Question

List the various advantages of computerised accounting systems

State the advantages of computerized accounting system. 

Answer 1

The various advantages that the computer accounting system offers are as follows:

1. Speed: The computer accounting system greatly reduces the time which is required for the completion of any task.
2. Reliability: The computer accounting software reduces the scope of human errors and thus is a more reliable platform.
3. Real Time user Interface: The computer system offers the advantage of multiple people having access to it at the same time. 
4. Scalability: Based upon the need and the usage, the computer can be enhanced or upgraded.
5. Accuracy: The results that are derived from the computerized accounting system are accurate and correct.
6. Up-to-date information: The computerized accounting system provides the up-to-date information which can be used by the users for the decision-making
7. Legibility: The results and reports in the computerized accounting system can be converted into various sizes as per the requirements.