Report Coursework Example | Topics and Well Written Essays - 500 words

composing - Coursework ExampleMoreover, when accounts are manually maintained it is usually kept pending until the last minute and that as well for the purpose of filing tax returns. be is not used as a business son of a bitch to keep track of where the business is heading and results is loss of control during the financial period. Bookkeeping software is excessively a manual system but within the defined parameters it is possible to nurture essential information. The firstly advantage of using software is that small business would tend to maintain regular accounts than those which do not use software for bookkeeping (Articlebase, 2011). The bookkeeping software has a set of disciplines due to which it is able to produce data and records that are essential to exercise control over the business. It also helps in preparing the financial narrative at the end of the year including for filing of tax returns. Records are less likely to lost or misplaced when maintained through with (predicate) software. Moreover financial performance can be improved through better financial control. In effect, book keeping software automates the manual maintaining of accounting and financial records. Accounting software saves time as it eliminates manual account calculations and record-keeping (Highland, 2011). The software handles chores in minutes which would take up a good number of man hours and hence can save on fixed salaries.