This can be defined as where all the money has been recorded down when it has entered and left the business where it ensures payments are being received and bills have been paid. It looks into the assets down below:
- Accounts Payable: Where the accounting software has been used to enter the implication of invoices which have been received by suppliers of a business organisation.
- Check Writing: When the accounting software has been used to write down the checks and then had been credited as cash accounts.
- Payroll: This has been processed in by most compnaies made into accounting software which is used to process the procedure.
- Sales on Credit: This is used to prepare the sales invoices for a customer that has purchased on credit where the details of the customer have been updated.
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