Question on: SS1 ICT - Computer Application Software II

How does accounting software contribute to the efficient management of financial transactions and reporting?

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Accounting software automates various financial tasks such as recording transactions, generating invoices, and managing accounts payable and receivable. It helps businesses maintain accurate financial records, which in turn aids in timely and accurate financial reporting. By providing real-time insights into financial health, forecasting, and budgeting, accounting software enables informed decision-making and enhances overall financial management.

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