Accounting And Payroll Application Software Packages Essay
The accounting software, is a computer software that records and processes accounting transactions within practical components such as accounts payable, accounts receivable, payroll and trial balance. The software may be developed by the organization using it, may be purchased from a third party or may be a combination of both. Today's packaged accounting software not only records financial transactions and produce accounting reports, but they include functionality for managerial decision making aimed at gaining competitive advantage. (Collins, 2006). Many of the accounting software products have add–ons that can be used to integrate the software with other software. For example, Intuit, offers add–ons that a third party can mix with QuickBooks. Almost all the accounting software have a broad customer base, which is good for small businesses. Accounting and payroll application software packages are the most extensively used packages among small businesses. However, when it comes to adopting a computer system to manage their accounts, small businesses are at crossroads. The problem is, which one of the ever–increasing brands in the market is suitable for them? If they already have one, should they upgrade it to a new system? Can they afford it? Are there any risks? There are all questions that the business asks itself before they even consider any software. The focus of this research is only on the implementation stage of the software. And the focus is from the point of
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