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Benefits of Computerized Accounting Systems by [email protected] is a document available to read on EtoBox.
A computerized accounting system provides several benefits over a manual system. It saves time by automating many tasks, reduces errors through its programmed nature, and provides more timely information. Transactions are updated in real-time so steps are combined. Error testing through trial balances is often not needed as the system checks for debit-credit equality on entry. This markedly reduces mathematical errors. The computer can also automatically record some adjustments and prepare financial stateme
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