DESIGN AND IMPLEMENTATION OF A COMPUTERIZED ACCOUNTS RECEIVABLE SYSTEM. A RESEARCH PROJECT MATERIAL ON COMPUTER SCIENCE
This project work would mainly focus on the account receivable system, which is an important aspect of accounting system of an organization.
It is the manual accounts receivable system of the organization in question that would be used as a bedrock to computerize the account receivable system and various transaction that are involved n accounting.
The basic interest of this work is to illustrate what accounts receivable is all about and how its various transaction problem could be manipulated and solved using the computer. This illustration would involved the staffs easy understanding of the computer program documentation as well as using them to effect account receivable problem variations.
A basic program is being written and run to explain how the account receivable transactions are being carried out.
This project involves some interactive means of recording, progressing, accessing and retrieval of accounts receivable information in an organization.
1.1 BACKGROUND OF THE STUDY
Account receivable is a broad aspect in the banking or business sectors and it is mostly concerned with timing and measurement. Account receivable implies the issue of timing and measurement. In most receivable transaction, the account to be recognized is the exchange price between the two panties that is the purchaser and the collector; the exchange price therefore, is the amount for the debtor (a customer or a borrower) and is generally evidenced by some type of business document after an invoice. There are two factors that may complicate the measurement of the prices; these includes:
1. The length of time between the sale and due date of payment.
2. Availability of discount.
This project work will focus mainly because of receivable, the different problems facing account receivable and how such problems can be saved. Emphasis will be equipped much on how these account receivable could be computerized because the computer is expected to show the level of importance.