Developing Accounting Information Systems (AIS) includes five basic steps that include planning, analysis, design, implementation, and support. The time period associated with each of these steps can be as short as a few weeks or as long as several years depending on the objectives. An effective accounting system not only helps manage day-to-day financial transactions but also provides valuable insights that contribute to strategic planning and long-term financial stability. Accurate and up-to-date financial records are essential for monitoring the financial health of a business.
