Traditional Khata Vs Digital Khata

04/07/2021 Financial & Legal Services

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Description

Running a business involves a lot of financial transactions. A lot of merchants rely on the traditional khata book diary system to maintain their financial transactions.

For example, they use khata book udhar to record money lent to others. However, a lot of people are now moving to digital khata. The reason is the growing spread of internet usage and financial awareness.

Digital khata means all your accounting transactions move from paper to a digital platform.

The biggest difference between a khata book diary and a digital khata is the safety of physical documents. One may lose the document or the document may get damaged. But in a digital khata, your documents are safe.

The backup for your records is also maintained on cloud storage. Also, one can access the accounts from anywhere using phone apps or laptops. Rather than maintaining books for various transactions, digital khata is simple and easy to maintain. Digital khata offers setting reminders and getting timely notifications.

Digital khata helps set reminders for payments due. Timely notifications can be set in advance so that due dates are not missed. Digitization helps businessmen to focus on their business by saving the cost of running manual financial records.

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