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    AC04-Comp. Accounting

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    Tracy Mae Danghil
    Computerized accounting systems automate the accounting process compared to manual accounting systems. They install programs on a company's computer systems to record financial transactions electronically, reducing paperwork and the need to transfer transactions between physical ledgers. This makes the accounting process more reliable, flexible, and efficient as reports can be generated electronically for any time period. It also reduces clerical work and the possibility of errors compared to manual accounting.

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    AC04-Comp. Accounting

    Uploaded by

    Tracy Mae Danghil
    12 views1 page
    Computerized accounting systems automate the accounting process compared to manual accounting systems. They install programs on a company's computer systems to record financial transactions electronically, reducing paperwork and the need to transfer transactions between physical ledgers. This makes the accounting process more reliable, flexible, and efficient as reports can be generated electronically for any time period. It also reduces clerical work and the possibility of errors compared to manual accounting.

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    Computerized accounting systems automate the accounting process compared to manual accounting systems. They install programs on a company's computer systems to record financial transactions electronically, reducing paperwork and the need to transfer transactions between physical ledgers. This makes the accounting process more reliable, flexible, and efficient as reports can be generated electronically for any time period. It also reduces clerical work and the possibility of errors compared to manual accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    12 views1 page

    AC04-Comp. Accounting

    Uploaded by

    Tracy Mae Danghil
    Computerized accounting systems automate the accounting process compared to manual accounting systems. They install programs on a company's computer systems to record financial transactions electronically, reducing paperwork and the need to transfer transactions between physical ledgers. This makes the accounting process more reliable, flexible, and efficient as reports can be generated electronically for any time period. It also reduces clerical work and the possibility of errors compared to manual accounting.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Tracy Mae A.

    Danghil
    BSMA-2
    AC2204

    Briefly discuss what computerized accounting in your own words? Discuss the salient
    features.

    In the old days, bookkeeping was done to report accounting transactions using ledger booklets.
    The bookkeeper will report any financial transaction the industry has made in a journal. Not only
    did the transaction need to be entered into the journal, but it will also have to be transferred to
    other ledgers. Because of the hassle, there is a desperate need to reduce paper work and
    eliminate huge volumes of account books. And this can be done by means of creating
    computerized accounting system. Computerized accounting systems are automated programs that
    are installed on a company's system, network server, or directly accessible through the use of the
    Internet. This system is extremely reliable since records and documents will be kept confidential
    compared to Manual Accounting System. Reporting in the computerized accounting system is
    flexible. It is capable of providing any financial report as needed and for any span within the
    accounting period, less clerical work, less possibility of errors and maintains uniform accounting
    statements and records as possible.

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