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Home / News / Career News / Popular tech products that Chartered Accountants should know about
  • Career

    Popular tech products that Chartered Accountants should know about

    Ramya Patelkhana
    Written by
    Ramya Patelkhana
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    Last updated on May 05, 2020, 03:00 am
    Popular tech products that Chartered Accountants should know about
  • In India, Chartered Accountancy (CA) is one of the most respected professional courses. It is a three-level program offered by the Institute of Chartered Accountants of India.

    CA is a dream profession for many and is quite rewarding too. However, in order to be successful, there are some software programs that CA professionals should learn.

    Here are five popular tech products for CAs.

  • In this article
    Tally is one of the most commonly used accounting software MS Excel and other Microsoft tools Busy is a leading business accounting software SAP is also useful for Chartered Accountants #5: QuickBooks is another software CAs should know about
  • #1

    Tally is one of the most commonly used accounting software

    Tally is one of the most commonly used accounting software
    Credits:
  • Tally is one of the most commonly used accounting software. Getting a good grip on it will help CA professionals a lot.

    It is used for various purposes like performing basic accounting functions, managing payrolls, inventory management, maintaining cash inflows and outflows, filing tax returns, preparing balance sheets, managing profit and loss statements, budget scenario management, synchronizing and managing data from different locations, etc.

  • #2

    MS Excel and other Microsoft tools

    MS Excel and other Microsoft tools
  • For CA professionals, learning about the Microsoft Excel spreadsheet software is necessary.

    Excel is designed for recording and analyzing numbers/data, and mastering it can help CAs in a number of ways. They should know how to use Excel for analytics, accounting, financial management, calculating taxes, formulas, and other purposes.

    They should also have knowledge of other Microsoft tools like MS Word and PowerPoint.

  • #3

    Busy is a leading business accounting software

    Busy is a leading business accounting software
    Credits:
  • Busy is another leading business accounting software in India that CA professionals should learn about.

    It has three different variants: Basic, Standard, and Enterprise. Some important features of the accounting software's Enterprise version are financial accounting (supports multiple currencies), inventory management (for multiple locations), multi-branch management, financial management, taxation management, TDS and TCS, GST invoicing and reports, payroll management, analytics, etc.

  • #4

    SAP is also useful for Chartered Accountants

    SAP is also useful for Chartered Accountants
  • SAP ERP, which is an enterprise resource planning software that incorporates key business functions, is another software useful for Chartered Accountants.

    SAP ERP offers different modules. For CAs involved in financial accounting, costing, taxation, statutory reporting, etc. the most relevant modules are FI (Financial Accounting) and CO (Controlling/Management Accounting) - these are also commonly referred to as SAP FICO.

  • Information

    #5: QuickBooks is another software CAs should know about

  • QuickBooks is another good accounting software CAs can learn about. It is developed by American business and financial software company Intuit. It helps in managing multiple clients and their accounts, creating invoices, payroll management, managing expenses and cashflows, viewing profits/losses, maintaining financial transaction records, etc.

  • India
  • Microsoft
  • GST
  • TCS
  • Microsoft Excel
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