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Hi, need to submit a 2000 words paper on the topic Finance Management Software as an Alternative for Manual Accounting.
Hi, need to submit a 2000 words paper on the topic Finance Management Software as an Alternative for Manual Accounting. These packages can be modified to play particular accounting functions such as payroll processing. Because of the modification specializes the software to one particular function, using such an application package becomes highly manageable and easy to use. As such as, most organizations prefer the highly manageable and user-friendly database packages which are gradually outgrowing the use of accounting packages (Siegel & Shim, 2000: pp305-307). Both the accounting and database packages make the work of an accountant quite easy and smooth. It has even been cited that such application packages can be used by a person who is not an accountant. In a way, this aspect of the application packages being able to be used by non-accountants threatens the tenure of the accountant and reduces him/her to any other employee. Initially, before these packages gained usage, the accountant was respected for the work done but now with the applications in the market, worse still the fact that can be used by anyone with little or no accounting knowledge, has underscored the importance and services of accountants. This fact also threatens the accuracy of accounting records because if an accountant notices an error he will be able to rectify it. This paper seeks to highlight how the ready availability of database packages has rendered the accounting package obsolete and diminished the role of the accountant.
As intimated earlier, Accounting package or software is basically application software which is able to record, process and account transactions within any accounting scenario such as receivable accounts, payable accounts or even payroll. Accounting software characteristically made up of various modules. These modules are basically a section of software which handles a particular function in accounting.
