SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Computerised Accounting System and its Requirements
Computerised Accounting System and its Requirements Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
FAQs on Computerised Accounting System and its Requirements Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is a computerised accounting system? |  |
Ans. A computerised accounting system is a software program that helps businesses record and process financial transactions electronically. It replaces manual bookkeeping methods and allows for more efficient and accurate financial management.
| 2. What are the requirements for a computerised accounting system? | |
Ans. The requirements for a computerised accounting system include a computer or a network of computers, accounting software, a reliable internet connection (if using cloud-based software), a database to store financial data, and proper training for the staff using the system.
| 3. How does a computerised accounting system benefit businesses? | |
Ans. A computerised accounting system offers several benefits to businesses, including improved accuracy in financial calculations, faster transaction processing, real-time access to financial information, automated report generation, easier tracking of income and expenses, and simplified tax compliance.
| 4. Can a computerised accounting system be customized to meet specific business needs? | |
Ans. Yes, most computerised accounting systems can be customized to suit the specific needs of a business. This customization can include setting up unique chart of accounts, creating custom reports, integrating with other software systems, and adding additional features or modules as required.
| 5. What are some popular computerised accounting system options available in the market? | |
Ans. Some popular computerised accounting system options in the market include QuickBooks, Xero, Sage 50, Zoho Books, and FreshBooks. These software programs offer a range of features and pricing options to cater to different business sizes and industries.
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