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Computerised Accounting System and its Requirements Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year

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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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