Benefits of E-Accounting



MOHD S. UMAR has asked the question from NIGERIA about the benefits of e-accounting. Following are main benefits of e-accounting. 

1.  With e-accounting, we can create account of more than one company from any place of the world.

2. With e-accounting, we can share accounting information with other from any place of the world.

3. With e-accounting, we can do live work of accounting. It means one accounting project can be complete more than one person from different place.

4. With e-accounting, we can audit the made accounts from any place of the world.

5. With e-accounting, we can give better input data to finance manager for good future financial plan.

6. With e-accounting, we can get result more fastly from any place of the world. Any can know what will be the profit or loss figure after each transaction.

7. In e-accounting, everything online, so there is no need to invest money in papers.

8. In e-accounting, we need small number of accountant. Same accountant can be promoted for other analysis work.

9. In e-accounting, we can get all old data more fastly for analysis purposes.

10. In e-accounting, we can import raw accounting data from other system also. We can also export our accounting data to other system.

Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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