Question

give the automation in accounting process ​

Answer 1

7 Sᴛᴇᴘs ᴛᴏ Aᴜᴛᴏᴍᴀᴛᴇ Yᴏᴜʀ Aᴄᴄᴏᴜɴᴛɪɴɢ Pʀᴏᴄᴇss

• Sᴛᴇᴘ 1: Tᴀᴋᴇ sᴛᴏᴄᴋ ᴏғ ᴄᴜʀʀᴇɴᴛ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ᴛᴏᴏʟs ᴀɴᴅ ᴘʀᴏᴄᴇssᴇs
• Sᴛᴇᴘ 2: Cʜᴏᴏsᴇ ᴀ ᴄᴏʀᴇ ᴀᴄᴄᴏᴜɴᴛɪɴɢ sᴏғᴛᴡᴀʀᴇ
• Sᴛᴇᴘ 3: Mᴏᴠᴇ ʏᴏᴜʀ ᴅᴀᴛᴀ ᴀɴᴅ ᴀʟʟᴏᴡ ғᴏʀ ᴀɴ ᴀᴅᴊᴜsᴛᴍᴇɴᴛ ᴘᴇʀɪᴏᴅ
• Sᴛᴇᴘ 4: Iᴅᴇɴᴛɪғʏ ᴀᴅᴅɪᴛɪᴏɴᴀʟ ᴀᴜᴛᴏᴍᴀᴛɪᴏɴs
• Sᴛᴇᴘ 5: Iɴᴛᴇɢʀᴀᴛᴇ ᴀɴᴅ ᴛᴇsᴛ ᴀᴅᴅɪᴛɪᴏɴᴀʟ ᴀᴜᴛᴏᴍᴀᴛɪᴏɴs
• Sᴛᴇᴘ 6: Cᴏᴍᴍᴜɴɪᴄᴀᴛᴇ ᴘʀᴏᴄᴇss ᴄʜᴀɴɢᴇs
• Sᴛᴇᴘ 7: Mᴏɴɪᴛᴏʀ ᴀɴᴅ ᴘʀᴏsᴘᴇʀ

Answer 2

Answer:

Accounting automation focuses on the entire accounting lifecycle, not just one part of financial management. This means that the entire accounting process, the capturing, manipulating, and interpreting of transactional data, is done by software, with less dependence on manual transactional entries by people.

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