Describe what you consider some important features of integrated accounting software for small businesses. Why do you think they are important?

Respond in your own words to #1 and #2 below in a minimum of 175 words each:

Accounting information systems are designed to collect and process transaction data and communicate the financial information to concerned parties. The design of a number of types of accounting information systems vary significantly. A number of factors influence the design of these systems, such as the size of the business, the type of business, the volume of data, the type of data management needs, and other factors.

1. Describe what you consider some important features of integrated accounting software for small businesses. Why do you think they are important?

2. You are the accountant for a business. Explain the accounting cycle of an AIS as you understand and perform it each month.

PS: Your response should reflect your own opinions and thoughts. No more that 15% of any post should be from another source which must include the source reference.