Question

What are the qualities of useful accounting software?

Answer 1

Followings are the qualities of useful accounting software;

1. Accounting software must have analytical & fair reporting features.

2. Such accounting software should be user friendly.

3. Accounting software should have auto-updation feature.

4. Accounting software should be customizable according to the business need and requirements.

5. There should be proper data sharing facility between various departments of the organization.

6. Accounting software must be fully secured so that all important accounting information can be kept confidentially.

7. Accounting software should have feature of automation so that required recording can be made easily with less time.

8. Accounting software should have feature of expandability so that with an increase in the volume of the business such accounting software can be expanded accordingly.

9. Accounting software should have feature of intregation.

10. Accounting software should be fairly controlled & managed so that there should be fair accounting recording of the business’ transactions. etc.