Computerised accounting

The first 200 words of this essay...

Assignment 4

Task Three

There are many benefits of using a computerised accounting which I am going to list below and talk about in a little more detail.

> Timesaving

> Increased speed and accuracy

> Less staff required

> Less space need

Timesaving

It is fair to say that a computerised accounting system is much quicker than a manual accounting system as all the user has to do is enter the data into the computer and the computer will make the calculations and produce and print out any reports, invoices or credit notes at the touch of a button.

Increased Speed and Accuracy

The main benefit of the computerised accounting system is to carry out the processing stage quicker, more consistently and accurately than the manual accounting system. These are a few of the main benefits of a computerised system as it is able to produce reports immediately i.e. customer statements or more enhanced reports such as a cash flow analysis or VAT returns. Another benefit of the computerised system is its error detection capabilities i.e. if wrong values are entered the computer will detect this.

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