anywhere. If I am in Kashmir, my added peer could be from Assam or Karnataka.

Inventory management is easy. Also with financial management, we can prepare our comprehensive balance sheet, P/L and all that stuff. In fact all data can be retrieved fast. Glad to hear that? m-Billing has made GST filing very easy. I am able to choose taxes promptly and raise bills according to the state tax system more accurately.

By far, I am satisfied with this application. I'm not an accountant by practice and I don't either need to be one. This user friendly app is fully loaded with good characteristics for comprehensive business accounting. Share your thoughts about m-Billing. Even you can try it as it comes with a FREE DEMO FOR 7 Days.

Frankly, I still need to find the best GST software but I am satisfied with this one currently.

So let's hear from you what you is your opinion about it.

Rahul Singh Profile
Rahul Singh answered

A computerized accounting environment will have the following key characteristics:

Fast, Powerful, Simple and Integrated: Computerized accounting is designed to integrate all business functions such as sales, finance, inventory, and construction.  With computerized accounting, accurate, up-to-date business information is really on the fingertips. There are user-defined templates in computerized accounting that provide fast, accurate data entry for transactions. Computerized accounting has the ability to handle huge amounts of transactions without compromising speed or efficiency.
Complete Visibility & Scalability: With computerized accounting, the company has visibility in day-to-day business operations and access to important information. Computerized accounting is suited to the current and future needs of the business, despite its size or style.

Customized:  Computerized accounting allows the company to enter data in various ways that give work a pleasure. Optimization is possible for specific business needs. Therefore, a software business can be tailor-made according to the business requirement.

For better business performance: Computerized accounting is a highly integrated application that changes business processes with facilities to increase its performance, inventory, reporting, accounting, and legal processes.

This helps the company to get information faster and makes quick decisions. Computerized accounting also guarantees the real-time optimization of operation and enhanced communication. It generates real-time, comprehensive MIS reports and ensures access to information immediately and complete and important.

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