Automated Accounting System Research Paper

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Tomas del Rosario College
Balanga City

Systems Analysis and Design

Team Leader:
Anne Catherine Leaño

Team Members:
Jennifer Dizon
AlnieCamu, Edralyn Mae Nieves
Michelle Santos, Lizette Ivy Reyes

I. Title
Emerenze Pawnshop Accounting System

II. Area of Investigation

STATE A BRIEFINFORMATION ABOUT THE PAWNSHOP GUIDED BY THE FOLLOWING QUESTIONS: WHAT IS THE NATURE OF THE COMPANY? WHO OWNS OR OPERATES THE PAWNSHOP, LOCATION AND YEARS OF OPERATION. HOW MANY EMPLOYEES ARE INVOLVED IN THE TRANSACTIONS? APPROXIMATE NUMBER OF TRANSACTIONS – WEEKLY /MONTHLY.

III. Reason of choice:

Accounting system is a computerized version of traditional accounting ledgers and journals. Rather than use paper ledgers to record information, accounting software allows accountants to maintain electronic records of financial transactions. This system provides security for sensitive financial information and allows company to limit employee access to accounting information.

It saves time. While any software requires an initial set-up period, once the accounting software is installed and running, it can save the staff time that they can use on other tasks. Accounting software creates financial statements faster by using templates already installed. Repeating journal entries can be programmed into the software so that the accounting staff does not need to re-enter these journal entries each month. Using accounting software automates some processes which staff is doing by hand. Accounting software also makes answering questions more efficient by allowing the accounting staff to query the answers from the system. It increases accuracy. Manual accounting systems require human effort and encounter human error. When an error is made, it may continue through the accounting cycle undetected until the financial statements are created. One of the biggest challenges with a manual accounting system is finding the original error. Time spent seeking out an error...
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