Singapore Accounting Software
Market Computerized Accounting Packages
One essential requirement in
running and managing of an organization is the need for clear, relevant and
accurate information. In particular, an organization needs accounting
information that gives a complete picture of all financial transactions that
have taken place and the current financial position of the organization. Accounting
information is vital to the owners and managers of business organizations,
and there are often other stakeholders who have an interest in the financial
performance and position of the business.
At an organization’s financial
year-end, the accountant will prepare financial statements including a trading
and profit and loss account and a balance sheet. The system that provides all
the information for these final accounts is known as the accounting system. The
quality and accuracy of the information presented in the final accounts depends
entirely on using an effective accounting system correctly.
Beginning with the source
documents that show financial transactions, accounting staff will need to
classify and encode the information before inputting the details into the
system. However, organizations need information quickly and manual systems can
be slow. Computerized accounting packages are based on
double-entry principles and will give informative reports in a matter of
seconds. Organizations will adopt the most suitable accounting system for their
resources and needs. Whichever system is chosen, the year-end task of preparing
the final accounts remains the same. Organisations rely on effective control of
resources including cash. Most organisations depend on making a profit. The
accounting system is an integral part of managing money so survival of an
organisation depends on that system
EZ Accounting is dominating
the Singapore
Accounting Software market for small businesses. Best part of
this accounting
software is easy implementation and use. Trained accounting
professionals are readily available in market due to which employer is not
required to train their employees.
With EZ Accounting you can manage
all most all of your accounting things like inventory, sales, purchases,
manufacturing cost, payroll and other statutory year end processes. Singapore
accountants are so used to this accounting software that
it will be very difficult for other products to take over EZ Accounting.
For More Contact : www.ezaccounting.com.sg
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