No doubt accounting is the fundamental need of any business. It is a financial method used to systematically record, report and analyse financial transactions in a business. Accounts is used to keep track of business motions and to report facts and statistics shown by business. and computers and other technical inventions allow more efficient organisation and procession of data. Accountants used to maintain heavy books like journal and ledgers to record all income, expenses and resources properly. And then carefully managed that books so that the data was safe. As computers entered the world, data into the books gradually migrated into computer spreadsheets and Computerised Accounting was born. As per the name itself,” COMPUTERISED ACCOUNTING” is accounting that is done with the help of computer and involves accounting software. Computerised accounting offers that traditional transaction processing, classification of data etc and at the same time increases the range of inputs, rate of input giving a more comprehensive picture of company’s health. and this modern accounting helps management make better use of the resources available to maximise profit.
Computerized accounting is the only way to finish off recording data that are huge as well as important. It has revolutionized the traditional paper method of recording the data and has created new applications beneficial for business. Now companies have data related to each and every body indulged into business with them.
Computerised accounting gives high speed and mobility of data as its first big benefit. Entering data onto computers is carried out far more quickly because of its formatted screens and inbuilt database. And as this work is performed on computers there are less chances of errors since only one accounting entry is needed for each transaction unlike manual system. In computerised accounting , the software are so developed that accounting records are automatically updated and therefore account balances too are updated. The data are also instantly available and can be even immediately made available to the users in different locations all at the same time .So the data and information becomes portable when computerised accounting is brought into use.

Computerised accounting is of great use to the company management also. Reports are prepared for management so that it could closely monitor and decide the steps for business.
Like the debtors analysis can show overdue accounts and dissolves debtors etc.
Since Computerised accounting saves time, that time could be better used in making optimum use of resources. Computerised accounting is also cost saving as it reduces staff, staff time and thus reduces audit expenses as records are fresh and up-to-date. Many Computerised accounting software allow to trade with multiple currencies easily. and therefore problems like exchange rate changes are also minimized.

There are many software to gain expertise in computerised accounting ,some of them are Tally , Quickbook, BUSY (Business Accounting software. Now-a-days there are various computer accounting training institutes that are interested in providing computerised accounting training with different accounting software. And after learning these basic level of computerised accounting software ,one can also apply for jobs.

Author's Bio: 

Author is working with IPA offering computer accounting training institute They also work with Tally Academy offering MS Office training in delhi