The world now is very technological, and when it comes to work and business, that's nothing else. Indeed, it is practically impossible to succeed without the use of updated technology and media. We know how much it can impact as a software company.

Robotic Process Automation (RPA) and Artificial Intelligence (AI) are two of the most successful technologies for achieving the seemingly incompatible aims of improving customer satisfaction and employee morale while lowering operating expenses.

Machine learning is a fascinating branch of Artificial Intelligence that we see all the time. Machine learning unlocks the value of data in novel ways, such as when Facebook suggests stories for you to read on your news feed. This incredible technology aids in the development of computer programs that can automatically access data and complete tasks via predictions and detections, allowing computers to learn and grow as a result of their experiences.

Accounting software applications are very popular nowadays especially to most large and medium scale businesses and even small businesses. These organizations are using these automated business tools to facilitate the recording and reporting process. However, for micro businesses with few transactions, they still opt to do their accounting processes in a traditional way. The cost of purchasing and maintaining these accounting software applications would be one of the main considerations of business owners. Let's discuss in this article the different advantages and disadvantages of traditional accounting as well as computerized accounting. 

As new business owner, there maybe a lot things that tends to overwhelm you. Creating financial projections would provide you a clear pathway to achieve your vision and mission. One of the most important part of the business planning process is the preparation of financial statements that will predict the outcome of the organization's operation in the future periods.

Accounting softwares are types of application softwares that records, processes and accumulates financial and accounting transactions composed of various modules that deals with the sections of accounting and finance. These accounting softwares process data and generates reports and documents that are relevant for decision making.