Application of Computer in accounting ! Computers have revolutionized the field of accounting, allowing accountants to perform their duties more efficiently and effectively. Here are some of the key applications of computers in accounting: Bookkeeping: Computerized bookkeeping systems have largely replaced manual bookkeeping methods, such as using ledgers and journals. These systems allow accountants to input financial transactions, generate financial statements, and monitor accounts in real-time. Financial Analysis: Computers are used to analyze financial data, create financial models and perform financial forecasting. They can also assist accountants in identifying trends and potential problems in financial data, allowing them to make informed decisions. Tax Preparation: Computer software is widely used to prepare and file tax returns. Tax preparation software helps accountants to quickly and accurately calculate taxes owed and file returns with the relevant tax authorities. Audit