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Hello, I am new to accounting and wanted to ask
Firstly, I’m not the “Best” or the greatest accountant, I work and try very hard but I am slow compared to others. I like using T accounts. (as I find its easier for me to understand)
But I find it hard to apply and use my knowledge when using ACTUAL computerised accounting on PC.
Do you have any advice? I get confused when dealing with Reversing entries, and the work and structure of accounting software.
Thank You very much
The problem is that all accounting software packages are different and so it is impossible for me to give you an easy answer.
Some packages are more like t-accounts, but most try to make the interface easier so that knowledge of t-accounts is not required.However, all decent software should have the facility to make journal entries for reversing entries etc where necessary.
When I first started using accounting software (I trained as an accountant before desktop PCs existed and so was only used to manual accounting) was to play with entries both on the computer and on paper, so as to teach myself exactly what is was the software was doing.
Even now, if I have to enter a very unusual transaction (which is not these days very often) I sometimes do it on paper first so that I can check that I am entering it correctly in the software.
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