Role of Accounting Information System PowerPoint Presentation 2022

Role of Accounting
Information System
PRESENTED BY:-

Accounting Information System
 It is a system which business used to collecting, storing, managing,
processing, retrieving and reporting the financial data of the firm, so
anyone can use it.
 It increases the level of accuracy while preparing the company’s
financial transaction as well as recording them.
 This make financial data of the firm available for its users.

Single Touch Payroll
 Single Touch Payroll is a regulation of Australia taxation Office, in which
employers need to send the payroll information of the employees that
includes salary, wages and other information to the Australian Taxation
Office at the similar time when standards pay run.

Why client transit their business
to a cloud accounting
 In order to get speed in the process of transaction the clients move to cloud
accounting system.
 Cloud accounting enables the user to expand the business network beyond the
domestic market and helps to reach the international market.
 It is very time consuming to track and upgrade the internal server, the cloud
computing system automatically upgrade and thus save time for the organization.
 Some cloud computing can do many administrative task such as database
backup, software upgrade automatically.