Accounting information subsystems

The processing of accounting data is traditionally the first area to receive much attention. It is through the use of these accounting information systems that managers receive much of their control information. Speed and accuracy are stressed in the processing of profit and loss information, taxes, and a multitude of other accounting-related activities. Subsets of a typical accounting system include accounts receivable, accounts payable, payroll, credit control, inventory control, sales and invoice and financial reporting.