Tip No. 10: Make Technology Work for Your Business
Computers allow you to enter information once and then use this information in many different ways. Accounting programs are sophisticated data bases that take financial transaction information and interlink this with other information to provide financial reports that managers can use to steer their business.
Other technologies such as the Internet and emails now allow invoices to be sent as attachments and Accountants, Bookkeepers and Business Owners can share information and electronically receive and make payments. Increasingly electronic transactions should automate the data entry required and reduce the amount of errors while increasing the volume of information available to make business decisions.
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