Asked in ComputersBusiness FinanceAccounts PayableInformation Technology
What is the importance of computer accounting information systems?
August 03, 2009 3:33PM
It speeds the bookkeeping process and increases accuracy thereby reducing labor costs. But most importantly, a computerized accounting system is a powerful tool, allowing you easily extract data in order to prepare reports and analyze the information. Reviewing and acting upon a well designed, comprehensive set of reports (in addition to the Financial Statements) will help keep the company on the right financial path.