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Online or Web based Accounting and Inventory Control Application including a online store for your business with a shopping cart and credit card interface. Globally accessible from any internet browser.

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Web or internet based, browser driven software, globally accessible, secure and reliable, run from any computer, no software downloads, protected by password, multi user accounting, billing and inventory control system ...
Inventory Sales Software, Accounting Software Australia, Accounting Debit Credit
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Financial Accounting and Business Management of all kinds of business, industry and services is now possible with HiTech Accounting Software made for specific business segments. Click the following links for more details and free 30 days full featured evaluation download.
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Accounting Software for Business, Trade and Industry, Visit for trial download of Financial Accounting software for Traders, Industry, Hotels, Hospitals, petrol pumps, Newspapers, Automobile Dealers, Web based Accounting, Business Management Software.
One of HiTech Accounting Software
 
Financial Accounting and Business Management of all kinds of business, industry and services is now possible with HiTech Accounting Software made for specific business segments. Click the following links for more details and free 30 days full featured evaluation download.
We have ready off the shelf Accounting and business management software with inventory control for following user segments.
VAT Accounting Accounting, Billing Inventory Control
Business Houses Accounting Software
Traders Billing and Accounting Software
Industries Industry Management Software
Hospitals Hospital Management Software
Hotels Hotel, Restaurant Billing and Accounting Software
Automobile Dealers Billing and Accounting Software
Petrol Pumps Billing and Accounting Software
Pharmaceutical Dealers Billing and Accounting Software
Brokers Billing and Accounting Software
Newspaper Publishers Billing and Accounting Software
Financial Accounting Tutorial Home Page

Meaning of Bookkeeping

Book-keeping is that branch of knowledge which tells us how to keep a record of financial transactions. The need for recording such transactions arise because
(i) it is difficult to remember the various financial payments and receipts taking place during a period of time;
(ii) in modem forms of business organizations the control of business rests with different persons and the results are to be reported to the owners;
(iii) the financial information is, required for the purposes of costing, budgeting, forecasting and planning; and
(iv) Book-keeping records are to be submitted to various government agencies like Income Tax and Sales Tax' authorities for taxation purposes.

Most of us do maintain some kind of a written record of their income and expenditure. The essential idea behind maintaining such a record is to show the correct position regarding income and expenditure. Such a record should be clear and systematic so that it can be easily understood. It should show to whom a payment has been made when and what for. The need for maintaining a record of income and expenditure in a clear and systematic manner has given rise to the subject of book-keeping. Book-keeping can as such be defined "as an art and science of recording business transactions in a systematic and, chronological order".

The necessity of recording all the transactions clearly and systematically can not be over emphasized. Goods may be sold on credit to several persons. The latter would pay the price of the goods to the vendor later. The vendor would like to know, from time to time what amount is due and from whom. However, strong one's memory may be, one cannot hope to remember all the details regarding all the transactions. Apart from this, the object of business is to earn profits; and every merchant likes to know at the end of a financial year how much profit he has earned during the course of the year. For this purpose, he would need a lot of factual information which can be derived from written or computerized records of transactions, provided such records have been properly kept; in modern times using a computer software like HiTech Financial Accounting. As such proper maintenance of books of accounts is indispensable for a businessman.



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One of HiTech Accounting Software HiTech - Online Accounting Software, Business Accounting Package, A Web based Accounting Package designed to meet the requirements of small and medium sized business. This web based software is extremely handy in automating the routine accounting tasks.



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Free Business Software Download, Free Accounting Software Download, Download free trial of Financial Accounting and Business Management software for Billing, Industry, Business and services. Web based applications and software (Software that run in Browser) for business.
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