Difference between manual and computerized accounting system
Answers
The main difference between manual andcomputerized systems is speed. Accountingsoftware processes data and creates reportsmuch faster than manual systems.Calculations are done automatically insoftware programs, minimizing errors andincreasing efficiency. Once data is input, youcan create reports literally by pressing abutton in a computerized system.Another difference between manual andcomputerized systems is cost. Manualaccounting with paper and pencil is muchcheaper than a computerized system, whichrequires a machine and software. Otherexpenses associated with accountingsoftware include training and programmaintenance. Expenses can add up fast withcosts for printers, paper, ink and othersupplies.A third difference between manual andcomputerized systems is the ease of backupof a computerized system. All transactionscan be saved and backed up, in case of fire orother mishap. You cannot do this with paperrecords, unless you make copies of allpages--a long and inefficient process.