The importance of accounting in business

Accounting Software system is a technological transformation of the usual accounting books and the daily tasks of the accountant in a digital form, giving the same results and managing the same operations, but in a form that is more in keeping with the current era and its technical tools.
If we summed up all the complexities facilitated by accounting programs, we would summarize them in that it is an automatic accountant, which does everything that a human accountant does with part of automation with help in data entry and some adjustment only, and with time the area of automation increases, so that it is likely that there will come a time when a program Accounting does all that is required alone, relying on techniques such as artificial intelligence, to eliminate the traditional role of the accountant’s job, and if we want to elaborate, let us get to know the most important things that accounting programs do:

• Enter entries manually or register them automatically on the system.
• Maintain tidy records as a digital alternative to journal and ledger.
• Issuing sales and purchase invoices.
• Carrying out basic and secondary accounting operations.
• Create financial reports and lists such as:

1. Statement of financial position.
2. balance sheet.
3. Statement of Cash Flows.
4. Profit and loss statement.

• Follow-up and audit aspects of tax accounting.
• Preparing and amending the chart of accounts.
• Mastering some of the facilitating features of accounting operations, such as:

1. Monitor and modify constraints (or create reverse constraints).
2. Include the barcode in the invoice.
3. Products coding.
4. Sign invoices electronically.
5. Control the design and body of the invoice.
6. Create returned invoices.
7. Billing installment.