Why do businesses need accounting software? What is accounting software used for? Is it mandatory to use accounting software? Accounting software is a computer program that assists accountants in recording and reporting a firm's financial transactions. Using accounting software allows businesses to process their accounts with greater speed than manual processing. Does this technology increase efficiency? In addition, accounting software allows organizations to increase efficiency by introducing automation. Accounting software gives insights of overall financial performance of the business. It handles all financial aspects of your company and keeps the record of business transactions. It manages general ledger, accounts receivable and accounts payable. Moreover, it allows tracking cash flow, revenue and expenses also. So, can we say that accounting software simplifies the tasks? Doesn’t it help firms to conduct business easily? Let’s know further about the topic with the help of the presentation, shall we? Please refer.

Navya R Nair

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