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Task 1 Describe the advantages and disadvantages of using a computerised system, giving examples throughout. By using a computerized accounting system can help a business manage accounts more efficiently. Popular systems include Sage, or Omni accounts. It can make the process quicker and more straightforward. An accounts system will be used for all the important financial transactions in the business and the business will rely on it to give critical information about the health of the business. A computer accounting system can replace the manual handwritten accounting records, the ledgers and daybooks. Written records are normally the traditional form for recording information, particularly for small businesses. Traditionally, accounts were kept on paper with handwritten entries. Many small businesses still use the traditional methods of book-keeping, often using specially printed books to organize records. However, handwritten accounts can take a significant amount of your business' time and it is easy to make mistakes. Manual Accounting...

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