How Computers are useful in Accounting

Introduction

The whole world is telling us that the computer simplifies everything. For accounting students to become completely equipped to proceed out into the world of work, it is evolving essential for them to realise how the concepts for the computer developed over the years. It is significant that they realise how much easier it is today to do Accounting on a computer.

An accounting information system is just a combination of accounting and computer. It makes accounting much simpler to use and provides more detailed information or results in a professional manner at the end of accounting year (Clinton and Webber, 20-26). Today, there are specialised accounting software for the users to enter information, data and convert into an accounting format. Today, most business firms, companies, individuals now use computerised accounting using software such as spreadsheets, SAP, MYOB, etc (Benjamin and Simon, 20-27).

Advantages Of Using The Computer In Accounting

The most important advantage of using the computer is the speed with which we can get accounting done. In addition, we find that it is very easy to do accounting functions. Posting to the ledger, a tedious task of twice application, when finished exactly from the general ledger module, can be mostly automated when finished through exceptional reason modules like anecdotes payable or anecdotes receivable.

The main advantages of using a computer accounting program includes:

speed - data entry on the computer with its formatted screens and built-in databases of customer and supplier details and stock records can be carried out far more quickly than any manual processing

accuracy - there is less room for error as only one account entry is needed for each transaction

availability of information - the data can be made available to different users at the same time balances (ex: customer accounts) will always be up-to-date

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