Paper Title
ISSUES/CHALLENGES FACED BY SOLE TRADERS WHILE USING ACCOUNTING SOFTWARE
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Abstract
Today's world is a world of Business and Accounting is a language of Business. Accounting is a process of recording, analyzing and reporting of all financial information systematically. Accounting can give clear picture of profit, loss, incomes, expenses, assets and liabilities of a concern. Initially Accounting function was performed manually by Accountants, by preparing Journal, Ledger, Trial Balance and Final Accounts, in order to calculate profit or loss. But Manual accounting was a tedious task and time consuming, as the number of transactions in a business are many, so to pass each and every entry again and again and store the records of same was becoming difficult for a concern. To overcome the difficulties of Manual accounting, the concept of Accounting Software was introduced. Accounting software is a computer program which helps accountants in recording, analyzing and generating reports of financial transactions of the business. Accounting software makes accounting easy and quick and less office space is required as all details are stored in computer. But it has been observed that many Sole Traders are still not using accounting software, they are continuing traditional manual accounting. In this Article, the study is conducted to find out the issues and challenges that are faced by sole traders when they tried to use accounting software. And to provide suggestions for the betterment and growth of sole traders.
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How To Cite (APA)
Dr. Sanjivkumar S. Agrawal & Sangeeta J. Jagia (May-2024). ISSUES/CHALLENGES FACED BY SOLE TRADERS WHILE USING ACCOUNTING SOFTWARE. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(5), 232-236. https://ijnrd.org/papers/IJNRDC001033.pdf
Issue
Volume 9 Issue 5, May-2024
Pages : 232-236
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Paper Reg. ID: IJNRD_220894
Published Paper Id: IJNRDC001033
Downloads: 000122255
Research Area: Engineering
Author Type: Indian Author
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRDC001033.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRDC001033
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