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Accounting Software
Accounting softwares were one of the first applications to come up in
offices along with the advent of Software and Hardware. The reason being
moneys are the first of our concerns when we think of control. The
leaders of accounting software like Quickbooks, Peachtree, MYOB are
still around and doing well with varying degrees of success.
Typically, an Accounting Software is developed using a Database, a Front End RAD tool
visual basic
and a Report Writer such as crystal reports. For how to develop your
own accounting software click here. Accounting softwares can be for the
desktop, network (client server) and web. For developing a web
accounting application or software you will need a web development tool
like ASP.Net. Many Accounting softwares have been developed using C and
C++. Accounting softwares developed using these tools provide great
speed and usability, but, to upgrade them to multi user large database
environments is mostly unsuccessful as the overhead begins to climb
nullifying the benefit of lean code which the C++ tools provide.
A well designed Accounting Software caters to multiple domains. So, a
well designed accounting software can, in theory, meet the needs of
multiple types of firms. However, in practice a certain amount back
bending is required to use a Generic Accounting Software in a
construction or church or call center or fund management environment.
Here the versatility of the software boils down to the design of the
Chart of Accounts which can accommodate a wide range of accounting
requirements.
For most small businesses, a generic accounting software will be
sufficient unless their needs are very specific. However, with the cost
of software and hardware on a downward spiral combined with the high
speed and processing power, the small business too can think of highly
customized software incorporating their own design and commercial
requirements.
Small Business Accounting Software
A small business accounting software has to meet the requirements of
many basic requirements of businesses like, recording of a purchase,
sale, payment, receipts, credit note, debit note etc. To implement these
features, an accounting software has to have been designed with all
requirements in view. At the time of design, the financial statements
which are to be generated have to be prepared and taken into
consideration before going ahead.
Additionally, todays Accounting Software should include on the fly data entry, datagrids, dropdown lists, listboxes, and help.
Free Accounting Software - Download
Free accounting software are available all over the internet. Many so
called authoritative sites about Accounting Softwares have collected
trial versions from vendors, whose main purpose is to collect email ids
at the time of installation and keep sending newsletters or updates.
However, if you are a beginner you can simply learn a few things by
using these softwares. Click here for free accounting software
downloads:
Construction accounting software
A construction firm requirements are different as they come. A good
construction software will include modules for General Construction,
Materials, Highway, Mechanical and other areas like sewer, oil pipelines
etc. Audit trail, closing of books, job costing, general ledger,
over/under billing, overhead allocation, construction-specific payroll
features, union reporting, certified Payroll reporting, payables and
receivables. Many of the construction projects are executed on site.
This necessitates special features like remote access, updation, and
retrieval of data.
A construction order is an ongoing project in stages and is usually
executed on receipt of payments for each stage. A good construction
management software should be able to add new sub contractor in the
middle of a project being executed and maintain sub-contracts by job and
sub-contract number. Generating and printing the sub-ledger, which
includes not only invoices but also change orders, holdback amounts,
amounts payable, and actual contract information for each
sub-contractor. A good construction management software can record all
costs related to a particular job or order and thus enable closer
accounting control.
Querying features include inquiry by PO status, payment status, order
status, job status, and material receipt or dispatch status. Managing
the sub contractors is a major requirement in any construction project
and today most construction management software include features to
closely manage them. Inventory control software is sold as a separate
software. However, a construction software should include inventory
control with features to track material flow to different projects, and
their status.
Project monitoring features like tracking actual cost vs budgeted cost, materialwise, jobwise, projectwise, are standard.
Day Care Accounting Software
A day care accounting software is a simple software which tracks each
family´s balance and shows the child care billing history of
registration fees, tuition charges, family discounts and payments.
Child care billing for subsidized families may be easily divided between
family co-payments and government agencies and can even handle divorced
parent situations. Recording of late payment fees and print balance due
notices to all families who are past due. A good day care software
retrieves family, child and immunization information from the database
in a report format. You can also manage tuition charges, customer
balances payments and financial reporting. Nowadays, all software allow
recording electronically transfer funds without the use of cash or paper
checks.
Integrating a Calendar into an accounting software is a common feature.
Managing different daycare and school age programs are standard
features. Fitting these schedules for each child is also common. Almost
all software implement plan schedules for the school year, calendar
year, summer, or just one week or month at a time.
A few good child care software allow child check in on a hand held
pocket PC too. The hand held pocket PC also enables easy access to
emergency phone numbers and email ids.
Another common feature of day care software is to allow importing of
photographs of students, parents, and authorized pick up persons.
Payroll accounting software
A payroll accounting software records the salaries of employees working
in an organization and enables prompt payment ensuring a certain
fairness as all are paid in a particular time frame.
A payroll accounting software starts with generating the pay slips. To
generate a pay slip the software should be able to record attendance,
record employee details, pay details, leave details, grading, and
incentive details if any. Based on this, the software should be able to
generate monthly and yearly provident fund, month and yearly
professional tax, ESI etc, tax returns, salary certificate, gratuity
valuation, bank statement, leave encashment valuation, MIS reports,
increment details and deductions.
Payroll forms a part of HR. If an HR feature is provided, it should
ideally be able to monitor the employees work performance, help the
management in identifying the areas where each employee can improve and
thus assist in organizing training programs, selecting the areas of
training, durations, results of the training and on the whole help in
improving the organizations functioning.
Church accounting software
Church groups, counseling, data entry, decisions, library, mail merge,
ministry groups, outreach, Sunday school, visitors, youth music,
budgeting, check register, contributions, employment, fund accounting
and pledges.
Top Ten Accounting Software
Quickbooks
QuickBooks is one of the earliest accounting software to appear in the
market. It has managed to hold on to its position, since then. It is
ideally suited for managing small business accounting and finances. With
the advent of Internet, makers of Quickbooks have been quick to enable
on-line features like accessing all business accounting information. It
also claims to work on any operating system you prefer. Standard
features like Print checks, pay bills & track sales & expenses,
create estimates & invoices, Tools for payroll & tracking
employee time, Track inventory and set reorder points, Manage customers,
vendors & suppliers Track Income & Expenses are included.
Credit card acceptance is also included.
Cash Flow management is one of the strong points of Quickbooks. Cash
flow management is the also the key to ensuring smooth functioning of an
organization. Quickbooks lets you create a forecast based on past
performance and future variables. This can be used to manage the company
better. Quickbooks also lets you track inventory for hundreds of
products thereby serving serving as a top class small business
accounting and inventory software.
STFB
STFB Inc. develops and markets - Integral Accounting Enterprise, a
complete accounting & ERP system with source code and distribution
rights. Based on
ASP.Net, Visual Basic.Net based
platforms. Integral Accounting Enterprise is perfect for developers,
Consultants, Resellers (VARS) looking for accounting packages to
customize and resell to end-users.
Includes all the standard features like General ledger, inventory
control, AR/AP, ordering, purchasing, payroll, help desk, shopping cart,
and reports. Based on a multi-tier design which enables the programmer
to separate the different layers of the application. Multi-tier design
separates the Interface (Presentation Layer) from the Business Logic and
the Database Layer, so the system can be easily adapted to environments
or scaled across multiple systems. IAE supposedly includes a shopping
cart module that is fully integrated with the inventory, ordering,
accounts receivable and customer modules. Priced at $9999.99 IAE is a an
expensive product.
IAE includes all of the basic accounting system functionality like,
purchase, sale, payments, receipts, check, cash etc. IAE includes
complete source code for every part of the system, all of the tiers to
the system and the stored procedures. Some highlights of the package are
adding fields, web services, add or modify any part of the system that
you like, not just the front-end forms.
SAP Business One
SAP has 18000 + installations around the world. SAP Business One 2005,
is supposed to be easier, of better quality and supportability.
Delivered through SAP global network of authorized channel partners, SAP
Business One is targeted at the small and midsize companies. An
affordable business management solution (really) designed for SMEs
typically with 10 to 100 employees, SAP Business One is available in
more than 40 country versions, used by more than 10,000 customers and
delivered by a network of 1,200 partners who specialize in selling,
implementing and maintaining the solution.
Oracle Financials
The Oracle E-Business Suite, Financials, family of applications
automates and streamlines all your financial business processes, for
enterprise-wide daily business intelligence that lets you make more
informed decisions, improve operations, and reduce costs. An highlight
of this package is the unified data model which provides a single
accurate view of all your financial information, including a 360-degree
view of your customers. And Oracle Financials, running on Oracle
technology, gives you industry-leading performance and scalability.
Oracle Financials is part of the Oracle E-Business Suite, integrating
with other E-Business Suite applications including Oracle Marketing and
Oracle Supply Chain Management. Implement one or several application
families or implement the complete Oracle E-Business Suite for the
fastest way to high-quality enterprise information.
Activity Based Management Advanced Collections Assets Balanced Scorecard
Bill Presentment Architecture Cash Management Daily Business
Intelligence for Financials Enterprise Planning and Budgeting Financial
Analyzer Financial Consolidation Hub General Ledger iAssets
Top Ten Accounting Software Training Resources
Siemens
Siemens, Hyderabad, India is a popular destination for those undergoing
training in SAP. They are popular with reference to FICO the financial
module of SAP. Training charges are high but, they are known to provide
high quality training. Studuents are provided extensive hands on
training. The setup and facilities make it easier to write the FICO
exam. A FICO certification is a must for industry recognition.
Genovate Solutions
Headquartered in Singapore, Genovate has offices in Singapore,
Indonesia, Malaysia, Sri Lanka and India. Genovate is an authorized
training partner for SAP, IBM, Microsoft and Trend Micro. Students can
any of the following courses, mySAP Financials (FICO), mySAP Human
Resources (HR), mySAP Supply Chain Management ¯ Order Fulfillment (SD),
mySAP Supply Chain Management ¯ Procurement (MM), mySAP Supply Chain
Management - Planning (PP), mySAP Product Lifecycle Management ¯
Project Management (PS)
mySAP Product Lifecycle Management - Plant Maintenance (PM), mySAP
Product Lifecycle Management - Quality Management (QM) and mySAP Retail.
C & T Accounting Software
Operating out of Hong Kong, C & T Accounting teaches almost all the
products out there in the market, like, Accpac, Peachtree, QuickBooks,
DacEasy, MYOB, Simply Accounting Pro and Quicken. They provide both
onsite and classroom training. By using a live case study, C & T
hopes to train each participant professionally. All the main functions
of the software are sought to be taught. Staring from bookkeeping to
entering of records are taught. Their site claims that individual
training is their focus. Their area of operatin covers hong kong and
macau. C & T can laise with your professional accountants and design
your customized training program. Advice on Accounting Software
Accountancy Software Comparison. Qualified accountants from C & T
can advise which accountancy software will most cost effectively meet
your needs. You may attend our course Accountancy Software Comparison,
or we can provide individual consultancy on request.
Understanding Double Entry Book keeping and integrate with the
accounting software. For those who will actually need to do the
bookkeeping or supervise a bookkeeper Understanding Accounting software,
for those that have to look at other companies accounts or wish to
understand their own company's accounts.
