Computerised Accounting with
GST
A Computerised Accounting System is an Accounting
Information System that processes the financial
transactions and events as per Generally Accepted
Accounting Principles (GAAP) to produce reports as
per user requirements.
Working of Accounting Software :
• Computerised Accounting Systems are based on the
concept of database. A database is implemented using
a database management system, which is define by a
set of computer programs (or software) that manage
and organise data effectively and provide access to the
stored data by the application programs. The
Computerised Accounting the transaction data is
stored in well-organised database. The user operates
on such database using the required and desired
interface and also takes the desired reports by suitable
transformations of stored data into information.
Introduction to Base
• Base is a Relational Database Management
Software(RDBMS). . In RDBMS data is stored in
the most simple and versatile structure i.e
table.
• To start base, Install Libreoffice from it's official website and click on
start
Start > All programs > Libreoffice >Libreoffice Base.
A database wizard will be started. To create new database user have to
select 'Create a new Database and click on 'Next' button. In 'Save
and Proceed' step click on 'Finish'. A 'Save
•
As' window will appear on the screen, select locationto save
the database
• >Type name for database in 'File Name'
• box then click on 'Save' button.
• By default extension of Base file is '.odb'.
• Screen of Base consist of following parts :
• Title Bar : It consist of three buttons on right corner as
minimize, maximize/ restore and close.
• Menu Bar : It is present below Title bar. It displays names of
different menus as File, Edit, View, Insert,
• Standard Tool Bar : Standard tool bar consist of different icons
which are used for standard operations (regularly repeating
operations) like opening a new document, saving a document,
printing a document, cut, copy, paste, undo, redo and many
more.
Tally Flash Screen
GNUKhata Flash Screen
GNUKhata is one of the tools developed by KK’s foundation. Like some other
fairly innovative Indian FOSS products, GNUKhata probably hasn’t been
sufficiently noticed in the land it was born in. But it is making impressive
progress now. From cash flow statements to profit and loss and balance
sheets, GNUKhata can do it all. This software helps you keep track of your
inventory
LedgerSMB Flash Screen
A powerful yet simple open source
accounting solution. It has been tailored to
small and medium sized businesses.
Starting from managing invoices to
inventory – you also get the ability to
translate (up to 45 languages supported).
GNUCash Flash Screen
GnuCash is personal and small-business
financial-accounting software, freely
licensed under the GNU GPL and available
for GNU/Linux, BSD, Solaris, Mac OS X
and Microsoft Windows. It is designed to
be easy to use, yet powerful and flexible.
GnuCash allows you to track bank
accounts, stocks, income and expenses.
As quick and instinctive to use as a
checkbook register, it is based on
professional accounting principles to
ensure balanced books and accurate
reports.
Akaunting Flash Screen
Akaunting :
Akaunting is an interesting online
accounting software that’s available for
free. Ranging from invoicing to managing
deposits and transfers it has a whole lot of
features. It’s fit for both personal and
enterprise needs.
Important Concepts under GST :
• GST : GST stands for Goods and Services Tax. France was the first country to
implement the GST in 1954, and since then an estimated 160 countries have
adopted this tax system. GST is an Indirect Tax which has replaced many Indirect
Taxes in India. In India the GST Act came into effect on 1st July 2017. The GST
replaced existing multiple taxes levied by the central and state governments. GST
is one nation, one tax, one market.
• Goods: Means every kind of movable property other than money and securities.
• Services: These are the activities provided by other people, who include doctors,
lawn care workers, dentists, barbers, waiters, online servers, consultants,
chartered accountants.
• Tax: A compulsory contribution to state revenue, levied by the government
GSTIN :
• Goods and Services Tax Identification Number
(GSTIN) is the registration number allotted to
every registered dealer under GST Act. The
GSTIN is a 15 digit PAN based registration
number. You may register multiple businesses
under the same PAN registration, provided
they are all within the same state. Structure of
GSTIN is as under-
• HSN Code :
• HSN stands for Harmonized System of Nomenclature, is an
internationally accepted coding system developed by World
Customs Organisation (WCO) with the vision of classifying
goods all over the world in a systematic and logical manner.
• SAC :
• SAC stands for Services Accounting Code, which is issued by
CBEC(Central Board of Excise and Customs) to uniformly
classify each service under GST. Each service has a unique
SAC.
