Computerization makes data storage manageable and less bulky. Computers enable organizations to store large amounts of files in a small space, allowing us to have a large track of historical transactions, while avoiding consumption of space that would otherwise be consumed by piles of files in cabinets. Keeping financial records is critical for organizations, as well as individuals, as it allows tracking of payment records, debts owed, purchases done and bank transactions made. Having detailed financial records helps an organization to continually audit and analyze business performance.