Financial reporting helps record the overall business performance, which is meant to be used by external parties including investors, creditors, and tax authorities. The traditional book-keeping and minimally automated methods of financial reporting are time-consuming, and may lead to erroneous reporting. With EZ Financial Accounting package, businesses can prepare reports with utmost accuracy and speed, and also the reports that are compliant with the industry-standards. According to the financial regulatory authorities, accurate financial reporting which is standards-compliant is mandatory for auditing.
