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    In Todays gener-WPS Office

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    Almae Joy Diete
    IT applications are important for business accounting by providing instant access to financial information through cloud computing. This allows business owners to review valuable data needed to run operations from any location without delay. Examples of useful accounting applications include QuickBooks, Wave, and Book Keeper. QuickBooks and Wave's mobile apps allow invoicing and tracking expenses from photos of receipts. Book Keeper additionally offers inventory management across multiple warehouses by generating barcodes that can be scanned with a phone camera. All of the applications sync accounting data through cloud storage across a business owner's devices.

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    In Todays gener-WPS Office

    Uploaded by

    Almae Joy Diete
    11 views2 pages
    IT applications are important for business accounting by providing instant access to financial information through cloud computing. This allows business owners to review valuable data needed to run operations from any location without delay. Examples of useful accounting applications include QuickBooks, Wave, and Book Keeper. QuickBooks and Wave's mobile apps allow invoicing and tracking expenses from photos of receipts. Book Keeper additionally offers inventory management across multiple warehouses by generating barcodes that can be scanned with a phone camera. All of the applications sync accounting data through cloud storage across a business owner's devices.

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    In todays gener-WPS Office

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    IT applications are important for business accounting by providing instant access to financial information through cloud computing. This allows business owners to review valuable data needed to run operations from any location without delay. Examples of useful accounting applications include QuickBooks, Wave, and Book Keeper. QuickBooks and Wave's mobile apps allow invoicing and tracking expenses from photos of receipts. Book Keeper additionally offers inventory management across multiple warehouses by generating barcodes that can be scanned with a phone camera. All of the applications sync accounting data through cloud storage across a business owner's devices.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    11 views2 pages

    In Todays gener-WPS Office

    Uploaded by

    Almae Joy Diete
    IT applications are important for business accounting by providing instant access to financial information through cloud computing. This allows business owners to review valuable data needed to run operations from any location without delay. Examples of useful accounting applications include QuickBooks, Wave, and Book Keeper. QuickBooks and Wave's mobile apps allow invoicing and tracking expenses from photos of receipts. Book Keeper additionally offers inventory management across multiple warehouses by generating barcodes that can be scanned with a phone camera. All of the applications sync accounting data through cloud storage across a business owner's devices.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
    of 2

    In todays generation, we can't deny the fact that almost part of our lives depend on technology.

    Information technology helps to do our task easier, faster and convenient. One of the things which
    technology has impacted the most is in the field of business. One vital factor a business need for it to be
    successful is through innovation since it makes business because it makes business run more efficiently,
    and also innovation increases value, enhances quality, and boosts productivity.

    In business it is important to systematically record, analyze, interpret and present financial information.
    It is also important to always keep track operations of a certain business and to analyze business
    finances inorder for you to create better decisions.

    So here comes why IT application is important in business accounting. With instant access to business
    information cloud computing keeps business information in a secured internet server. When an
    accountant uses cloud computing solutions, the business owner has immediate access via his computer
    to all accounting information. Any credits or debits made or notated by either party are immediately
    available for review. This accessibility makes it possible for business owners to review the valuable
    financial information needed to run operations with no delay. With the use of some applications for
    business accounting, you can keep tabs on your business and accomplish accounting tasks when you're
    away from the office, whether you're at home, on the road, working on location or traveling.

    Here are some examples of IT applications which are very useful in business accounting and help
    business employees and owners work conveniently:

    1. QuickBooks

    The clean interface and practical functionality make QuickBooks Online and the Invoicing & Expenses
    app the perfect combination for business owners wanting comprehensive accounting on any device. The
    software subscription comes loaded with features, most of which you can use on the mobile app. In
    addition to basic features like managing expenses by taking photos of receipts, you can generate
    invoices, add and search customer contact information, view reports, track invoices and reconcile
    transactions.

    2. Wave

    Wave offers two free accounting apps for small businesses to help you track your revenue and expenses.
    The first app, Invoice by Wave, allows you to create, customize and send invoices to customers. You can
    monitor the status of invoices and see when they've been read, paid or become overdue, and you
    receive notifications on these customer activities. You can send payment reminders and receipts as well.
    Invoices and revenue are recorded and backed up to your Wave account. The second app is Receipts by
    Wave, which allows you to take photos of your receipts. It's unique in that it can scan receipts in bulk –
    as many as 10 at a time. It uses optical character recognition to transcribe receipts (and your expenses),
    which you confirm before uploading to your Wave account. You can also email digital receipts to your
    Wave account.

    3.Book Keeper

    One of the app's more impressive features is inventory management. It tracks stock, supports multiple
    warehouses, generates barcodes and allows you to scan them with your phone's camera. The app syncs
    your data across all your work devices through Dropbox.

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