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General journal entries are transactions that you use to track general expenses. You would enter a general journal adjustment in an accounting package for a special situation only.

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Q: When would you enter a general journal adjustments in an accounting package?
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What are the features of accounting?

tally is an accounting package, and it is more accurate and reliable


What are the basics an accounting package should include?

An accounting package is necessary for keeping track of all of your company's financial transactions. Common features in an accounting package include Accounts Payable, Accounts Receivable, Billing, Purchase Orders, Sales Orders, and more. Depending on what type of company you are running, you may need more extensive features in your accounting package.


What are the characteristics of a good accounting package?

There are several characteristics in determining a 'good' accounting package, they usually relate to the application, business or use intended for it. Here are some general characteristics: >Easy to use >Can import bank transactions >can generate standard reports >will factor in tax (if applicable) >you can export the data to excel or other packages.


Computerized accounting package?

Computerized accounting packages are those packages which perform all accounting transactions automatically and not each transaction or process is need to be done manually and all processes are automated due to which there is less chances of errors as all information is managed automatically.


What are the most popular accounting software packages?

Some of the most popular accounting packages on the market today include, Lower End options, which is a very affordable package. Sage One, especially designed for small businesses. And Quick Books, which is the market leader in entry level accounting.

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An accounting package is necessary for keeping track of all of your company's financial transactions. Common features in an accounting package include Accounts Payable, Accounts Receivable, Billing, Purchase Orders, Sales Orders, and more. Depending on what type of company you are running, you may need more extensive features in your accounting package.


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There are many places one might go to purchase an accounting package. In addition to one's local accounting firm, one might also try purchasing from the Amazon website.


Differentiate bespoke software from generic software?

Generic software is developed to meet the needs of a broad general market such as an accounting package that covers all the general aspects of accounting and can be sold in the mass market. A bespoke development will be a one-off that meets the particular needs specified by the individual client.


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Where could one get a Sage accounting package?

When one is looking to find a Sage accounting package, these are available online to work from through various websites such as the official sage of sage and the site sage one also provides users with the account package.


How a general-purpose application package is different from a specialized application package?

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Is there any accounting package that has currency converter?

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