Computerised Accounting Systems

Computerised Accounting Systems

1. Advantages

   • Speed
     • It has a database of its custermer and suppliers details and records and far quicker than doing it manually
   • Automatic doccument production
     • Invoices, credit notes, purchase orders, printing statement and payroll documents are automatic
   • The ability to deal in differnt currencies
     • Allow businesses to trade in differnt currnecy and problems with exchange rates are minimzed
   • Cost effective
     • Reduce staff time doing accounts and reduce audit expensis.
   • Effiency
     • Better uses made of resources and time, improving cash flow due to better debt collection and inventory control

2. Disadvantages

   • Software breakdown
     • Crash of software and information may be lost
   • Hardware breakdown
     • Hardware may break and you