Agbo Janet

Agbo Janet

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Agbo Janet Acc 101 Assignment

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NAME: AGBO JANET MAT NO: 16/38352/UE DEPT: AGRIBUSINESS OPTION: B.SC AGRIBUSINESS MANAGEMENT COURSE CODE: ACC 101 LEVEL: 200 Speed The main difference between manual and computerized systems is speed. Accounting software processes data and creates reports much faster than manual systems. Calculations are done automatically in software programs, minimizing errors and increasing efficiency. Once data is input, you can create reports literally by pressing a button in a computerized system. Cost Another difference between manual and computerized systems is cost. Manual accounting with paper and pencil is much cheaper than a computerized system, which requires a machine and software. Other expenses associated with accounting software include training and program maintenance. Expenses can add up fast with costs for printers, paper, ink and other supplies. Backup A third difference between manual and computerized systems is the ease of backup of a computerized system. All transactions can be saved and backed up, in case of fire or other mishap. You cannot do this with paper records, unless you make copies of all pages--a long and inefficient process. STORAGE In Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.

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