A computerized accounting system serves as the backbone of a company’s financial management, streamlining and automating processes for increased efficiency, accuracy, and convenience. By minimizing manual data entry, removing redundancies, and incorporating error-checking mechanisms, it significantly enhances the overall financial management experience. What is Computerized Accounting Computerized accounting, also known as automated accounting or digital accounting, refers to the use of software and technology to manage financial transactions, record financial data, and perform various accounting tasks. It involves the utilization of computer systems, software applications, and sometimes, specialized hardware to streamline and automate accounting processes. Primary Goal of Computerized Accounting
[…]