ACC 925 Chapter Notes -General Ledger, Accounts Payable, Financial Statement
7 Nov 2014
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Who uses it: accounting software can be used for personal use, but it is more normally used by all types of businesses, there are also specific accounting software that is tailored to the specific need of the business, example: medical accounting software has particular features that cater towards the use in a health care facility. Increased staff productivity as it is much easier and less time consuming for the staff of a business to use accounting software: higher revenues as businesses are now able to analyze a large amount of financial information that can be used to make informed business decisions, new opportunities because companies are now able to able to critically analyze their data to find positive and negative factors that affect corporate performance, enhanced collaboration as different departments of a business are now able to interact more easily.
