Application of Computers in Accounting

Computers perform accounting work such as

Computers perform accounting work such as recording transactions, preparing ledger accounts, making trial balance, and generating financial statements

When accounting work is carried out

When accounting work is carried out using computers, it is called automation of the accounting process. It begins with designing an accounting databas

TPS is the first stage

TPS is the first stage of a computerised accounting system. It records, processes, validates, and stores financial transactions for later use. Its ste

Chart of Accounts is the foundation

Chart of Accounts is the foundation of the financial record keeping system. It usually has three columns: Accounts, Type, and Description. It may also

Customer master prepares invoices and customer

Customer master prepares invoices and customer accounts, handles incoming payments, flags delinquent customers, and produces dunning notices. Supplier