Topic > Importance of Computerized System in Accounting

It is better than manual double entry systems where two or three entries are required. When a business transaction is entered into your computer, it is recorded in many different accounting records at once. This affects all the other reasons why it is beneficial to use these computerized systems in the accounting cycle. They include speed, accuracy, up-to-date information and efficiency. Systems do everything faster through built-in databases, and that's where the speed comes from. Making a mistake is almost impossible since only one voice is used and this creates precision. Updated information because the accounting records are updated automatically and so the account balances always will be