Accounting is a modern term that means business language which we can also call business securing. This is the name by which we can achieve our business financial results. Accounting provides potential partners, lenders and other financial results to banks, financial analysts, economists, and government agencies. If there were no accounts, it would be very difficult to settle accounts.
In ancient times people used paper accounts to calculate business. Paper accounts were used to sell, buy, borrow and discount anything. Then gradually business people realized that the name of the accounts was not so effective. In this way, many things are left to be accounted for and it is difficult to save the account. The disadvantage of securing transactions through accounts was that if there was even a slight error in the calculation, it would be difficult to rectify it, which would result in a loss. In addition, it was difficult to handle the paper on which the accounts were written. Accounts had a hard time securing the profits and losses of more than one partner. Despite all these problems, people kept securing business through accounts and continued to run the accounting system.
Then came the computer age, when the various benefits of the computer began to become popular, then the idea came to the minds of partners and business owners why not use the computer to secure business accounts. The computer works faster than the human brain, there will be no room for error and there will be no problem in saving the accounts and more than one account can be saved by creating a separate file. Everyone seemed to be better at solving computer accounting problems and people started transferring their business affairs and accounts to computers. People started transferring accounts to computers and gradually most business people started saving their deals to computers.
Now people have a complete belief that everything that is being transmitted or written in the computer is safe and is not far from being lost or lost. All the calculations were easily written in a few minutes by computer which made people feel satisfied.
Computers proved to be very useful in terms of securing business affairs, but it was a waste of time to search and write so many files separately inside the computer.
With the advent of computer (IT) information technology companies began to develop a number of software, including Microsoft Excel. Excel formulas make it easy to create an accounting system. Where separate accounts had to be entered, now, thanks to the Excel formula, only one entry has been made. As time goes on, IT companies are developing new software every day. Nowadays, modern computer software is used to solve business problems. Some software is developed by IT companies themselves, while others are developed by companies in other sectors to secure and improve the name of their accounts. These accounting software include QuickBook, PHT, Bill Quick, Simple Accounting, Payment O, Microsoft Dynamics, Point of Sale for Retail, Osas, Travers, Sage, Oracle, BuzzNet Inside, Ovalara, SpeedTax and Legrand. ۔
We can easily create journals, ledgers, trial balances and final sheets with just one entry by installing these softwares in the computer. If all these accounts are created together, it takes a lot of time and there are a lot of signs of error. Accounting software has helped humans solve banking and accounting problems. Creating a balance sheet is not an easy task.
The balance sheet shows the revenue. It shows how much work the company did during the allotted time, what profit, what loss, who borrowed, who owes and who owes. Has to be paid ie the balance sheet is used to know the accounts for the whole year or six months. Thanks to these softwares, trial balances, ledgers, cashbooks and other accounts are easily uniquely secured by just one entry.
I met an accountant who used accounting software and said that his company has accounts of many vendors and customers which are handled with the help of software. If these accounts are run automatically then it is very difficult to manage To go
These softwares also protect the account from fraud and theft as the status of the accounts becomes clear and if any entry is made incorrectly, the software automatically detects that the entry has been made incorrectly. ۔ As technology improves, so do human problems. According to a report, efforts are being made in Pakistan to persuade software vendors to develop low-cost and inexpensive software so that people can benefit from using more and more computer software. In this way the work becomes easier and many problems are solved.
Nowadays there are also softwares that allow the company’s account to be easily telephoned with a bank account without the need for a bank transaction. The company’s money can be easily paid and received online. If you think about it, you can imagine what IT has given to the people living in this world. While we can use IT to send and receive greetings to our dear relatives via email and chatting from the comfort of our own home, account transactions can be transferred from one place to another within miles. It doesn’t take much time.
Software has made human life easier, which had to go through different stages to work, now they are done in a single moment thanks to software.