What is digital accounting?
Digital accounting refers to conducting all accounting transactions in electronic format instead of paper.
The main advantages of digital accounting are:
- Real-time cash flow
- Reduction of costs
- Automation and intelligent data analysis
- Automation and scalability
- Security and agility
- Accounting consulting
- Increase in accuracy of financial records
Digital accounting allows the generation, flow, and interpretation of financial and accounting data in electronic format which can be accessed anywhere to the person authorized.