IWP Project Details
Project Id - 34
Group Members -
- 17BCB0094 Saksham Saini
- 17BCE2410 Maniar Kunj
- 17BCE2420 Bhuvnesh Pratap Singh
Project details:
Software Architecture -------- MVC
Application method ---------- CRUD
Templating engine ----------- hbs
Backend Web Framework ---- Expressjs
Databse --------------------- MongoDB
The objective of this project is to provide views on how to improve the accounting systems of the small enterprises so that they can provide the owners/managers with appropriate financial information. This can be achieved through the identification and exchange of views in the area of accounting systems of small enterprises.
As a result of the project, descriptions of accounting systems, guidance and good practices in the accounting area for small enterprises will be delivered. To accumulate theoretical knowledge with practical experience. To address and understand accounting procedures of a company. To recommend some issues regarding accounting system of the company
The accounting systems in place for small enterprises vary a lot. There are cases when there are no accounting requirements at all and cases where the accounting requirements are relatively strict for small enterprises. However, in practical terms, all small enterprises will need to keep some kind of financial records in order to keep financial control over their businesses. This report summarizes the likely accounting systems from the point of view of small enterprises and identifies some good practices on how to improve the accounting systems for small enterprises. The objective of this report is to provide views on how to improve the accounting systems so that they can provide the owners/managers of the small enterprises with appropriate financial information. The aim is not to add to regulation but to identify good practices which small enterprises may consider before deciding on an appropriate accounting system. However, these recommendations are in no way intended to encroach upon the sovereignty accounting matters.
Accounting Information System is an integration of various sub-systems such as:
(i) cash sub-system,
(ii) sales and accounts receivable sub-system,
(iii) inventory sub-system,
(iv) purchase and accounts payable sub-system,
(v) payroll accounting sub-system,
(vi) fixed asset accounting sub-system,
(vii) expense accounting sub-system,
(viii) tax accounting sub- system,
(ix) final accounts sub-system,
(x) costing sub-system,
(xi) budget sub-system,
(xii) management information sub-system