importance of compunterized accounting
Answers
Answer:
Since all the calculations are handled by the software, computerized accounting eliminates many of the mundane and time-consuming processes associated with manual accounting. This accounting system is designed to be accurate to the minutest detail. Because the calculations are so accurate, the financial statements prepared by computers are highly reliable. When your company grows, the amount of accounting necessary not only increases but becomes more complex. Using accounting software, the entire process of preparing accounts becomes faster. The latest data can be saved and stored in offsite locations so it is safe from natural and man-made disasters like earthquakes, fires, floods, arson and terrorist attacks. Since using computerized accounting is more efficient than paper-based accounting, than naturally, work will be done faster and time will be saved. Viewing your accounts using a computer allows you to take advantage of the option to view your data in different formats.