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some benefits are :
1. the accounting transactions are recorded at a faster speed than in manual accounting systems thus more of information can be recorded in same time than it owuld have been done manually.
2.since modern softwares can easily detect arithmetic errors , it is more accurate to record accounting information through computers.
3.security: the data entered in the computers can be secured using complex servers and passwords to prevent unauthorised excess to business information
4.capacity : where manual accounting systems can record transactions to a limit (and if not then it is not feasible to keep numerous books therefore computers can serve as large storage of information
5.presentation: new softwares are coming up and the financial statement of the business can be made in a more presentable form ,as well as quickly produced ...
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What are outsourcing consultants?
Outsourcing the accounting or bookkeeping services helps in growng the business faster. They can provide the great results in improving the business. Visit our site for the best accounting and bookkeeping services in California.
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what is the application of ICT in stores management
What is informal bookkeeping?
I don't know that's why I'm "asking" you
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The cost of wages paid to workers during an accounting period on daily, weekly, monthly, or jobs basis,plus payroll and related taxes and benefits.
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Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
