Manual Accounting System And Computerized Accounting System

Abstract

This paper has been conducted using a questionnaire completed by staff of businesses, non-governmental institutions, and United Nations agencies in South Sudan. This study compares manual versus automated accounting methods to determine which is a better option than the other and recommend it to companies and organizations. The better option for institutions to monitor and report on financial transactions has to be suggested from the two accounting systems. Computerized accounting has been found to be the most effective because it processes payments and reports more quickly; data loss and fraud are quite likely due to the frequency of internet crimes done by those trying to profit. Manual accounting is seen as not effective in recording, processing, and data reporting, a computerized accounting system has been recommended; however, upgrading has to be a safe technique to manage financial payments and receipts without interference with accounting work. Manual accounting is limited to the precise books needed to complete and support each operation. It is impossible to have the data everywhere and at any time. This study will make clear why certain organizations valued manual labor over automation while others did not, the most effective approach would be suggested above the others along with an explanation of why it is most likely to be used.