Various Decision Support Available Through the Electronic Accounting System

Various Decision Support
Available Through the
Electronic Accounting
System

Contents
INTRODUCTION.......................................................................................................................................3
LITERATURE REVIEW............................................................................................................................3
SUMMARY................................................................................................................................................8
IDENTIFIED GAPs....................................................................................................................................8
REFERENCES............................................................................................................................................9

INTRODUCTION
Electronic accounting system implies a digital system that offers a safe means of
collecting, storing and accessing data and recording autonomic functions and events, as provided
for in the Government-Tribal Gaming Act. Accounting is the mechanism for documenting
financial transactions related to a business. The reporting method involves the review,
examination and reporting of these payments to supervisory authorities and revenue collection
bodies. Accounting financial reports are a broad description of money transactions over a
reporting cycle, outlining the activities, employment status and cash flow of a business. To
complete this report selected topic electronic accounting system which is used by most of the
business in order to keep all the records in electronic manner. For this companies are using
several types of accounting software to calculate all big calculation and keep broad details of
clients. At this time they are facing various types of problems like keep information confidential
and many others. In this report consist of research issues, methods and current finding in regard
of topics. To present findings use 15 articles that present about the accounting methods and apply
in business.
LITERATURE REVIEW
1. What is electronic accounting system?
As per the Tara Schofield (2020), computerized accounting systems are software
programs installed on a business's device, database infrastructure or accessible directly over the
Network. In the field of accounting, e-accounting or online accounting is a new technology. It
ensures that all your purchases will be registered in your online registry or database, much like
your email or forum or web page. Yet login I’d and password are used to open or build accounts.
E-accounting is now in the evolving era and will definitely consumer use until 2010. There are
several businesses that have begun E-Accounting. As well as the administrator and the employer
feel confident in e-accounting since it is cheeping without any errors or glitches in software.
Electronic accounting systems require income and expense reports to be create, including profit
from rental or selling, wages, marketing expenditures, and cost of materials. They can also be
used for handling bank accounts, paying bills and planning schedules. Some accounting systems
also require tax documentation to be prepared, payroll handled and task expense to be controlled,
varying on the programme.
According to Cynthia Gaffney (2018), A computerized accounting system comprises of
software developed to monitor all the accounting activities of company with the aim of
generating financial performance for financial reports, annual financial reports, tax filing details
and other reporting specifications used to assess the activities of business, productivity and
competitiveness.