Management of account receivable and accounts payable through software in the Daily Star

Abstract

This report provides information on management of accounts receivables and payables through software in the daily star and the use of software automated report to understand payment and receivables of the organization. In the report different expense and revenue vouchers are used which organization uses to record their transactions. The vouchers create different reports to support organization collection and payment procedure fast and easy. Revenue collections are recorded through credit vouchers and expense payments are recorded through debit vouchers in the software. Circulation of newspaper, Daily Star café, Anandadhara recording are not recorded in detail in the software. Microsoft Excel is used to have record and monthly information is recorded in the software. Discrepancy in writing money receipts from the software is a common factor which leads to problems in management through software. Updating the software is needed so that detail recording of transactions in software is possible, this can make the receivable and payable management easier and faster. Increase in workforce and cooperation between the staff can be helpful for the proper use of the software. The report also consider the fact that it has some limitations in presenting management of receivables and payables through the software as I have limited access to the software, internship period was very less time to understand a organization in detail and the report is made only focusing on expense and revenue related transactions.