Download this Document as PDF Electronic Data Interchange Businesses issue various Financial Documents for recording their Transactions to counter-party(ies) in paper / closed formats. Electronic Data Interchange – transmission of Information “electronically” but not “intelligently” – manual re-keying and / or extraction of data. Transformation – From Mail Box to a system where Accounting Package…More

Accounting Software : Transition from Book Keeping To Financial Reporting

I had certain thoughts on Accounting Packages – which can help them Transition from being book-keeping (Recording of Transaction) to Financial Reporting packages. 1. At present, Accounting Packages allow only a single grouping for a Ledger Account. However, in a number of factual instances the grouping of account in the Financial Statement depends upon the…More