0 votes
in Business by
Advantages of computerized accounting information

1 Answer

0 votes
by (130k points)

Benefits of computerized accounting system are;

  • Faster and efficient in processing of information
  • Automatic generation of accounting documents like invoices, cheques and statement of account.
  • More timely information can be produced
  • No more manual processing of the data - all automatically been posted to the various ledgers accounts
  • Many types of useful reports can be generated for management to use in decision making.
  • With the larger reduction in the cost of hardware and software and availability of user friendly accounting software package, It is relatively cheaper like maintaining a manual accounting system

Related questions

0 votes
1 answer
0 votes
1 answer
0 votes
1 answer
0 votes
1 answer
Welcome to Kenyayote Q&A, the largest community site in Kenya where you can ask any question and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.

If you are ready to ask, provide a title about your question and a detailed description of your problem.
...