Essay
Unit 8 M1
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Essay of 1 pages for the course Unit 8 - Accounting Systems at PEARSON (Unit 8 M1)
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IntroductionIn this task I will compare the benefits of using manual and computerised accounting systems
to record business transactions
The manual accounting system is when the business uses it often but still it a choice of record
keeping for some small businesses. In this case the manual bookkeeping is maintained by
computerised system, and providing layers of traditional form of maintaining a business
accounts and records.
Manual Accounting
This accounting system means that they are used less but still keep the record of book
keeping for some small businesses. In this case the manual accounting is maintained by
computerised system because they are the forms of maintaining a business accounts and
records. This is involved in keeping ledgers like cash book, sales, purchase day books and
petty cash book.
Advantages of Manual Accounting
Having a manual accounting system is that it is easily accessible to anyone who needs the
information.
For example, if a business owners rely on their staff to handle the accounting software and
the information in it. If the owners need access to some data in the system, they have to wait
on someone from the accounting department to get it for them. With a manual system, they
can easily look and get the information.
Disadvantage of Manual Accounting
Accountants will have error to correct these mistakes from using computers to calculate their
calculation. In this case it is easy for a human to transfer numbers or make minor mistakes
that cause problems. On the other hand, Computers can simply follow through by making it
less likely a mistake will occur. By accounting systems, companies can reduce the number
of hours they work and allowing those staff members. Manual records are very difficult to
be maintained safe.
This accounting system has many advantages and disadvantages on how well they are
performing. There are many advantages of Manual accounting systems that they are easier to
make changes to.
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