Quickbooks Notecards Essay Sample free essay sample

The accounting system captures. shops. procedures and communicates information in conformity with applicable professional. industry and authorities criterions and besides meets the organization’s ain demands. A good –designed accounting system enables an organisation to pull off one of its most valuable resources – information. Accounting package plans allow one to pull strings and bring forth information following professional. industry and authorities criterions. every bit good as meet the organization’s ends. If well-designed. it enables the company to pull off it most of import plus. which is information. I. IntroductionB. Introduction about Quickbooks Collins. J. C. ( 2011 ) . A Quick Guide to Quickbooks. Journal of Accountancy. 1. Retrieved November 27. 2012. from hypertext transfer protocol: //www. journalof accounting. com/Issues /2011/Dec/20114555. htm More than 4. 5 million companies use QuickBooks. doing it by far the most widely used accounting system in the universe Quickbooks is used around the Earth by more than 4. 5 million houses. II. BodyA. Advantagesa. Company1. Less clip devouring Nelson. S. L. ( 2008 ) . Quickbooks 2008 for silent persons. Hoboken. New Jersey: Wiley Publishing Inc. Quickbooks automatically creates most journal entries for you. construct a test balance by utilizing your journal entry information. and – when asked – produces fiscal statements. Most of the work of double-entry clerking. so. goes on behind the scenes. Quickbooks is besides able to construct a test balance every bit good as produce fiscal statements in a neat and organized manner. which allows more work to be done in a shorter period of clip. compared to utilizing the manual pattern in journalizing minutess and fixing fiscal statements II. BodyB. Disadvantagesa. Company1. Has restrictions Nelson. S. L. ( 2008 ) . Quickbooks 2008 for silent persons. Hoboken. New Jersey: Wiley Publishing Inc. In malice of the fact that Quickbooks may be an uncomplete solution and may non manage stock list the manner you want or need. Quickbooks is still a really good solution. What Quickbooks does. it does rea lly good. Quickbooks is non able to cover with stock list absolutely. but it is still a good option because it does the undertaking of forming good. II. BodyB. Disadvantagesa. Company1. Has restrictions Drew. J. ( 2012 ) . Technology and CPA’s: vision of the hereafter. Journal of Accountancy. 2. Retrieved November 20. 2012. from hypertext transfer protocol: //www. journalofaccountancy. com/Issues/2012/Jun/20114844. htm This epoch is similar to the displacement from Lotus 1-2-3 to Excel in the late eightiess and early 1990s. and he envisions the impact of cloud and nomadic engineerings radically revamping the accounting package market place. The use of accounting package may be compared to the passage from Lotus 1-2-3 to Excel. Quickbooks may. in the long tally. be overthrown by cloud and nomadic engineerings. II. BodyB. Disadvantagesa. Company2. Weak security Phatak. O. ( June 2011 ) . Advantages and disadvantages of utilizing computerized accounting. Retrieved November 23. 2012 from hypertext transfer protocol: //www. buzzle. com/articles/advantages-and-disadvantages-of-using-computerized-accounting. hypertext markup language If safeguards are non taken. including installing of anti-virus package and securing of office web. there is a security hazard of losing informations due to choping onslaughts and descrying via Internet. Security becomes an issue if the installing of an anti-virus is non done by the company. This may take to choping and descrying onslaughts of rivals through the Internet which consequences to the loss of informations.