HP Application Lifecycle Management (ALM) is a suite of software tools from Hewlett-Packard that helps organizations plan, track and manage the development of software applications. ALM also provides a platform for automated testing and quality assurance. The suite was formerly known as Quality Center.

It includes features for requirements management, test management, defect tracking, and project management. ALM is also integrated with other HP tools such as HP UFT (formerly QuickTest Professional) and HP LoadRunner.

HP ALM (Application Lifecycle Management) software is a set of tools developed by Hewlett Packard Enterprise to help organizations plan, track, and manage the delivery of software applications. The HP ALM platform provides a centralized repository for all project artifacts, including requirements, test cases, and defects. It also offers robust reporting and analytics capabilities that can help project teams identify risks and track progress.

 It helps businesses ensure quality control throughout the software development process. ALM also provides visibility into project progress and risks. It is available in both on-premises and cloud-based versions.

HP ALM (formerly Quality Center) is a software testing tool from Hewlett-Packard. It provides various features like requirements management, test management, defect management, and traceability throughout the software testing process. It also integrates with other HP testing tools like QuickTest Professional and LoadRunner.

You’ll notice the above diagram shows the first step as “Source Documents”. Source documents are things such as receipts, invoices, bank statements, and credit card statements that are collected during the year so that we have all the information we need when the time comes for us to do our accounting/bookkeeping. Obviously, in this tutorial, we won’t be asking you to go out and collect invoices and receipts, so we’ll conveniently “skip” that step for now.

The next step is entering journals. Every time a transaction occurs, it’s recorded using a journal entry.

Everything we do from this point on will be stuff that real accountants and bookkeepers are doing in their offices at this very moment. That means this lesson will be a little more technical than the previous ones. Don’t let that spook you though. You’ll be surprised at how simple it can be! Now would be a good time for us to lay out the steps in the accounting/bookkeeping process:

Imagine having a large stack of receipts and invoices from different shops, suppliers, and customers. All the information you need is there, but it’s useless when it’s all messed up like that! Journal entries help us sort all this into meaningful information.

When we pay expenses that means our expenses have increased. Also, when we pay expenses, our bank account is obviously going to go down.

So, in summary, we need to record a transaction that will increase expenses and decrease the bank.

Referring back to our matrix, we can see that to increase expenses we require a debit movement.