The Impact of Information Technology in Accounting

Information technology has impacted accounting processes in a very good way. It is difficult to find anybody doing manual accounting with paper and pencil these days. Since accounting is about dealing with information-- business information--any advances in this area will have a positive impact in the accounting department, from the old days of the battery operated calculator to the fast computers of today.

EquipmentThe most obvious impact of technology in accounting is the presence of computers, printers, scanners and faxes. Information technology (IT) transformed the accounting world--no more green paper sheets and pencils. The good news is that prices are affordable on most of the equipment. It is not just for large corporations; small business can get IT equipment easily and at a reasonable cost. The machines are sophisticated, fast and easy to use.

SoftwareBesides the equipment, accountants appreciate the software. For example, spreadsheet programs are highly efficient at helping accountants with calculations and reporting. There are accounting programs in the market that are easy to use and affordable, making them very popular with small businesses. Software can help accountants in their daily tasks, such as paying bills, recording transactions and reporting. The program keeps all data organized and in a centralized location.

InternetThe Internet opened many doors and made life easier in many ways, especially in the accounting area, where documents can be shared, research can be conducted and taxes can be filed-all online. Connection to the Internet can be wireless and simple.

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Penggajian - Penyediaan Slip Gaji pekerja melibatkan gaji pokok, elaun lebih masa, potongan berkanun, KWSP, PERKESO dan LHDN.

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Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.

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Information technology is present in most accounting offices these days via computers, printers and other equipment. An intrinsic part of financial processes, technology is often taken for granted in accounting offices.