What are 5 advantages of computers in accounting?

Answer 1

Advantages of an accounting software:-

1. Accounting software allows faster and more efficient processing of data. Once the information is entered in the associated module--Accounts Payable--it is processed and stored immediately.

2. Accounting software eliminates manual processing, which often creates considerable room for error. Accounting software allows for smoother record-keeping, reconciliation and balancing.

Answer 2

Computerized accounting system will:

1. reduce effort

2. save time

3. improve effeciency

4. reduce errors

and so on.

Answer 3

There are several benefits to using a computerized accounting program, including speed and accuracy. The information is also easily accessible.

Answer 4

Accounting software help the company to have timely data and reports regarding the financial standing of the organization. The software may prepare the reports faster than a manual task.

Answer 5

it help in documenting a document of a company