give the features of computerised account system
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☞Features of Computerised Accounting System
1. Online input and storage of accounting data.
2. Printout of purchase and sales invoices.
3. Every account and transaction is assigned a unique code.
4. Grouping of accounts is done from the beginning.
5. Instant reports for management, for example: Stock Statement, Trial Balance, Income
Statement, Balance Sheet, Payroll Reports, Tax Reports etc.
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A computerized accounting environment will therefore have the following salient features: Fast, Powerful, Simple and Integrated: Computerized accounting is designed to automate and integrate all the business operations, such as sales, finance, purchase, inventory and manufacturing.
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