From my reading of the literature everywhere it appears that the computer has simplified financial accounting and the adoption of computers has aided the tradition of financial reporting. Role of computers in financial accounting and accounting software packages. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Accounting software packages can help a business with the usual day-to-day financial accounting tasks such as sales, invoicing and receipts, purchases and payments, banking and cash management, VAT, taxes and accounting, stock control and pay slips. According to Jayden Mathews, financial accounting software conducts scheduled business and accounting transactions. Most financial departments use accounting applications, such as QuickBooks, STFB, SAP Business One, which are used to perform financial transactions and manage the income and expenses of a company. These types of programs are used to track financial transactions and conduct complex transactions effortlessly, without consuming a lot of time and effort that would otherwise be used in case of manual transactions. Spreadsheet software is also known as “what if” queries influence how businesses and individuals enter and organize financial data. Using spreadsheet programs is much faster, more accurate, and easier to use than traditional accounting techniques. They are used to perform routine financial tasks, such as compiling financial data, presenting data in an organized manner through the use of charts and graphs, drafting budgets, and calculating transactions. Also used to track sales, expenses, and inventory records and to budget and forecast future sales and expenses. Computer spreadsheets have become the most important of all software tools for modern accounting and financial reporting. A strength of the use of computers in financial accounting is considered to be the reduction in the number of accounting staff that accountants needed to process transactions in their repetitive accounting work that could be handled by computers in batches. The efficiency and reliability of computerized accounting which improves the efficiency in preparing financial reports and accuracy of accounting data. The Role of Computers in Today and Modern Financial Accounting In today's day and age, the right accounting software is available and has significantly changed traditional financial accounting. In the past, traditional financial accounting was deemed unmanageable and difficult to use as accountants would have to use the manual method of keeping and maintaining records. With the introduction of computers into financial accounting, the manual method of accounting is gradually being replaced. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Finally, database technology has completely changed financial accounting departments. Before the use of personal computers, companies and businesses were limited to manual methods of tracking financial data. According to Tavakolian (1995), manual accounting systems consisted of paper records, typewriters, and calculators. But many errors may be made and data is usually not detected with this system. Nowadays, the use of computers in financial accounting system is capable of executing and managing financial data in a.