The Worst Loss in Business Today

The loss of Business data is one of the most devastating experiences any business can face. At times, this data loss may be unbearable.

For many years, accounting was just a manual process of hand written entries in journals and ledgers until the first “packaged” software -spreadsheet, word processing and database became available. Since then, data accounting systems and software have evolved at an ever accelerating pace and are increasingly used for recording accounting information.

Accounting information systems face various risks and lack of prevention can result in loss of data resources. If a system crush occurs, it can cause a major loss to the company. All or some information can be lost and there is a chance it may never be recovered if there are no measures to prevent data from getting corrupted or options to recover it.

Despite the various risks, electronic storage of accounting information is critical to many companies today.

That is why serious companies take precautions by backing up their files regularly and performing standard maintenance on all computer systems.

Statistics suggest that the loss of accounting information with the new technology can be caused by a variety of exposures: software malfunction 14% and manmade disasters such as computer viruses 7%.The good thing is that very simple security methods can be employed to limit the possibility of such losses.

Truly, Data loss is awkward for any business. If you have ever lost valuable data in an excel sheet or a word document you would understand how hard it is to come to terms with the loss.

In fact, when discussing business, even the gentleness of terms can do little to soften the intense sadness that is felt due to any type loss. It is the worst experience.

If you too lost your accounting data, here are the 10 simple ways how you can prevent data loss

About the Author:

Fixed Asset Consultant at Prosperity Agencies Limited with over 10 years practical experience in physical verification, bar-coding of assets and fixed asset software implementation +260 211 239859

Let's Get Connected: Linkedin | Facebook | Google Plus

Related Post