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Computerised Accounts (Chapter summary (The different functions can…
Computerised Accounts
Computer accounts
Advantages
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VAT return, automatic production of figures
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Efficient, better use of time
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Disadvantages
Staff opposition, motivation may suffer if staff don't like computers
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Chapter summary
The different functions can include: sales ledger, purchase ledger nominal(general ledger), cash and bank payments, inventory control invoicing and reports
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Most computer accounting programs are based on ledger system and integrate a number of different functions- a single entry transaction will change accounting data in a number of different parts of the system
Computer accounting systems save businesses time and money by automating many accounting processes, including the production of reports for management
Computer spreadsheets are often used to carry out individual functions I an accounting system, for example the creation of budget
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