The Basics of Computerized Accounting
Posted Tuesday, Aug 9, 2011 by
You hear a lot these days about computerized accounting. Just what is computerized accounting and how does it differ from other kinds of accounting?
Definition: As its name suggests, “computerized accounting” is accounting done with the aid of a computer. It tends to involve dedicated accounting software and digital spreadsheets to keep track of a business or client’s financial transactions.
History: For centuries, accounting was done using hand-written records usually kept in book form. Hence the terms “doing the books” and “bookkeeper.” When computers entered the consumer market in the early 1980s, many software companies developed electronic spreadsheet and accounting programs to take advantage of this emerging technology. One of the first “killer apps” in this field was Lotus 1-2-3, released by Lotus Corp., now part of IBM, in January 1983. Today, the computerized accounting field is dominated by Microsoft Excel, which is part of the Microsoft Office Suite, although there literally dozens of other accounting software packages available, such as Simply and ACCPAC.
Advantages: Computerized accounting has many advantages over traditional manual accounting. Computerized accounting tends to be more accurate, is faster to use, and is less subject to error than its manual counterpart.
Disadvantages: Computerized accounting also has some weaknesses every accountant and business needs to address. As with any computerized application, computerized accounting records are subject to hacking, viruses, malware and theft unless proper security measures are in place. Records must be backed up regularly — preferably to off-site servers — to prevent loss due to power outages, virus damage, fire and natural disasters.
Today, computerized accounting is used in businesses of every type and size. Anyone planning to enter the accounting field at any level needs to be familiar with its principles and operation.
Learn Computerized Accounting at Everest College in Newmarket
If you are interested in accounting, you can learn the basics of computerized accounting at Everest College of Business, Technology and Health Care in Newmarket, Ontario. This five-month diploma program, taught by accounting professionals, provides hands-on training in such fundamentals as:
- Introduction to Computers
- Windows Fundamentals
- Microsoft Word
- Microsoft Excel
- Bookkeeping and Financial Accounting
- Computerized Accounting with Simply
- Computerized Accounting with ACCPAC
After graduation, students can use the services of Everest’s Career Services department, which can help them identify and pursue local employment opportunities in this field.
About the Newmarket Campus
The Everest College’s Newmarket campus is in the Tannery Mall at 465 Davis Drive, about one mile west of Highway 404 in central Newmarket, Ontario. (If driving via Highway 404, take the Davis Drive exit west.) The campus has ample off-street parking. If taking public transportation, the campus is on the David Drive metro bus route as well as adjacent to the Newmarket GO Transit commuter train station.
For more information about Everest’s Computerized Accounting career education program or other career programs, contact Everest College today!
Financial assistance may be available for those who qualify.