Partnership accounting system

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Sathiya Valaiyapathy (Querist)
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26 December 2013 I'm working in a 5 Year old partnership firm. for the past years they entered the transactions informally in Excel sheets. Roughly estimated the profit and losses and shared as per the ratio. Last month i have joined as a financial analyst in this company. Really worried about this accounting system. Now i don't know how to continue this system. Please give me an idea ... how can i develop the partnership accounts system?

TRINATH

TRINATH (Expert)
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26 December 2013 hi,

no problem just watch what is going on the firm u can able ti set right all those things and if u have clarity u can do.

Tnks

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@VaibhavJ

@VaibhavJ (Expert)
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26 December 2013 Hi

You can use better accounting software to have control & standardisation.

You may begin with Tally

Thanks//VaibhavJ

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