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Manual accounting system

Manual accounting system

Imagine you are a consultant hired to convert a manual accounting system to an automated system.

 

Suggest the key advantages and disadvantages of automating a manual accounting system.

Identify the most important step in the conversion process.

Provide a rationale for your response

 

…………………Answer preview…………………….

Automated accounting systems use computer software installed on a company’s computers or network servers that automatically collects, stores and processes accounting data to generate information. Concerned parties use this information to make decisions. The advantages of automating a manual accounting system are (Media, 2010);

 

Saves on time – it eliminates human accounting practices such as calculations. These practices consume a lot of time…………………

APA

324 words