SPEED

AUTOMATICITY

ACCURACY ADVANTAGE S OF COMPUTER

STORAGE VERSATILIT Y

DILIGENCE

Significance of computerized accounting system

The software used for computerized accounting system at present is known as TALLY. It helps for the full control over every aspect of accounting system of a company. Tally provides instant result about the financial status. Provides all details on the debtors and creditors.

Data tampering is impossible.

Flexible system. Helps in Open Database Connectivity(ODBC). Publish reports and documents through internet.

Capital account

Reserves and surplus Bank accounts

Cash in hand

Accounts related to balance sheet

Deposits(assets)
Current assets Loans and advances(asset) Stock in hand Sundry debtors Duties and taxes

Current liabilities

Provisions
Sundry creditors

Fixed assets
Bank OD account

Investments

Accounts related to balance sheet

Loans(liability)

Secured loans

Suspense account Miscellaneous expenses(asset)

Unsecured loans

Branch/divisions

sales account Purchase account Direct income Indirect income Direct expenses Indirect expenses

Accounts related to profit/loss account

Trial balance Analysis of customer account Analysis of supplier account

The reports for checking the accuracy of the project

Activity reports on customer & supplier Account List

Labor List

Customer Statement

General ledger

Asset

Liability

Expense

Revenue