Question

write the stages of automation ​

Answer 1

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☞stages for automotion

i. Planning: Under this stage the assessment of size, and business transactions is done for which automation has to be made.

ii. Selection of Accounting Software: As there are many accounting softwares available in the market. So, in this stage appropriate accounting software is to be selected according to company’s need.

iii. Selection of Accounting Hardware: Under this stage of automation the computer hardware is selected. The hardware should be such that can fullfill the accountingrequirement and support the accounting software.

iv. Chart of Accounts: Under this stage list of required heads of accounts is prepared.

v. Grouping of Accounts: There are various transactions for Expenses, Income, Assets, Liabilities. All these transactions cannot be shown directly. So, these transactions aregrouped as salary, wages, discount and commission etc.

vi. Generation of Reports: This is final stage of automation under this final reports are prepared in from of Cash Book, Journal, Ledger, Trial Balance, P&L A/c and Balance Sheetetc.

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