Visual basic for applications is well suited for almost all the tasks relating to Financial accounting and Reporting.
Visual basic for application is of great help and assistance to accountants. Several tasks that are to be performed in excel can be easily programmed and automated with the help of Visual basic for applications.
As a part of job, an accountant needs to charge various expenses, such as, general and administrative expenses to different divisions or departments. These activities will be easy and smooth if they are done through Microsoft VBA – Visual basic for application. Similarly, receipts and payments can be effectively maintained with the help of visual basic for applications.
Though Microsoft excel offers lots of tools and functions, applying vba is more advantageous. It not only automates the process but it also saves time, efforts and energy. Those who have a good command of using VBA can automate various accounting tasks and responsibilities.
For example, it is one of the duties of an accountant to charge the bills, such as, petrol or oil consumption bills,telephone expense, airway bills or others etc to various departments. Since these kinds of activities need to be done regularly and repeatedly, one may get tedious. Thus, Visual basic for application - VBA is a great way to make the task smoother and easier.
Once the programs or codes are written. rest of the things, such as, printing reports as per the charges being listed and generating financial entries accordingly will be taken care by Visual basic for application - VBA. It thus makes the whole process of these related accounting tasks easier while saving your time and efforts to a greater extent.
Evidences reveal that there are accountants who have made their repetitive chores effortless and smooth. It thus can be said that Microsoft VBA is a valuable tool in the hands of accounting professionals to make use of it in an effective and efficient manner in order to perform various accounting tasks and responsibilities. The functions of VBA are not confined to some specific tasks of accounting, but it can also be used for more advanced level of tasks pertaining to business analysis and financial reporting and analysis.
K. A. Fareed (Fareed Siddiqui)
Writer, Trainer, Author, Software Developer
BBA, MBA-Finance, MPhil-Financial Management, (PhD-Management)
Level 1 - Leadership and Management ILM – UK
Pursuing CMA- USA
Individual Member of Institute of Management Consultants of India
There are several software modules available for financial reporting. The objective behind the development of software modules of financial reporting is to facilitate users in the overall process of financial accounting and reporting to a great extent.
If anybody ever tells you that accounting is too simple, just ask him to tell you the difference between capital and current expenditure. In its full complexity, the question is and will always remain worth an argument.
IMF forecasts the growth of Indian economy in context of the recent structural reforms undertaken by the Govt. of India.