The Incorporation of Division Intelligence in Accounting and Bookkeeping to Improve Accuracy and Efficiency.
The communion of computers only empowered accounting to new levels as it brought about good accounting softwares in the late years of 1980s. Most of the advantages are not readily available to analogue accounting systems that will use an intolerable variable amount of labor is time-consuming. Ceterus automated accounting systems are designed for multiunit franchisees where a huge load of accounting can be done without necessarily having people and tools to mind the work. All this can be done by the use of a software called Edge which allows you to have an intuitive view of the financial health of your businesses from anywhere in the world and consequently, to know where to invest your time and capital. Ceterus assures you a franchise focused accounting team with a team of accountants who have specific franchise brand expertise to support your business as they know it inside and out. With the franchise focused accounting team’s interest is able to provide you with continuous account reconciliations of which you don’t have to wait until the end of the month but you can easily see them as they happen regularly. Ceterus has the ability to notify you when the discrepancies between sales and deposits, by checking the cash flows against the corresponding cash drivers.
Most of these functions have been made easy by continuous improvements in the technology which makes the transition from an analogue system easier.
Analog accounting is susceptible and vulnerable to easy manipulation of the errors by accountants due to the large amounts of data that are not easily traced one day and human fatigue can only handle so much more. Computerized accounting makes it easier for information access as different individuals are able to access financial information outside of the office security. A growth in business results in a necessary growth in the complexities of handling the business. Human labour can be limited by them abundant amount of information that they have to sift through in order to prepare accurate accounting statements and this therefore leaves the management with a long time to wait for the statements before they can make proper decisions. In the case of disasters, computerized systems can be quickly restored as long as there’s availability of other computers and this level of precaution is taken by Ceterus accounting firm. Computerized accounting and bookkeeping systems also proved to be cost-effective as they are more efficient than analogue accounting systems that have to use a huge amount of paperwork that drags time behind and is cost consuming. The visuals of computerized accounting book keeping system also proves to come in handy when an investor wants to view the data in different file formats. The monotony of human labor is broken which would have otherwise led to careless tendencies because of fatigue.
In conclusion, computerized accounting and bookkeeping provides a cutting edge in the field of business accounting.