| Having decided to go for an accounting | | | | records the sales. |
| software, what you must understand is that | | | | |
| the best accounting software is the one that | | | | These books come in handy to prepare Trial |
| performs all the conventional accounting | | | | Balance, which demonstrates the accounting |
| functions promptly and accurately. All | | | | accuracy of the involved transactions. The |
| additional features are secondary to the | | | | Trial Balance has a Debit and a Credit side. |
| basic functions. Never forget, it is the | | | | To find out if the transactions have been |
| "rigid rules" of "accounting" that make the | | | | recorded properly or not one has to tally the |
| software so consistent throughout. | | | | sum total on Debit side with that on the |
| | | | Credit side. If they tally accurately, it |
| Since most of businesses deal in cash in some | | | | indicates that the transactions have been |
| form or the other, the foremost accounting | | | | accurately recorded. However, the tallying is |
| function is Cash Book maintenance, which | | | | effective only when the transactions are |
| ensures that all cash transactions are | | | | recorded using the double entry concept. The |
| monitored for a certain period of time. | | | | Double entry concept works on the principle |
| | | | that for every Debit, there has to be a |
| Next, comes the Bank Book, wherein all the | | | | Credit. |
| records related to bank transactions are kept | | | | |
| and can be easily sorted out for any specific | | | | Now, if you are about to choose an accounting |
| time period. | | | | software, make sure that it performs these |
| | | | basic functions efficiently and accurately. |
| Then, there is the Journal Book, which is | | | | Another thing that you must bear in mind is |
| what one needs to refer to for all such | | | | the user friendliness of the software because |
| transactions that are neither related to | | | | getting a technologically complicated |
| cash, nor have anything to do with the bank. | | | | software may make accounting complicated, |
| Besides, there is Purchase Book and Sales | | | | which, surely, is not what you are getting |
| Book. While the Purchase Book keeps track of | | | | the software for. So, settle for a software |
| all the purchases made and all such | | | | that is easy to operate and gives accurate |
| transactions that have anything to do with | | | | accounting results. |
| purchasing, Sales Book, as the name suggests, | | | | |