The Advantages Of Using Computerized Accounting Software
Small and medium sized businesses can now buy 'off the shelf' accounting programs at remarkably low cost. Larger businesses will typically have customized programs made for their business. The accounting programs carry out functions such as invoicing, dealing with payments, paying incomes and providing regular accounting reports such as trading and profit and loss accounts and balance sheets.
The introduction of computerized accounting systems provide major advantages such as speed and accuracy of operation, and, perhaps most importantly, the ability to see the real-time state of the company's financial position. In my experience I have never seen a business that has upgraded to a computerized accounting system return to paper based accounting systems. A typical computerized accounting package will offer a number of different facilities.
The universe of mainstream financial management has been completely transformed by the addition of computer accounting software. The greatest benefits of computer accounting software is that these applications bring about a much higher degree of accuracy and speed than was ever seen before. Combine this with the new capability to enjoy where a company stands and their production, all in real time, and computer accounting software is unsurpassed.
Even the most old school accountants have been very easily swayed towards these new methods once they've interacted with computer accounting softwares, never returning to the pen and paper methods that they 'd been using all of their lives.
The efficiency and speed of these computer accounting software programs can convert even the most old-fashioned accountants, who instantaneously throw away their pen and paper in favor of these automated systems.
In order to meet current financial and tax regulations, every organization requires accountants. However, the nature of the work involved is very tedious and repetitive: this has caused the automation of accounting procedures and the creation of a new career path known as Computer Accounting Specialist (CAS). A CAS uses computer skills to record a company's transactions, prepare financial statements and evaluate operating data by making use of the current financial accounting and reporting software that are utilized in industry.
A CAS performs a variety of accounting duties such as posting transactions to accounts, using record-keeping systems and operating accounting software by making use of state-of-the-art computer technology. They also perform a variety of standard accounting practices and procedures for payroll, accounts payable, accounts receivable, billing, purchasing, along with routine procedures such as auditing payroll data, vouchers, invoices, purchase orders, receipts, refunds, sales tax reports, and other financial documents to check for errors.
Computer accounting specialists find employment in different industries and in accounting firms. They are employed in positions such as payroll clerk, bookkeeper, accounting and auditing clerk, billing and posting clerk and statistical assistant.
Training beyond a high school education is required to obtain a job in this field. Employers, too, seek candidates with proper training and certification. Computer accounting training is offered at local community colleges, and includes courses such as advanced book keeping, computer applications, introduction to business law, financial reporting, and applications such as Microsoft Excel, Microsoft Access and Quick Books.