Computerized accounting is quicker and easier than manual accounting and less subject to unintentional error.
manual accounting and computerized accounting is different from each other
A manual accounting system is a method of processing accounting functions with pencil and paper. A computerized accounting system allows accounting professionals to compute accounting tasks with a computer.
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.
1)Computerized Financial Accounting Increases Company Efficiency2) Computerized Financial Accounting Caters For Several Procedures3)
They both do accounting and they both involve money
manual system is labor-intensive while computer-based system is easy and fast.....
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.
There are several different benefits when it comes to computerized accounting. It is faster, easier to store and save, and there is not as greater chance for errors.
Manual accounting is the kind that a person does by means of a pen (or pencil) and paper, and (at most) an adding machine to help; computerized accounting is the kind that computers do for you, by means of spread-sheets.
Differences include: *Speed *Cost *Back up
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.