Accounting Software Singapore | Singapore No 1 Software

Objectives of Financial Accounting Role of Accounting Accounting is not an end in itself; it is a means to an end. It assists by providing quantitative financial information that can be helpful for the users in making better decisions regarding their business. Accounting also describes and analyses the mass of data of an organisation through measurement, classification, and as well summation, and simplifies that data into reports and statements, which show the  financial situation  and results of operations of that organisation. Accounting as an information system gathers processes and carries information about an organisation to a wide variety of interested investors or other parties. Differences between Accounting and Book-Keeping Book keeping generally involves only the collection of  business transactions  (transactions) and is therefore, just one part of the process of accounting. About the accounting, this involves the complete accounting process, i.e...

Key Features of Good Accounting Software We like to think of ourselves as tech-savvy, forward thinking accountants. We love a good accounting system. Nothing gives us more pleasure than transforming a business from an archaic accounting system onto slick, shiny new accounting software. But  good accounting system  in 2016 needs to be more than just a super-charged excel sheet. It needs to provide easy-to-understand information about the business that can then be used to make better business decisions. Reliable The information itself needs to be error free. If you’re second guessing your accounting system, there’s a major problem.  Before you blame the system itself though, make sure your have firstly set everything up correctly and your entries are correct; the system can only work with the information it’s fed.   Relevance Information is relevant if it influences business decisions. For an accounting system to provide relevant information the informati...