How computer skills are important in account and finance field?

In modern era, Every company rely on globally recognised SOFTWARES to improve ACCOUNTS FINANCE recording reporting on adhoc basis with one click result. Microsoft Office knowledge is also playing vital role in A&F accurate calculation, break even analysis with excels formulations.

There fore, computer skills is damn important to create results in short time which will be fruitful for organisation prosperity.

Computer technology has become an important part of accounting and finance because they have made accounting processes faster and more accurate. With increase in number of transactions, doing accounting manually takes a lot of time and involves many people, especially if the information to be processed is complex.

Benefits of Computer skills

Speed – data entry onto the computer with its formatted screens and built-in databases of customers and supplier details and stock records can be carried out far more quickly than any manual processing.

Automatic document production – fast and accurate invoices, credit notes, purchase orders, printing statements and payroll documents are all done automatically.

Accuracy – there is less room for errors as only one accounting entry is needed for each transaction rather than two (or three) for a manual system.

Up-to-date information – the accounting records are automatically updated and so account balances (e.g. customer accounts) will always be up-to-date.

Availability of information – the data is instantly available and can be made available to different users in different locations at the same time.

Management information – reports can be produced which will help management monitor and control the business, for example the aged debtors analysis will show which customer accounts are overdue, trial balance, trading and profit and loss account and balance sheet.

Legibility ­– the onscreen and printed data should always be legible and so will avoid errors caused by poor figures.

Efficiency – better use is made of resources and time; cash flow should improve through better debt collection and inventory control.

 Cost savings – computerized accounting programs reduce staff time doing accounts and reduce audit expenses as records are neat, up to date and accurate.

because in the rapidly developing and day by day changing in the technology in different field computer can make able for an accountant that they can able to complete work quickly,share information or give a brief through computre

First up accounting and finance has much to do with daily business transactions, its recording, processing, reporting and from there comes the analytical part. Whether you talk about historical reporting for future oriented planning & control, the essence comes from a strong database at the backhand. In today's complex world, most of transaction recording and processing is done through an ERP system which is available in various countries for various industries offering different levels of sophistication. To make better and efficient use of ERP and top it up with tailor made office applications is at the heart of what a professional accountant must offer as a base minimum!

First, thank you for inviting you to

Computer great importance in the accounting and financial field in general because he is doing equations and functions which facilitates calculations and easy and complex

In particular, in the field of finance The computer has several functions that are commensurate with the funding activity of functions

But you must first know each Hdavha function so you can know that they belong to your business or not, and in the long explanation of functions and equations pertaining to all areas of accounting, engineering, and mathematical text.

Computers are very essential and vital in the accounting and financing field now a days, when offering both of speed and secuity, not only in recording transactions, generating required reports, helping in analysing and cotrlling, store and retrive data, but also as a tool of communication with all parts concerned.

Computer skills are important in account for prepared and Adjusted the accounting process that begins with analyzing and journalizing transactions and ends with the post-closing trial balance is called accounting cycle. 

For the year ended Computer skills are report the financial statement which is prepared from a post-closing trial balance.

computer-based accounting is not only tremendously easier and more efficient but it’s much more accurate, to boot. It’s much easier to keep track of data, as well as properly analyze it and use it for calculations when it’s stored digitally.

Computer-based accounting has become the norm because it’s not only more accurate and safer than traditional methods, but it provides workplaces with a much broader range of options than traditional, paper-based accounting. There’s ample opportunity to use the data being analyzed to churn out pie charts, graphs, year-to-year comparisons and much more, with only the click of a button.

Computers are becoming an important part of accounting operations make accounting easy and faster, healthier, while the manual accounting takes more time and less accurate and you need more than people

Dear wazir khan, today in this era of smart technology where everything has become digital and you are asking about the computer skill ? My friend for operating the financial modules of accounting you should be well versed with Debits and credits and the usage of mouse and keyboard. you don't have to be a IT specialist to operate it. by the way you should have computer skill, it will help you in many ways

We are surrounded by different systems, and data formats. The most important is the ability to manipulate, processing and integrate data. Just like cost accounting is different in each of the companies that systems differ in the details.You must learn how to use the strenghts and minimize weaknesses. That is why computer skills are highly sought.

In todays world of technalogy every thing has come in finger tips and it is a digital world. Since Accounts and finance is the language of digits therefore technalogy has changed this field alltogather. In todays world without computer skills in accounts and finance one is just good for nothing...