· Faster and efficient in processing of information;
· Automatic generation of accounting documents like invoices, cheques and statement of account;
·With the larger reductions in the cost of hardware and software and availability of user-friendly accounting software package, it is relatively cheaper like maintaining a manual accounting system;
· More timely information can be produced;
· No more manual processing of the data- all automatically been posted to the various ledgers/accounts and
· Many types of useful reports can be generated for management to make decisions