Quick Books Essay

.Rissy Montoya Acct 31 Information Technology (IT) is a infrastructure for conducting disdain straight off. It plays a critical procedure in increasing productivity of firms and wide nation. It is proven that firms who invested in IT absorb go through continued growth in productivity and efficiency. Many companies survival and stock-still world without manipulation of IT is unimaginable. IT has become the largest component of bully investment for companies in the United States and galore(postnominal) other countries. Accounting/Finance activity systems and QuickBooks let you oversee your championship with a little or no experience.All deuce-ace practise systems completelyow the users to manage the companies neat including book lionizeing, inventory, non-inventory & service items, sales orders, purchase orders, and reports. It allows the companies to keep underwriteing of the financial as mends and at the resembling time have the training the restrainer subscr ibe tos. Using the invoice/finance screening system, braces it easier to enter and process the data quite a than manually enter and process the data.. QuickBooks is an account statement softw are package which is developed by Intuit, Inc. It was launched in the 90s and since than it is one of the market leaders in score software.The software was designed to help the small business owners who had no formal accounting training. Very dead after the introduction, there was no question that the product is expiration to be a hit. With a deep focus for the non-accountant, and a lower price than the competitors products, it outsmarted its competitions. Intuit states that the companys delegacy is to create new ways to manage personal finances and small businesses that are so profound and simple, customers butt jointnot Imagine going back to the old way QuickBooks created an cover that is most commonly used accounting product for small businesses QuickBooks ProThe world today is in the computer age. Almost everyone at one time has a computer or penetration to a computer. Now that almost everyone knows how to use a computer, almost every business has one. Businesss before had to swear on people to do all the accounting by hand, and doing the accounting for a business used to take a lot of man-hours to complete. Businesss late moved into letting computers do a lot of the work for them, but they shut away had people to check on the computers be obtain the applications that they were employ would sometimes screw up and cause a lot of confusion or even loss of money.With the latest application QuickBooks Pro 2011, there is little need for any backup measures. This application does everything that the business needs to do, manage your business, track time, do payroll, develop estimates, and much more. QuickBooks Pro 2011 cursorily finds the reports you need with the Report Finder, shows you critical information about your business at a glance with Company a nd Customer Centers, and track Features of QuickBooks that will help the company carry through sound internal control policies and procedures adit to accounting records should be expressage to designated individuals.Once a traffic has been entered, the ability to change or delete it entirely should be limited to some other individual, preferably an accounting manager. Financial statements should be prepared monthly, with realise profit percentage and expense percentages, so that management can question patent errors or omissions. The monthly financial statements should be comparative, i. e. show last years figures alongside this years, preferably with percentages as well as dollar amounts, to make apparent any significant variations in revenue or expense items that should be investigated for possible error or even fraud.Budgets should be prepared, and variances between actual and budgeted figures should be shown on budgetary income statements each month. The deficiencies with t his course of study for internal control starts when you initially set up your accounts, you enter in your ascendant account balance amounts (unless you are a brand new company with no activity). The problem is that if you do not stimulant drug an amount, or input an amount correctly, the leaving will go to Opening equipoise Equity.If it is not fixed, it will stay there indefinitely. QuickBooks will allow you to enter a transaction for any date that you wish. trance this is convenient for purposes of making projections, it can have bad consequences if you go backwards. QuickBooks retains every transaction you enter from the day you started using it. piece this is useful to get historical information, on a practical basis, the file sizes can easily get large bounteous to be unmanageable and slow your computer. Conclucion