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The use of ICT in accounting
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| Submitted: Fri Jun 03 2005
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ZABER MOHAMMED THE USE OF ICT IN ACCOUNTING OF WHAT GREAT IMPORTANCE IS THE USE OF ICT IN ACCOUNTING? STOCK CONTROL Computerised stock control systems run on similar principles to manual ones, but they are more flexible and information is easier to retrieve. You can quickly get a stock valuation or find out how well a particular item of stock is moving. A computerised system is a good option for businesses dealing with many different types of stock. Other useful features include: * Stock and pricing data integrating with accounting and invoicing systems. All the systems draw on the same set of data, so you only have to input the data once. Sales Order Processing (SOP) and Purchase Order Processing (POP) can be integrated in the system so that stock balances and statistics are automatically updated as orders are processed. * Automatic stock monitoring, triggering orders when the re-order level is reached. * Automatic batch...
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