Integrated accounting systems simplify reporting processes and ensure greater accuracy. These benefits stem primarily from the consolidated, real-time database at the heart of an integrated accounting system. Various accounting modules, such as payroll, the general ledger, and accounts payable and receivable, are seamlessly connected in real time, so the system requires far less manual data entry, which results in more accurate and consistent data for reporting. That also means companies can build reports based on the most up-to-date financial information, drawn from across the business, which leads to better decision-making. Accurate data also pays dividends when it comes to compliance, minimising the risk of costly violations.