CHAPTER ONE
INTRODUCTION
1.1 Background To The Study
Pastel evolution is an accounting software package which originates from south Africa and was developed by SoftLine Pastel since 1989.It is widely used in industries .Pastel runs on Windows 2000 Pro;Windows XP Pro;Microsoft operating systems: Windows Vista; Windows 7;Windows 8.1;Windows 10;Windows Server 2008 R2 ,Server 2000;Server 2003;.Pastel Accounting packages include pastel accounting start up for basic small business bookkeeping requirements, Pastel My Business; which is used for invoicing, bank transactions and basic expenses. And Pastel Payroll Business Partner. Sage One Accounting has been designed for Keeping track sales, purchases, inventory, customers, suppliers and cash movements Sage Pastel Xpress Advantage software possesses such Features as General ledger, inventory, and Microsoft® integration. Customer, supplier, tax and cash book processing. Financial and tax reports (drill down functionality),Cost codes,Stocktake and re-order assistants, Automatic bank feeds with Bank Manager, Sage Pastel Intelligence Reporting allows for flexible Excel-based financial reporting. Sage Pastel Partner Advantage; Sage Pastel Partner Advantage has Built-in tools such as intelligent reporting, automated bank feeds and mobility which provides real-time accurate information. Features include; General ledger, inventory, and Microsoft integration. Customer, supplier, tax and cash book processing, Financial and tax reports (drill down functionality), Cost codes, Stock take and re-order assistants, Automatic bank feeds with Bank Manager, Sage Pastel BIC allows for flexible Excel-based financial reporting. Sage Pastel Evolution Standard is an Enterprise Resource Planning software system that gives you the ability to control your financial situation Features include: General ledger and cash book. Accounts receivable and payable, Inventory control and invoicing, Import cost allocations, Project tracking, Sales and purchase order entry, Report writer and stationery customization. Sage Pastel Payroll ;HR and Payroll Software; offers simple, accurate and secure payroll software processing all the payroll transactions . The research therefore intends to investigate the efficiency of Pastel evolution in the collection of tuition fees. A case study of federal polytechnic oko .
1.2 Statement of the Problem
The rapid growth of information technology and automation has affect business and accounting processes providing on-line support to accounting, payroll , financial and management need of our institution. The benefits include accuracy of information, speed of processing data, efficient handling of payment processes and payroll support. It has revolutionized the entire business processes more efficient and cost effective. Pastel accounting software embraces a wide variety of accounting software to meet various aspect of accounting, financial and business processes of institutions. However many institution are still not up to date with technological innovations such as accounting soft wares of this nature to easy their accounting, financial and management processes. Consequently this institutions lack behind with the ability to provide accurate accounting information, records and management informations.As result hugh financial losses occur in the process as well as organization retrogression in the face of challenging business environment. The problem confronting the business is to determine the efficiency of Pastel evolution in the collection of tuition fees. A case study of federal polytechnic oko
1.3 Objectives of the Study
To determine the nature and significance of pastel evolution To The efficiency of Pastel evolution in the collection of tuition fees. A case study of federal polytechnic oko
1.4 Research Questions
What is pastel evolution? What is the efficiency of Pastel evolution in the collection of tuition fees? A case study of federal polytechnic oko
1.5 Significance of the Study
The study shall explore the efficiency of Pastel evolution in the collection of tuition fees. A case study of federal polytechnic oko Pastel accounting software embraces a wide variety of accounting software to meet various aspect of accounting, financial and business processes of institutions. It shall also serve as a veritable source of information to Accountants, managers, and other professionals.
1.6 Research Hypothesis
Ho The level of efficiency of the application of Pastel evolution in the collection of tuition fees in federal polytechnic oko is low
Ho The level of efficiency of the application of Pastel evolution in the collection of tuition fees in federal polytechnic oko is high 1.7 Scope of the Study
The study focuses on the appraisal of the efficiency of Pastel evolution in the collection of tuition fees. A case study of federal polytechnic oko
1.8 Limitations of the Study
The study was confronted by some constraints including geographical factor and logistics.
1.9 Definition of Terms
Pastel evolution is an accounting software package which originates from south Africa and was developed by SoftLine Pastel since 1989.It is widely used in industries .Pastel runs on Windows 2000 Pro;Windows XP Pro;Microsoft operating systems: Windows Vista; Windows 7;Windows 8.1;Windows 10;Windows Server 2008 R2 ,Server 2000;Server 2003;.Pastel Accounting packages include pastel accounting start up for basic small business bookkeeping requirements, Pastel My Business; which is used for invoicing, bank transactions and basic expenses. And Pastel Payroll Business Partner. Sage One Accounting has been designed for Keeping track of sales, purchases, inventory, customers, suppliers and cash movements Sage Pastel Xpress Advantage software possesses such Features as General ledger, inventory, and Microsoft® integration. Customer, supplier, tax and cash book processing. Financial and tax reports (drill down functionality),Cost codes,Stocktake and re-order assistants, Automatic bank feeds with Bank Manager, Sage Pastel Intelligence Reporting allows for flexible Excel-based financial reporting. Sage Pastel Partner Advantage; Sage Pastel Partner Advantage has Built-in tools such as intelligent reporting, automated bank feeds and mobility which provides real-time accurate information. Features include; General ledger, inventory, and Microsoft integration. Customer, supplier, tax and cash book processing, Financial and tax reports (drill down functionality), Cost codes, Stock take and re-order assistants, Automatic bank feeds with Bank Manager, Sage Pastel BIC allows for flexible Excel-based financial reporting. Sage Pastel Evolution Standard is an Enterprise Resource Planning software system that gives you the ability to control your financial situation Features include:
