Question

Write a paragraph that describes how accounting software can be used to track business finances and contribute to the quality of record-keeping management.

Answer 1

ACCOUNTING SOFTWARE -

Accounting delftwares are most important part of new era.accounting software helps to improve recording business activities and improve quality of record-keeping managment.the following are explain how it work

1.Accounting software provide mountainously financial monitoring :In manual accounting financial reports only in the end of financial year end.the purpose was only for administrative and tax payment.accounting delftwares provide time to time updating on recording.so reports creates when a new entry or transaction passed

2.management of cashflow : Accounting softwares provide fesility to record and track payables and reciveble.it enable check current and future cashflow.it enable decision making and proper payment on dues and eliminate overdraft charges

3.minimize mistakes

4.Scalable solution: major accounting softwares provide instent solution and sophisticated costomisation. accounting softwares provide cloud computer systems also which provide digital databasde system which can be access from any corner of the world

5.Computerized invoicing: Accounting sdoftwares provide computerized invoicing help quality improvment

6.Track inventory at time to time

these are core points which deferenciate manual accounting and computerized accounting