Saturday, August 29, 2009

Accounting Software : A layman Perspective

It is a fact that almost all accounting software right now in the market requires some what good knowledge in accountancy to use the software. Although all Accounting Software Products are claiming that "no prior accounting knowledge is needed" , the real fact will become evident once we start using this software. By that time you had already paid for this software and are forced to use this software.

Let me tell you my experience regarding this issue. I myself is a Software Professional who is not well versed in Accountancy. When I started using one of the standard accounting software right now in the market, I felt very difficult to use that software because of my accounting knowledge constraints. Of course for standard accounting practitioners, this software will be easy to handle. But the real fact is that for day to day financial planning and budgeting of our home and office we may not be able to seek the help of Accounting professionals. We will be much interested to monitor whether the income and expenses of our home and office are going in the right path.

Here comes the importance of Simple Personal Accounting Software like MoneyCare + , where we can enter daily income and expense details and can generate various types of useful reports. Later this data can be used by the accounting practitioners to generate annual financial statements like Balance Sheet, Profit and loss account etc.. The beauty of this software is that you don't need to know about any complex accounting concepts. All you need to know is What is Income and What is Expense?. I believe almost all people know its meaning and how to categorize the income and expenses . That's all needed to use the MoneyCare + Accounting Software. Simple but very effective. You can also download free trial version of the software from the product web site, http://moneycareplus.ktsinfotech.com

There are only 5 basic steps to use this software

1)Download and install the software.
2)Enter User information like Name , address etc.
3)Enter the Income (like Salary, Business, Sales etc) and Expense ( like Electricity bill, House rent etc) Categories.
4)Enter Income and Expense Details.
5)Generate various useful reports.
You can do the steps 2 , 3, 4 and 5 using the toolbar buttons indicated in blue rectangle in the picture below.



MoneyCare+ Accounting Software Main Screen
Tags:Accounting Software, personal accounting software, Income Expense Tracker.

1 comment:

  1. In such a companу the assets аre οveгvаlued, the aѕsets side оf the balanсe sheet consiѕts of fictitiоus asѕetѕ, uselesѕ intangіble assetѕ and debit balancе in
    the profit and losѕ acсοunt.
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