Professional Documents
Culture Documents
To
Roll No.:
06590388814
I, Ms. Priya Gupta Roll No. 06590388814 certify that the Project Report/Dissertation
me and it is an authentic work carried out by me at Hindware HSIL Ltd. The matter
embodied in this project work has not been submitted earlier for the award of any degree or
Date:
Study of Different Accounting Softwares done by Ms. Priya Gupta, Roll No.
Designation:
Date:
Countersigned
(Director / Project Coordinator)
ACKNOWLEDGEMENT
First and foremost I would like to pay my sincere gratitude which I owe to CA Anushree
Mishra, for her valued help and guidance which she gave me when I needed it the most.
It was only due to her sincere help and efforts that I was able to end up with this project. I
sincerely acknowledge her for extending their valuable guidance .support for literature,
critical review of the project and the report and the above all the moral support she had
Technology & Management for his valuable co-operation and guidance in completing
S No Topic Page No
1 Certificate (s) -
2 Acknowledgements -
3 List of Tables -
4 List of Figures -
5 List of Symbols -
6 List of Abbreviations -
7 Chapter-1: Introduction
11 References/Bibliography
12 Appendices
Chapter 1
COMPANY PROFILE
HSIL is multi-location and multi-product company and has ISO-9001, ISO14001 and
OHSAS-18001 certification.
HSIL was the first company in India to manufacture Vitreous China sanitary ware when
even in the U.K. production of such sanitary ware was only 50% of the total sanitary
HSIL is first to help Indian Standards Institution (ISI) now named Bureau of Indian
Standards (BIS) to develop quality standards for sanitary ware industry and first to obtain
HSIL enjoys a visible presence in two businesses buildings products and container glass.
The companys building products are retailed under the brand names of Hindware and
Rassi and container glass products are sold directly to institutional customers under the
AGI brand.
HSIL enjoys a 36% market share of Indias organized sanitary ware business and 13%
products, which provide operational flexibility and a proximate access to its principal
markets.
The company has the largest product range to suite any bathroom, economic or luxurious,
flamboyant colors.
Four regional offices, four area offices and a distribution network comprising 925 dealers
HSIL is the single largest exporter of sanitary ware in the country. In this sector, new
markets have been identified. The company has also developed new models and new
HSIL stands for products quality and innovation. It has been a profitable business entity
since 1962, and has paid dividends every year in its existence (except one).
Public holding
The companys shares are listed on the Bombay Stock Exchange and the National stock
exchange.
OBJECTIVES OF PROJECT
In todays market there are so many different accounting software introduce for business. That's
why the business man really very confused to select the best software for his business. They are
totally depend on the charter accountant of his business or the dealer of some accounting software. The
1. To analyse the user of accounting software in developed and undeveloped areasof business.
4. To study the comparison of accounting software to find out which accounting software is useful
to business
Chapter 2
RESEARCH METHODOLOGY
Research design and methodology:
The research is based on secondary data collected from the published material and
internet.
Chapter 3
INTRODUCTION
Accounting software is application software that records and processes accounting transactions
within functional modules such as account payable, account receivable, trial balance and balance
sheet etc. it function as an accounting information system. It is developed by the company
himself or from other third party company who create this type of software and they can also
After mid 1990s the businessman understand the important of accounting software and
after that every businessman started the use of accounting software in his business and now das
every business from small scale to large scale business use the accounting software in his business for
Accounting software are introduced after the innovation of computer which is most important to
use the accounting software but before the innovation of computer there is a system which is
used by every business to record their business transaction it is could the book keeping and
accountancy. The all accounting software base is on this accounting technique which used
by old people. To find out the history of accounting software firstly we want to know the history of
accountancy.
On the basis of past information the practice of accounting had been around for many thousands of
years ago. Most of the formal modern day accounting started at the end of the Crusades. As
trade dramatically increased between Europe and Middle East business grew to beyond what a single
owner cold manage this brought about the need for written records so that business owners could
keep track of their transactions and ensure that their agents performed profitably.
The double entry system was first used in Genoa, Italy around the 13 th century and was further
polished in Venice with the industrial revolution business expanded to great size both in terms
of sale, purchase and staff these larger business required capital and capital required investor who
in turn required proper reporting of funds they were also subject to increased government
regulation and taxation accounting kept on advancing to the present day and involves the
standardization of reporting and the development of international accounting standard .
Today accounting is called 'the language of business' because it is the vehicle for reporting financial
information about a business entity to many different group of people. Accounting that
concentrates on reporting to people inside the business entry is could management accounting and is
Accounting that provides information to people outside the business entity is called
financial accounting and provides information to present and potential shareholders, creditors
such as banks or vendors financial analysts, economists and government agencies to do all this
things management use various software for prepare record which useful to them and others related to
that business.
In this project we understand the important, need of accounting software use in business
and also the advantages and disadvantages of accounting software. It is very crucial to define
which accounting software is use in business. Before know which accounting software is
SOFTWARE
The history of accounting or accountancy is thousands of years old and can be traced
to ancient civilizations.
The early development of accounting dates back to ancient Mesopotamia, and is closely
related to developments in writing, counting and money and early auditing systems by
the ancient Egyptians and Babylonians. By the time of the Emperor Augustus, the Roman
In India Chanakya wrote a manuscript similar to a financial management book, during the
period of the Mauryan Empire. His book "Arthashasthra" contains few detailed aspects of
The Italian Luca Pacioli, recognized as The Father of accounting and bookkeeping was
the first person to publish a work on double-entry bookkeeping, and introduced the field
in Europe.
who often offered accounting services to their clients. Early modern accounting had
organized profession in the nineteenth century, with local professional bodies in England
merging to form the Institute of Chartered Accountants in England and Wales in 1880.
Early development of accounting
Accounting records dating back more than 7,000 years have been found
and goods received and traded. The development of accounting, along with that of money
and numbers, may be related to the taxation and trading activities of temples:
"another part of the explanation as to why accounting employs the numerical metaphor is
that money, numbers and accounting are interrelated and, perhaps, inseparable in their
origins: all emerged in the context of controlling goods, stocks and transactions in the
in writing, counting, and money. In particular, there is evidence that a key step in the
to the early development of accounting and money and took place in Mesopotamia.
ancient Babylon, Assyria and Sumeria, which date back more than 7,000 years. The
people of that time relied on primitive accounting methods to record the growth of crops
and herds. Because there was a natural season to farming and herding, it was easy to
count and determine if a surplus had been gained after the crops had been harvested or
Between the 4th millennium BC and the 3rd millennium BC, the ruling leaders and
priests in ancient Iran had people oversee financial matters. In Godin Tepe and Tepe
Yahya , cylindrical tokens that were used for bookkeeping on clay scripts were found in
buildings that had large rooms for storage of crops. In Godin Tepe's findings, the scripts
only contained tables with figures, while in Tepe Yahya's findings, the scripts also
During the 1st millennium BC, the expansion of commerce and business expanded the
role of the accountant. The Phoenicians invented a phonetic alphabet "probably for
bookkeeping purposes", and there is evidence that an individual in ancient Egypt held the
title "comptroller of the scribes". There is also evidence for an early form of accounting
in the Old Testament; for example the Book of Exodus describes Moses engaging Ithamar
to account for the materials that had been contributed towards the building of the
tabernacle.
By about the 4th century BC, the ancient Egyptians and Babylonians had auditing
systems for checking movement in and out of storehouses, including oral "audit reports",
resulting in the term "auditor". By the 2nd century BC, the importance of taxation had
created a need for the recording of payments, and theRosetta Stone also includes a
The main benefit of accounting software is - when the data is entered through the software, it is
updated throughout the system. For example: If a person makes some entries in stock, the data
gets updated at every management level and in every department. The employees can view the
updated data at their software terminal. No need to move the data file from one department to
other. Everything happens automatically at the main server or at the main database, as the
The data of inventory and accounting is required at almost every business unit be it a shop or a
corporate house, and accounting software helps you to save money spend on maintenance of
The manual process of accounting and delay in calculations is prevented through accounting
software.
concentrate on core business activities. If a company gets exact information and exact figure on
time, it can make forecast for further processes and make strategies to improve business. The time
Each and every data entry gets updated in the software and you can get reports of every week, month,
Business areas improved through accounting software are sales, inventory management,
merchant accounts, budget, asset management, taxation and payroll. Some accounting software
even provide legal services and important dates are flashed to remind of the priorities in a day.
There are many industry specific accounting software specifically, designed for manufacturing or
construction sector.
You can conduct every day business transactions through your accounting software and you
may even make payment online through the software to your clients or you can even receive
Automation of processes makes people too much dependent on technology and if the
integrated to other ERP modules, its functionality improves. If only accounting software is
installed in a company, then the data of all the other departments will not get updated
automatically, and manual entry to systems will be required, which can cause delays and may
You can get only those reports from software, which are predefined. If you need reports other
than the ones, which are found in accounting software, you may find it difficult to get.
Sometimes, the design patterns of some reports are too complex for software to give, in the exact
format.
The need and rights of various users is different and if the user rights are not defined at each level or
if users exchange their jobs for a day, the software has to define the changed rights, which is done by
an administrator. In such cases, until the changes are made the other user will find it
impossible to work, which means the other employee has no work until his rights are defined for the
day. The user's rights and the concept of reporting are difficult for technology to implement. In many
5. Making business strategies and budgeting can be difficult through automatic systems:-
After recessions, the trends have changed in market, and the concept of budgeting and forecasting has
widely changed, whereas, software makes forecast only through definite procedures and technical
instructions. Many companies follow their own procedure of forecasting, which is done
manually on excel sheet, and the previous year's data is taken from the software. Forecasting
and budgeting requires data based on the changed market situation or based on business seasons,
The selection of accounting software mainly depends on the needs of a company or on the needs of
an organization. If it is needed for a shop, a desktop version of accounting software can be bought,
but if it is needed for a big corporation, multiuser software will be required. Spending money on
expensive multiuser accounting software without a need can be wasteful and buying desktop version for
It can be tough task to decide to get the best accounting software for your organization, but you
can buy after studying the features of various accounting packages available in market and
comparing their features. Accounting software not only helps large organization, but
small organizations are equally benefited by an automatic system and there are many software
which has been launched in the market to meet the requirement of small to mid-sized
organizations.
COMMON FORMS
The bestselling accounting software for small organizations includes QuickBooks, Cougar
Mountain Software, Tally, Sage and Busy. These packages have a highly developed financial
module and other module is just integrated through a few limited features to the main accounting
software. These packages have some basic features such as account receivable and payable, general
ledger, inventory and payroll. The companies buying this software can fulfilled the basic need of
automatic accounting through these packages. The cost of these packages for small businesses
If you wish to buy an accounting software that helps you to track the working of inventory, CRM,
billing and ERP, then you can buy Microsoft's Dynamics, Sage, NetSuite, Oracle or SAP. The
complete automation of each and every accounting activity. These packages are generally very
expensive and the cost also depends on the number of features enabled.
The market has changed in many ways and vendors are looking to new markets to get new
customers. To reach new clients the system should be web enabled and web hosted solution are
equipped to provide you online web hosted accounting software. There are many software in this
section such as Clarity accounting, Net books etc. If you own a small business unit and you have
many shops at many geographical locations, you can buy a cheap web enabled package which has
restricted features as needed by your company. You may even get industry specific package to
You can also get accounting software for free. You can search for free accounting packages on
internet. QuickBooks provides you the option, to own the package for free. QuickBooks can be used
by twenty customers and it provides modules such as payroll, invoice generation, print checks etc.
DIFFERENT ACCOUNTING SOFTWARE
1. S.A.P.
2. TALLY
3. BUSY
1. S.A.P.
SAP is stand for "Systems, Applications, and Products in Data Processing". SAPs story is
one of a steady rise from a small, five-man operation headquartered in southwest Germany's
Rhine-Neckar region to one of the world's largest independent software providers and an employer of
more than 47,598 people in over more than 50 countries. This software is introduced in 1972. It is
helps companies of all sizes and industries run better. They said that "Our mission is to help
companies of all sizes and industries to run well. Our vision is to help the world run better."
The first 10 years chronicles the highlights of the company's beginnings and subsequent
development from SAP's foundation its first software modules, and the SAP R/2 system to the
company's first year revenues first customers outside of Germany and first trade-show
appearance.
From back office to boardroom, warehouse to storefront, desktop to mobile device, ASP
improvers people and organizations to work together more efficiently and use business insight
more effectively to stay ahead of the competition. We do this by extending the availability of
applications and services enable more than 109,000 customers worldwide to operate profitably,
adapt continuously, and grow sustainably. SAP is one of the largest providers of ERP software in
world market and its ERP solution are structured to offer solutions to manufacturing units,
consumer product industry, financial services and service industry. It has five hundred fifty
micro-vertical solutions for small and mid-size companies. It is known globally for its
ADVANTAGES OF S.A.P. :
1. It has many levels of features and functionality, and any kind of Industry finds it easy to
2. It provides appropriate solution for work flow and back office Processes.
3. It offers extremely flexible ERP solution as it defines business plans at many stages and the
companies buying the software can easily define their rules in SAP's architecture.
4. It provides automation at three levels, which helps in automating business processes and
workflow.
5. It can be implemented even to very complex business units and government organization.
6. It comes with the flexibility of integration to a range of database unlike Oracle and it is
DIADVANTAGES OF S.A.P :
1. It appears complex for easy business processes and implementation of SAP is a very tough procedure.
2. It gives a highly professional service to business organizations, but the cost of software and
resource planning software and its top rival is Oracle. Other vendors offering high quality
enterprise software are Inform, Microsoft and QAD. SAP is one of the most expensive
enterprise resource planning solutions that take a long time for implementation. In the
changing scenario in enterprise software, how to define the future of SAP and Oracle?
It is expected in future that SAP and Oracle may enter the enterprise software as a service market.
SAP has been trying to improve its market in global tier structure where Oracle is dominating
market. About fifty percent of the enterprise software market is dominated by SAP and Oracle. SAP
and Oracle both are trying to improve their bases in software as a service.
2. TALLY
In early 1980s Mr. Bharat Goenka introduce one computer accounting software it is cauld as Tallly.
They said that "when we started everyone in the software industry was in products, but soon they
shifted to services,we were the only ones inflexible in staying in products." In last 30 years they
develop producs for the Indian market and they make India an attractive place to do business in.
Mr. Goenka believes "The single most important factor which makes a business grow is do the
ownwes of the seniors in the business have the to me to make the business grow? Senior
management is so lost in business grow. Our approach in tally is to make it possible for freeing up
tome for the senior management, and make it possible for them to access information easily and
Accounting software should have a good speed and power to deliver complex reports in minutes.
Tally is one of the most commonly used Accounting software, which can be implemented
in small business organizations and big financial companies. The ease of using Tally makes it
convenient to be used even by a user who is new to technology.
The Tally.ERP 9 software is designed for the sole purpose of helping businesses succeed
discriminate based on the location of the user and can be used with a variety of platforms.
It comes with tutorials and demonstrations that allow users to better understand the way
The application provides ease of access in all aspects, including the way that it is installed
onto a platform. There are various methods for installation, but it can be easily completed
by even new users. The installation has walkthrough demonstrations that allow users to
control every aspect of the installation. It is also equipped with features like the ability to
install only what is needed in the particular business setting. Users can choose which
features they want to use and install them. All of the features that are available with the
comprehensive solution around accounting principles, inventory and data integrity. Tally
also has feature encompassing global business. Tally software comes with easy to use
methodology, etc.
Tally accounting software also comes with drill down options, which can track every
The technology employed by tally makes data reliable and secure. Tally software
supports all the major types of file transfer protocols. This helps in connecting files across
Tally accounts software provides options for simple stock and inventory maintenance.
There are many modules, which have been exclusively designed to provide stock management
feature such as purchases order, invoicing, stock query and multiple stock evaluation. The forms also
It supports various protocols in its web feature and you can transfer data through HTTP, HTTPS,
ODBC, SMTP, FTP or other mode of data transmission. The data can be formatted in XML
and HTML format. The latest version of Tally accounting software also supports SOAP and
SDF data formatting to promote its interoperability with the windows net technology.
It is one of the best accounting software for multi user environment and it can be installed
through LAN set up. It allows multi directory set up and web enabled publishing of financial
reports. The graphical analysis and reports of it can be easily published through internet and there
Accounts Only: To maintain only the financial accounts of the company. Inventory
Account with Inventory: This is the default option, which allows maintaining both the
Select Company: We can choose the company which is already created. Shortcut key -
F1.
Shut Company: It is used to close the company which is opened. Shortcut key - Alt+F1.
Alter: It is used to make alterations in the company creation like name, date, maintain
etc.
3. Ctrl+Q
company
Accounts screen
Button
To view the
In almost all the Reports
detailed or
condensed
report
Vouchers to
alter
F2 To change At almost all screens in TALLY.ERP 9
the current
At the F11: Features screen
date
To select
company
inventory
features
company
At F11: Features screen
To select
Company
Statutory &
Taxation
features
voucher
voucher
Receipt
voucher alteration screen
voucher
voucher
voucher
voucher
voucher
Journal
voucher
Functions
and Features
screen
Configure
screen
entry
already assigned a
different function, as
explained above)
OR XML format
Configuration
Configuration
your website
TALLY.ERP 9 Interface
ALT + N To view the report in At all the reports where columns can be
automatic columns added
Alt + R
ALT+ V From Invoice screen to At Invoice screen > Quantity Field >
screen
Day Book/List of
Vouchers
accepted as it is
CTRL + B To select the Budget At Groups/Ledgers/Cost Centres/
Budgets/Scenarios/Voucher Types/
alteration screen
+B Statutory details
Budgets/Scenarios/Voucher Types/
Category
At Stock Groups/ Stock Categories/
screen
Budgets/Scenarios/Voucher Types/
alteration screen
Budgets/Scenarios/Voucher Types/
Centre
CTRL + I To select the Stock Items At Stock Group/ Stock Categories/ Stock
screen
masters
Tally.NET User
Budgets/Scenarios/Voucher Types/
Optional
At the creation and alteration of
Vouchers
it.
+R Company
screen
alteration screen
To toggle between At creation of Sales/Purchase Voucher
Centre
Tally.Developer.
Alt + Enter To view the Voucher At Day Book and almost all Voucher
display Reports
Voucher
Alt + Z To zoom in to the print At all print preview screens that appear
- To zoom out of the print At all print preview screens that appear
CTRL + To zoom in to the print At all print preview screens that appear
(Mouse
Wheel)
(Mouse left
Wheel)
SHIFT +
Right or Left
arrow
its details
To open Inventory At the Inventory/ Payroll voucher
info menu
To create/alter/shut a
Company
lists
report
information based on
monetary value
F12 Configuration
SPACE To select the line to At almost all report screens
delete/hide
delete/hide
CTRL + ALT+ To select all the line at At almost all report screens
A one instance to
delete/hide
ENTER To accept anything you You have to use this key at most areas
into a field 9
or master
SHIFT + Collapse next level details At Voucher Register screen and Trial
ENTER details
At a Group/Stock Group/Cost
Ledgers/Stock Items/Cost
Centres/Secondary
Godowns/Secondary Stock
Categories
and narration
viewing a report
At all reports
ADVANTAGES OF TALLY:
1. Good speed and reliability:-
It runs very fast at low configured system also. More than 70% of small businesses run this
It is very easy to use Tally accounting software and it can be used to increase productivity of an
organization. When it was launched as a desktop version, many buyers were attracted towards the
simplicity and ease of use of the software. Users of Tally are accustomed to its procedures and the
3. Tally 9 is featured for multi lingual platform and object oriented database:-
Tally's support for the high power database, enables it to be used on multi user platform and make
easy transactions at multi user levels. The upgradation in this software has enabled it to move
from desktop to multi user environment. The capacity of database has also increased.
There are many features of Tally, which makes it very strong software for supporting a
business organization. The dynamic reports and MIS of Tally gives complete opportunity to
view every aspect of the business. You can have amazing control over the data synchronization
and multi-lingual features. It's operation does not require much expertise in software handling
and the buyers can get reports as per their needs without getting into the complexities of the
software. Tally accounting software can allow transactions across various geographical areas.
5. Navigation is easy:-
In Tally the module and forms can be viewed through drill down display, where you can track
the link between different modules and get the exact picture of data flow. In the accounting module,
you find the feature for general ledger, accounts receivable, accounts payable, bank operations and
other functions.
DISADVANTAGES OF TALLY:
1. Online payment:-
This software is not useful to make an online payment to any party and online payment of tax.
2. Tax form:-
This software not useful to file any tax form in online it is not useful to create the tax form in this
software it want to export the information and than use that information to fill the form.
Tally accounting software is have the less feature for auditor to make an audit of that company
there is not any path for auditor to make an audit of that business directly.
The user of this software is mostly want the basic accounting knowledge to make entry in
accurate book of account if he fail to select correct book than he made a wrong his book of account
and that will be affect his business. With the basic accounting knowledge he also want the training
of that software to understand how he use that software to maintain the record his entry.
5. No customization:-
User of this software not have power to customize this software they not make any change in this
software when user purchase this software that time he just select the version he want to use that
version build only that much information which he can made they can not customize that
3. BUSY
The accounting software Busy founded in 17th September 1990 in India by a group of
and kareting of business accounting software under the trademark of Busy, which was hitherto
Busy is sold and supported all over the country through an ever increasing network of
Channel partners. More and more computer training institutes are also taking up Busy to teach
computerized accounting. This software is installation base of over 60000 including the
prestigious ones like World Bank, India International centre, All India management
Association, Amity Business school, LG Chemicals, Asian Paints, Plaza cables, Archana Airways
etc.
FEAATURES OF BUSY :
Busy is useful to make a multi-location inventory management. When the business man have his
office in different area that time also he can maintain his main inventory record by using this
software.
2. User friendly:-
This software is very easy to use it is a very user friendly software because it is give the
This software create the report in excise base that's why it is useful to make an analysis and also to
Busy software also provide the information of purchase and sale analysis which is useful to
understand the trading made by the business and also how much they want to do in business. It is
also useful to make the comparison with past records.
This software provide the direct e-mail or SMS facility to send massage to related person
ADVANTAGES
It is very easy to use Busy accounting software and it can be used to increase productivity of an
organization. When it was launched as a desktop version, many buyers were attracted towards the
simplicity and ease of use of the software. Users of Busy are accustomed to its procedures and the
There are many features of busy, which makes it very strong software for supporting a
business organization. The dynamic reports and MIS of busy gives complete opportunity to
view every aspect of the business. You can have amazing control over the data synchronization
and multi-lingual features. It's operation does not require much expertise in software handling
and the buyers can get reports as per their needs without getting into the complexities of the software.
Busy accounting software can allow transactions across various geographical areas
Business areas improved through use of this accounting software in sales, inventory
management, merchant accounts, budget, asset management, taxation and payroll. Some
accounting software even provide legal services and important dates are flashed to remind of the
priorities in a day.
4. To get easy and fast reports:
Each and every data entry gets updated in the software and you can get reports of every week, month,
You can conduct every day business transactions through your accounting software and you
may even make payment online through the software to your clients or you can even receive
The need and rights of various users is different and if the user rights are not defined at each level or
if users exchange their jobs for a day, the software has to define the changed rights, which is done by
an administrator. In such cases, until the changes are made the other user will find it
impossible to work, which means the other employee has no work until his rights are defined for the
day. The user's rights and the concept of reporting are difficult for technology to implement. In many
2. No customization:-
This software can not make customization which want the user. This software provide only that
much function which installed under it. The user not make customize this software in which he want.
This software is useful to small scale and medium scale business it is not useful as much want the
large scale business. But now days it is useful in large scale business also.
4.User training:-
The user of Busy want to take the training of how he use this software without training he not
operate this software comfortably. The Busy company provide the training station to users or
there are some computer institute which give training of how use this software.
To compare the accounting software I selected three different accounting software which
are useful in all type of business organization. Firstly I had collected the historical background of
these software and also the features, functions, advantages, and disadvantages of these accounting
software. This information is very useful because every business man look these things when he
select and accounting software. This information was also useful to compare this software with
This is very important part of this project to make an analysis on this software. For this purpose I
had created a simple questionnaire for the user of this accounting software. For this purpose I
had visited fifty different business owners to find out which accounting software they use and
how they take benefit of that software. I ask them the question to analyses this things from their
point of view.
S.A.P 11
TALLY 32
BUSY 6
OTHERS 1
Table no.1
users
2% S.A.P
12% 22%
TALLY
BUSY
OTHERS
64%
Fig. no. 1
The user of Tally accounting software is much more than other accounting software. This
software user is in small scale and also the medium scale business. The user of S.A.P. accounting
software is lower than Tally users. S.A.P software is found in large scale business only. Busy
accounting software users are very less than both of this accounting software. This is mostly
2. Suggestion of software:-
When question arise that who had suggest you this software? So the answer was, 60% users use
this software because of the Chartered Accountant of that related firm. 20% users consulted
with software dealer they understand the functions of that software which given under it and that
function is satisfied that owner. 12% of owner makes the search of different accounting software
compare that all selected software and then selected the accurate accounting software for their
business. And remaining 8% owner select the software on suggestion of their related people and
co business
partners
USERS IN PERCENTAGE(%)
70
60
50
40 USERS IN %
30
20
10
0
CA DEALERS OWNERS OTHERS
Fig no. 2
This chart shows the impact of other person thinking on use of business accounting.
Some user were using the software when they had started theirbusiness from that time they
are using only that software they have not selected any updated version of that related software
because they have become expert in the related software and all function of the software.
People have become so expert that they don't select any other software to create any confusion in
their mind. But there are some users who are interested in using the latest versions of the
software. They like to use the function performed by related software to increase the
productivity of business. The following chart show the user of accounting software's and have not
changed the software. And they use accounting software and also interested in changing the software
Table no. 2
USER OF SOFTWARE
80
70
60
50
40
30
20
10
0
USER OF SAME SOFTWARE USER USES DIFFERENT SOFTWARE
USER OF SOFTWARE
Fig no. 3
In this chart the user of same accounting software is more than that user who wants to change the
accounting software. But some software are required to upgrade every year.
This mainly happen in large scale industry but this upgrade does not change the format which user use
to maintain his record. Upgrade is done for some specific function attach with it. For e.g.:- Tax
changes every year hence changes are to be done accordingly .In case if it's not done then
the software works with the old information as the new information is not been uploaded or
upgraded.
4. Advantages of software:-
Every software has some different things or quality which impresses the user and makes him to use
that software. Such as the tally users said "this software is easy to use and give the best result every time"
the S.A.P. user said "this software is so fast and make them interconnect with each other to make our
work accurate and useful to take the correct decision of business related." The user of Busy accounting
software said "this software give some interesting features which is not given in other software."
Every user said these things which attract them to use that software. And find these software very
useful and advantages as it also reduces the cost and save the space of storing files and registers and every
data is been saved in these software and it is also very easy to get information any time when required .
5. Comparison of software:-
When the question was asked to compare the accounting software with other software. 40%
owner did not want to compare their software with other software they just want to continue
with their old software. 52% owners like to make a comparison of two different accounting
software. They think every day there is some development in new technology and they would like to
adopt that technology to increase their business growth .So they compared the software because
they are useful for them. But the 8% owner were confused while comparison of different
accounting software because they think that if they change the software, It can create some
confusion in their mind and also they did not want to face any problem generated in front of
them.
NO COMPARISION 40%
Table no. 3
Series 1
60
50
40
30
20
10
Series 1
Fig no.4
The above chart show the difference when a user has the power to compare his accounting
software. Here the user like to make comparison is more than the other user who not like to make a
comparison.
6. Satisfaction of owner:-
There is 95% owner satisfied by using software installed in their business because this
software give them all relevant data or information which they want from that software. But
5% owner are not satisfied with their software as they expect more from these software and they
don't use any upgraded software to fulfill their requirement .hence they are not satisfied .
SATISFIED OWNER 95
NOT SATISFIED OWNER 5
Table no. 4
satisfaction of owners
Fig no. 5
On the basis of this chart the satisfied owner is more than the other unsatisfied owner by using the
The user of Tally and Busy accounting software require the basic training of the software if they
learn the basic training than they can handle this software very easily. And they learn
automatically how to use this software. But in user of S.A.P. requires training
compulsorily without training they cannot use this software. For this purpose the dealer of the
company make a training station for worker .Where proper knowledge and training regarding the
Tally accounting software is not useful to make an online filing of document which wants to
be filed with tax department. Busy accounting software is liable to make an online filing of tax
The sole owner not likes to change the accounting software which they already use in business.
There are fewer people who like to change the accounting software.
Chapter 4
On the basis of the above research and analysis I come on the conclusion that every
accounting software make an important part in business and the function which are
performed by the software is also arranged by the companies who made this software is good
and they think on every business man which they want and which not. Firstly when any owner
starts his business he wants to take a decision to select the accounting software which is useful for
his business. Some accounting software company give the facility to customize the
accounting software in owner point of view but the cost of customization is much more than
selecting the any other software. It is also depending upon the owners on how much big business he
has. If there is a small scale business than they have so much potion to select the software such as
Tally, Busy etc. if there is medium or large scale business than they can use any of this software such
as S.A.P., Tally, Busy etc. because now days this accounting software provide the good service to each
The following guidance to the owner when they select the software
1. Make a need analysis and define your budget. First you should make a wish list, where you can
mention the needs of your organization and you can define your budget. You can get a wide range
of choices in your limited budget and you can even buy expensive highly featured accounting
about the main features of the package, which should be present in an accounting package to
meet your business requirements. You may even contact a consultant to get accurate reviews of
3. There are many types of accounting software available in market and if you own a small
business, you should buy accounting package that provides solution for small businesses
but main features such as bookkeeping or record creations, should be done at a high speed. If
your
organization has small units at many geographical locations, you may need web enabled software.
4. There are solutions, which provides add-on features to allow specialized data entry and
limited cost.
5. If you need a large database, then you should buy the accounting software, which can keep
huge records and you shouldn't buy cheap accounting solution, which may require
8. You can buy industry specific accounting software and you can search on internet to
9. You should buy reliable accounting software that has many years of experience or has a steady
client base.
10. You can talk to your business partners and consultants to decide about the features of your
accounting package. You can search for software that fulfils basic needs of your organization at a low
price. You can get many low cost robust accounting systems, which fulfils your basic requirements.
11. You can even buy accounting software-as-a-solution (SaaS)to get immediate and less
expensive solution. SaaS provides solutions at a low price, where you can prevent expenses on
Tally SAP
Basis
Customer Relationship
Management
software
Best suitable
BUSY is a business accounting software used by Micro, Small and Medium businesses
worldwide. With over 1,00,000 installations (over 5 Lac Users) worldwide, BUSY is one
Busy Or Tally Some of the things you need to know before making a choice between
account ledgers
2 Auto Round Off in Not available in Tally ( help in smooth accounting &
BIBLIOGRAPHY
Websites
Wikipedia, the free encyclopaedia
http://www.cubit.co.za/
http://www.SAP.com
http://www.tallysolutions.com
http://www.busy.in
http://www.nickmutt.com/