Computerized Accounting Systems

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Computerized Accounting Systems

• The new ways we
• PLAY with money.

2
10 steps for choosing the right software

• Become knowledgeable
• Make lists
• Eliminate the poor choices
• Evaluate product features
• Visit internet sites

• Read brochures
• Preview a demo at a retailer
• Gain some hands-on experience
• Call references
• Make a decision

3
Cost of Software

• The actual price of the software is not really
  relevant.
• The REAL COST of accounting software is the time
  required to get it up and running AND the time
  required to implement manual work if you have to
  compensate for missing features and reports.  

4
QuickBooks

• Adaptable to all types of businesses
• Save time on all tasks
• See the big picture at a glance
• Get it right the 1st time, every time
• Easy to learn use
• Inexpensive to purchase
• 1 rated recommended software

5
Advantages of Online Bill Pay

• No need for checks, envelopes or costly stamps.
• It can result in faster deposits and postings of
  payments reducing late fees.
• Bill payment is possible 24 hours a day, seven
  days a week from anywhere that has internet
  access.

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Advantages of Online Bill Pay

• Credit card payments may be possible.
• It reduces the number of over- and under-payments
  because it is in real time.
• Most electronic checking transfers are free
  transactions.

7
Advantages of Online Bill Pay

• Set up one-time or recurring payments days,
  weeks, or even months in advance.
• Get email alerts to manage your payments.
• Track your expenses with personalized reports.

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Online Payment Types

• Debit Cards
• Credit Cards
• PayPal

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Advantages of Debit Cards

• Payment taken directly from a bank account
• Like writing a check online
• Prevents you from spending money you dont have,
  which is sometimes a problem with credit cards

10
Advantages of Credit Cards

• Account Protection/Safe way to pay
• Only 50 liability for an unauthorized charge.
• Can help in a dispute regarding an item
• Items are not paid for when billed to your card
  (if you have not paid yet)
• Money Savings
• Earn interest on money in your bank account while
  carrying the balance on your card

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Advantages of PayPal

• Combines the best of both previous options.
• You can identify a bank account or credit card
  for your PayPal account to access
• Enables any individual or business with an email
  address to securely, easily and quickly send and
  receive payments online.
• World's most advanced proprietary fraud
  prevention systems to create a safe,
  global,real-time payment solution.

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Whats in the future?