7 IMPORTANCE OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM SCALE BUSINESSES The importance of accounting software in small and medium size businesses became one of my favourite topics after spending some time working with small business owners in Lagos, Nigeria. I was surprised to see that some still stumbled along using the complex and inefficient [...]
Finding the best accounting software that meets and surpass the needs of your small business is not an easy task. In my career as an accountant and a business adviser, I have been asked the question; ‘what is the best small business accounting software’ many times that I can’t even remember. This shows that managers [...]
A performance measurement system is a traditional way of keeping track of what goes on in your business. The aim of performance measurement is to help managers and business owners analyse successes and failures of individuals or group of individuals. Successes or failure in this context is a function of the standard that has been [...]
Characteristics of accounting information systems are those features that distinguish an ordinary system from a system that is designed to provide management of all levels timely, relevant, reliable and unbiased processed data that is suitable for decision making. Accounting information system (AIS) is a well structure secured medium of gathering, processing, sending and receiving both [...]
