This is an accounting system which uses the computer...blah blah blah black sheep
The disadvantages are that if you don't save it correctly you might loose all of the accounts and remember to expand on this
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.
Arithmetical accuracy. Generation of reports Easy search and comparison.
Arithmetical accuracy. Generation of reports Easy search and comparison.
Funds management, financial accounting, controlling
the difference is that one is with a computer and the other is with writing utensils. i.e pencil, pen, markers
features of master file in computerised accounting
Exam question!
An accounting system can either be a manual system or a computerised one and both produce similar results when properly applied. An accounting system is part of the organisation's management information system therefore a good or decent accounting system must be able to produce reports like trial balance, aged debtors and aged creditors. Accounting systems must provide data that should enable the production of management accounts, statutory accounts and must also assist the managers and accountants in discharging their stewardship roles.
The disadvantages are that if you don't save it correctly you might loose all of the accounts and remember to expand on this
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.
Funds management, financial accounting, controlling
Arithmetical accuracy. Generation of reports Easy search and comparison.
Arithmetical accuracy. Generation of reports Easy search and comparison.
P. H. Bassett has written: 'Computerised accounting' -- subject(s): Accounting, Data processing
While the days of big volumes Journals, Ledgers, Cash Books are numbered , the role of computerised accounting has become immense. With finger tips, the management can have a glimpse of the present status of the company, without waiting for the manual statements prepared with strenuous manpower and length of time.Ensuring saving of space, time, without computerised accounting, modern business world would be rudderless.
Disadvantages; 1. You must learn the software. 2. The software will have bugs, so sometimes it will not work properly. The advantages far out-weigh the disadvantages.