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হোসাইন আলী
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Asked: 2023-03-18T05:52:27+00:00

Difference Between Traditional Accounting System and Computerized Accounting System.

Difference Between Traditional Accounting System and Computerized Accounting System.
accountingdifferences of traditional and computerized accounting system
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    Traditional accounting systems rely on manual processes for recording and managing financial information, while computerized accounting systems use specialized software to automate many of these processes. Here are some key differences between the two: Traditional Accounting System Computerized AccoRead more

    Traditional accounting systems rely on manual processes for recording and managing financial information, while computerized accounting systems use specialized software to automate many of these processes. Here are some key differences between the two:

    Traditional Accounting System Computerized Accounting System
    Speed and Efficiency Slower, manual processes for recording and managing financial information. Faster and more efficient due to automation of many tasks.
    Accuracy More prone to errors caused by human input or calculation errors. Greater accuracy due to reduced likelihood of errors.
    Flexibility Limited flexibility for customization of financial reports and other documents. More flexible and customizable financial reports and documents.
    Scalability May struggle to handle larger volumes of data. Easily handles larger volumes of data, making them suitable for growing or complex businesses.
    Security Less secure due to the risk of loss or damage to physical records. More secure with password protection and regular backups to prevent loss of data.
    Training and Support Requires less training and support, as it relies on manual processes. Requires more training and support due to the complexity of the software.

     

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