Availability of information
The data is instantly available and can be made available to different users in different locations at the same time.
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.
computerized accounting programs reduce staff time doing accounts and reduce audit expenses as records are neat, up-to-date and accurate
The ability to Deal in Multiple Currencies Easily
Many computerized accounting packages now allow a business to trade in multiple currencies with ease. Problems associated with exchange rate changes are minimized.