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  #1  
Old November 22nd, 2010, 02:23 AM
DavidBarter DavidBarter is offline
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Manual Vs Computerized Accounting

Accounting software may be developed in-house by the organization using it, tailored to its very own requisites, or may be purchased from a third party. It may be an amalgam of a third-party application software package with local modifications. The complexity and cost of application software varies greatly depending upon many variables like size, scope etc. Accounting software can prove helpful to a business setup in many different ways, some of which are described below.

It should fasten bookkeeping multiple times.

- Queries can be answered much quickly.
- Lots of precious time can be saved in the process of bank reconciliations and VAT returns, which could be devoted to enhance core competencies of the business.
- Offers great help in summarizing year end accounts.
- Accurate forecasting should help prosper your business a great deal, also courtesy to accounting software.

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Old May 9th, 2011, 08:29 PM
daryljames daryljames is offline
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I agree...utilize the latest and greatest technologies available. Speed, convenience, reliability. The benefits are many.

Daryl
L-W Consulting

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Old April 5th, 2012, 02:28 AM
danzy125 danzy125 is offline
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A manual accounting system requires the acting accountant or bookkeeper to post business transactions to the general journal, general ledger and worksheet by hand or on other hand, A computerized accounting system allows the user to enter the transaction into the program once, and all accounts are updated as necessary. So many differences on both these manual and computerized system but it is impossible to discuss all features here.Hope you guys understand everything so clearly.

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Old October 29th, 2012, 02:54 AM
Benkevin123 Benkevin123 is offline
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Such a wonderful information you have provided about the manual and automated accounting software. Recently I have gone through a site bookkeepingmonster.com that provided a very handy information in terms of various accounting software's and their corresponding application where they have been used. So you can also visit that particular website for gaining various information's.

Thanks.

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Old December 19th, 2012, 01:29 AM
nidhishukla nidhishukla is offline
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Manual Vs Computerized Accounting

If we talk about Manual Vs Computerized Accounting then i would like to say that computerized accounting is best because man can do many mistakes while accounting, making balance sheet or the specific task of accounting but Computerized accounting is one of the good invention because machine do the thing which we order but not commit mistakes. Now a days numbers of accounting software are running in market with successful results.

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Old February 19th, 2013, 03:02 AM
Bravomite Bravomite is offline
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Computerized accounting system is more effective and reliable as compare to manuals. In computerized system more fast and no one can cheat easily. You have to convert all the data on accounting software and maintain business affairs with minimum risk.

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Old February 25th, 2013, 03:13 AM
nidhishukla nidhishukla is offline
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If we prefer computerized accounting then it will be much beneficial and if manual entry options are present in it then it will be the best.

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Old May 6th, 2013, 11:37 AM
sandhurst sandhurst is offline
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i Have done both manual accounting as well as computerized accounting. (Bet you guys can guess how old I am).

The biggest advantage of manual accounting is that the book keeper or the accountant becomes a whiz at double entry and along the way he develops skills and methods that enables him or her to become more meticulous and methodical.

the computerized accounting system allows anyone who knows rudimentary accounting knowledge to claim himself or herself an accountant.

The main drawback here is that the basic foundation of double entry is not strong and will take longer to develop. I have come across accountants who have been using SAP systems for the last seven years and have lost all sense of the double entry concept.

sandhurst consultancy pte ltd

Last edited by sandhurst : May 6th, 2013 at 11:39 AM. Reason: addition

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Old May 23rd, 2013, 06:59 AM
ayanachan ayanachan is offline
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Re:Manual Vs Computerized Accounting

I also prefer computerized accounting, the reasons are same. The main advantages of computerized accounting speed, efficiency, automatic generation of accounting documents like statements of accounts and invoices etc.

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Old January 8th, 2014, 11:03 PM
MyRQB MyRQB is offline
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I think both computerized and manual accounting have advantages and disadvantages but they perform the same task, and the final result is the same. The main differences between them are the costs, speed and mobility.

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Old September 8th, 2014, 12:48 AM
Piyush Piyush is offline
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Speed and Accuracy

Computerized accounting programs are quicker as far as entering information is concerned. However, even with the built-in error detection of computer programs, sometimes it is easier to cross-check journals ledgers in a manual system since you can flip to the pages you need, and even spread the books out on a table if needed.

End-of-Period Reports
Computerized accounting packages will automatically pull all relevant ledger entries for the period reports. Manual accounting takes longer, but can help a bookkeeper better understand the posting and end-of-period process. This is one reason why accounting students cannot take a computerized accounting course until beginning and intermediate accounting classes are completed.

Data Manipulation
With a computerized accounting system, information for a particular period of time can be compiled quickly. With a manual system, it can take time to locate the information from each book and compile it into a report.

Things to Consider
If you are not good with figures and accounting frightens you, and hiring a bookkeeper or accountant is not an option, a computerized system will make record keeping easier. For people who are comfortable working with an accounting system, either a manual or computerized system would be fine, but the computerized system offers the benefit of speed. If you are old-fashioned and just prefer having the actual paper books, you can use a computerized accounting system just to print out the journal and ledgers, creating the best of both worlds.

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