Question

features of computerized accounting system​

Answer 1

Features :-

• Simple and Integrated: It helps all businesses by automating and integrating all the business activities. Such activities may be sales, finance, purchase, inventory, and manufacturing etc. It also facilitates the arrangement of accurate and up-to-date business information in a readily usable form.
• Accuracy & Speed: Computerised accounting has customized templates for users which allows fast and accurate data entry. Thus, after recording the transactions it generates the information and reports automatically.
• Scalability: It has the flexibility to record the transactions with the changing volume of business.
• Instant Reporting: It can generate a quality report in real time because of high speed and accuracy.
• Security: Secured data and information can be kept confidential as compared to the traditional accounting system.
• Quick Decision Making: This system Generates real-time, comprehensive MIS reports and ensures access to complete and critical information, instantly.
• Reliability: It generates the report with consistency and accuracy. Minimization of errors makes the system more reliable.

hope it helps..