IWP Project Details
Project Id - 34
Group Members -

1. 17BCB0094 Saksham Saini
   
2. 17BCE2410 Maniar Kunj
   
3. 17BCE2420 Bhuvnesh Pratap Singh
   

Project details:
Software Architecture -------- MVC
Application method ---------- CRUD
Templating engine ----------- hbs
Backend Web Framework ---- Expressjs
Databse --------------------- MongoDB

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The objective of this project is to provide views on how to improve the accounting systems ofthe small enterprises so that they can provide the owners/managers with appropriate financialinformation. This can be achieved through the identification and exchange of views in thearea of accounting systems of small enterprises.
As a result of the project, descriptions of accounting systems, guidance and good practices inthe accounting area for small enterprises will be delivered. To accumulate theoreticalknowledge with practical experience. To address and understand accounting procedures of acompany. To recommend some issues regarding accounting system of the company

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The accounting systems in place for small enterprises vary a lot. There are cases when thereare no accounting requirements at all and cases where the accounting requirements arerelatively strict for small enterprises. However, in practical terms, all small enterprises willneed to keep some kind of financial records in order to keep financial control over theirbusinesses. This report summarizes the likely accounting systems from the point of view ofsmall enterprises and identifies some good practices on how to improve the accountingsystems for small enterprises. The objective of this report is to provide views on how toimprove the accounting systems so that they can provide the owners/managers of the smallenterprises with appropriate financial information. The aim is not to add to regulation but toidentify good practices which small enterprises may consider before deciding on anappropriate accounting system. However, these recommendations are in no way intended toencroach upon the sovereignty accounting matters.

Accounting Information System is an integration of various sub-systems such as:
(i) cash sub-system,
(ii) sales and accounts receivable sub-system,
(iii) inventory sub-system,
(iv) purchase and accounts payable sub-system,
(v) payroll accounting sub-system,
(vi) fixedasset accounting sub-system,
(vii) expense accounting sub-system,
(viii) tax accounting sub-system,
(ix) final accounts sub-system,
(x) costing sub-system,
(xi) budget sub-system,
(xii)management information sub-system