Features of E-Accounting

Today, all most all the modern accountants are using e-accounting when they access Tally.ERP 9 through server or when they use any ERP package. So, all are know its all advance features which I still don't know. But, this content is specially for those who are new in accounting and learning accounting at graduate level and post-graduate level. They should know the features of E-Accounting.

Following are the main features of E-Accounting.

1. Universal Access 

Today, I was in the post office for delivery my products' parcel which I sold through my other eCommerce website. In the post office, a customer had called me for knowing the prices of his interested product. I had 3G smart phone. I just accessed to my database where I found the list of  prices of his interested price. I called back and told same information and succeeded to gain one more order during the time of delivery. This practical example, I am explaining to you for your knowledge. Today whatever you are using accounting software, all are connected net and server. You can access and edit through your tablet and smart phone. So, it will give your innovative experience. This is one of the good feature of e-accounting.

2. Good Collaboration

If you are the team member of accounting department which have lots of departments, you can collaborate each other with e-accounting. In this feature, you can help each other for maintaining the accounts of company. For example, Mr. A is in Delhi branch, he passed entry of sale in his Delhi branch. Mr. B is in Mumbai branch, he passed the entry of purchase of his branch. All effects will be added in the financial statement of company by these accounting team's collaboration and joint efforts.

3. Quick Rectification and Result 

If there is the mistake, there is more chance to rectify the mistake of accounting fastly because large number of team members can access fastly. Many experts are just for monitor, so, this will bring accurate and true financial results.

4. Fast Record with Advance Technology

Today, all accounting software companies want to become no. 1 in the market, but in the market, there is big competition. So, these accounting software companies are doing best for innovation. So, everyday, you will see the new and updated hacks, shortcuts for recording fast. So, enjoy this feature of e-accounting.

5. Strict Control 

Now, it is impossible for hackers to hack accounting database because ethical hackers are working in developing of advance accounting software who are making strict security for accessing to accounting information.

6. Large Scale Business Record 

Today is the time of doing hard work not laziness. Because business is growing fastly. Today, I have lots of projects because my work has increased. So, thanks the automation system of e-accounting which help to record our business during increasing its scale.

7. Adjust with Law and Accounting Standards

Through installing new utilities, any accounting software can adjust with new amendments of any law and accounting standards.

8. Modification is Possible 

If you will shift from one business model to other business model, your accounting software can also change its configuration.

See Also 

References :

  • Computerized Accounting Book ( E-Accounting Topic)
  • My Personal Experience 


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Accounting Education: Features of E-Accounting
Features of E-Accounting
Accounting Education
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