Application of Modern Software for Improving the Economic Analysis Accounting Efficiency at Enterprises

Abstract

The dynamism of the business environment affects the need for a structured reflection of all operations taking place in it, which increases the demand for applying modern programs in order to improve the efficiency of economic analysis and accounting at enterprises. Purpose: Study of the impact of modern automated programs on increasing the efficiency of accounting and economic analysis at enterprises. The following methods have been used to ensure the fulfillment of the purpose outlined: analysis, logical abstraction, systematization, abstract-logical and graphic methods, etc. As a result of the study, it has been established that automation is carried out in accordance with the stages of accounting with the gradual transfer of data to the digital plane. For the purposes of automation, users mostly use QuickBooks and Sage programs; however, a significant number of accounting professionals keep records manually, and the need for economic analysis of performance indicators is generally neglected. The key functions offered by software products are accounting of invoices, accounting of orders and synchronization of payments with the bank. A significant number of automation programs are hosted on online resources and are intended for small and medium-sized businesses. In addition, programs for large enterprises and corporations require a wide range of functionality, which would necessarily include opportunities for economic analysis, which affects their high cost. It has been concluded that the use of modern software has a positive effect on improving the efficiency of accounting by transferring all data into one plane, reducing time spent on routine operations, increasing opportunities for economic analysis and data control.