Computerisation of Accounts

Computerisation of accounts involves using computers and specialised accounting software solutions to record, process, and report all the financial transactions for a business.

Computerisation offers several benefits including:

Accuracy and Speed

Entering financial information into a computerised system reduces manual data entry and cuts errors. This can include entries for sales, purchases, invoices, credit notes, payments sent and received.

Streamlined Reporting

Accounting documents and reports can be generated quickly and accurately to meet the information requirements of the business, customers and suppliers. This includes day books, ledger accounts, customer statements, and management reports.

Improved Efficiency

Automating accounting processes can improving accuracy, enable faster decision making, use real-time financial data, save valuable time and can reduce costs. Further benefits include scalability and built-in security to prevent the risk of losing important financial information.