Discussion:
1. Imagine you are a consultant hired to convert a manual accounting system to an automated system. Suggest the key advantages and disadvantages of automating a manual accounting system. Identify the most important step in the conversion process. Provide a rationale for your response.
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Hello everyone,
An advantage of a manual accounting system is cost. If you do the accounting work by hand, you will save money on the accounting software. Another is that you can do the work anywhere. You do not have to worry about a laptop going dead or computer glitches, or the software crashing.
A disadvantage of a manual accounting system is the time it takes to manually input information. You will have to categorize and total all the information yourself, where a computer will do it for you. Another is you can make mistakes when totaling your numbers. It is easy to hit a wrong number on a calculator when working with a lot of numbers.
I believe the most important step in the conversion process is making sure the balances you transferred to the automated system are correct. Double checking the information is important because all of the information you put in from then on out will be wrong and you will have to go back at all the information until you find your error.
Reference:
The Advantage & Disadvantage of Manual Accounting by Erin Schreiner
Process of Converting From a Manual to a Computerized Accounting System by Kathy Adams McIntosh.