Thursday, January 2, 2014

How can I edit it?Hi, I am a accountant. I am preparing a balance sheet but because of staff shortage and time pressures I cant complete it on...

Most certainly there are lot of different accounting software
packages available which make the total task of maintaining and analysing accounts fast and easy.
The facility for preparing balance sheet is one of the basic tasks that all such software
provide. Such systems also provide facilities of using applicable data from the accounts of
previous accounting period, without having to reenter the data again. Such data often consists of
master information such as charts of accounts, and data such as closing balances that can be used
as opening balances for the new accounting period. Other data such as rates of items like rent or
discount, that remain unchanged, can be copied from the previous accounting period. However, if
you are not already using one of such systems, I do not think it is possible to introduce a new
system without having to feed the entire data into the new
system.


If you are looking for shifting from an old system to a new
system with better facilities, the vendor of the new software package may provide some facility
for converting the data in existing system to a format suitable for the new system. However the
total cost and effort of shifting to a different accounting software package is likely to be much
more than what can be justified for just preparing a balance sheet.

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