I have a question regarding accounting using a computerized system?

Question

1. When a company computerizes customer order entry, what equivalent special journal type must be programmed into such an electronic system?

2. When a company computerizes inventory management (which involves more timely ordering of new merchandise), what special journal type must be programmed into such an electronic system?

Answer 1

1. Well, it's pretty much a sales journal & the cash receipt journal (for cash sales).

Yet a good system would also linked it to the inventory module and therefore a purchase journal should also be interfaced (especially for trading companies).

2. Ok, so this is the Purchase journal that I'm talking about above, plus the cash disbursement journal for payments to your vendor on your purchases.