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Do all retail shops need an accounting software?
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[QUOTE="Etini, post: 334549, member: 90141"] Accounting software are computer applications that are used to capture and track all sales going on in a retail shop. Most owners see an accounting software as waste of money and would prefer to manually record and track sales and transactions. In this write up, I would highlight why every retail shop needs an accounting software. 1) Reduction of errors: We all know there is always an error factor to human capacity. Allowing automatic recording of transactions and presenting accounts by accounting softwares completely eliminates incidents of errors in the entire process. 2) Financial data is centralized: With a good accounting software, all the information you need about transactions even as far back as 10 years ago are held in one place and are easily accessible with few clicks. This allows for easier analysis and decision making. 3) Easy generation of financial statements: Accounting softwares can generate the financial statement of a business for any period specified within seconds. That saves the stress of the cumbersome nature of generating financial statements manually. Quick Books is a typical accounting software whose learning curve is not so steep. [/QUOTE]
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Do all retail shops need an accounting software?
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