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