Importance of computerised accounting system
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The importance of computerized accounting systems are listed below:
More Accuracy:
Computers can perform accounts in a more better way than humans. Computers are less likely to make mistakes in addition, subtraction etc.
Saves time:
Computers can perform functions at a much faster rate than humans. Simple addition, subtraction etc will be done faster by the computers.
Automation:
Computerized accounting system will save a lot of time as nothing has to be done manual and everything could be stored easily. Many accounting software programs can be used for interpreting data.
Compatibility:
One can easily share data and financial information using computerized accounting system.
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