How computerization helps the business? Computerized accounting: Accounting software uses computer and software packages to record, store and analyze financial data. Even though most companies use accounting packages at present, it is essential to know the underlying principle of accounting is necessary before starting to use the accounting packages. A computerized […]
How to record the information in bookkeeping? There are three methods available in bookkeeping, these are: Proprietary system: Usually used by a small trader or sole trader. The single entry system: Analyses the cash book system, which is commonly used and involves keeping books of accounts. Double entry system: To build […]