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Opinion on it....

There are several benefits for a company when they use a computerized accounting system. They have the ability to work on their own schedule. The system allows them to store and back up all their financial data in one place making it safer and easier to keep track of everything. Having all their financial information in one place can also aid them in determining the financial health of the company and make decisions for the future. Some features in QuickBooks like financial statements and tracking accounting data help them with the decision making process. Manual and computerized accounting both require analyzing, recording in a journal, and posting to a general ledger. The key difference is manual transactions are done by hand and computerized journal entries and ledger postings are processed by the system.