What is meant by automation of accounting process and explain the stag

1.	What is meant by automation of accounting process and explain the stages of automation
Answer» ANSWER: AUTOMATION of the accounting processes. ... The deeper you can automate each type of work, the faster and easier it will be POSSIBLE to carry out processes such as: the settlements with counterparties, the transaction of lending operations, data analysis, FINANCIAL, accounting or management accounting. The stages of an automated accounting process are: input stage, processing stage and summarizing stage. These stages are equivalent to the activities in a manual accounting process. THUS, the only change is the way data are processed, which is automated. hope it will help u mark it as brainliest answer

What is meant by automation of accounting process and explain the stages of automation

Answer»

AUTOMATION of the accounting processes. ... The deeper you can automate each type of work, the faster and easier it will be POSSIBLE to carry out processes such as: the settlements with counterparties, the transaction of lending operations, data analysis, FINANCIAL, accounting or management accounting.

The stages of an automated accounting process are: input stage, processing stage and summarizing stage. These stages are equivalent to the activities in a manual accounting process. THUS, the only change is the way data are processed, which is automated.

hope it will help u

mark it as brainliest answer

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