Question:

Explain the ways in which accounting software provides data security, safety, and confidentiality.

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Choose accounting software with multi-layered security and frequent backup options.
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Solution and Explanation

1. User Access Control: Only authorized personnel can access or modify data.
2. Password Protection: Secure login prevents data breaches.
3. Audit Trail: Maintains logs of every user activity for traceability.
4. Data Encryption: Sensitive data is encrypted to prevent interception.
5. Backup and Recovery: Data backups ensure recovery in case of system failure.
6. Role-based Permissions: Users can be assigned specific roles with limited access.
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