Faster and efficient in processing of information;
Automatic generation of accounting documents like invoices, cheques and statement of account;
With the larger reductions in the cost of hardware and software and availability of user-friendly accounting software package, it is relatively cheaper like maintaining a manual accounting system;
More timely information can be produced;
No more manual processing of the data- all automatically been posted to the various ledgers/accounts and
Many types of useful reports can be generated for management to make decisions
