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Armenia’s business sector is switching to automatic accounting – expert

07:23, 16.06.2012 Region: Armenia Theme: Economics

YEREVAN. – The great majority of Armenia’s business sector has started to use automatic finance management systems, Armenian Programs Company representative Mkrtich Aslanyan told Armenian News-NEWS.am.  

In his words, more than half of the country’s banks, 300 of the 1,000 large taxpayers, and around 3,000 small and medium enterprises have switched to automatic finance or accounting systems.  

The fees of accounting programs for small and medium business start from AMD 199,000 (approx. US$ 485). 

As per Mkrtich Aslanyan, by way of providing e-services, especially the tax authorities contribute to making businesses become automatic.

Armenia News - NEWS.am

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