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With a computer and its appropriate software, one can request and receive an in house balance sheet, an income statement, cash flow and statements of affairs and other accounting reports within a short time: hence an increase in productivity.
Let’s take time to briefly see the role computers are playing in the field of accounting, changing some of the things that were manually done and facilitating accounting data processing.
A. Spreadsheets
Electronic Spreadsheets allow you to do anything that you would normally do with a calculator, pencil and columnar scratch pad. A typical integrated double entry accounting spreadsheet system will contain some of the following components: general ledger, inventory levels, order entry, payroll, time, and billing etc...
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