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

Objectives Of Government Accounting

The prime objective of government accounting is to provide an accurate picture of government revenue and expenditure thereon to the public.However, the following are the subsidiary objectives of government accounting.

1. To maintain records of financial transactions.
2. To control expenditure to cross the budgeted limit.
3. To provide the true picture of various funds.
4. To safeguard as well as control the government properties.
5. To make availability of necessary data promptly.
6. To help to prepare the coming year budget.
7. To help to prepare the annual reports.
8. To make auditing work easy and less expensive.

1.  To maintain records of financial transactions: The prime object of accounting system is to maintain records of financial transaction of the concerned business undertakings.Similarly, the objectives of the government account is also to maintain the records of financial transaction of government offices.
2. To prevent expenditure to exceed the budgeted limit: Budgets is the estimation of government revenue and expenditure proposed for a specified period,normally for a year.It is prepared to achieve a specified objective.Therefore,available funds are allocated on various heads of expenditures.The government is supposed to spend the allocated amount in an appropriate way.Both over expenditure or under expenditure are not good and are taken as an inefficiency of the government.Thus,the accounting helps government to analyze the case and indicates the signal for correct action in future.
3. To provide the true picture of various funds: Government creates various types of fund for different purposes.Government wants to know whether the allocated funds are used for the purpose for which they are created.Government also wants to know the position of funds at different intervals.This picture can be presented accurately if there is accounting system.Thus to provide the true picture of various funds is the objectives of government accounting.
4. To safeguard as well as control the government properties: Government invests a substantial amount of fund to purchase consumable and non-consumable items.There is frequent chance of misuse of these items by the dishonest staff.Thus by keeping the records of these items,government wants to prevent and safeguard the government properties from their misuse.
5. To make availability of necessary data promptly: Government needs various information,data and statistics.By analyzing these data and information,government sketches the future plan,formulates the future policies to achieve the above plans and objectives.These information and data could be availed if government maintains its books of accounts.These books of accounts help to provide necessary data and statistical information quickly and promptly.
6. To help to prepare coming year budget: Government needs various data to prepare next year budgets.Accounting is the main source of these data and statics.Thus government accounting helps to prepare next year budgets by providing data and statistical information as and when required.
7. To help to prepare the annual report: Government needs various progress report to ensure whether the development works are progressing smoothly.These reports provide information about release of budgets,report of monthly expenditures,stocks of various types of inventories, positions of funds etc.
8. To make auditing work easy and less expensive: Auditing is the examination of the authenticity of books of account prepared by an accountant as well as by an independent authorized person called auditor.The object of auditing is to prevent the errors and frauds.By preparing the books of accounts in systematic manner,government accounting makes the auditing work easy and less expensive.

   

   Government Accounting System 

   
   

Importance Of Accounting Software

Accounting is one of the most important part of an organization.In accounting a small mistake can make large change in the report which can be headache to the account manager.Accounting is a way of evaluating the profit and loss of the organization.In early ages all the accounting task are performed by using paper but doing accounting through the paper does not gives us accurate result and the security cannot be maintained. So,in order to keep all the accounting accurate and safe we can use software like e-Accounting (Cloud Based Accounting Management Software) . 

e-Accounting is an easy to use accounting software in Nepal that helps you manage your accounting, payroll,billing,and inventory online.It is a cloud based software so we can access to our business accounting from anywhere with any device like mobile,tab,laptop etc just with internet connection.All the data will be stored in the cloud so without authorized username and password no one can access to the data so it gives high security and also provides auto data backup facility.

Many of you have question about why to move cloud.Learn about the benefits of cloud based accounting. Accounting software is designed to automate the processing, recording, handling, storage, and access of various types of business financial transactions and associated information – improving efficiency,  accuracy, and cost-effectiveness in finance and accounting operations. It also gives companies a powerful mechanism for streamlining their vital financial processes, as well as implementing formal procedures for the collection, maintenance, and presentation of financial data.

An accounting software can gives following benefits to your organization :

•  Elimination of man-made errors, for improved accuracy and consistency of financial data.
• Compliance with regulatory laws and guidelines through increased speed and integrity of financial reporting.
• Enhanced efficiency of financial staff through replacement of cumbersome, paper-heavy manual processes with fully automated activities.
• Greater revenue and business growth through improved visibility into financial status, as well as more informed strategic financial planning.
• Increased ability to identify and leverage new revenue opportunities through in-depth reporting and analysis.                     

Cloud Based Accounting Management Software

Use of Accounting software in Nepal

Software is a set of instruction which direct computer to perform specific task.It helps in managing the task in faster and better way.There are different kind of software for different purposes. Accounting software is a software which is used to manage the financial activities of an organization. Accounting is the most important part in an organization,all the business profit and loss is viewed by the help of finance report.To make a report is hard through the paper, many mistake can be occur and the data security cannot be managed. So, Accounting software can be used to generate a report in easy way and with high security also.

Accounting Software for Nepal is e-Accounting which is an easy to use accounting software in Nepal that helps you manage your accounting, payroll ,billing and inventory online.By using computerized accounting program it will minimize the time doing accounts and also reduce audit expenses as the report generated are neat,up-to date and accurate.Accounting software provides many benefits in the area of information management,regulatory compliance,business process automation and real time reporting.Accounting Software in Nepal like e-Accounting is cloud based accounting software which fulfills enterprise need of an organization.

e-Accounting is Software for Accounting in Nepal which makes your accounting up-to date and you can access centralized financial data from anywhere at anytime with any device.It is designed to process account in your way.It helps to automate accounting tasks smooth and easier.And It will manage all of your financial activities as well as reduce transaction costs, online document processing and gives you instantaneous access to information.

Accounting Software Nepal

To know more details about e-Accounting (Cloud Based Accounting Software Nepal) visit http://eaccounting.ezone.com.np. You can create your own company and insert your sample data for free demo in http://eaccounting.ezone.com.np/demo.php. You can buy product from our store 

http://store.ezone.com.np/eaccounting.