Accounting and Inventory Control System

Abstract

Any accounting transaction posted manually usually possesses the chances of errors, and. if such transaction is carried out at the beginning of the accounting period. then its effects on the final financial statements would be explosive. On the other hand, usage of electronic data processing equipment not only minimizes the chances of such errors but they are speedy and efficient as well. This "Accounting and Inventory Control System" has heen engineered keeping this scenario in view. It provides an automation of the accounting system in which user needs only to enter a transaction only once and the remaining process including the production of the final financial statements is done automatically by the system. Further more the system has modules for Sales, Purchase, Cash Receipt, Cash Pa-ymenl If£1nsaclions. An aUempt has also been made to graphically visualize the financial statements and other reports to give a clue to upper management for the easy analysis of the accounting entities and transactions