e-Accounting: Accounting Software for your Business

Accounting is one of the most important part in the business which is done in order to systematically manage the financial account of an organization.Nowadays, accounting software have made accounting very easier.Online Accounting Software gives us access to the information related to the accounts from anywhere with any device just we need is internet connection in the device. Accounting system software provides up-to-date information about the business accounting.

e-Accounting  is Nepal's #1 cloud based accounting software which is an easy to use accounting software in Nepal that helps you manage your accounting , payroll  , billing and inventory online. By using business accounting software like e-Accounting we can easily manage our business accounts and it is cloud based accounting software so we can store large number of data in cloud and get access to those data whenever we want.Cloud based accounting software provides high security to our data and if any disaster occur in the system then its gives facility data recovery.

e-Accounting is a complete accounting package for your business which helps your business grow.

e-Accounting can be used as small business accounting software and also for an big organization also.It gives us facility to activate accounting management tools and functions as you need and remaining can be put stock for the future use.Computerized accounting system provides less error and the chances of mistake is very few.Doing accounting through paper is not so good idea which takes lots of time and does not guarantee of correct result all the time.Accounting is a process where a simple mistake can make huge changes in the report so it is better to use computerized accounting software like e-Accounting.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Accounting Software

 

 

 

 

 

 

 

 

Business Accounting Software and its benefits

Business Accounting Software are those type of accounting software which gives clear view about your business accounting.Accounting software manages all of your financial activities.Use of business accounting software have made accounting easier and more secure also.Accounting is a process where simple mistake can give very huge headache to the account manager.So by the use of accounting software the chances of mistake is zero. Online based accounting software gives us the facility of auto backup of the data if any disaster occurs.

Accounting must be clear n error free so doing accounting through paper cannot give us guarantee of 100% correct result. Cloud based Accounting Software gives us facility to store the data in the cloud so we can store large number of data in the cloud and can access to those data at anytime from anywhere just we need is internet connection in the device.

Business accounting software is a easy way of accounting which handles your accounting, payroll , billing and inventory online. In today's busy life of people no one have time to go through the traditional way of accounting and look over the accounting sheet and perform the task. So nowadays people use accounting software to perform all the accounting task in better and faster way.


Benefits of Business Accounting Software:

• Easy to use
• Provides Accurate data
• Provides high security of data
• It gives facility of data backup.
• Reduce frustration of account manager.
• It gives facility to deal with multiple currencies easily.

Business Accounting Software

Why to use Small Business Accounting Software?

Many people can have questions about why to use software to perform the task which can  be performed by using paper. We all Know that Software is a set of instruction or program used in computer. Business Accounting Software helps us with our business account which gives us clear financial activities of an organization.Business Accounting is a way to look over the profit and the loss in the business.

Small Business Accounting Software are those types of accounting software which have limited features which is targeted for small business area. Accounting Software for small business helps to keep account up-to-date. Accounting Software gives business accounting solution to the organization. Accounting is a process of systematically recording and managing financial accounts and it is a very big task which must be clear , correct and as well as secure also.

Using Business accounting software make the accounting easier and more secure.Nowadays, cloud computing is most popular way of computing.So most of the software are based on cloud computing which gives facility to access to the information or data from anywhere at anytime with any device just we need is the internet connection.Computerized Accounting Software make use of computers and accounting software to record , store and analyze financial data. There are many advantages of using computerized accounting software which helps on maintaining account of an organization.

e-Accounting is online accounting management software which can be used for big organization and as well as for small business accounting also.e-Accounting is fully cloud based accounting software which helps you with your accounting , payroll , billing and inventory online. It is online accounting software so we can manage all our financial activity online and it also gives auto backup facility in case of data loss.

Business Accounting Software

Online Accounting Software : e-Accounting

e-Accounting is an easy to use accounting software in Nepal that helps you manage your accounting, payroll, billing and inventory online. e-Accounting is best accounting software which gives facility of backup and it is 100% secure. Accounting software can be use to perform overall task related to account of an organization. e-Accounting is online accounting software which faciliate the user with their accounting solution.

e-Accounting is Accounting management software which is fully computerized accounting software so it removes all the paperwork and performs better task.Accounting is the key of success in an organization.All the profit and loss of the business is calculated through the accounting so accounting software helps us to perform better task with our accounts.

Cloud based accounting software performs all the task through the internet and e-Accounting is also cloud based accounting software which perform all the task online. We just need a device with internet connection while using online Accounting software like e-Accounting and the device can be anything like mobile,tab,laptop,etc.

some features of e-Accounting( Online Accounting Software) are listed below:

• General Ledger
• Receivables Management
• Payables Management
• Cash flow Management
• Collection Management
• Inventory Management
• Bank Reconciliation
• Funds Management (Budgeting)
• Consolidation
• Loan and Interest Management
• Fixed Assets Management
• Payroll
• Multicurrency Management
• Grants Management
• Audit Trails
• Electronic Billing for portals

For more Information about Online Accounting Software you can visit our website http://eaccounting.ezone.com.np . You can try free demo of the software from http://eaccounting.ezone.com.np/demo.php

Online Accounting and Bookkeeping Software

Definition Of Accounting Software

Accounting Software is an computer application which can be used to keep records and processes accounting transaction.Accounting is the process of systematically recording and managing financial accounts.Accounting software are those type of software which is used by accounting professionals to manage accounts and perform accounting operations.The accounting software provides information related to financial accounting of an organization.

Accounting  software can be developed in-house by the company or organization making its use.It can also be purchased from a third party or might also be a grouping of a third-party application software package along with local modifications.The accounting software differs greatly with regards to cost and complexity.

Definition Of BookKeeping Software

Bookkeeping is the process of recording of financial transactions, and is part of the process of accounting in a business.Transaction include purchases,sales,   receipts, and payment by an organization/corporation..In BookKeeping, ‘Book’ implies the accounts of a business concerns and ‘Keeping’ denotes the maintenance. Therefore,Book-Keeping refers to the act of keeping the accounts of a business concern and other organizations.

Bookkeeping software generally refers to those type of software which is used to keep record of the financial transaction of an organization.

Benefits Of Using Online Accounting Software

• It provides Online Access to the financial data 24/7.
• It reduce all the paperwork and give paperless online storage facility.
• It is user friendly.
• It helps to keep the finance record accurate.
• It reduces time and save money.

The best Accounting Software in Nepal is e-Accounting which is a cloud based accounting software helps you manage your accounting, payroll, billing and inventory online. e-Accounting will manage all of your financial activities as well as reduce transaction costs, online documents processing and lets you have instantaneous access to the information.

Online Accounting Software

To get more information about the online accounting software (e-Accounting) visit our website  http://eaccounting.ezone.com.np . 

Difference between Government and Commercial Accounting

Government accounting and commercial accounting both are primarily concerned with record keeping of the financial transaction incurred by these institutions during a certain period. Principally,there is no difference among these two accounting systems,as both system follows the same rules,same principle for debiting and crediting the transactions.However,the objectives of government institutions and commercial undertakings are quite different.Therefore,accounting practices and procedures to be followed by these institutions,have been designed differently in order to meet their objectives. The objective of commercial undertakings is to earn profit,the objective of government institutions is to present the true picture of financial statement of the government offices, which includes presentation of annual budget,allocation and monitoring the expenditures to insure their best utilization for public welfare.Therefore,the practices and procedures followed by these two accounting system are quite different.The points of difference between government accounting and commercial accounting have been summarized below.

Government Accounting	Commercial Accounting
1. Government accounting is used to record transaction that takes place in government organizations.	1. Commercial accounting is used to record transactions in commercial organizations.
2.Government accounting in no way is related to show profit or loss of the government office.	2.Commercial accounting is concerned with profit or loss of the concern.
3.Government accounting is normally maintained in cash basis.	3.Commercial accounting is maintained in accrual basis.
4.Government accounting is maintained strictly following the provisions made in finance act and rules.It is rigid.	4.Commercial accounting is not necessarily bound to follow the finance act and rules.It is guided by its internal rules.It is liberal in practice.
5.Government accounting gives information concerned to receipt or transfer of funds and disposed off of government properties.	5.Commercial accounting provides information concerning their operating efficiency and performance result along with financial position of the concern.
6.In government account a separate bank accounts are operated for each kinds of fund operated.	In commercial account,unless necessary,only one account is operated.However,bank accounts in different banks may be operated simultaneously.
7.Government accounts are audited by a constituted body constituted by the government under constitutional law.	7.Commercial accounts are audited by professional having valid audit license.
8.Government accounting is based on budgeting principle.Thus it is controlled by budget.	8.Commercial accounts is not rigidly guided and controlled by budget.However,some control by budget is exercised.

Government Accounting Software

Features Of Government Accounting

Followings are the features of government accounting :

1. History of financial transaction : Government account is the history of financial transactions of government offices.Records of past would be the history for future.Government accounts preserve the records of past years related to monetary policy,budgetary mechanism,sources of revenue,and expenditures incurred in various development works etc.These records are very much useful for future,specially for future plans,formulating the future policies,estimation of sources of revenues and expenditures both for regular development works.
2. Based on double entry system : Double entry system of bookkeeping has been accepted widely as a scientific,systematic,complete system of book-keeping.Therefore,government accounting should be based on this double entry principle of accounting.
3. Simple and flexible : Government account should be simple,easy to understand and smooth operating.It should be designed in such a manner that a person having a general knowledge of accounting principle may be able to operate this accounting system easily and independently. Moreover,this accounting system should be flexible in nature.In other words,this accounting system can be modified and change as to the need of time and situations.
4. Based on budget and control mechanism : Government account should be based on government budget.They should be maintain in accordance to the principle,policies,and programme outlined in the budget.Similarly,government accounting should contain some control mechanism provision.Internal check,internal control mechanism should incorporate in this accounting system so that manipulation on revenue collection system and misuse or misappropriation of expenditure system could be checked and controlled in time.
5. Based on Financial acts and rules : Government account should be strict on the provisions made on finance act and rules.
6. Decentralization : Decentralization provision,if possible,should be incorporated in government accounting.Incorporation of decentralized accounting system helps to operate accounting system on the one hand and implement control mechanism on the other.The operating level officials also know their functions as well as their limitations.It makes responsible to both central level as well as operating level authorities regarding their accounting job.
7. Provision of auditing : Government accounting should contain the provision of audit.What-so ever the scientific and transparent accounting system be operated by the organization,it cannot be accepted as true,fair and authentic unless it is certified by an independent auditor.
8. No concern with profit or loss : Except few commercial or industrial concerns controlled or run by government, the government account is no way concerned with profit or loss like commercials accounts.
9. Provide the financial information : Government accounting system should be designed in such a way that it could provide the necessary data,statistics and information as and when required easily.

   

   Web based government accounting software