Question

What are the benefits of using a computerized accounting system over a manual system?

Answer 1

solution

Time. Computerized accounting has the advantage of increased efficiency and time management when compared with manual accounting.

Computers are may more rapidly perform accounting functions or assessments than manual accounting systems, once data has been entered into the system.

Focal points of a manual bookkeeping framework:

1.Applies to any business

2.Easier to set up

3.Can be more adaptable than an electronic bookkeeping framework

4.More secure

5.Does not require electricity or batteries

6.Cheaper

7.Greater "impression" of control

Weaknesses of a manual bookkeeping framework:

1.Prone to human mistake

2.Longer to produce reports

3.More suited to littler organizations

4.Records suspectable to risks, for example, flame and water

5.Disaster recuperation designs more enthusiastically to actualize

6.Can take longer time

Favorable circumstances of mechanized Accounting

1.Faster and productive in handling of data;

2.Automatic age of bookkeeping archives like solicitations, checks and articulation of record;

3.With the bigger decreases in the expense of equipment and programming and accessibility of easy to use bookkeeping programming bundle, it is moderately less expensive like keeping up a manual bookkeeping framework;

4.More convenient data can be created;

5.No progressively manual handling of the information all naturally been presented on the different records/accounts and

6.Many sorts of helpful reports can be created for the board to decide

Drawbacks of Computerized Accounting

1.Power disappointment, PC infections and programmers are the characteristic issues of utilizing mechanized frameworks;

2.Once information been contribution to the framework, naturally the yield are gotten thus the information being input should be approved for precision and fulfillment, we ought not overlook idea of GIGO (Garbage In(Input) Garbage out ( Output) and

3.Accounting framework not appropriately set up to meet the necessity of the business due to severely modified or wrong programming or equipment or work force issues can caused more devastation and

4.Danger of PC extortion if legitimate dimension of control and security whether inside and outer are not appropriately been founded.