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An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers.An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
A management information system (MIS) is an information system [1] used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context.
Hardware are the devices like the monitor, processor, printer, and keyboard, all of which work together to accept, process, show data, and information. Software are the programs that allow the hardware to process the data. Databases are the gathering of associated files or tables containing related data.
Specialized software is software that is written for a specific task rather for a broad application area. These programs provide facilities specifically for the purpose for which they were designed. At the other end of the scale, any office manager can dabble in spreadsheets or databases and obtain acceptable results.
A project management information system (PMIS) is the logical organization of the information required for an organization to execute projects successfully. A PMIS is typically one or more software applications and a methodical process for collecting and using project information.
Some reasons cloud accounting software is preferred by users is there is no need to worry about maintenance or hardware system upgrades, it can reduce overall costs, and that a user can gain access from multiple locations. One of the primary reasons cloud accounting software is not being used is the threat of the security of the data. [7]
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