Computerized Accounting System

Computerized Accounting System has been introduced as a new subject for the students of B.Com. Semester IVth in Kurukshetra University, Kurukshetra. It would not be an exaggeration if we claim that ours is the first full-length book on this subject in this region. Computerized Accounting is the need of the day in view of the introduction of GST &initiative of ours Honorable Prime Minister Sh. Narender Modi for introducing digitalization in every walk of life.

Computerized Accounting System is a modern substitute for manual accounting. Accounting as a subject has become so complex that it cannot be handled easily with pen & paper format. The introduction of GST in the indirect tax system requires (GST) returns to be filed on an almost monthly basis. Computerized Accounting has an edge over manual accounting in every aspect. Not only it saves time in the computation of tax liability but it also makes it comfortable for a businessman to monitor the accounts more efficiently & accurately. Computerized Accounting makes it easy to file the GST returns as GST portal supports the exported excel files automatically. It saves a businessman from the hazards of going to an expert for getting the returns filed.

Our book covers every aspect of Computerized Accounting in detail as per the prescribed syllabus of the university. The whole syllabus is divided into five parts and every part is further divided into chapters as per the contents. Each chapter is stuffed with an adequate number of short and long questions for the practice of the students. Each concept is explained with suitable illustrations. A detailed picture of screenshots of original Tally.ERP 9 software is provided wherever needed. Every Accounting process is described with step by step manner and with flow charts from Gateway of Tally. To cater to the needs of the average student, Language is kept simple & easy to understand.

Kurukshetra University SYLLABUS B.Com Semester IV BC–405: Computerized Accounting System

Introduction: installation of Tally, ERP9–Licensing configurations–Tally Vault Password–Security Control in Tally, ERP9–Splitting Company Data–Backup and Restore.

Accounting: voucher entry, budget, cost centre, balance sheet, profit and loss account, currency, debit note, credit note, Interest calculation.

Inventory: stock item, sales order, purchase order, delivery note, rejection out.

Computerized Tax Liability Calculation.

Payroll: Salary Accounting–Introduction to Payroll–Payroll Masters–Payroll Vouchers–OvertimePayment–Gratuity–Advanced Payroll Transactions Basic Salary, Overtime, Bonus, Gratuity, Loan, ESI, Provident Fund, Pension, Commission.

Practical: The Candidates should be able to make journal entries, ledger, trial balance and balance sheet and record, other business operations on computerized Accounting software, such as Tally ERP (Latest Version).

Computerized Accounting System Book Contents

1. Computerized Accounting System
2. Introduction Of Tally erp 9
3. Group, Ledger, Voucher Entry &Budget Creation
4. Bill Wise Accounting
5. Inventory Features & Order Processing
6. Reports (Accounting And Inventory Including Printing)
7. Computation Of Tax Liability & Display
8. Payroll (Salary Accounting)
9. Payroll & Income Tax Display