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Accountants and accounting systems have been around for many years.

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16y ago

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What are the Components of a computerised accounting system?

This is an accounting system which uses the computer...blah blah blah black sheep


Manual accounting system vs computerized accounting system?

manual system is labor-intensive while computer-based system is easy and fast.....


What is the differences between manual computerized accounting systems for a service business?

The main difference between manual and computerized accounting systems for a service business lies in how financial data is recorded, processed, and managed. Manual Accounting System Records are maintained by hand in books and registers. Time-consuming and requires more effort. Higher chances of human errors in calculations and entries. Difficult to generate instant reports. Low setup cost, but not efficient for large transactions. Data security and backup are limited. Computerized Accounting System Uses software (like Tally, QuickBooks, Zoho Books) to record transactions. Faster and more accurate processing. Automatic calculations reduce errors. Easy to generate financial reports, invoices, and statements instantly. Better data security, backup, and storage. Ideal for growing service businesses handling many transactions. In short: Manual accounting is simple but slow and error-prone, while computerized accounting is fast, accurate, and efficient for modern service businesses.


What is the difference between computerised accounting system and manual accounting system?

the difference is that one is with a computer and the other is with writing utensils. i.e pencil, pen, markers


How has ATM helped in Accounting system?

ATM helped in accounting system in various ways. But the most important that ATM helped to maintain the accounting records up-to-date.


What is an integrated accounting software?

An integrated accounting system is one that works along with your computers operating system. Easily installed into your computer, it can be up and running in a matter of minutes.


The final output of a computer accounting system is a set of financial statements and reports?

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What is difference between manual accounting system and computerized accounting system?

In Manual accounting systems all transactions are recorded and ledgers are maintained by hand in which there is huge chances of errors and ommissions while in computerized accounting system all transfers are managed by computer that's why less or even no chances of errors or ommission.


Briefly describe concept of accounting information system?

Generally accounting information systems are a computer-based system of tracking financial activity in a company, and presenting that transactions in a organized financial statement. Currently, accounting software can be purchased off the shelf, which is much cheaper than when it had to developed by the company.


What are the key components of accounting information system?

Some key components to an accounting information system is the ability to communicate with other departments. Another important component is the person operating the system.


The nuts and bolts of a computer system?

the system that is very important in a computer drive


Where is it possible to get software for managing an accounting information system?

There are many places a person can get software for managing an accounting information system. Stores like Best Buys, Office Depot and Office Max would sell computer software to help manage a persons accounting information system.