Uses Of Computer In Finance

Finance
Many people and companies use computers to help manage their finances. Some use finance software to balance checkbooks, pay bills, track personal income and expenses, manage investments, and evaluate financial plans. This software usually includes a variety of online services. For example, computer users can track investments and do online banking. With online banking, users access account bal¬ances, pay bills, and copy monthly transactions from the bank's computer right into their personal computers.

Many financial institutions' Web sites also offer online banking (Figure ). When using a Web site instead of finance software on your computer, all your account information is stored on the bank's computer. The advantage B you can access your financial records from anywhere in the world.
Investors often use online investing to buy and sell stocks and bonds — without using a broker. With online investing, the transaction fee for each trade usually is much less than when trading through a broker.