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Article: A suitable chart of accounts
- Article from:
- Electrical Apparatus
- Article date:
- November 1, 2002
- Author:
CopyrightCopyright Barks Publications Nov 2002. Provided by ProQuest LLC. (Hide copyright information)
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Accounting for management
Finding the accounting model that's right for your company
ACCOUNTING SOFTWARE has become so sophisticated and inexpensive that practically any shop can afford to automate. Common software options for small businesses include such software as Quick Books and Peachtree.
Although getting started with these programs is often as easy as turning the computer on, the reports built into them are not adapted to a service shop's needs. Moreover, the shop may lack the internal accounting expertise necessary to design the system. This situation can easily lead to frustration.
A chart of accounts is the heart of an accounting system. It is in the design of the chart that ...