The sales supervisor to know his group of high-performing salespeople have booked orders worth more than a hundred million dollars this week however, unless he knows how much it is cost to conduct that sales staff, just how much the goods and services being supplied have cost to produce and what additional overheads are involved, his earnings figure taken in isolation does not mean very much.
If, on the other hand He can find a real-time impression of the general situation including a bottom line profit or loss calculation, he can make decisions and do it more quickly than he could back in the paper-based accounting days.
The information, of Course, was always accessible; it just was not easily accessible.
If we accept that it takes about the same amount of time to input the specifics of a suppliers invoice in the purchase ledger module of a project accounting system software as it does to write it into a paper ledger subsequently, line for line, both approaches are more or less equivalent. So why spend the time, energy and money in installing a computerized bookkeeping system?
The answer, of course, lies in what happens to this information once it is entered into the computer system. If you write the details of a purchase invoice into a book it remains there, in the publication. Nobody else knows about it.
If, on the other hand, you take the same amount of time and input those very same details in an integrated computer-based accounting system, the flexaccount data is distributed to all regions of the system where it is needed. Management can see the up-to-date cost figure in the click of a mouse or the push of a button. I believe most people would agree that is much more effective than asking one of the accounting staff to prepare a report by hand.
Accounting software not only reduces the time required to maintain company-wide accounts information up-to-date, additionally, it gives management and employees at all levels the information which they need in an instant. The salesperson Replying a stock enquiry from a client can see whether a specific item is in stock without needing to walk down to the warehouse, the company accountant can see just how much money should be obtained by the close of the month and how much it will be offered to pay providers. Accounting software Saves time and effort and puts people in control by providing them up-to-date information on which to make important business decisions.