Why is it necessary to have safety features in accounting Software ? Explain any two tools which provide data security .
Answers
Answer:
Accounting software is a fundamental application that allows an organization to record the flow of money for internal and external review and auditing. It is the primary tool for assessing the financial health of an organization and for meeting legal compliance through tools like general ledgers, account payables and receivables, purchase orders, stock management, and billing.
Answer:
1. Accounting software helps you track and organize your financial data, giving you an accurate, real-time look at your business's finances.
2. Features like the bank feed and automatic invoicing save you time by automating tedious accounting tasks.
3. Some accounting systems have advanced features or add-ons like payroll, shipping inventory and project management that can streamline other aspects of your business.
The tools which provide data security are
1. Firewall
2. Antivirus software
3. Anti spyware software
4. Password Management software.