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It means that the "books" of a business are managed in a computer. QuickBooks, for instance, would be an example of computerized accounting (there are many different softwares). Using Microsoft Excel to organize a business' financial information is also a manner of computerized accounting.
The alternative to compterized accounting is manual accounting, which is still practiced by some small businesses. That simply means that the financial records are kept in ledger books and updates are entered with good ol' pen and paper.
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What are some of the attributes of a computerized accounting system?
what are some attributes of computerized accounting
Computerized accounting system?
Computerized Accounting System or CAS pertains to an integrated system that creates automated book of accounts and computerized accounting records and documents. Compared to manual accounting, CAS saves more time and is not prone to human error.
What is the important of computerized accounting to manual?
Computerized accounting is quicker and easier than manual accounting and less subject to unintentional error.
The flow of data in a computerized accounting information system is?
what is the flow of data in a computerized accounting information system
What is the flow of data in a computerized accounting information system?
what is the flow of data in a computerized accounting information system
Defination of computerized accounting system?
The computerized accounting system refers to the organized set of computerized procedures and methods used by businesses to record their financial information.
How is computerized Accounting different from Manual Accounting?
It's on the computer...
Limitation of computerized accounting?
One limitation of computerized accounting is that some errors can go undetected. A human mind has better judgment as to what is sensible and prudent in accounting.
Need and importance of computerized financial accounting?
1)Computerized Financial Accounting Increases Company Efficiency2) Computerized Financial Accounting Caters For Several Procedures3)
What is computerrized financial accounting?
Computerized financial accounting means performing the accounting function using some kind of computerized accounting system or package like peachtree, quickbooks, SAP etc.
Disadvantages of computerized accounting system?
A computerized accounting system can have faults embedded into the software. These problems can lead to inaccurate calculations for the business.
What is peach tree accounting?
Peachtree Accounting is the name of a computerized accounting software program.
