You need to understand the operation of the underlying accounting entries for use in either a Manual or a Computerised Accounting System. You may have studied these principles in school and now need to bring your knowledge up to date. You may be using a computerised accounts package and find that you do not fully understand the postings that occur. Accounting is a language: a language that provides information about the financial position of an organization. When you study accounting you are essentially learning this specialized language. By learning this language you can communicate and understand the financial operations of any and all types of organizations. This is because the information required by most organizations is very similar and can be broken down into three main categories: Operating Information Financial Accounting Information Managerial Accounting Information
There are many accounting packages are available in the market, Tally remains the undisputed king of all financial accounting packages. Tally is capable of handling any kind of transaction you would need, whatever your business. In order to use tally, you neither need to learn new accounting methods nor should change your existing style of handling accounts. The information can be fed as well retrieved at random and all human errors can be corrected. A transaction in accounting terminology means transfer of money or money’s worth from one party to another, for example sale of goods, purchase of furniture etc. are examples of transactions. Fundamentally there are two systems of transactions: Pre transaction and post transaction.Tally is a post transaction system. It follows the traditional methods of accounting, that is, the payment is first made on the basis of existing accounting methods (i.e., against a voucher or a cash bill) and that information is fed into the Tally. The simple fact that your existing system of accounting remains untouched by Tally is a big reason behind the success of this package.
Peachtree provides investment banking services on growth and smaller middle market transactions in the media and information industries. Capital Raise – Peachtree has a substantial amount of experience helping media companies raise growth and acquisition financing from venture capital and private equity firms. Mergers and Acquisitions – Peachtree maximizes value for sell side clients as well as strategic and financial buyers seeking add-on or platform acquisitions. Sales and Divestitures – Peachtree maximizes value on the sale of properties or the divestiture of non-strategic assets through a controlled auction process. Valuations – Peachtree has the ability to combine operational insight, market trends and technical analysis in determining thorough and well-documented valuations. Strategic Partner/Business Development – With unprecedented insight into end user needs, an ability to navigate niche markets and analyze revenue models, Peachtree is able to assist lower-middle market companies in developing strategic relationships in order to drive revenue growth.