Scope of management accounting

The scope of management accounting includes: Formation, installation and operation of accounting, tax accounting and information systems. Management accountant has to construct and re-construct these systems to meet the changing needs of management functions; The compilation and preservation of vital data for management planning. The management accountant presents the past data in such a way as to reflect the trends of events to the management; Providing means of communicating management plans to the various levels of organization. This, on the one hand, ensures the coordination of various segments of the enterprise plans and on the other hand defines the role of individual segments in the whole plan and assists the management in directing their activities; Providing and installing an effective system of feedback reports. This would enable the management in its controlling function. By pinpointing the significant deviations between actual expected activities and by adhering to the principles of selectivity and relevance, such reports help in the installation and operation of the system of “management by exception”. Analyzing and interpreting accounting and other data to make, understandable and usable to the management. It is only through such analysis and clarification that the management is enabled to place the various data and figures in proper perspective in the performance of its functions. Such analysis assists management in the location of responsibilities and to effect necessary changes in the organizational set up in order to achieve the objectives of the enterprises in a more efficient manner. Assisting the management in decision making by (a) providing relevant accounting and other data and (b) analyzing the effect of alternative proposals on the profits and position of the enterprise; Providing methods and techniques for evaluating performance of the management in the light of the objectives of the enterprise, thus assisting in the implementation of the principle: “Management by objectives”. Improving, modifying and sharpening the effectiveness of the existing techniques of analysis. The management accountant would always think of increasing the practicability of existing techniques. He should be on the look-out of the development of new techniques as well.

In the hands of management, management accounting serves not only as a tool; however, it also provides for a technique evaluating the performance of the management itself. It operates as a double edged sword assisting the management in proper performance of its functions in planning, decision making and control, and at the same time, enabling the owners and other interested parties to evaluate and appraise the management of the enterprise.

Rent Billing Management Software (1)

The Rent Billing Software is for the maintenance and management of the buildings,property and its tenants.

The rent billing Software has the property master where you can define your property
from where the rent has to be collected.

After defining the property , here comes the tenants master where you have to feed the tenants name
and the tenants allocation space in the property vis a vis its floor, area, class and number and the details and bifurcation of the rent i.e. Basic rent, municipal taxes, repairs and cess, common facilities,
security salary etc.

The rent billing software is automatic in the sense after feeding the whole tenants details regarding its basic rent, repairs in the tenants master the software removes the print bills itself without entering the data entry of the bills of that particular tenants in that specific month.

To print the bills for some specific period go to print Bills and there by specify Date of the bill and from which to which i.e. the duration period.the print bills will generate the records and it will get debited to the tenants ledger accounts and the bill will get print

After making the payment of the bill, go to the receipt button on the main menu to generate the receipt of the bill of that particular tenant.

Besides, rent billing there are other bills like water bills and other charges bills for which separate data entry has to be passed.

It has the accounts in build where u can data feed the receipts from your tenants in the receipt voucher and automatically your cash or bank account will get debited

The outstanding balance of the tenants are shown in their ledgers against there bills and receipts entries. The Rent Billing software is fully automatic the rest of the entries in making the rent bills are been picked up when one is creating the tenants masters so one has not to take any pains in entering the rent billing vouchers and this is readymade software. One can make this software as customized too to fulfill there own requirements and needs.

The rent management software or the property management software is user friendly and works on all the platforms it is a multi user software and there are the tools to create as many users in the software as well as financial periods and organizations too.

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