Scribd
Upload
74 views

Computerised Accounting

This document discusses computerized accounting and compares it to manual accounting. Computerized accounting involves using accounting software and spreadsheets to record and track financial transactions electronically. It offers advantages like speed, accuracy, reliability, and the ability to easily generate up-to-date reports. While it has some disadvantages like initial costs and potential system failures, computerized accounting has largely replaced manual accounting for its benefits. The document also outlines different types of accounting packages available for small, large, and customized needs.

Uploaded by

Nishi Yadav
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
74 views

Computerised Accounting

This document discusses computerized accounting and compares it to manual accounting. Computerized accounting involves using accounting software and spreadsheets to record and track financial transactions electronically. It offers advantages like speed, accuracy, reliability, and the ability to easily generate up-to-date reports. While it has some disadvantages like initial costs and potential system failures, computerized accounting has largely replaced manual accounting for its benefits. The document also outlines different types of accounting packages available for small, large, and customized needs.

Uploaded by

Nishi Yadav
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 9

Computerised

Accounting
Meaning
As the name suggests Computerised accounting is
accounting done with the aid of a computer
It involves dedicated accounting software and
spreadsheets to keep track of business or client’s
financial transactions
Computerised accounting have now replaced
manual or traditional accounting
Computerised accounting has many advantages
over traditional accounting
Computerised accounting is more accurate, is faster
to use and less subject to error
Features
Accounting with the help of computer
yields accurate and efficient result
It is capable of storing large quantities of
accounting data
Computer accounting systems make
precise reports that are of good quality
Time saving
 Less error
Difference between manual and
computerised accounting
Basis Manual Accounting Computerised accounting
Meaning Manual accounting is a Computerised accounting is an
system of accounting that accounting system that uses an
uses physical registers and accounting software for recording
accounting books the transactions
Recording Recording is possible Data content is recorded in
through original books of database
accounts
Calculations All the calculations are Calculations are performed by
done manually computer system
Speed Slow Fast
Backup Not possible Entries can be saved and backed
up
Financial It is prepared at the end of It is provided at the click of the
statements the period button
Advantages
Speed
Accuracy
Reliability
Up to date information
Efficiency
Quality reports
Back up
Disadvantages
Cost of training
Disturbance due to changing environment
System failures
Breaches of security
Ill effects on health
Accounting packages
Ready to use-
◦ Suited to small business
◦ Cost of installation is low
◦ Number of users are limited
◦ Training needs are simple
◦ But this software is prone to data frauds

◦ Example- Quick books


Customised accounting packages-
◦ Customised to meet special requirements
◦ Standardised software is available
◦ Suited for large organisations
◦ Cost of installation is high
◦ Customisation includes slight modification
and addition to software content
◦ Secrecy of data can be maintained
Marg ERP accounting software
Tailored-
◦ Used in large organisations
◦ Designed to meet special requirements
◦ These software required special training to
users

Mc Donalds, Uber uses tailored software

You might also like