2. LITERATURE REVIEW
This literature review offers a commentary on what Pastel accounting software and QuickBooks accounting software specifically is, preferences on both accounting systems, who uses the accounting systems, advantages and disadvantages of each accounting system and includes a brief history on accounting systems.
Accounting software refers to a form of application software or computer programs that records and processes accounting transactions within practical components such as accounts payable, accounts receivable, payroll and trial balance. Accounting software functions as an accounting information system recording and reporting an organisation’s financial transactions (AllBusiness, 2015). Cory Janssen (2015) states, accounting tasks were previously required to be performed by hand
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2014. Quickbooks vs Pastel. [Online] Available from: http://accounting-services.co.za/quickbooksvspastel [Accessed: 2015-04-20].
Eamonn, R. 2012. The evolution of accounting software: past, present and future. [Online] Available from: http://www.gaaaccounting.com/author/gaablog/ [Accessed: 2015-04-19].
Janssen, C. 2015. Accounting Software. [Online] Available from: http://www.techopedia.com/definition/982/accounting-software [Accessed: 2015-04-19].
Miller, K. 2015. Quickbooks Online Review. [Online] Available from: http://www.merchantmaverick.com/reviews/quickbooks-online-review/ [Accessed: 2015-04-20].
Patel, N. 2011. Accounting Software Review. [Online] Available from: https://www.saica.co.za/News/Technobuzz/SoftwareReviews/tabid/2267/itemid/3038/language/en-ZA/Default.aspx [Accessed: 2015-04-21].
QuickBooks. 2014. Accounting software: a Quick history. [Online] Available from: http://www.quickbooks.co.za/product/accounting-software/accounting-software-quick-history/ [Accessed: 2015-04-20].
Sage. 2015. Sage Pastel Corporate Profile. [Online] Available from: https://www.pastel.co.za/About-Pastel-Accounting-Software.asp [Accessed:
Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.
Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2009). Accounting: Tools for business decision
ProductSAP ERP GBIRelease 6.04LevelUndergraduateGraduateBeginnerFocusAccounting Entries in Manual and Automated SystemsIntegration of Accounting JournalsAuthorsJim MenschingNancy JonesContributorsPatti BrownVersion1.0
In businesses today, it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore, before any system is updated or changed, the accounting system must be considered and analyzed for compatibility and integration. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a
There is a necessity to have either hardware or software to integrate the accounting information into an automated system for viewing by the proper individuals. Below, Learning Team A will show who needs to access this information, what controls will be implemented, the type of reports to be generated from these hardware or software and importantly what type of information will be available through corporate Intranet and the Internet. Having the proper hardware and software integrating Riordan's data into automated systems will make life easier for those involved with all the accounting cycles, especially accounts receivable.
As the business environment grows and companies find new ways to expand into their respective - or even new – markets, it is important that reporting standards stay up to date with changes and continue to assist companies in providing their users with useful accounting information. Information is labelled as being useful when it meets the
Bagranoff, N. A., Simkin, M. G., & Strand, N. C. (2008). Core Concepts of accounting information systems (10th Ed.). New York, NY:
For as long as businesses have existed, so has accounting. With time, it has become more complicated and detailed, but it is still a process of keeping financial accounts in order. Through accounting, or financial reporting, a system is set up to keep track of, maintain and audit the financial proceedings. Because accounting and financial reporting of a business is so important for its accuracy and in general, a lot of ethical, technological and legal concerns are involved. In this paper, we will look identify and explore the concerns of each of these.
In today's time the accounting and book keeping ranges from the old way of paper and pen to extremely large accounting data base systems for the major companies and organizations around the world; although either system could be used but
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
Good business accounting softwares do a few things well: Track income and expenses, manage estimates, invoices and customer payments, and give you a clear year-end financial reports. Really large accounting applications also allow you to create and manage inventory and track the cost of goods sold. FreshBooks excels in almost all these areas, but only has 19 reports. Although this is much less than you find in most office accounting
It provides the most comprehensive tools for small business financial management. It is used to track expenses, prepare and send invoices, prepare financial statements, track inventory levels, and many other jobs that small businesses must perform to stay successful. New versions like Simple Start for new businesses and Enterprise version for larger businesses is currently out on the market available to purchase. Besides the desktop software, QuickBooks is offering an online version which is hosted though the online edition.
Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper
QuickBooks is a software used by many small businesses and is designed to help manage payroll, inventory, sales and other needs of a small business. The new accounting software is more cost-effective than other existing ones and deters the need for a personal accountant. It’s simpler to use and will be of value for the business and the salesmen behind it. QuickBooks helps with everyday organization like keeping up and managing cash flow, invoicing, reports, taxes and payroll through your computer or phone screen. The software's main purpose is to alleviate the use of multiple tables and graphs, spreadsheets, and tracking sheets that are necessary to document and maintain accounting tasks for a business. You don’t necessarily need a
their accounting software. You can't go wrong with a software program with such an extensive