Why is accounting important…?
It is the term that is used in our everyday life. No matter what we are doing accounting is happening every single minute. Every transaction that we do accounting is involved every single minute. In short, if i have to say then accounting is the single most important thing that one can have in ones life.
Today there are institutions being set to make pupil well versed in the debit and credit aspects of the accounts. Though i totally understand that it is really difficult to get oneself fully acquainted with all the rules and regulations of accounting because of its complexity but still now there are measures being taken to take care of that. Now it not at all about doing manual entries or cluttering your desk with office papers, now it is more about making everything accessible on the cloud so that every change can be seen in real time.
In the world we are living today as we know is all about tech. Technology is now not only limited to the IT sector as now it is being expanded in every other sector. Be it fashion, grocery or anything else like accounting. Though manual work cannot be eliminated at all but it has been covered to the most by the software’s like quickbooks. Quickbooks is said to be the affordable software and it is also being touted as the most beginner friendly. Though there are many other softwares like peachtree or sage but nothing stand close to quickbooks. Even if you dont know anything about being online and you want to keep a track of all your transactions then you should definitely try it out. If you have any doubt related to the software then you should check out Quickbooks Canada Support to resolve your every query related to it.
Though if you want to put accounting online, then do every thing with caution as it is about putting your financial data at risk. Online thing has never been considered 100% secure. This is because with all the bugs that one face while using internet. It has never been spam free. Though measures are being taken to provide with all the safety but still if you have any problem using online platform then you should always avoid that area.
As already said that even if you use online softwares that can take care of all your accounting aspect then still you will have to hire a CA just to have a manual control. Putting your business financials in the hands of machines is something like that I don’t think should be done without keeping a physical track. Whether your business made profit or loss is decided by accounts. Thus be very aware of what is happening. Not matter what platform you use to keep your books of accounts be it online or offline, just be careful with it.