Computers are very helpful in accounting. They are being extensively used for office administration and accounting to supply reliable and accurate information to various users. This is made possible through sophisticated computerized accounting systems. They handle large volumes of data, process information and data, present them graphically and constantly update data. Computerized accounting system refers to the system of maintaining accounts using computer. It involves the processing of accounting transactions through the use of computer in order to maintain and produce accounting records and reports. Computers are used to keep accounting records of big companies. Separate payroll accounting, automation of all financial accounts, graphic presentation of accounting results, fast updating and best inventory control are some of the computerized applications in accounting.

Gokul Pradeep

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