Accounting software | EPFL Graph Search

Are you an EPFL student looking for a semester project?

Work with us on data science and visualisation projects, and deploy your project as an app on top of GraphSearch.

Accounting software is a computer program that maintains account books on computers, including recording transactions and account balances. It may depends on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and prepare financial reporting. The first accounting software was introduced in 1978. Since then, the accounting software has revolutionized from supporting basic accounting operations to performing real-time accounting and supporting financial processing and reporting. Cloud accounting software was first introduced in 2011, and it allowed to perform all accounting functions through the internet. Accounting software is typically composed of various modules, with different sections dealing with particular areas of accounting. Among the most common are: Core modules Accounts receivable—where the company enters money received Accounts payable—where the company enters its bills and pays money it owes General ledger—the company's "books" Billing—where the company produces invoices to clients/customers Stock/inventory—where the company keeps control of its inventory Purchase order—where the company orders inventory Sales order—where the company records customer orders for the supply of inventory Bookkeeping—where the company records collection and payment Financial close management — where accounting teams verify and adjust account balances at the end of a designated time period Non-core modules Debt collection—where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable) Electronic payment processing Expense—where employee business-related expenses are entered Inquiries—where the company looks up information on screen without any edits or additions Payroll—where the company tracks salary, wages, and related taxes Reports—where the company prints out data Timesheet—where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients Purchase requisition—where requests for purchase orders are made, approved and tracked Reconciliation—compares records from parties at both sides of transactions for consistency Drill down Journals Departmental accounting Support for value added taxation Calculation of statutory holdback Late payment reminders Bank feed integration Document attachment system Document/Journal approval system Note that vendors may use differing names for these modules.

About this result

This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Related publications (19)

Related concepts (4)

Related courses (1)

Related lectures (7)

Dynamic power budget redistribution under a power cap on multi-application environments

Luis Maria Costero Valero

We present a two-level implementation of an infrastructure that allows performance maximization under a power-cap on multi-application environments with minimal user intervention. At the application level, we integrate BAR (Power Budget-Aware Runtime Sched ...

ELSEVIER2023

When designed and operated adequately, natural ventilation (NV) can improve the buildings' energy efficiency and indoor environmental quality. There is a plethora of factors that limit the effectiveness of NV, such as the climate, surrounding buildings, no ...

AMER SOC HEATING, REFRIGERATING AND AIR-CONDITIONING ENGS2022

Probabilistic Learning of Torque Controllers from Kinematic and Force Constraints

Sylvain Calinon

When learning skills from demonstrations, one is often required to think in advance about the appropriate task representation (usually in either operational or configuration spaces). We here propose a probabilistic approach for simultaneously learning and ...

2018

Accounts receivable

Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. The accounts receivable process involves customer onboarding, invoicing, collections, deductions, exception management, and finally, cash posting after the payment is collected. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.

Bookkeeping

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems.

Enterprise software

Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, clubs, charities, and governments. Enterprise software is an integral part of a computer-based information system. Enterprise software handles a number of operations in an organization, for example to enhance the business and management reporting tasks, or support production operations and back-office.

The Accounting Equation: Assets = Liabilities + Owners' Equity FIN-411: Accounting for finance

Explains the accounting equation: assets equal liabilities plus owners' equity, using practical examples from JJ's Lawn Care Service.

Triple-Entry Accounting: Blockchain Implementation FIN-413: Financial applications of blockchains and distributed ledgers

Explores Triple-Entry Accounting (TEA) as a blockchain solution to accounting challenges, offering increased data integrity and automation.

ServiceNow: Lists Configuration

Covers the configuration of lists in ServiceNow, including setting up guided tools and managing system security.

FIN-411: Accounting for finance

The objective of the course is to provide participants with accounting mechanisms for understanding and anaalyzing the financial statements of a company.