oboloo Glossary

Automation Accounting Process

oboloo Glossary

Automation Accounting Process

Automation accounting processes refer to the use of computer software and advanced tech-based systems to perform figures-intensive accounting tasks. This involves anything from entering financial data into an electronic system, verifying the accuracy of entries, running reports, and performing complex calculations -all with minimal human involvement. Automation accounting processes are designed to make the entire process easier, faster, and more accurate than ever before. With the help of technology, businesses can now free up valuable resources and human capital for other projects – all while reducing costs, improving accuracy, and expediting important decisions.