Accounting is a necessary function for any business that many people overlook. All businesses must keep a record of their income and expenses, and the records should be as detailed as possible. For some, the idea of spreadsheets, general journal books and ledger sheets can cause frustration and anxiety. For those people with computerized accounting like quickbook services, Hernando Beach residents can feel great relief when helped by someone else. On the other hand, others enjoy the manual process of posting to ledgers, journals and worksheets. The process you choose is completely up to you, but it doesn’t have to be solely on you!
What is Computerized accounting?
A manual accounting system requires the acting accountant or bookkeeper to post business transactions to the general journal, general ledger and worksheets by hand. This process can be completed by either using actual paper journal and ledger sheets or by creating these sheets in a computer program such as Excel. A computerized accounting system however, allows the user to enter the transaction into the program once, and all accounts are updated as necessary. For example, instead of going to each accounting and posting a transaction, with a computerized systems like quickbook services, Hernando Beach residents would check the selected payable accounts and the transactions will automatically post to the appropriate accounts.
Why Would I want to make the switch?
If you are not good with figures and accounting frightens you, and hiring a bookkeeper or accountant is not an option, a computerized system will make record keeping easier! For people who are comfortable working with an accounting system, either a manual or computerized system would be fine, but the computerized system offers the benefit of speed. Time is money! If you are old school and just prefer having the actual paper documents, business owners can use a computerized accounting system just to print out the journal and ledgers, creating the best of both worlds. With computerized accounting services like quickbook services, Hernando Beach residents get the benefit of time as well as accuracy and less headaches and anxiety.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of Suncoast CPA Group*