Question

Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently uses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:

Answer 1

Computerized accounting has a lot of advantages over manual accounting when rightly implemented

Step-by-step explanation:

Computerized accounting is an integrated accounting system that uses program software stored on a computer or server to perform account functions. It can be a tailored or off the shelve software for that purpose.

It is easier to use , faster , and more accurate when compared to the manual accounting , which makes it more helpful especially for small business owners that do not have a good structure in place.However , the initial set up cost is high , and this need to be considered by small businesses before adoption. Moreover , as they come in different format , a small business may need to consult expert for the type that is mostly suitable for his business as well.